Stock market highlights on January 16, 2024: Among sectors, the Nifty Realty index declined 1.95 per cent, the Nifty IT index 1.3 per cent, and the Nifty Pharma 1.14 per cent
The company posted a consolidated profit after tax of 5.32 billion rupees ($64.1 million) for the quarter ended Dec. 31, 2023 from 2.14 billion rupees a year ago
Shares of Paytm surged 4.8 per cent to Rs 750 per share on the BSE in Tuesday's intraday trade
The company reported 56 per cent drop in its consolidated profit after tax at Rs 294 crore for the December quarter (Q3), due to fall in income and rise in expenses.
Stocks to Watch on Tuesday, January 16, 2024: HDFC Bank's Q3FY24 net profit growth may come in anywhere between -1.6 per cent and 1.3 per cent quarter-on-quarter (Q-o-Q)
Increases focus on secured lending due to regulatory developments
Can non-poaching pacts fix C-level attrition? Will Interim Budget 2024 revive demand and investment? Which should you watch out for in banks' Q3 results? What is UPI for secondary market? Answers here
The company's net profit increased 82.2 per cent year-on-year (Y-oY) to Rs 79.5 crore in FY22
Closing Bell on January 15, 2024: Shares of Wipro surged 14 per cent intraday, before closing 6 per cent higher, as the company beat profit estimates in its third quarter results (Q3FY24)
The numbers are not comparable year-on-year (Y-o-Y) due to its merger with HDFC Ltd effective July 1, 2023
The Nifty IT index is likely to trade with a bullish bias as long as the index sustains above 36,950 levels, suggest the daily chart.
The commentary on higher deal wins in the Consulting vertical indicates that the drag from that segment is now bottoming out, which should help improve overall growth, as per Motilal Oswal Securities
Stocks to Watch on Monday, January 15, 2024: HCL Technologies posted one of the highest revenue growths since Q3FY21 this quarter
Avenue Supermarts Ltd, which owns and operates retail chain D-Mart, on Saturday, reported a 17 per cent rise in its consolidated net profit to Rs 690.41 crore for the third quarter ended December 31. The company had posted a net profit of Rs 589.64 crore in the October-December quarter a year ago, according to a regulatory filing by Avenue Supermarts. Its revenue from operations grew 17.31 per cent to Rs 13,572.47 crore during the quarter under review against Rs 11,569.05 crore in the corresponding quarter of the last fiscal. Avenue Supermarts' total expenses rose 17.31 per cent to Rs 12,656.46 crore in the third quarter of this fiscal. Its total income in the December quarter increased 17.28 per cent to Rs 13,605.39 crore. The total number of stores stood at 341 as of December 31, 2023. Meanwhile, in a separate filing, Avenue Supermarts said its board has appointed Harishchandra M Bharuka as an Independent Director of the company. Promoted by Radhakishan Damani and his family,
The silver lining of the performances of these companies during the quarter was the total contract value (TCV) signed, which continued to show a healthy momentum.
The company revised its FY24 revenue growth guidance to 5-5.5 per cent, from its earlier 5-6 per cent. It reduced its upper end of revenue growth
The investment income rose by 130.7 per cent Y-o-Y to Rs 11,372 crore, from Rs 4,929.8 crore a year ago
The forecast includes the revenue flowing from the German engineering firm ASAP, which it acquired in July 2023 for $279 million
Wipro Q3 results: The shares of the company had risen over 4 per cent in anticipation of the results on Friday
Closing Bell on Friday, January 12: Infosys jumped 8 per cent on the benchmark indices as new deal wins accounted for 71 per cent of total deals in Q3FY24. TCS, too, surged 4 per cent