Tech Mahindra witnessed the highest number of brokerage analyst upgrades among Nifty 50 stocks in the past month after the IT company unveiled a strategic vision for a business turnaround over the next three years. 'Buy' calls on Tech Mahindra stock increased from 14 to 21, while 'hold' calls dropped to 10 from 13 and ‘sell’ calls dropped to 14 from 18. In its Q4...
E-commerce co's Q4 consol profit jumps 78% as collections from customers grow 16% ** Stock eyes busiest trading day since July 2023, volumes at 11.4x the 30-day avg
** Co receives letter of award worth 6.11 bln rupees ($73.4 mln) for the supply of LSAW pipes, along with coating and bends, in the Latin American region ** The execution of this contract shall be done in FY25 - Welspun
Indian consumer goods companies such as makers of cooling systems, beer and ice cream are attempting to capitalise on a hotter-than-usual summer season by cranking up output, launching new products and ramping up spending on marketing. The world's most populous nation expects 10 to 20 heatwave days, which it describes as temperatures hitting at least 40 degree...
posted a consolidated profit attributable to the owners of 345.7 million Indian rupees in the fiscal fourth quarter, rebounding from an attributable loss of 146.2 million rupees, according to an Indian bourse filing on Wednesday. Earnings per share for the quarter ended March 31 came in at 0.20 rupees per share, versus loss per share of 0.08 rupees a year earlier.
NESTLEIND and Dr. Reddy's Laboratories agreed to set up a new joint venture consolidating their nutritional businesses, according to an Indian bourse filing on Thursday. The proposed joint venture will combine Nestle Health Science's nutritional health solutions, vitamins, minerals and health supplements with Dr. Reddy's nutraceuticals, the filing said.
global iron ore prices climb to highest level in over six weeks on improved steel demand hopes in top consumer China
Liquor maker says it has commissioned new wraparound packaging equipment at its Bhopal canning facility ** New equipment streamlines production processes and expected to raise operational efficiency by about 25%, co adds
Three key financial businesses of India's Aditya Birla group are expected to grow 19%-21% in the next three to five years, the cement-to-retail conglomerate's chairman Kumar Mangalam Birla said on Tuesday. Speaking at an event in Mumbai, Birla was referring to the company's credit, investment and insurance arms, but did not provide more details how the growth...
Indian consumer goods companies such as makers of cooling systems, beer and ice cream are attempting to capitalise on a hotter-than-usual summer season by cranking up output, launching new products and ramping up spending on marketing. The world's most populous nation expects 10 to 20 heatwave days, which it describes as temperatures hitting at least 40 degree...
climbed to a consolidated net profit to 14.5 million Indian rupees in the fiscal fourth quarter ended March 31 against a net loss of 4.15 billion rupees a year ago. Earnings per share came in at 0.06 rupees compared with a loss per share of 22.0 rupees, according to a Saturday filing by the renewable energy company. Revenue from operations in fiscal Q4 shot up...
Indian weather dept forecasts more heat wave than normal from April to June
Just Dial's Ebitda margin is seen by management as improving further after this margin expanded by 340bps on quarter in 4Q FY 2024, ICICI Securities analysts say in a research report. Management has guided for over 30% Ebitda growth and over 15% revenue growth for FY 2025, and plans to achieve at least half of this growth via price increases, the analysts note....
Hyundai Motor, Kia Form EV Battery Partnership With Exide Energy Solutions.keep for 475
Mortgage bank lender's assets under management (AUM) up 22% y/y as of March-end, disbursements up 20% ** Citi believes AVAS can maintain margins despite rise in financing costs, sees AUM rising 24% in FY25 and 25% in FY26 ** Jefferies maintains "Buy", with PT of 1,940 rupees; says it sees growth improving on the back of tech rollout, other initiatives
"The company emerged as a successful bidder and has received a Letter of Intent from REC Power Development and Consultancy Limited dated for the establishment of the Transmission system for Evacuation of Power from RE Projects in Rajgarh (1000 MW) SEZ in Madhya Pradesh‐Phase I
A Memorandum of Understanding (MoU) has been signed between IRCTC and Swiggy (Bundl Technologies Pvt Ltd) to provide pre-ordered meals to passengers of Indian Railways through IRCTC e-Catering Services
Abakkus Asset Manager bought almost 3.4 mln LTOL shares at 162.04 rupees each on Tuesday,