The Central Bank of India’s financial performance for the first quarter of the current financial year (likely FY 2024-25) seems positive. Profit: There was a significant year-on-year (YoY) growth of 110% in profit after tax, reaching Rs 879.94 crore. Sequentially (compared to the previous quarter), net profit increased by around […]
Two of Nazara’s subsidiaries, Openplay Technologies and Halaplay Technologies, have been issued notices by the Indian government for potential Goods and Services Tax (GST) liabilities totaling nearly Rs 1,120 crore. The notices are likely show cause notices, which means the government is proposing this GST liability but is giving the […]
Significant price increase: The stock price currently experiencing a 20% upper circuit , which is a substantial gain in a single day. Multi-year high: This increase pushed the stock price to its highest level in several years. MTNL did indeed struggle to meet its financial obligations. They were unable to […]
Weak Demand and Prices: The overall cement industry witnessed slow volume growth and soft demand in Q1 . Squeezed Margins: Increased competition and rising input costs are expected to put pressure on profit margins . Even though revenue might hold up somewhat, profitability could be impacted. Industry Trend: Analysts predict […]
Indian billionaire Gautam Adani and Singapore-based Wilmar International are indeed exploring the sale of a minority stake in their joint venture Adani Wilmar. This is to comply with shareholding regulations in India. Stake being sold: Up to 13% of Adani Wilmar, potentially in equal stakes by both Adani and Wilmar […]
Stock Surge: The stock price surged as much as 9.5% on July 16th. JPMorgan Bullish: This jump follows JPMorgan initiating coverage on the stock with an “overweight” rating, indicating they expect it to outperform the market. Price Target Upward: JPMorgan assigned a price target of Rs 1,280, suggesting a potential […]
Financials: Revenue: Analysts predict a slight sequential increase (around 0.7%) in revenue to ₹37,718 crore but a YoY increase of 9.4%. Profit: The net profit is expected to see a modest rise of 1% sequentially to ₹6,185 crore, translating to a 15% YoY jump. FY24 Guidance: Infosys sharply reduced its […]
Current Status: The IPO application window closed on July 15th, 2024, at 5:25 PM IST. Grey Market Premium (GMP): The last reported GMP for Sahaj Solar is ₹240, as of July 15th, 2024, at 5:25 PM IST. GMP is an unofficial estimate of the premium investors in the grey market […]
Deepinder Goyal, the founder and CEO of Zomato, did indeed join the coveted billionaire club thanks to the significant surge in Zomato’s share price over the past year. Zomato’s Stock Performance: Zomato’s shares have seen a remarkable increase, with some reports indicating a rise of over 300% since July 2023. […]
Profit growth: Net profit is expected to show a significant increase, with estimates ranging from 17% to 19% YoY . Margin improvement: Potentially lower input costs could lead to an expansion of EBITDA margins by 90-100 bps YoY . Bajaj Auto’s stock price has been on a positive trend in […]