Shares of Hindalco Industries Ltd. are in focus on Wednesday, May 20, after its wholly-owned subsidiary Novelis reported its fourth quarter results, wherein its operational numbers improved and the company guided for better times ahead. How Did Novelis Fared In Q4 Novelis’ shipments during the quarter declined to 844 Kilo Tonnes (KT). That’s a 12%…
Oil prices stay elevated above $110; Brent at $111 as Trump says Iran has to ‘Come to the Table’ by early next week Source link
Sensex Today | Stock Market LIVE Updates: The Nifty faces a challenge to conquer the 50-DMA closer to the 23,800 mark, a level it failed to sustain above even on Tuesday. Rising bond yields globally are pressuring equity markets, particularly in the US. The Nifty will likely see support at the 23,500 mark Sensex Today…
Stocks to watch today, May 20: BPCL, Orkla India, Mankind Pharma, JSW Energy, Bharat Forge and others (Image: AI/ET Now) Stocks to watch today, May 20: Indian shares are likely to see stock-specific action on May 20 as companies including Bharat Petroleum Corporation, Mankind Pharma and Trident reported their quarterly earnings, while firms such as…
Safari Industries (India) Ltd reported a mixed set of fourth-quarter earnings on May 19, with revenue maintaining double-digit growth momentum while profitability remained largely flat due to margin pressure. Net profit for the March quarter stood at ₹37.5 crore, compared with ₹37.6 crore in the corresponding period last year. Revenue rose 12.4% year-on-year to ₹473.3…
Shares of Zydus Lifesciences Ltd. gained over 5% on Tuesday, May 19, after the company approved a ₹1,100 crore share buyback along with reporting a stronger-than-expected March quarter performance, with profit, revenue and margins beating Street estimates. Zydus Life’s Buyback The company’s board approved the buyback of up to 95.65 lakh equity shares at ₹1,150…
Shares of RITES Ltd. fell after the company reported its fourth quarter earnings on Tuesday, May 19. Its earnings for the January to March period were largely weak. Barring revenue, the railway PSU witnessed a decline across all parameters. The company’s net profit came in at ₹130 crore, down 2.3% from the previous year’s ₹133…
Leopold Aschenbrenner, a former OpenAI researcher turned hedge fund manager, has sent shockwaves through Wall Street. His firm, Situational Awareness LP, recently disclosed a massive portfolio shift, revealing over $7 billion in put-option positions against major semiconductor and AI-infrastructure leaders Nvidia, AMD, Oracle and others. Aschenbrenner is of the view that the biggest bottleneck for…
US benchmark indices had another down day on Tuesday, May 19, as higher bond yields continued to fray investor sentiments, even as no concrete breakthrough was achieved in the ongoing negotiations between the US and Iran. The Dow Jones ended with losses of over 300 points, while the S&P 500 and Nasdaq fell 0.7% and…
State-run Nifty 50 constituent Bharat Electronics Ltd. (BEL), reported results for the March quarter on Tuesday, May 19, which were higher than expectations across most parameters. Revenue for the quarter grew by 11.6% from the same quarter last year to ₹10,177 crore. A CNBC-TV18 poll had pegged the figure at ₹10,012 crore. Earnings Before Interest,…
