A total of 48 dividend announcements (including final, interim and special dividends) are scheduled to turn ex-dividend on July 17. 3M India has announced the highest payout at Rs 506 per share (Rs 160 final dividend + Rs 346 special dividend), while Bhatia Communications & Retail (India) and Mangalam Global Enterprise have declared the lowest…
Newgen Software Technologies Ltd reported a softer set of earnings for the June quarter, with profit and margins contracting sequentially, sending its shares lower in Thursday’s trade. The company posted a 41% sequential decline in net profit to ₹63 crore, compared with ₹106 crore in the March quarter. Revenue fell 21% quarter-on-quarter to ₹357 crore…
“As a journalist, the details always tell the story” – this quote by American author and musician James McBride describes a scribe in a nut shell. Meet Shubhobrota Devroy, who carries this journalism sentiment in his heart. As an experienced business journalist, he is always on a steep learning curve in his profession. From macroeconomics,…
Semiconductor stocks in India: Companies in focus as govt clears Rs 1.28 lakh-crore Semicon 2.0 to fuel India’s chip ecosystem – List (Image source: Shutterstock/ET Now) Semiconductor stocks in India: India has marked another major milestone to solidify its presence in the global chip supply chain as the Union Cabinet has approved Semicon 2.0, the…
ARPU Trend Price/unit Q1 FY27(E) Rs 215-216/unit Q4 FY26 Rs 214 Q3 FY26 Rs 213.7 Q2 FY26 Rs 211.4 Q1 FY26 Rs 208.8 Additionally, any commentary from the company regarding the Jio IPO, whether related to its valuation or listing timeline, will be among the key things to watch. Source link
Shares of HDFC Asset Management Company (AMC) Ltd. are trading with losses on Thursday, July 16, even as brokerages were largely positive on the stock post its first quarter earnings. While brokerage firm Nomura has a “buy” rating on the stock, HSBC has a “hold” recommendation. Why Is Nomura Bullish On HDFC AMC? The brokerage…
Brokerage firm Motilal Oswal has highlighted Dixon Technologies Ltd., Cyient DLM Ltd., and Syrma SGS Ltd. as its top picks within the EMS space, after a slew of measures were announced by the government on Wednesday. Motilal Oswal has a price target of ₹16,100 on Dixon Tech, ₹560 on Cyient DLM, and ₹1,630 on Syrma…
Shares of Mangalore Refinery and Petrochemicals Ltd. (MRPL), the Mangaluru-based refiner, surged as much as 13% on Thursday, July 16, after its June quarter revenue surged compared to the January-March period. This is the biggest single-day gain for the stock in the last four months. On a sequential basis, MRPL’s revenue increased by 60% from…
Shares of Unimech Aerospace and Manufacturing Ltd. were trading over 6% higher on Thursday, July 16, after brokerage firm Motilal Oswal initiated coverage on the stock with a ‘Buy’ rating and a price target of ₹1,530. Motilal Oswal’s target price implies a potential upside of 27% from Wednesday’s closing price. For its bull case, Motilal…
Shares of ABB India Ltd. gained as much as 10% on Thursday, July 16, after its global parent ABB Global reported its results for the second quarter. As part of its results announcement, ABB Global disclosed that the order inflow for the India region grew by 81% on a year-on-year basis. The figure is the…
