Shares of Garden Reach Shipbuilders Ltd., Bandhan Bank Ltd., Emmvee Photovoltaic Ltd., Star Health Insurance Ltd., CEAT and Canara HSBC Life Insurance Ltd. are six stocks that are seeing the strongest reaction to their fourth quarter results on Wednesday, April 29. The results were reported after market hours on Tuesday. Here’s a look at these…
Shares of Maruti Suzuki India Ltd. are trading 4% higher on Wednesday, April 29, after brokerages weighed in on its March quarter earnings, which came broadly in-line with expectations. The country’s largest passenger vehicle maker reported double-digit revenue growth for the quarter, but profitability was weighed down by a sharp decline in other income and…
Shares of Shyam Metalics and Energy Ltd. gained on Wednesday, April 29, after the company proposed to invest fresh capital worth another ₹2,700 crore in addition to its existing ₹16,060 crore pipeline to expand its capacity. The company said the investment will be funded entirely via internal accruals and is aimed at expanding higher-margin product…
Shares of Garden Reach Shipbuilders Ltd. are trading with gains of as much as 15% on Wednesday, April 29, in response to their strong fourth quarter results, that were reported after market hours on Wednesday. The results have also boosted the fortunes of its peer companies, Cochin Shipyard and Mazagon Dock Shipbuilders. With this move,…
Shares of REC Ltd. are trading nearly 5% lower on April 29, extending losses for a second straight session, after the company reported a mixed March quarter performance. While asset quality improved sharply, profitability fell short of expectations due to higher provisioning, elevated operating expenses and subdued loan growth. The reaction has also been weighed…
Coca-Cola, one of the biggest names in the global fast-moving goods business, announced its results on April 28. The bottom line rose as well, with the net revenue growing 12%, jumping to $12.5 billion. The company reported that its global unit case volume grew 3%. The organic revenues (Non-GAAP, Generally Accepted Accounting Principles) grew 10%….
Shares of Man Infraconstruction Limited surged as much as 7% on Wednesday, April 29, after its group entity acquired a redevelopment project in South Mumbai with an estimated sales potential of over ₹2,000 crore. The project has been secured by Man Aaradhya Infraconstruction LLP, in which the company holds a 50.5% equity stake, the company…
Dharmesh Kant, Head Research at Chola Securities, outlined a mixed sector view. He expects a temporary impact on InterGlobe Aviation due to fuel costs but sees structural strength supporting recovery. On Eternal, he flagged execution risks in expansion and margin assumptions despite near-term valuation support. In defence, he prefers Mazagon Dock Shipbuilders over Garden Reach…
Geely Automobile Holdings Ltd.’s first-quarter profit missed analyst expectations as China’s auto market weakened following the winding back of government subsidies. Net income declined 27% to 4.2 billion yuan ($614 million) in the three months ended March 31, compared with 5.7 billion yuan the previous year, the Hong Kong-listed arm of billionaire Li Shufu’s auto…
Jahangir Aziz, Co-head of Macroeconomic Research at JPMorgan, sees global markets adjusting to a prolonged phase of geopolitical uncertainty, with oil markets increasingly pricing in extended supply disruptions due to the US-Iran conflict. This prolonged uncertainty is expected to keep pressure on prices and complicate supply dynamics. Aziz also cautions that expectations of near-term rate…
