Indian equities faced significant selloff following disappointing September quarter earnings, with mid and small-cap stocks hit hardest. Brokerage firms have lowered earnings estimates, citing reduced government expenditure and slowing urban consumption.
1 min read20 Nov 2024Waaree Energies Limited announced a 17 per cent hike in net profits for the July to September quarter results in the financial year 2024. Shares closed higher ahead of the earnings release in Monday's trading session.
1 min read18 Nov 2024Indian corporate earnings for the September quarter fell short of expectations, causing market volatility and FPI exits. Mixed sector performance was noted, with many companies missing estimates, while a few sectors like PSU banks and steel showed strength.
1 min read18 Nov 2024In its earnings review, MOSL noted a 1% YoY decline in performance, impacted by global commodities. Notable companies like Hindalco and Apollo Hospitals showed strong growth. The downgrade ratio is at its weakest since FY21, suggesting a challenging earnings landscape ahead.
2 min read18 Nov 2024Starlineps Enterprises shares surged 5% on November 18 after reporting strong Q2FY25 earnings, with net profit rising to ₹3.25 crore and revenue more than doubling.
1 min read18 Nov 2024Here’s a quick look at stocks likely to be in focus in today's trade.
1 min read18 Nov 2024Geojit Financial Services Head of Research, Vinod Nair sheds light on market outlook, valuation, second quarter results, and inflation.
1 min read17 Nov 2024Nomura India maintains a 'Buy' rating on Vodafone Idea with a target price of ₹14, indicating a 91% upside. The firm expects Ebitda growth but warns that success depends on securing debt funding for network investments.
1 min read16 Nov 2024Lemon Tree Hotels Q2 Results: Lemon Tree Hotels Ltd announced a 33 per cent hike in net profits to ₹35 crore, for the July to September quarter, compared year-on-year. Shares closed higher ahead of earnings release in Thursday's market session.
1 min read14 Nov 2024Hero MotoCorp Q2 Results: Hero MotoCorp Ltd's net profit rose 6 per cent to ₹1,066 crore in the July to September quarter, compared year-on-year. Shares of the company closed higher earlier to the earnings release on Thursday's market session.
1 min read14 Nov 2024The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared