FII selloff hits Rs 30,000 crore since Budget but why aren’t alarm bells ringing?
While the domestic gush of liquidity has dismissed the impact of capital gains tax hike, expensive valuations and a not-so-great Q1 earnings season, foreign institutional investors (FIIs) have sold Indian stocks worth at least Rs 30,000 crore since Budget. In the last 17 trading days since Budget was presented on July 23, Sensex is weaker…
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Q1 results today: Hindalco, Nykaa among 660 companies to announce earnings on Tuesday
The first quarter earnings season is almost coming to an end and as many as 660 companies will announce their quarterly numbers on Tuesday. Key results to watch out include Hindalco, Nykaa, Hero MotoCorp, Apollo Hospitals and IRCTC. Apart from the above, companies like Samvardhana Motherson, Muthoot Finance, SJVN, Max Financial Services, Gujarat Fluorochemicals, Endurance…
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Ola Electric to announce Q1 results on August 14 in first board meeting after listing
The newly-listed Ola Electric Mobility on Friday announced that it will be holding its first board meeting after the listing on the exchanges, scheduled for August 14, 2024. βPursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (βListing Regulationsβ), we wish to inform you that…
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Q1 results, IPO action among 10 factors that will steer D-Street this week
While the Nifty managed to hit the 25K mark, the weekly trade was largely range-bound, with the 50-stock index ending the week with a 0.47% decline, dragged down by fears of a US economic slowdown and Japanβs rate hike. When markets resume trading on Monday, a host of important domestic and global events lined up…
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Cyient shares decline 9% on weak Q1 results. What should investors do?
Engineering service provider Cyient shares plunged 9% to Rs 1724 in Friday’s trade after the company posted a drop in June-quarter profit due to delays in project execution. The company reported a 23.8% sequential drop in its first-quarter net profit at Rs 144 crore. On a year-on-year (YoY) basis, the profit for the Hyderabad-based firm…
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SBI Life shares climb 3% to 52-week high after Q1 results. Should you invest?
Shares of SBI Life climbed 3% to hit a 52-week high at Rs 1,684 in Thursday’s trade on BSE after the firm reported a standalone net profit of Rs 520 crore for the first quarter ended June 2024. This is a growth of 36% from Rs 381 crore posted in the same quarter last year….
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ashok leyland q1 results: Ashok Leyland Q1 Results: Profit falls 9% YoY to Rs 526 crore, misses estimates
Ashok Leyland on Thursday reported a 9% year-on-year (YoY) decline in its standalone net profit at Rs 526 crore for the first quarter ended June 2024. It was Rs 576 crore a year ago. The profit missed the ET Now Poll estimate of Rs 596 crore. The company said profit decline was mainly due to…
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Profit booking or another record high in Nifty this week? Track these 5 factors
After ending six consecutive weeks with a gain, Nifty is now caught between the expectations around Budget and the ongoing earnings season. While Sensex ended 0.65% higher during the week, the BSE Smallcap index ended 0.26% lower. “There is a mix of anxiety and excitement in the market due to the muted Q1FY25 earnings forecast…
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