SBI shares in focus after Q2 earnings beat estimates. Should you buy, sell, or hold?
India’s largest public sector lender State Bank of India (SBI) shares in focus today after the bank beat earnings estimates by a wide margin, reporting a profit of Rs 18,331 crore, up 28% year-on-year (YoY). An ET Now poll had estimated the profit to be around Rs 15,550 crore. Net interest income for the quarter…
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Diwali spoiler: Sensex, Nifty ending October month with 4 bad signs
With rich valuations and slowing corporate earnings spoiling a festive October, Dalal Street is ending Diwali month as the worst one since 2020’s market crash during Covid amid record FII outflow that has crossed the Rs 1 lakh mark in the secondary market. “India has been underperforming in October with Nifty down 5.7%, when markets…
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Smallcaps run risk of extended selloff as earnings slow
The tide is turning against Indiaβs smaller companies as weak earnings and a souring economic outlook spur a downturn in their shares. Key gauges of small- and mid-sized companies have tumbled since hitting September highs, putting them close to a so-called technical correction of a 10% peak-to-trough decline. The Nifty Midcap 100 Index is heading…
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Ambuja Cements shares in focus ahead of Q2 earnings today. Here’s what to expect
Adani Group-owned Ambuja Cements’ shares will be in focus on Monday as the company will announce its September quarter earnings later today. The cement maker is expected to report a 43%-61% year-on-year fall in its September quarter profit on lower realisations, according to estimates of a couple of brokerages. Meanwhile, revenue could see a flat…
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HUL shares in focus on Q2 earnings, Rs 29/share interim dividend
Shares of Hindustan Unilever (HUL) are likely to remain in focus on Thursday following a 4% fall in its standalone net profit for the quarter ended September 2024 to Rs 2,612 crore versus Rs 2,717 crore posted in the year-ago period. On Wednesday the FMCG major reported revenue from operations at Rs 15,319 crore, which…
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Stock to Watch: Jio Financial shares in focus ahead of Q2 earnings
Shares of Jio Financial will be in focus in Friday’s trade as the company will announce its second quarter earnings later today. In the run up to the results, shares of Jio have been muted with a fall of over 6%. In the last five days, the stock sinked nearly 4% amid an overall bearish…
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Stock to Watch: Wipro shares in focus after co posts 21% YoY jump in Q2 PAT
Shares of Wipro will be in focus on Friday following IT major’s July-September quarter earnings where the company reported a 21% jump in net profit to Rs 3,209 crore for the quarter ended September 2024 versus Rs 2,646 crore logged in the year-ago period. The figure was higher than ET Now poll estimates of Rs…
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Angel One stock goes up another 5% after Q2 earnings
After rallying over 18% the previous day, shares of Angel One surged 5.3% to Rs 3,394 in Wednesday’s trade on BSE after the company on Tuesday reported its best-ever quarterly performance across key financial metrics in the three month period ended September 30, 2024. The domestic brokerage on Monday reported a consolidated net profit at…
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Tata Elxsi shares jump 3% after Q2 PAT rises 14% YoY to Rs 229 crore
Tata Elxsi shares rose 2.8% on Friday to day’s high of Rs 7,980.30 on BSE after the company reported a 14% growth in its consolidated net profit, reaching Rs 229 crore for the second quarter, compared with Rs 200 crore in the same quarter last year. Its revenue from operations during the same period increased…
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Will Nifty succumb to fear or time for greed to take over? Watch out for these 7 factors
Amid rising fears of a surge in crude oil prices due to tensions in West Asia and the FII outflow of money towards China, the stock market has been falling incessantly for the last five days and recorded its worst week in over two years. “The drag was across sectors led by realty, auto, and…
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