Mon, Apr 29, 2024 9:50 AM
Buy or sell: Vaishali Parekh recommends three stocks to buy today
A Flip by Riya Sharma
Korean consumer electronics major LG will continue to introduce products in the home entertainment segment tailored for India to maintain its leadership position, according to senior company officials. LG Electronics India, which on Wednesday launched 55 AI-enabled television models, expects to grow 25-30 per cent this year in its home entertainment (HE) vertical.
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Shares of Bharti Hexacom rose nearly 6% on May 15 after the Bharti Airtel arm's March quarter earnings prompted Jefferies to raise the target price on the stock. On May 14, Bharti Hexacom reported 10.2% year-on-year growth in net profit at Rs 222.6 crore for the January-March quarter on the back of strong operating margin performance, strong customer additions and ARPU increase in mobile services.
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Shares of Mahindra and Mahindra Ltd (M&M) gained 1.5 percent to hit an all-time high of Rs 2,306 apiece on May 15 a day before the auto major is scheduled to announce its January-March quarter (Q4FY24) results.According to Moneycontrol's poll, the company's profit is slated to rise by a mere 2.5 percent year-on-year (YoY) to Rs 2,026 crore in Q4FY24.
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