Fri, Jan 14, 2022 10:16 PM
Disney shares dip on worries over the Pace of Profit Growth
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Both at the level of indices and market breadth, volatility is back. As the valuations are still in high zone and even a small correction can lead to sharp cut in stock prices it would be better for any investor in a corrective phase that fresh investment should be made in large cap stocks as there is a possibility that they would see less damage in correction which might continue for more time.
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Mahindra & Mahindra Financial Services shares were trading lower after the NBFC subsidiary of the Mahindra Group reported a net profit of ₹619 crore for the March quarter, marking a 9.5% decline from ₹684 crore in the same period last year. Despite the decline in profit, the non-bank lender saw a significant rise in its net interest income, which increased by 21% year-on-year.
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EV-maker Lucid (LCID) reported mixed first quarter results, as a wider-than-expected loss trumps the company's confirmation that its Gravity SUV is still on track for a 2024 debut. For the quarter, Lucid reported revenue of $172.7 million, topping expectations of $150.1 million and nearly 16% higher from a year ago. Lucid's loss per share however came in at $0.30.
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