Tue, Oct 22, 2024 12:55 PM
Hold Jio Financial Services; target of Rs 345: KR Choksey
A Flip by Avya Verma
Reported Consolidated quarterly numbers for Sterling and Wilson Renewable Energy are: Net Sales at Rs 1,030.49 crore in September 2024 up 35.68% from Rs. 759.52 crore in September 2023. Quarterly Net Profit at Rs. 7.05 crore in September 2024 up 113% from Rs. 54.25 crore in September 2023. EBITDA stands at Rs. 52.11 crore in September 2024 up 178.96% from Rs. 18.68 crore in September 2023.
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US Federal Reserve is most likely to reduce interest rates by 25 basis points (bps) in December, expects Citi. In an interview with CNBC TV18, Robert Sockin, Global Economist at Citi, said that it would be difficult for the Fed to refrain from action in November, given the current economic data. Sockin explained that the market is beginning to consider the possibility of a pause in rate hike.
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Stylam Industries reports a 12.3% increase in net sales to Rs 262.70 crore in Q2 2024, with a 7.43% rise in quarterly net profit to Rs 34.11 crore, and a 14.52% increase in EBITDA to Rs 56.30 crore, with EPS up to Rs 19.66. Stylam Ind shares closed at 2,307.25 on October 18, 2024, with 38.02% returns over the last 6 months and 40.04% over the last 12 months.
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