Mon, Aug 22, 2022 4:05 PM
ITC stock has spiked on the back of sales and profit growth momentum
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HDFC Asset Management Company reported a consolidated net profit of Rs 540.84 crore for the quarter ended on March 2024. Net profit rose 43.77 percent year-on-year from Rs 376.17 crore in the same quarter last fiscal. The AMC’s consolidated revenue increased by 28.55 percent to Rs 695.43 crore against Rs 540.95 crore in the previous year.
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The Cboe Volatility Index popped above 20 for the first time since October as geopolitical angst stoked wagers for added swings in US stocks. The so called VIX — which measures the 30-day implied volatility of the S&P 500 — popped to 21.36 in early morning trading in New York. The gauge pared its gains to 18.65 at 9:17 a.m. in New York.
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IT major Wipro has kept the revenue guidance to (-) 1.5 percent to 0.5 percent for the first quarter ending June 30, 2024 (Q1FY25). In January, the Bengaluru-based firm adjusted its revenue growth guidance for the fourth quarter at both the lower and upper end to -1.5 percent to 0.5 percent. This was after the company slashed the guidance to -3.5 percent to -1.5 percent in October.
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