Shares of Mukesh Ambani-led Jio Financial Services jumped 3% in Monday’s early trading session to Rs 381 after the company posted its Q4 results with a 6% quarter-on-quarter (QoQ) increase to Rs 311 crore in its net profit for the quarter ended March 2024 on Friday post market hours. The reaction to the Q4 earnings can be seen today when the stock rose and hovered near its 52-week high.
Open FlipShares of Reliance Industries are likely to gain on April 22 on expectations of the company reporting robust numbers for the quarter ended March 31, 2024. The Q4FY24 earnings of the oil-to-telecom conglomerate will be driven by a recovery in its core oil-to-chemicals (O2C) business and sustained momentum across the company’s consumer-facing telecom and retail businesses.
Open FlipShares of Hindustan Copper surged more than 7 percent to a 52-week high of Rs 394 on the National Stock Exchange (NSE) in the morning trade as the price of the metal edged closer to $10,000 a ton on expectations of a recovering global economy lifting the demand for industrial materials. Metals have risen sharply recently buoyed by signs of improvement in manufacturing activity in the US and China.
Open FlipShares of Reliance Industries are trading flat ahead of announcement of Q4 results 2024. RIL share price today opened with an upside gap at ₹2,644.90 apiece on NSE and went on to touch an intraday high of ₹2,949.70 per share mark within a few minutes of opening bell. However, profit-booking soon triggered and it retraced from its intraday high and touched an intraday low of ₹2,935.60 per share.
Open FlipWipro has beaten the Street estimates with a 5 percent rise in net profit for the January-March quarter, but persisting cost-cutting measures, decline in headcount and a sluggish guidance for the next quarter fuelled concern among brokerages that a recovery for the IT major may still be some time away. The company's net profit rose 5 percent on-quarter to Rs 2,835 crore in January-March.
Open Flip📌Thermax: Buy at ₹4812, target ₹4899, stop loss ₹4699 📌JSW Energy: Buy at ₹@ 626.70, target ₹666, stop loss ₹609 📌Apar Industries: Buy at ₹7078, target ₹7350, stop loss ₹6940 📌HAL: Buy at ₹3751, target ₹3915, stop loss ₹3670 📌ITDC: Buy at ₹645, target ₹680, stop loss ₹628 📌Jindal Streel: Buy at ₹925 to ₹928, target ₹1028, stop loss ₹875 📌SBI Card: Buy at ₹730 to ₹734, target ₹774
Open FlipReported Standalone quarterly numbers for Indian Renewable Energy Development Agency are: Net Sales at Rs 1,391.25 crore in March 2024 up 34.29% from Rs. 1,036.04 crore in March 2023. Quarterly Net Profit at Rs. 337.38 crore in March 2024 up 33.03% from Rs. 253.62 crore in March 2023. EBITDA stands at Rs. 1,336.02 crore in March 2024 up 43.36% from Rs. 931.96 crore in March 2023.
Open FlipWith the fourth quarter results ongoing, as many as 15 companies will announce their quarterly results today, with all eyes on Reliance Industries (RIL). The company will also consider paying a dividend for investors along with Q4 results later today.Other companies which will release their earnings on Monday include Hatsun Agro Products, Tejas Networks, Tamilnad Mercantile Bank, Epigral.
Open FlipCompanies are increasingly investing in office fit-out, prioritising higher specifications to enhance employee engagement and wellbeing, aiming to boost attendance, retention and attract new talent, according to experts.Data from Savills India shows a significant shift in office fit-outs, with about 35% now categorised as standard, 50% as mid-grade and 15% as high-grade.
Open FlipBollywood actor Amitabh Bachchan has acquired a land parcel in Alibaug near the country's financial capital Mumbai to build a luxury villa in the beach town known for sea view properties of rich and famous personalities, said persons with direct knowledge of the development.“The actor has bought the land parcel spread over a quarter of an acre from The House of Abhinandan Lodha (HoABL).
Open FlipReported Standalone quarterly numbers for Hindustan Zinc are: Net Sales at Rs 7,550.00 crore in March 2024 down 11.27% from Rs. 8,509.00 crore in March 2023. Quarterly Net Profit at Rs. 2,042.00 crore in March 2024 down 21.13% from Rs. 2,589.00 crore in March 2023. EBITDA stands at Rs. 3,934.00 crore in March 2024 down 14.76% from Rs. 4,615.00 crore in March 2023.
Open FlipReported Standalone quarterly numbers for Jio Financial Services are: Net Sales at Rs 140.51 crore in March 2024 up 691.61% from Rs. 17.75 crore in March 2023. Quarterly Net Profit at Rs. 77.76 crore in March 2024 up 237.65% from Rs. 23.03 crore in March 2023. EBITDA stands at Rs. 107.07 crore in March 2024 up 436.96% from Rs. 19.94 crore in March 2023.
Open FlipThe Karnataka Real Estate Regulatory Authority (KRERA) has ordered Suvilas Properties, a wholly-owned subsidiary of Bengaluru-based listed real estate player Shriram Properties Ltd (SPL), to refund the entire booking amount after it provided wrong information to the buyer before the sale. In this case, the developer sold an apartment to the buyer worth Rs 1.2 crore.
Open FlipThe all-new MC30 is here. This is a curated basket of 30 investment-worthy mutual fund schemes. While the list remains largely the same year after year, some schemes go out and get replaced. A quick recap of why this churn- albeit minimal - happens. Schemes go out due to consistent poor performance (they would have taken a turn for the worse after they entered MC30) or a change in its mandate.
Open FlipShares of Aditya Birla Fashion and Retail gained nearly 1% at the open on the NSE on April 22 after the company's board approved the demerger of Madura Fashion and Lifestyle Business from Aditya Birla Lifestyle Brands. In a release on April 19, ABFRL said the board approved the demerger of Madura Fashion and Lifestyle business into a newly incorporated company - Aditya Birla Lifestyle Brands.
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