US Stock Reports, Quotes and News
The global brokerage firm UBS upgraded Voltas\’ rating from \’Neutral\’ to \’Buy\’, raising the target price to Rs 1800 from Rs 885 previously. This adjustment suggests an upside potential of 38% from the previous close of Rs 1300.
Zomato\’s shares rose 5% to Rs 197.80 after raising its platform fee by 25% to Rs 5 per order. With 2.0-2.2 million daily orders, this increase could significantly boost earnings.
GSPL shares plunged 20% to Rs 302 as PNGRB slashed tariffs for its high-pressure network by 47% to Rs 18.1/mmbtu from Rs 34.0/mmbtu, contrary to GSPL\’s requested revision to Rs 50.77/mmbtu.
American Express\’s Q1 profits soared by 34%, fueled by increased cardmember spending and interest income growth. The company\’s revenue sources expanded, with a focus on attracting high-quality customers despite payment challenges.
The retail APE for LIC stood at a negative CAGR of 3.8% while the sector grew at a rate of 9% over two years, with private sector companies growing at 17%.
Under the proposal, a vertical demerger of Madura Fashion and Lifestyle business will be executed and newly incorporated company named as Aditya Birla Lifestyle Brands Ltd will be listed separately on completion of the demerger from ABFRL. ABFRL plans to raise Rs 2,500 crore equity capital within 12 months of demerger with promoter participation.
Netflix added new customers in the first quarter, but its second-quarter revenue forecast missed market expectations of $9.54 billion late on Thursday. It also decided not to report subscriber additions and average revenue per member from the first quarter of 2025.
Wipro’s revenue from operations in the reporting period declined 4% YoY to Rs 22,208 crore, compared with Rs 23,190 crore in the corresponding period of last year.
Hindustan Zinc Q4 Results: The PAT was, however, up on a sequential basis from Rs 2,028 crore in Q3FY24. The revenue also grew from Rs 7,067 crore reported in the previous quarter. The stock traded at Rs 397.25 on the NSE at 2:30 pm, down by Rs 7.50 or 1.85%.
The net profit was Rs 294 crore in the preceding December quarter. For the full year ended March 2024, the financial services company\’s net profit grew multi-fold to Rs 1,604 crore as against just Rs 31 crore in FY23.
Sequentially PAT jumped 11% over Rs 487.92 crore posted in Q3FY24. Meanwhile, the revenue jumped 3.60% on a quarter-on-quarter basis.
Infosys Share Price: Infosys shares fall 3% after revenue decline. EBIT margin declines to 20.1%. FY25 revenue growth guidance impacted by discretionary spending weakness. Brokerages cut target prices. Analysts remain optimistic about Infosys\’ growth potential in the future.