US Stock Reports, Quotes and News
Exide and Amara Raja added a combined market value of about $2 billion in April as investors boosted their bets in the nascent clean car market. Purchase subsidies, lower operating costs and state-level policy will continue to support growth in the industry, analysts said.
B K Birla Group company Kesoram Industries Ltd on Monday posted a consolidated net loss of Rs 244.42 crore for the quarter ended March 2024, despite higher sales. The cement maker\’s net loss in the fourth quarter of the 2023-24 fiscal (FY\’24) has widened from Rs 48.86 crore in the corresponding quarter of the previous year.
Q4 results today: 15 companies, including RIL, will reveal quarterly results. RIL expected to announce dividend. RIL may see revenue growth, EBITDA increase, and net profit drop.
RIL Q4 Preview: On an average, four brokerages anticipate a year-on-year growth in fourth-quarter revenue from operations of up to 12%.
RIL Q4 results today: Reliance Industries to announce Q4 results with expected revenue growth. Analysts predict strong retail and telecom segment performance. Stock consolidating pre-earnings, may rally with positive results, reaching Rs 3,070.
Rakesh Parekh talks about the key drivers for the market — a combination of ample liquidity, pro-growth government policy direction, investments and capex entering an upcycle as well as corporate balance sheets that remain conducive for investments. He says: \”We are encouraging clients to add to their equity positions with a long-term perspective in mind to take advantage of this opportunity.\”
Just Dial shares surged 13% to Rs 1,010, supported by strong financial performance. EBITDA increased to Rs 70.6 crore, with total active listings at 43.6 million. The launch of JD Mart platform targets India\’s manufacturers, distributors, and wholesalers.
Hathway Cable and Datacom Ltd on Wednesday reported a consolidated net profit of Rs 34.57 crore for the March quarter.
The share price of Sterlite Technologies Ltd (STL) rallied 7.5% to Rs 144.80 after the company announced the completion of Rs 1000 crore fund raise through Qualified Institutional Placement (QIP) route.
Reliance Industries Ltd to announce March quarter results on April 22, including potential dividend approval. Analysts anticipate profit decline and revenue growth. O2C business is expected to see refining throughput decline and GRM increase.
While noting that the reforms in crude and gas pricing have improved the company\’s profitability above past decade averages, Jefferies expects strong free cash flow generation and consolidated net debt reduction on profitable production growth over FY 24-26.
Banks spending more on technology to meet regulatory mandates, companies upgrading SAP systems and a broader increase in technology spending after US elections due in November are some of the factors that have raised demand recovery prospects for India’s $245 billion-plus IT services sector next year.