US Stock Reports, Quotes and News
In Q4FY24, Supreme Industries Profit After Tax (PAT) surged by 126 basis points to reach Rs 314.48 crore, compared to Rs 310.56 crore recorded in Q4FY23. Additionally, the company witnessed a 16% year-on-year growth in revenue for the quarter ended March 2024, with revenue standing at Rs 2,609.61 crore compared to Rs 2,248.28 crore in Q4FY23.
\”Reliance Industries Ltd\’s (RIL) strong earnings will keep leverage in check as the company continues to pursue growth ambitions. We expect the company\’s debt-to-EBITDA ratio to remain commensurate with the rating (BBB+/Stable/–),\” S&P said in a note.
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.
Finolex shares have given a Cup & Handle breakout on the monthly charts and can be bought at above Rs 275 by aggressive traders for a target of Rs 325, and a stop loss can be placed below Rs 229.
Reliance Share Price: RIL shares, which have gained around 14% in the calendar year so far, were trading flat in Tuesday\’s morning trade but brokerages have increased their targets going up to Rs 3,500-mark.
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.
JPL\’s Q4 net profit increased by 12%. For the January-March period, JPL\’s consolidated net profit rose to Rs 5583 crore from Rs 4984 crore a year ago and Rs 5445 crore in the previous three months ended December, it said in a statement Monday.
In its earnings release, Reliance Retail said it undertook an equity fund raise of Rs 17,814 crore in FY24, including Rs 2,500 crore infused by Reliance Industries during the March quarter. It did not specify where the capital would be utilized.
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.
Potential 30-40% returns from Polycab & KEI Industries in the Rs 1.8 lakh crore-cables & wires sector fueled by industry growth, exports, and government policies favoring organized players and renewable energy.
Markets anticipate election impact. May series will be volatile, says Rahul Ghose of Hedged.in. He says a stock-specific approach is advisable now and that he prefers Hindustan Unilever, Elecon and Just Dial and recommends exiting Exide. Nifty\’s crucial levels are at 21,700-21,800, 22,000. PSU banks are favored while Nifty Pharma index is pivotal at 18,700. IPCA labs strong.
RIL Q4 Preview: On an average, four brokerages anticipate a year-on-year growth in fourth-quarter revenue from operations of up to 12%.