US Stock Reports, Quotes and News
UltraTech Cement Q4 Preview: UltraTech Cement is anticipated to see an 18% YoY net profit increase to Rs 1,962 crore in Q4FY24, with revenue reaching Rs 20,057 crore, up 8.50% YoY.
Abneesh Roy discusses the impact of milk softness, margin expansion at Hatsun Agro, and cereal inflation in India. Despite global cost dependencies, strong pricing power persists amidst inflation concerns, offering a positive outlook for the future.
Kotak Mahindra Bank\’s shares plunged 12% to Rs 1,620 after RBI halted new customer onboarding and credit card issuance. Brokerages slashed target prices due to concerns over online channel reliance and potential long-term growth impact.
On Thursday, Axis Bank shares surged 5% to reach the day\’s peak at Rs 1,119, following the company\’s release of better-than-anticipated results. The bank reported a formidable profit of Rs 7,129.67 crore for the March quarter, buoyed by margin expansion and increased non-core incomes.
On Thursday, shares of the IT service company LTIMindtree dipped 2.5% to touch the day\’s low at Rs 4,611 on the BSE, as the company\’s Q4 results failed to meet market expectations.
Nestle India\’s shares climbed 1% to Rs 2,530 during Thursday\’s intraday trading on the BSE in anticipation of the company\’s fourth-quarter results, scheduled for later in the day. Analysts predict a 17% increase in net profit to Rs 867 crore for the quarter ending March 31, 2024, based on the average estimates of three brokerages.
Tata Elxsi\’s shares dropped 5% to Rs 7,000 today as investors were disappointed by the company\’s Q4 results. The company reported a 4.5% sequential decline in net profit in its quarterly results announced yesterday. Q4 revenue stood at Rs 905.9 crore, down 0.9% QoQ, marking the first sequential revenue decline since Q1 of FY21.
Honasa Consumer, the parent company of skincare brand The Derma Co., saw its shares surge by up to 7.6% to Rs 435 on BSE after announcing The Derma Co.\’s achievement of an annual revenue run rate (ARR) of Rs 500 crore.
GSPL Share Price: PNGRB reduced the tariffs to ₹18.1/mmbtu (million British Thermal Unit), from the earlier price of ₹34/mmbtu. GSPL had asked a revision of price to ₹50.8/mmbtu to the board, which was not approved.
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.
SHANGHAI (Reuters) – China\’s state planner expects an intensified price war among automakers of electric cars and plug-in hybrids this year because of overhanging supply, among other issues, the government body said in a statement on Monday.
Tesla (NASDAQ:TSLA) has announced fresh price cuts in several key markets, including China and Germany, days after similar reductions in the United States, as the company continues to struggle amid declining sales and increasing competition in the electric vehicle (EV) market.