US Stock Reports, Quotes and News
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.
\”About 80% of Wipro\’s revenue decline over 2QFY23-3QFY24 has come from BFSI alone. A return to growth in BFSI should therefore help stem the erosion,\” said JM Financial\’s Abhishek Kumar.
Shares of Vodafone Idea dropped 5% to Rs 12.23 in today\’s trading, ahead of the closure of its Rs 18,000 crore follow-on public offer. Vi attracted Rs 5,400 crore from 74 anchor investors, featuring prominent names like GQG Partners and Morgan Stanley.
Jio Financial Share Price: The reaction to the Q4 earnings can be seen today when the stock rose and hovered near its 52-week high of Rs 384.
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.