US Stock Reports, Quotes and News
Wipro Q4 Results Preview: Wipro\’s consolidated revenue for the reporting quarter is expected to be flat sequentially and decline 4.3% YoY to Rs 22,185 crore, according to the average of estimates by 10 brokerage firms. However, cons net profit is likely to rise by nearly 4% sequentially, but decline a sharp 9% YoY to Rs 2,799 crore
Infosys Q4 Results: Revenue from operations in the fourth quarter stood at Rs 37,923 crore, up 1% from Rs 37,441 crore clocked in the previous year\’s quarter. The IT major expects operating margins to be anywhere between 20-22% in the current fiscal.
ABB Ltd (SIX:ABBN). (ABBNY) shares jumped more than 5% in European trading Thursday after the company hiked its profitability outlook for 2024.
EasyJet (ESYJY) shares added over 3% in London trading Thursday after the company said it expects a narrower headline pretax loss for the first half of 2024 amid growing demand for summer bookings.
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.
After falling about 17.5% from the top, the stock is now at an important support level but the underlying trend is bearish. \”The stock has an important support at Rs 1,350 and resistance at Rs 1,500. Heavy short positioning ahead of results, with OI up 16% and stock down 2% this expiry,\” Emkay Global said.
The company reported a PAT of Rs 4,028 crore for the quarter ended December 2023, which was up 6.5% as compared to the previous quarter. The EBIT growth was also 8% up while the expenses had decreased by nearly 6% for the same period.
Nestle India\’s shares plunged 5.4% on Thursday to Rs 2,409.55 on BSE, following revelations of adding sugar to baby food in India but not in Europe or the UK. The health ministry expressed concern. This marked Nestle\’s worst single-day drop in 3 years.
The company reported a gross direct premium income (GDPI) of Rs 224,770 crore in FY24 compared to nearly Rs 2,100 crore in FY23, a growth of 17.8%, which was higher than the industry growth of 12.8%.
Paytm will be a high conviction exclusion, causing outflows of $77 million from India, the domestic brokerages\’ note said. Paytm\’s exclusion comes after a nearly 40% correction in the share price following RBI\’s ban on its Paytm Payments Bank. Meanwhile, Berger has yielded nearly 9% returns over 1 year.