![]() ![]() Tatva Chintan Pharma Chem is plunging as its net profit declines 3.2% YoY to Rs 16.9 crore in Q4FY23. The company shows up in screener for stocks with improving return on equity for the past two years. The decrease in profit is attributed to an increase in the cost of materials and components consumed. UPL's Q4FY23 net profit falls 37.8% YoY to Rs 1,080 crore, while its revenue rises by 4.5% YoY. Tata Motors has risen 16.8% in the past month, while the other increased by 13.2%. Tata Motors and Oracle Financial Services touch their 52-week highs of Rs 500 and Rs 3,722.5, respectively. The stock shows up in a screener for companies with book value per share improving over the past two years. Union Bank of India, Bank of India, NCC and Petronet LNG are trading below their second support or S2 level.ĬG Power and Industrial Solutions is rising as its Q4FY23 net profit jumps 282.4% YoY to Rs 426.1 crore and revenue increases 28.2% YoY, driven by robust growth in its industrial and power segments. According to Trendlyne’s Forecaster, the analyst price target on the stock is Rs 601 per share. The company features in a screener of stocks where brokers have upgraded their recommendations or target prices in the past month. The company has also declared a final dividend of Rs 2 per share of face value of Rs 1 each.Īlembic Pharmaceuticals rises over 7% in trade today. The company shows up in a screener of stocks with declining net profit and profit margin (YoY). Its revenue declined by 4.8% YoY to Rs 3,676,8 crore. However, its EBIT margin drops 70 bps YoY to 22.4% due to a sharp rise in employee costs.Įxide Industries is rising despite net profit declining by 95.4% YoY to Rs 181.1 crore in Q4FY23 on the back of rising raw material costs. Happiest Minds is falling despite its Q4FY23 net profit rising by 10.7% YoY to Rs 57.7 crore and revenue increasing by 25.8% YoY. Relative strength index (RSI) indicates that stocks like Rail Vikas Nigam, Cholamandalam Investment & Finance, MRF and Devyani International are in the overbought zone. The Fed needs to take a fresh look against their earlier outlook to pause interest rate hikes. The US farm payroll data released on Friday indicated unemployment rate in April 2023 at 3.4% against estimates of 3.6%. ![]() Major Asian indices closed higher, except for Japan’s Nikkei 225 closing in the red. According to Trendlyne’s sector dashboard, realty was the top-performing sector of the day.Įuropean indices traded in the green, taking cues from the US indices futures, which also traded higher. All other major sectoral indices closed higher. However, Nifty PSU Bank index and Nifty Media closed lower than their Friday levels. Nifty Midcap 100 and Nifty Smallcap 100 closed in the green, following the benchmark index. Its revenue increases by 51.5% YoY as its value of loans distributed rises to Rs 12,554 crore. One97 Communications (Paytm) Q4FY23 net loss declines by 77.9% YoY to Rs 168.4 crore against analyst estimates of 306 crore loss. India’s coal imports surge by 30% in FY23 to 162 MT. Indian indices maintained their gains from morning session and Nifty 50 closed over 1% higher, with the volatility index, India VIX, rising over 3%. Of the 1,978 stocks traded today, 1,123 were gainers and 787 were losers. ![]()
0 Comments
Leave a Reply. |