BHARAT TEXTILES PROOFING INDUSTRIES LTD Q3 RESULTS
Housing: Take exposure to a set of stocks rather than one; 13 stocks from the housing ecosystem, 7 with upside potential above 27% in 1 year
When you say “housing sector”, do you have any idea how many disparate companies come under that umbrella term? From the real estate company which buys and develops land, to ceramic companies whose tiles are used to give the final touches to a building, to the housing finance company that is the biggest enabler for the purchase of the house – and a whole host of other segments. And each segment has its own cycle of business. Which is why the housing sector is one where probably owning a whole chain of stock makes more sense than taking exposure to a single stock.
Retail investors lost interest in PSU stocks in Q2. Is it too early to sell?
Retail investors reduced their holdings in several PSU stocks during Q2 FY25 due to valuation concerns and election results. Despite the PSU index underperforming the Sensex over the past six months, some analysts remain optimistic about the sector's long-term prospects, citing government spending and growth in oil, gas, and utilities.
Auto OEM’s Q2 earnings outpace India’s Jul-Sep GDP, but why are stocks still lacking vigour?
Despite outperforming both Nifty and India’s GDP growth in Q2FY25, listed auto OEMs experienced lackluster stock performance, falling up to 21%. Factors include uneven earnings, changing consumer preferences, interest rate cut delays, and demand normalization. Market analysts offer mixed recommendations on auto and ancillary stocks. Stocks like Mahindra & Mahindra, Maruti Suzuki and Samvardhana Motherson are among preferred bets.
Time to shed fear & skepticism? 5 mid-cap stocks, where managements have seen many cycles, with an upside potential of up to 35%
An analysis of market breadth since October 1 reveals an interesting trend. Except when the entire street was under pressure, market breadth has been better on most days. This suggests that, while there was selling by FIIs, there was no panic among domestic retail investors. Even when the Adani issue hit the street last week, the reaction of the broader market clearly indicated that the underlying bias has changed. So the recovery was sharp and swift. Now, with a major event like the Maharashtra election behind us, the chances are that parts of the mid-cap segment will get their shine back. So is it time to shed fear and skepticism? Perhaps, but remember: There will be short-term volatility; and a major negative event on the global markets could impact the street.
BJP win in Maharashtra: Breather for Adani's $3-billion Dharavi project
For Adani, who is facing bribery charges in a US court, the scrapping of his pet Dharavi project would have been a big setback.
Housing: It is a chain rather than one industry; 13 stocks from housing ecosystem with an upside potential above 24%
In some sectors, owning a whole chain of stocks makes more sense than taking exposure to a single stock. A sector has many industries, and each has its own internal cycle. There are times when one segment of the sector might be facing problems. So, having exposure to a number of segments helps in diversification of the portfolio. It also helps you take better advantage of a sectoral bull run. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components – earnings, fundamentals, relative valuation, risk, and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
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Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 33%
The US election, the Fed rate cut, the Chinese stimulus package. All three global events the markets were awaiting are done and dusted. But the global markets now are waiting to see what happens when Donald Trump takes charge as US president. The way things are panning out, it is likely that volatility will remain at elevated levels for the next few weeks. So being cautious is the way to go. Our selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars – earnings, fundamentals, relative valuation, risk, and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
Grasim shares slip 2% after Q2 PAT declines 66% YoY
Grasim Industries witnessed a 66% decline in Q2 consolidated net profit, reaching Rs 389 crore, despite an 11% surge in revenue, reaching Rs 33,563 crore. This downturn is attributed to reduced profit margins in the cement sector and initial investments in the 'Birla Opus' paint business.
Volatility is an opportunity, just combine it with checks and balances. 5 mid-cap stocks from different sectors with an upside potential of up to 43%
Few trading sessions back, the street was focused on auto stocks. A small miss in Q2 earnings and the stocks would decline sharply. On Monday, however, when a large automaker announced lower-than-estimated Q2 earnings, the stock still moved higher. The reason: Future projections were positive. Now understand this: The stock’s upmove is a reflection of market sentiment and promise. The management narrative, even if overly optimistic, is about fundamentals. And it is fundamentals which deliver earnings. So whether the Nifty is at X or Y levels is of little relevance if one is investing. What matters is the business – specifically its earnings.
Q2 results this week: Tata Motors, Tata Steel, M&M, Trent, SBI among 170 companies to announce earnings
The second quarter earnings season is underway and as many as 170 companies will declare their results this week. Some of the marquee names include Titan, Asian Paints, PB Fintech, IRCTC, IRFC, RVNL, Mazagon Dock Ship, Tata Steel, Mahindra & Mahindra, Trent, LIC, MRF, Tata Motors, and SBI among others.
Aditya Birla Real Estate Q2 Results: Firm posts profit of Rs 3 cr; revenue jumps 30% YoY
Total income rose to Rs 1,138.08 crore during the July-September period of 2024-25 fiscal from Rs 873.70 crore in the corresponding period of the preceding year, according to a regulatory filing.
Hyundai listing, Q2 results among 8 factors to drive stock market this week
Nifty declined 0.44% this week, influenced by auto, metal, and IT stocks. Key upcoming factors include FII flows, IPO activity, Q2 results, and global market trends
India Inc's GCC play; BharatPe, Licious financials
Indian businesses are expanding their technology capabilities through global capability centres, paralleling international firms operating in India. This and more in today’s ETtech Top 5.
Headroom to cut petrol, diesel prices by Rs 2-3 per litre: Icra
Recent declines in crude oil prices have improved margins for state-owned fuel companies, allowing potential cuts in petrol and diesel prices by Rs 2-3 per litre. The price of imported crude oil averaged $74 per barrel in September, down from $83-84 in March. This could lead to reduced retail fuel prices if crude prices remain stable.
These large-caps have ‘Strong Buy’ & ‘Buy’ recos and an upside potential of more than 25%
It is often said the market tends to revert to its mean. That is about the stock market moving down to catch up on its averages, But in the last few years, the scenario has been different. The market moves to a new high, stays in range-bound mode, and then moves higher – making a new mean higher than the previous one. There will be phases when the markets will correct, and if one is looking to deploy fresh money, it would be better to put a major chunk into large-caps as there is still valuation catch-up which is likely to happen in this space. ET Screener, powered by Refinitiv’s Stock Report Plus, lists quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “Buy” or "Strong Buy". The screener applies different algorithms for all BSE and NSE stocks.
Lab-grown cotton startup can make clothes greener, more ethical
Boston-based startup Galy has developed a lab-grown cotton alternative that significantly reduces water, land, and fertilizer use compared to conventional cotton.
RVNL among India Inc's unlucky 13 with over 25% drop in both sales, profit in Q1
To maintain a premium valuation, a stock must demonstrate strong earnings growth and a positive future outlook. However, the June quarter results revealed that several prominent companies, including popular retail multibaggers, fell short in terms of earnings. ETMarkets reviewed companies with an m-cap of at least Rs 5,000 crore and identified 13 entities that reported at least a 25% YoY decline in sales and profit.
Volume and value growth to converge in second half of Q2FY25: Pidilite
Pidilite Industries Ltd. managing director Bharat Puri expects volume and value growth to align in the second half of Q2 2024, with value growth potentially surpassing volume due to improved product mix. The company reported a 9.6% increase in volume and a 21% rise in net profit to Rs. 571 crores. Export sales were affected by geopolitical tensions and shipping delays.
Q1 results this week: ITC, SBI, TaMo, Zomato among 130 firms to announce earnings
This week, several prominent companies released their June quarter financial results. Firms like ITC, SBI, Adani Ports, Tata Motors, and M&M showcased their reports between July 29th and August 3rd. The updates offered a glimpse into their quarterly performance, engaging the attention of investors and stakeholders.
Asian Paints Q1 Results: Cons PAT drops 24% YoY to Rs 1,170 crore; misses estimates
Asian Paints Q1 Results: The paint manufacturer experienced a 2.3% decrease in consolidated revenue from operations for Q1FY25, reaching Rs 8,943 crore, compared to Rs 9,154 crore in the same quarter of the previous year. Standalone net sales also saw a decline of 2.9%, amounting to Rs 7,853 crore. Profitability was also impacted, with the company's consolidated PBDIT falling by 20.2% to Rs 1,694 crore from Rs 2,121 crore in the previous year. This decline resulted in a PBDIT margin of 18.9%, down from 23.2% in the corresponding quarter of the last financial year.
Q1 results today: Bajaj Auto, L&T Finance among 24 companies to announce earnings on Tuesday
24 firms, including Bajaj Auto, L&T Finance, Just Dial, DB Corp, and BMW Industries, will announce Q1 results. Bajaj Auto anticipates a robust Q1 with 7% volume increase, expanded EBITDA margins, and 17% profit growth. Century Textiles, Deccan Bearings, Jubilant Ingrevia, Network18 Media also to be monitored. Bajaj's 14% sales growth echoes March quarter success.
Q1 results this week: RIL, Paytm, Infosys, Jio Financial among 418 companies to announce quarterly earnings
Several widely followed companies, including Jio Financial, Paytm, Bajaj Auto, Asian Paints, LTIMindtree, Infosys, Reliance Industries, Wipro, Union Bank of India, Kotak Mahindra Bank, Tanla Platform, Tata Technologies, and YES Bank, will be releasing their June quarter report cards this week.
Grasim Q4 Results: Net profit jumps 39% YoY to Rs 1,908 crore; revenue rises 13%
Grasim Q4 Results: The net profit stood at Rs 1,369 crore in the last year quarter. Revenue from operations increased 13% year-on-year to Rs 37,727 crore in the reporting period, compared with Rs 4,873 crore in the corresponding period of previous year.
Asian Paints shares gain 3% after Q4 results. Should you buy, sell or hold?
Asian Paints Share Price: Asian Paints shares rose 3% to Rs 2,792 despite Q4 results missing estimates, with a 2% YoY increase in net profit to Rs 1,257 crore. Brokerages maintain a 'sell' view due to anticipated decline.
SRF Q4 Results: Net profit falls 25% to Rs 422 crore
Chemical firm SRF Ltd on Tuesday reported a 25 per cent decline in its net profit to Rs 422 crore for the quarter ended March 2024 on lower income. "The company's Profit After Tax (PAT) decreased 25 per cent from Rs 562 crore to Rs 422 crore in Q4FY24 when compared with the corresponding period of the last year," SRF said in a statement.
Q3 results today: Hindalco Industries, BHEL, IRCTC among 500 companies to announce earnings
On Monday, over 299 companies announced their December quarter earnings which included the likes of NHPC, Coal India, 63 Moons Technologies, Allcargo Logistics, Balmer Lawrie Investments and Galaxy Surfactants.
Q3 results today: L&T, Bajaj Finserv, Dr Reddy's among 95 companies to announce earnings
Q3 results today: Tuesday marks the announcements of December quarter earnings for 95 BSE listed companies. Larsen & Toubro, Bajaj Finserv, and Dr Reddy's Laboratories are the key companies to watch. Other important results include Cochin Shipyard, Blue Star Company, Dwarikesh Sugar Industries, KEC, Mahindra & Mahindra Finance, KPIT Technologies, NDTV, PB Fintech, Star Health and Allied Insurance, Vaibhav Global, VIP Industries, and Voltas.
Q3 results this week: ITC, Adani Ports, Bajaj Finance, IndiGo, SBI, Tata Motors and others
ITC, Bajaj Finance, NTPC, Adani Green Energy, Bharat Electronics, Punjab National Bank, GAIL, Bharat Petroleum, Corporation, Vodafone Idea, Marico, Petronet LNG, Nippon Life India Asset Management, Tata Investment Corporation, Piramal Enterprises, R R Kabel, Aditya Birla Sun Life AMC, Maharashtra Seamless, Nuvoco Vistas Corporation, Godfrey Phillips India, among others will report their December quarter numbers on Jan 29
Dalmia Bharat Q3 Results: Cons profit up 22% YoY on volume growth, lower costs
Dalmia Bharat’s consolidated net profit rose over 22% on year to 266 crore rupees in the December quarter helped by higher volumes and lower commodity prices. Consolidated sales were over 7% higher at 3,600 crore rupees.
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