CE INFO SYSTEMS LTD Q1 RESULTS
More confident and positive about 2025 compared to 2024; 2026 will be even better: TCS CEO K Krithivasan
TCS leaders are confident about future growth and advancements. They highlight investments in AI, talent development, and technology modernization. Growth opportunities in client decision-making, regional markets, and internal efficiency boosts from Generative AI are anticipated. Positive trends in North America banking and sizable hiring of new employees are also expected to enhance productivity.
Tata Elxsi shares crack 8% after brokerages cut target price post Q3 results
Tata Elxsi share price plunged 7.9% after reporting a 3% decline in net profit for Q3 FY24. The company's revenue increased by 3% YoY, while the automotive sector faced significant challenges, impacting new deals. Tata Elxsi experienced project delays and target price cuts from brokerage firms.
IREDA Q3 PAT up 27% YoY backed by higher income
Indian Renewable Energy Development Agency (IREDA) Ltd’s net profit for Q3 grew by 26% to Rs 425.4 crore, driven by higher interest income, increased loan sanctions, and lower borrowing costs. Revenue rose 36% to Rs 1,698 crore. The company's loan portfolio expanded to Rs 68,960 crore, supported by increased disbursements and improved asset quality.
Tata Elxsi Q3 Results: Profit falls 3% YoY to Rs 199 crore, revenue rises 3%
Tata Elxsi Q3 Results: Revenue from operations rose 3% YoY to Rs 939 crore in Q3, compared to Rs 914 crore in the same period last year. Operating EBITDA for the quarter stood at Rs 247 crore, with margins at 26.1%. Profit before tax came in at Rs 26 crore, reflecting PBT margins of 26.3%.
Dark clouds loom! Q3 results could mark a downgrade hattrick for India Inc
Nuvama maintains a defensive portfolio, overweight in private banks, insurance, and sectors like pharma and cement, while underweight in industrials and PSU banks due to potential downgrades. CLSA favors commodities and insurance, while underweighting IT and industrials. CLSA also increased its focus on staples, adding Tata Motors, NTPC, Nestle, and Britannia, and removed HDFC Bank from its portfolio.
MobiKwik Q2 Results: Firm posts net loss of Rs 3.5 crore; revenue jumps 43% YoY
MobiKwik Q2 Results: One MobiKwik reported a net loss of Rs 3.5 crore in the September 2024 quarter, compared to a profit of Rs 5.2 crore in the September 2023 quarter. Revenue rose 43% YoY to Rs 291 crore. The company added 6 million users and 1.4 lakh merchants in the quarter. MobiKwik shares rose over 100% from their IPO price.
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One MobiKwik Q2 Results: Shares surge 3% ahead of fintech's maiden earnings announcement since listing
Shares of One MobiKwik Systems will be in focus as the company announces its first quarterly earnings since listing. MobiKwik with significant revenue and net profit growth, aims to expand its digital payments, credit, and investment services. Experts suggest cautious profit booking given high listing gains.
FIIs bet $1 billion on IT stocks before Q3 results. Does it signal a happy new year?
Foreign institutional investors have significantly increased their investment in Indian IT stocks, anticipating improved revenue growth driven by macroeconomic stability and the anticipated US rate cuts. Analysts predict strong performances from HCL Tech, Coforge, and Persistent, with Infosys, Wipro, and LTIMindtree being top picks.
Motilal Oswal picks HCL Technologies, LTIMindtree among 8 stocks ahead of Q3 results
Infosys is projected to achieve 1% sequential growth in constant currency terms, with a target price of Rs 2,250, reflecting over 20% upside from current levels, according to Motilal Oswal. Despite seasonal furloughs slightly affecting margins, the company is expected to maintain its annual growth guidance of 3.75%-4.5%, supported by strong deal TCV and positive demand trends.
Asset light & annuity income: 5 stocks from new services sector; growing at steady rate, with upside potential of up to 45% in 1 year
A service provider whose services are used by literally every bank in India. A facilities management firm with ties to new age logistic companies as well as builders, to whom it supplies integrated HR solutions. These are new kinds of services that have grown sharply in the past few years, eventually getting these companies listed on the exchange. They will surely face challenges with the emergence of newer technologies seeking to further reduce the use of manpower. But at the same time, the overall market for their services will only grow as it is used by more and more customers from every segment.
Ahead of Market: 10 things that will decide stock market action on Tuesday
Indian markets declined on Monday, snapping a five-day winning streak. Consumer stocks, led by Godrej Consumer's weak Q3 forecast, dragged the indices lower. Investors are awaiting IIP and inflation data for further market direction.
India's CE Info Systems reverses investment decision after investor feedback
Indian digital map provider CE Info Systems on Monday said it has reversed its earlier decision of investing about 350 million rupees ($4.13 million) in a new company floated by its outgoing CEO, after receiving investor feedback.
Only three words – bullish, selective, and diversified. 5 mid-cap stocks from different sectors with an upside potential of up to 32%
As the market recovers from a phase of volatility, investors with high exposure to mid-cap stocks will face the same old dilemma. Should I sell? Should I buy more? The first question arises because your portfolio would have seen a big decline in October-November. So, as the market recovers, the first instinct is to suspect the rally – and also to protect gains. Now to question two: In the past 10 years, every time a correction has taken place, the recovery phase has taken the Nifty and broader market to higher levels. So, there are investors who have taken a risk at the time of recovery and have gained significantly. Now, beyond all this, a key point: Before you decide to buy or sell, be clear about what you are buying/selling – and why.
Buy MapMyIndia, target price Rs 2,810: JM Financial
JM Financial has recommended buying C.E. Info Systems (MapMyIndia) with a target price of Rs 2810. The company reported financial growth and strategic changes. C.E. Info Systems will separate its B2C business and take a 10% stake in a new entity led by CEO Rohan Verma. Promoters hold a 51.67% stake.
MapmyIndia withdraws plan to invest Rs 35 crore in B2C venture amid concerns raised by minority shareholders
The chief executive officer (CEO) said that although MapmyIndia's board approved the investment, it will not take place due to the concerns of the minority investors. Instead, Verma will be using his own funds to run the venture. However, the parent company, CE Info Systems, will get a 10% stake in the venture.
MapmyIndia shares plunge 14% in 2 days, hit 52 week low. Here's why
MapmyIndia share price: C.E. Info Systems (MapmyIndia) shares plunged 14% after CEO Rohan Verma announced plans to start a new B2C company and acquire a 10% stake in it. Verma will step down as CEO and become a non-executive director. The company will invest Rs 35 crore in the new venture.
These 10 mid-cap stocks with ‘Strong Buy’ & ‘Buy’ recos can rally over 32%, according to analysts
Why are mid- and small-cap stocks seeing more selling pressure? The answer lies in a couple of things – and their coming together at the same time. First is the approaching deadline to implement measures announced by the market regulator in the early part of the year to curb excessive speculation in the mid-cap segment. The second: Historically, mid-caps tend to weather the early part of a bearish phase well – but if the correction persists for a period of time, then they all come under pressure. Should the correction be bought? Sure. But it depends on what you are buying and what your time frame is.
MapMyIndia shares drop 8% on weak Q2 earnings
Revenue from operations rose 13.8% year-on-year (YoY) to Rs 103.67 crore in Q2 FY25. Profit before tax was Rs 41.06 crore, an 8.18% decline from Rs 44.7 crore in the same quarter of the previous fiscal.
These mid-cap stocks with ‘Strong Buy’ & ‘Buy’ recos can rally over 27%, according to analysts
As the broader indices recovered this week, market breadth also saw an improvement. If the indices register a gain for a third straight trading session, we may have begun the process of forgetting what happened in the market in October – especially to mid-caps in the second phase of correction. Why are we mentioning this? Because there is a high probability that some part of domestic retail money will return to the market. And domestic money has a liking for mid-caps. Nothing wrong with that. Just remember: Stick with quality names in the mid-cap space and continue to be selective. ET Screener, powered by Refinitiv’s Stock Report Plus, lists quality stocks with high upside potential over the next 12 months, and having an average recommendation rating of “Buy” or "Strong Buy". This predefined screener is only available to ET Prime users.
Titagarh Rail Q2 Results: PAT jumps 14% YoY to Rs 81 crore, revenue up 13%
Titagarh Rail Q2 Results: Titagarh Rail Systems posted a 14% increase in consolidated net profit for the September quarter, reaching Rs 81 crore. Revenue from operations rose by 13% to Rs 1,057 crore. While the freight rail systems revenue grew to Rs 1,000 crore, revenue from passenger rail systems dropped to Rs 57 crore. Total expenses were Rs 953 crore.
Persistent Systems shares rally 6% after reporting 23% YoY jump in Q2 PAT
Shares of Persistent Systems rose by 5.7% following its Q2 results. The company reported a 23.4% increase in profit after tax, reaching Rs 325 crore year-on-year. Revenue saw a 20% rise, standing at Rs 2,897.15 crore. The total expenses for the quarter also increased compared to the previous fiscal year.
Zomato Q2 Results Preview: Up to 662% YoY surge in PAT seen, revenue may rise by up to 80%
Zomato is set to report a substantial increase in its September quarter net profit, with estimates ranging from 585% to 662% year-on-year growth. Revenue is also expected to rise by 61% to 80%. The earnings announcement will be made on Tuesday. This significant growth is anticipated despite mixed quarterly changes in profit and revenue.
These mid-cap stocks with ‘Strong Buy’ & ‘Buy’ recos can rally over 25%, according to analysts
The Nifty and Sensex are correcting. A closer look, however, reveals that the correction is not as strong as it could have been. The correction has to be seen in the context that, at this time of the year, markets anyway tend to be more volatile. Yes, companies that are disappointing the street with their Q2 numbers are getting punished. But it is not leading to strong across-the-board weakness. At this point, there is a high probability that, given there are no global hiccups, this phase of correction will pass without major damage to individual stocks. ET Screener, powered by Refinitiv’s Stock Report Plus, lists quality stocks with high upside potential over the next 12 months, and having an average recommendation rating of “Buy” or "Strong Buy". This predefined screener is only available to ET Prime users.
These mid-cap stocks with ‘Strong Buy’ & ‘Buy’ recos can rally over 25%, according to analysts
With the Q2 earnings season kicking off, the next few days will be critical for the market. So, while being cautiously bullish, also be nimble-footed when it comes to trading positions. Remember that valuations are not cheap – everything is priced to perfection. As for the long-term trend – unless something hugely negative rocks the global markets – the probability of the mid-caps outperforming the broader market continues to be high. ET Screener, powered by Refinitiv’s Stock Report Plus, lists quality stocks with high upside potential over the next 12 months, and having an average recommendation rating of “Buy” or "Strong Buy". This predefined screener is only available to ET Prime users.
Railway sector Q1 review: Average PAT decline 16% QoQ, revenue down 24%. What are your cues?
The railway sector reported an average 16% drop in net profits and a 24% revenue decline for the quarter ending June 30, 2024. Ten out of thirteen companies saw decreased profits, and all experienced revenue declines. Stocks have fallen by up to 32% from their 52-week highs, raising concerns about performance.
MapmyIndia shares jump 7% as Q1 profit rises 12% YoY
Shares of CE Info Systems-owned MapmyIndia on Monday surged 7% to its day’s high of Rs 2,380.35 after the company on Friday reported a 12% year-on-year (YoY) jump in its profit after tax (PAT) at Rs 35.9 crore for the June quarter.
Info Edge Q1 Results: Cons PAT jumps 47% YoY to Rs 233 crore, revenue rises 8%
The company's standalone net profit increased by 16% year-on-year to Rs 232 crore in the April-June quarter, compared to Rs 200 crore in the same period last year. Standalone revenue also grew by 9.3% to Rs 639 crore during the quarter, up from Rs 584 crore in the corresponding quarter of the previous fiscal year.
Q1 results today: L&T, Axis Bank among 67 companies to announce earnings on Wednesday
67 companies, including L&T, Axis Bank, Bajaj Finserv, and SBI Life, will release April-June 2024 results. L&T expects 8% growth. Axis Bank's net interest income is up 11%, with net interest margins down; it reported Rs 7,130 crore profit in March quarter compared to last year's loss. Results from various companies are anticipated.
MapmyIndia's Q4 net profit rises 35% to Rs 38 crore
Homegrown navigation firm CE Info systems, which owns the digital map services platform MapmyIndia, reported a 47% jump in its consolidated operating revenue to Rs 106.9 crore. The company's board approved a dividend of Rs 3.5 per equity share.
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