KAKATIYA TEXTILES LTD Q2 RESULTS
Market looking at Q3 result season, Budget; not much movement likely in next 2-3 weeks: Harsha Upadhyaya
Kotak AMC's CIO, Harsha Upadhyaya, anticipates modest earnings growth in FY25, particularly in the second half. Market volatility is expected to persist in the short term, influenced by Q3 results and budget expectations. While consumption remains weak, Upadhyaya favors IT and pharma over textiles due to cyclical uptrends and growth opportunities.
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.
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.
Possible outliers? 1 mid- & 5 large-cap stocks from different sectors with an upside potential of up to 43%
When it comes to Q2 earnings, there is no debate on the street. There is a rare and clear agreement that they have been disappointing. Most companies – across sectors – have reported muted growth. Is this cyclical? Or an indication that the pace of growth is slowing? The answer to this will be clear in the next few months. But even in this phase, there are companies that have shown improved performance. And when we say improved, we mean not only YoY, but also QoQ. Is the performance better because of industry factors? Or because individual companies did better thanks to internal efficiency?
Gokaldas Exports Q2 Results: Net profit rises 18% to Rs 28 crore
Bengaluru-headquartered apparel exporter Gokaldas Exports posted an 18.77% rise in consolidated profit at Rs 28.16 crore for the quarter ended September 30, mainly led by exports. The company had posted a net profit of Rs 23.71 crore for the same quarter a year ago.
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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.
Raymond Lifestyle Q2 Results: Profit slides 70% YoY to Rs 42 crore
Raymond Lifestyle witnessed a significant 69.72% drop in its consolidated net profit for Q2 FY'25, reaching Rs 42.18 crore. This decline is attributed to subdued demand and inflationary pressures. Despite this, the company remains optimistic about the future, citing recent positive trends in the festive and wedding season and plans for retail expansion and new product launches.
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.
Arvind Q2 Results: Net profit slides 25% YoY at Rs 63 cr on to higher expenses, deferred tax provision
Consolidated revenue from operations in the second quarter stood at Rs 2,188.31 crore, as against Rs 1,921.73 crore in the year-ago period, it added.
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.
Volatility has many shades: 5 mid-cap stocks from different sectors with an upside potential of up to 42%
After a relentless rally, every segment of the market is witnessing a correction. In the case of mid-cap stocks, one could call it many things: Profit-booking, correction, rational shifting, consolidation. Why so? Because, the way stocks are moving, there is no single trend in the mid-cap space. Some are falling as they rose too fast, Some literally have no fundamental strength – like the company under bankruptcy threat still quoting at a half-a-billion-dollar market cap. In fact, many sub-segments are being formed among the mid-caps – and given the mix of head and tailwinds, this trend is likely to strengthen in the next two to three months. Given the scenario, the only way forward is to focus on managing risks.
Arvind's Q1 Results: Net profit drops 40% YoY as inflationary pressures weigh
Arvind Ltd Q1 Results: Indian clothing retailer Arvind reported a 40% drop in first-quarter profit, with net profit falling to 393.1 million rupees. Revenue from operations dipped by 1%, and the core textile segment saw a 5% decline. Inflation and illegal workers' unrest contributed to lower consumer spending. The company's shares fell 2.8% post-results.
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.
Welspun Living Q1 Results: Net profit jumps 14% YoY to Rs 185.95 crore
Home textiles major Welspun Living Ltd on Wednesday reported a 14.3 per cent increase in consolidated net profit to Rs 185.95 crore in the June 2024 quarter. The company posted a consolidated net profit of Rs 162.73 crore in the quarter last fiscal, Welspun Living said in a regulatory filing.
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.
As Modi 3.0 begins, where the economy stands, where it's headed
Narendra Modi is set to begin his third term as PM with a full-strength NDA team, amidst optimism for India's economic future. RBI Governor Shantikanta Das highlighted the country's robust economic growth, strong manufacturing sector, recovering rural demand, and promising investment activity. India's external sector remains resilient, with positive growth prospects ahead.
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.
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.
Raymond Q3 Results: Profit almost doubles to Rs 185 crore
Diversified group Raymond on Thursday said its consolidated net profit in December quarter FY24 almost doubled to Rs 185.39 crore on strong growth in real estate and branded apparel businesses.
Arvind Q3 Results: Firm posts lower revenue for 5th quarter on tepid denim demand
Indian retailer Arvind Ltd posted on Tuesday a revenue drop for the fifth consecutive quarter, dampened by lacklustre prices of woven products and lower demand for denim.
Bombay Dyeing Q2 Results: Net loss narrows down after taxes reduced to Rs 51.99 crore
Its revenue from operations fell 40.87 per cent to Rs 440.60 crore during the quarter under review as against Rs 745.22 crore in the year-ago period. Total expenses for the September quarter were at Rs 581.11 crore, down 33.48 per cent. Bombay Dyeing & Manufacturing's total income in the September quarter was Rs 457.12 crore.
Arvind Ltd Q2 Results: Net profit dips 34% to Rs 84 crore
Revenue from operations was down 11.43 per cent at Rs 1,921.73 crore during the quarter, as against Rs 2,169.81 crore in the corresponding period of the previous fiscal.
Welspun Living Q2 Results: Profit surges on higher demand for home linens
The company's consolidated net profit rose to 1.97 billion rupees ($23.6 million) from 86.7 million rupees in the corresponding quarter a year ago, the home textile maker said in an exchange filing.
Q2 results this week: HDFC Bank, HUL, ITC, ICICI Bank, Kotak Bank, Wipro, Paytm and more
In the coming week, financials are set to dominate the earnings with big private banks including ICICI Bank, Kotak Bank, and HDFC Bank set to report their results. Apart from them, several Nifty heavyweight across sectors are slated to announce their earnings. Here's a look
Q2 results this week: TCS, Infosys, HCL Tech, Avenue Supermarts, Delta Corp and others
Other than TCS, National Standard (India), Signatureglobal (India), Delta Corp, Samhi Hotels, Zaggle Prepaid Ocean Services, Plastiblends India, Justride Enterprises, and Sanathnagar Enterprises will also announce their Q2 results on October 11.
Q4 results, Fed minutes among 7 factors to drive D-Street traders' strategy in a volatile market this week
Volatility is expected in the Indian stock market as investors react to RBI's decision to recall Rs 2,000 banknotes. A number of companies will release their quarterly results in the coming week which should drive individual stock prices. The US Federal Reserve will reveal the minutes of its meeting and discussions around the raising of the debt ceiling in the US will be closely watched. The week will also see the expiry of the May derivative series, which will likely create market volatility.
Filatex Fashions hits upper circuit as company returns to black in Q2
A few days earlier, the company told bourses that it proposes to acquire 51% of the equity shares capital of Isabella (Pvt.) Limited, a Sri Lankan manufacturer of apparel and related products player.
Century Textiles back in black with Rs 84 cr net income in Q4
For the full financial year, the company which is into textiles, pulp and paper and realty businesses, booked Rs 200 crore in net income, up four-fold from Rs 50 crore in the pandemic-ravaged FY21.
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