US Stock Reports, Quotes and News
Market volatility expected amid election results, with focus on stock-specific gains in PSUs and metal counters like NALCO, NMDC, SAIL, Vedanta, Coal India. Midcaps show resilience, offering opportunities in metals, ABB, Siemens, Bharat Forge, Thermax, and FMCG.
Nilesh Shah of Kotak AMC discusses market performance, FII selling, and opportunities in FMCG, private banks, and IT sectors. He advises focusing on quality and valuation, avoiding momentum stocks, and being cautious about PSU counters with limited floating stock. Shah says: \”Going forward, events will determine market, geopolitical risk, and the US Fed\’s pivot will impact FPI flows.\”
The PAT for the quarter ended March 2024 dropped 4% year-on-year (YoY) to Rs 13.55 crore against Rs 14.24 crore for the same period, a year ago while the revenue from operations stood at Rs 131.70 crore, up by approximately 10% from Rs 120 crore in Q4FY23.
The PAT for the quarter ended March 2024 dropped 4% year-on-year (YoY) to Rs 13.55 crore against Rs 14.24 crore for the same period, a year ago while the revenue from operations stood at Rs 131.70 crore, up by approximately 10% from Rs 120 crore in Q4FY23.
The PAT for the quarter ended March 2024 dropped 4% year-on-year (YoY) to Rs 13.55 crore against Rs 14.24 crore for the same period, a year ago while the revenue from operations stood at Rs 131.70 crore, up by approximately 10% from Rs 120 crore in Q4FY23.
The PAT for the quarter ended March 2024 dropped 4% year-on-year (YoY) to Rs 13.55 crore against Rs 14.24 crore for the same period, a year ago while the revenue from operations stood at Rs 131.70 crore, up by approximately 10% from Rs 120 crore in Q4FY23.
Fitch said its IDR ratings reflect expectation of a moderate probability of extraordinary state support from the government relative to large state banks.
The market capitalisation of BSE-listed companies slipped below the Rs 400 lakh crore mark to Rs 395.65 lakh crore. The volatility index India VIX also spiked 5% to 17.85 levels.
Interest income grew to Rs 28,113 crore during the period under review, from Rs 23,849 crore in the corresponding quarter a year ago.
SBI, Bank of Baroda and PNB closed with gains of over 1% each. while selling was seen in IDFC First Bank, Federal Bank and HDFC Bank, which fell over 1% each.
The PAT range is expected between Rs 1,287 crore and Rs 1,900 crore. The lower band is estimated by Axis Securities while the higher band is by Anand Rathi. As for revenue, the range lies between Rs 8,921 crore as expected by Axis and Rs 9,402.5 crore spelt out by Anand Rathi.
JSW Energy Share Price: JSW Energy shares surged 5.8% on BSE after Q4 results. Brokerages raised target prices, with Jefferies maintaining a buy rating at a Rs 690 target price.