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The engineering service provider also saw its Q4 revenue at Rs. 905.9 crore, down by 0.9% QoQ. This the first time after Q1 of FY21, where the company saw a sequential revenue decline. For the full fiscal its revenue grew by 13% on-year at Rs 3,552 crore.
Tata Consumer Q4 results: Tata Consumer to announce Q4 results with expected revenue growth in various segments. Sharekhan predicts volume growth in the domestic tea business. Nuvama expects strong performance from Capital foods. US Coffee volumes may remain steady.
Markets anticipate election impact. May series will be volatile, says Rahul Ghose of Hedged.in. He says a stock-specific approach is advisable now and that he prefers Hindustan Unilever, Elecon and Just Dial and recommends exiting Exide. Nifty\’s crucial levels are at 21,700-21,800, 22,000. PSU banks are favored while Nifty Pharma index is pivotal at 18,700. IPCA labs strong.
Expensive valuations make the FMCG stock less appealing for Motilal Oswal which has a \’Neutral\’ rating on the counter. Its target estimates a 2.5% downside over Thursday\’s closing price.
Investors monitor Sensex behavior during Lok Sabha election. FPIs sell Indian stocks. Hope for a good monsoon. Structural growth opportunity in Indian equities. Tata Steel, JSW Steel, Tata Motors, and HAL among recommended stocks.
Tata Communications Q4 Results: The Board of Directors has also recommended a final dividend of Rs 16.70 per share for the financial year ended March 31, 2024. As per the latest financial report submitted to the exchanges, the company\’s EBITDA rose by 2% to Rs 1,056 crore in contrast to the EBIT margin, which declined from 23% to 19%.
Sanjiv Bhasin says the \”Nifty now looks poised to regain 22,500, 22600. So, largecaps should be the biggest beneficiaries as we plough back and metals and commodities are leading. But Elon Musk\’s visit is not just symbolic, it is a showcase of the potential of what our economy holds for investing after China plus one will be even bigger icing on the cake.\”
Jhunjhunwala owned about 1.8% stake in Tata Communications towards the end of December quarter, pared the stake in the company by 0.3%, bringing the overall holding to 1.6% at the end of March quarter.
March quarter earnings season starts with Tata Communications and ICICI Lombard set to announce. Boards to discuss dividends. High-frequency indicators point to strong demand momentum. Key focus on data gross revenue, DPS revenue, and EBITDA margins.
\”The BJP manifesto has a strong positive read-through for Indian equities,\” said Seshadri Sen, head of research at Emkay Global Financial Services. \”Railways, defence, housing mortgages, tourism, and aviation are direct beneficiaries; while textiles and pharma API are probable winners.\”
\”The BJP manifesto has a strong positive read-through for Indian equities,\” said Seshadri Sen, head of research at Emkay Global Financial Services. \”Railways, defence, housing mortgages, tourism, and aviation are direct beneficiaries; while textiles and pharma API are probable winners.\”
\”While the revenue was lower than our expectations, the margin improvement and deal wins remained robust, driven by better utilisation of resources,\” said Sumit Pokharna, IT analyst at Kotak Securities. \”In the near term, the stock is likely to move up as the numbers are good.\”