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[hfe_template id='11223'] [ad_1] Kaynes Technologies shares rallied over 40% in the last three trading sessions on BSE after the firm reported an upbeat January-March quarter performance. Meanwhile, in today's trade, the stock has surged 12% to hit a 52-week high of Rs 3,638.4. In Q4 FY24, Kaynes Tech's consolidated net profit jumped 96.8% year-on-year (YoY) to Rs 813 crore, while revenue from operations increased 74.8% YoY to Rs 637.3 crore. The growth was led by strong demand across all verticals, especially industrial & EV, aerospace, outer-space, and strategic electronics and railways segments. The company's EBITDA grew 60.5% YoY to Rs 952 crore in Q4FY24, but the EBITDA margin contracted by 134 basis points (bps) to 15%. Its order book stood at Rs 4,115 crore in FY24 as against Rs 2,648 crore in FY23. Should you buy, sell, or hold Kaynes Technologies' stock? Here's what analysts say: JM Financial JM Financial maintained its 'Buy' rati...

[hfe_template id='11223'] [ad_1] Shares of Marico jumped 10% on BSE in Tuesday's trade to the day’s high of Rs 583 after the FMCG major on Monday reported a 5% year-on-year (YoY) jump in its March quarter consolidated net profit at Rs 320 crore. The revenue from operations rose merely 1.7% YoY to Rs 2,278 crore from Rs 2,240 crore in the year-ago quarter although the company managed to trim its expenses to Rs 1,894 crore in Q4FY24 from Rs 1,970 crore in Q3FY24 and Rs 1,907 crore in Q4FY23. Brokerages share a mixed view on the stock post the March quarter results. Here’s what they have to say: Motilal Oswal Motilal Oswal says that the improvement in rural market, market share gain, accelerated growth in foods and premium personal care, healthy growth in international business, and the normalization of price cuts should help MRCO deliver better revenue in FY25-26E. They added that Marico has also been sustaining double-digit EBITDA growth. They have a ‘buy’ rating main...

[hfe_template id='11223'] [ad_1] Shares of CarTrade Tech on Tuesday rose 10.5% to the day’s high of Rs 896 on BSE after the company reported its highest-ever revenue of Rs 161 crore in Q4. The profit after tax for the reported quarter stood at Rs 24.97 crore, resulting in year-on-year (YoY) growth of 43%, while the company had reported a consolidated revenue of Rs 116 crore. Further, the multi-channel auto platform claimed to receive the highest ever average monthly unique visitors for Q4FY24, at 7 crore and more than 92% of which was organic. Here’s how brokerages are viewing the results: Nomura Nomura expects a healthy 20% revenue CAGR (FY24-26F) to continue in the consumer/OLX businesses as OEMs spend more on higher new car inventory and stronger value proposition with OLX in the used car segment. Better execution in OLX may drive further upside.Nomura has maintained its ‘buy’ rating on the stock with a target of Rs 982. JM Financial While new auto segment growth (c.1...