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[hfe_template id='11223'] [ad_1] Indian equity markets cheered the 50 bps rate cut by the US Fed as the indices scaled to record highs. The apprehension of a slowdown in growth was eased slightly after the lower-than-expected US jobless claims. Despite overall bullish sentiments, the rally failed to completely trickle down to the broader markets as the number of smallcap stocks offering double-digit returns saw a sharp drop. During the week, only 34 smallcaps gained in double digits, compared with 61 stocks in the preceding week. Neogen Chemicals was the top gainer from the smallcap pack with nearly 51% returns, followed by Reliance Infrastructure (49%), Ravindra Energy (28%), and Concord Biotech (25%). In the midcap segment, three stocks including Max Healthcare, Thermax and The Phoenix Mills have offered double-digit returns. While Max Healthcare has gained 17.6%, Thermax and The Phoenix Mills were up 13% and 11%, respectively. From the Sensex pack, Mahindra and Mahind...

[hfe_template id='11223'] [ad_1] The first quarter earnings season is underway and as many as 88 companies will announce their quarterly numbers on Thursday. Key results to watch out for include ITC, Sun Pharma, Tata Motors, Adani Enterprises, Adani Ports, Zomato and Dabur. Apart from the above, companies like AB Capital, Clean Science Tech, Emami, Escorts Kubota, Indegene, Le Travenues Technology, Max Healthcare, RailTel Corp, Tube Investments among others will also declare June quarter results. ITC Q1 expectations Diversified conglomerate ITC Ltd is expected to see a healthy revenue growth during the first quarter ended June 2024, led by cigarettes and hotels businesses.Revenue for the April-June 2024 period is seen growing 6% year-on-year, according to an average estimate of four brokerages. Meanwhile, net profit is likely to rise 3% year-on-year for the reporting period. While the cigarettes, hotels and FMCG businesses are estimated to report decent growth during the...