GAGA Share Market News

[hfe_template id='11223'] [ad_1] Online insurance aggregator PB Fintech's shares climbed 5.2% to Rs 1,360 in Thursday's trade on BSE following a large block deal involving 33 lakh equity shares. Around Rs 428 crore worth of equity shares, representing a 0.73% stake in the company changed hands in this significant transaction. The deal was executed at an average price of Rs 1,297 per share, slightly above the stock's previous close of Rs 1,293.35. The specific buyers and sellers involved in the transaction remain undisclosed. Also Read: TDP-linked stocks soar up to 32% in 2 days after strong election performance Meanwhile, by 12:12 pm, the stock was trading marginally 0.5% lower at Rs 1,287 on BSE. Despite this, the stock has rallied 106% in the last 12 months, compared to a 19% gain in the Sensex.In Q4 FY24, the firm reported a net profit of Rs 60.19 crore, as against a loss of Rs 9.34 crore reported by the company in the year-ago period. The consolidated rev...

[hfe_template id='11223'] [ad_1] Shares of R R Kabel surged nearly 6% on BSE to the day’s high of Rs 1,820.80 after the company reported a profit after tax of Rs 78.7 crore, up by 20.6% year-on-year (YoY). The company's revenue also rose 15.7% YoY to Rs 1,754 crore for the fourth quarter of FY 24, while EBITDA margin decreased by about 10 bps YoY to 6.6%. The company stated that its segment profit also increased by 43% in FY24 compared to FY23 due to cost reductions and operational efficiencies. Here is what brokerages say: Motilal Oswal R R Kabel has demonstrated its ability to grow at a higher rate than peers, with its cables & wires segment recording a CAGR of 21%/24% in revenue/EBIT over FY19-24. Management also remains optimistic for cables & wires demand growth in the country and indicated that its volume growth would be 20% in FY25. Motilal reiterated its 'buy' rating on the stock with a target price of Rs 2,200. Citi Group The global brokerage...

[hfe_template id='11223'] [ad_1] Shares of Suzlon Energy dipped 2% today on BSE to the day's low of Rs 45 after the company reported a decline of 21% year-on-year (YoY) in Q4 net profit to Rs 254 crore. However, brokerages see an upside to Rs 54 for the stock. The consolidated net profit in the 2023-24 fiscal year also declined to Rs 660 crore from Rs 2,887 crore a year earlier while total income rose to Rs 2,207.43 crore in the quarter from Rs 1,699.96 crore in the same period a year ago. Despite a decline in net profit for the fourth quarter, brokerages are bullish on the stock as they predict a 20% upside potential for the stock. Here's what analysts have to say: ICICI Securities It has been a real turnaround year for Suzlon Energy (Suzlon), with net debt free, strong execution growth of 10% to 710 MW and order inflow of 3.1GW in FY24. Suzlon has reported a strong order inflow of 3.1GW in FY24 and 402MW in FY25-YTD, robust order backlog of 3.3GW as of date (5x...

[hfe_template id='11223'] [ad_1] Indian benchmarks equity indices closed flat on Friday, but logged their best week since early February, driven by gains in financials and metal stocks. In today's trading session, shares of NTPC, Cochin Shipyard, Hindustan Copper, Karnataka Bank, and Narayana Hrudayalaya among others will be in focus due to various news developments and quarterly earnings. NTPC NTPC reported a consolidated net profit of Rs 6490 crore in Q4 of FY24, up 33% from Rs 4871 crore in the year-ago period. The profit of the company improves amid higher electricity generation and a spike in power demand. Revenue from operations in the March quarter was Rs 47,622 crore, rising 7.6% from Rs 44,253 crore reported last year. Torrent Pharma Torrent Pharmaceuticals consolidated net profit surged 56.45% to Rs 449 crore in Q4 FY24 as compared with Rs 287 crore recorded in Q4 FY23. Revenue from operations rose 10.2% YoY to Rs 2,745 crore in the quarter ended 31 March 2...

[hfe_template id='11223'] [ad_1] Shares of PSU stock Bharat Heavy Electricals (BHEL) fell up to 8% on BSE on Wednesday to Rs 295 after the company reported an over 25% year-on-year (YoY) decline in its consolidated net profit to Rs 489.62 crore in the March quarter. Kotak Equities sees a downside to Rs 75 for the stock while other brokerages are still optimistic about the future. “BHEL’s results were weak on execution and working capital, making it a net debt company. With ordering at 3X of revenues and potentially peaked out, the focus would shift to the pace of execution and margin improvement. We see impediments to both on account of high dependence of vendors beyond BTG work. Execution is also key to working capital reduction given revised terms linked more to milestones,” said a report by Kotak Institutional Equities. The brokerage maintained a ‘sell’ call on the stock while revising the target to Rs 75. Also read: Paytm Q4 Results: Loss widens to Rs 550 crore; reve...

[hfe_template id='11223'] [ad_1] Equity markets closed higher on Saurday as buying in index majors helped the indices rebound from early lows. In today's trade, shares of Godrej Properties, Whirlpool, Solara Active Pharma, TCS, Nestle India among others will be in focus due to various news developments and quarterly earnings. Delhivery Logistics player Delhivery has narrowed its losses to Rs 69 crore in the fourth quarter ended March 2024. Bandhan Bank Bandhan Bank reported a net profit of Rs 54.62 crore for the quarter ended March 2024, which was down from Rs 808 crore in the year ago period. Whirlpool Whirlpool posted net profit of Rs 79 crore for the quarter ended March 2024. Revenue from operations came in at Rs 1,734 crore. Read more: Here's the trade setup for today's session VRL Logistics VRL Logistics reported net profit of Rs 21.5 crore in the fourth quarter. Revenue from operations were at Rs 768 crore. India Cements India Cements reported a net los...

[hfe_template id='11223'] [ad_1] Equity indices closed higher for a second straight day on Friday as buying in index majors helped the indices rebound from early lows. In today's special trading session, shares of ZEE, Delhivery, Bandhan Bank, JSW Steel, Concord Biotech among others will be in focus due to various news developments and quarterly earnings. ZEE ZEE Ltd has reported a net profit of Rs 13.35 crore for the quarter ended March 2024, compared with a loss of Rs 196 crore in the same quarter of last year. Delhivery Logistics player Delhivery has narrowed its losses to Rs 69 crore in the fourth quarter ended March 2024. Bandhan Bank Bandhan Bank's net profit fell 93% to Rs 54 crore for the quarter ended March 2024, down from Rs 808 crore a year ago. JSW Steel JSW Steel on Friday reported 64% drop in its consolidated net profit at Rs 1,299 crore for the quarter ended March 2024. Godrej Industries Godrej Industries reported a net profit of Rs 322 crore for t...

[hfe_template id='11223'] [ad_1] Benchmark equities rose on Tuesday as stock markets continued the winning march for the third straight day on the back of gains. In today's trade shares of PFC, Mankind Pharma, Patanjali Foods, Bharti Airtel, Siemens, Cipla among others will be in focus due to various news developments and quarterly results. PFC, Mankind Pharma, RVNL, Dixon, Titagarh PFC, Mankind Pharma, RVNL, Dixon and Titagarh will be in focus as the companies will announce their fourth quarter results today. Patanjali Foods Patanjali Foods posted a 22% drop in its standalone net profit at Rs 206 crore for the quarter ended March 2024, compared with Rs 264 crore in the year-ago period. Bharti Airtel Telecom major Bharti Airtel on Tuesday reported 31% fall in its consolidated net profit at Rs 2,072 crore for the quarter ended March 2024. Siemens The Board of Siemens has approved a scheme of arrangement, under which the energy business will be demerged into a separate...

[hfe_template id='11223'] [ad_1] Equity indices remained unstable on Wednesday as Investors remained on the side-lines due to uncertainty around the election outcome as well as high volatility. In today's trade, shares of SBI, Asian Paints, BPCL, L&T, Bajaj Consumer, WPIL among others will be focused due various news developments and quarterly results. SBI, Asian Paints, BPCL, Indian Overseas Bank Shares of SBI, Asian Paints, BPCL, Indian Overseas Bank will be in focus as the companies will announce their March quarter results today. BSE Leading exchange BSE on Wednesday recommended payment of final dividend of Rs 15 per equity share of face value of Rs 2 each. L&T Infrastructure major Larsen and Toubro (L&T) on Wednesday posted 10% growth in its consolidated net profit at Rs 4,396 crore. Read more: Here's the trade setup for today's session TVS Motor TVS Motor recorded its highest ever revenue and profit in FY2023-24 and the company achieved a mi...

[hfe_template id='11223'] [ad_1] Shares of Britannia Industries rallied 9.4% to Rs 5,193.6 in Monday's trade on BSE despite the FMCG major reporting a 3.6% year-on-year (YoY) decline in net profit to Rs 538.3 crore in Q4 of FY24. On a sequential basis, the net profit saw a decline of 3.2% over Rs 556.39 crore reported in Q3FY24. The revenue stood at Rs 4,126.70, down by 4.2% versus Rs 4,306.89 crore in Q3FY24. For the year ended March 31, 2024, the consolidated revenue stood at Rs 16,546 crore up by 3.5% over the previous year and the operating profit stood at Rs 2,869 crore growing by 10.1%, which was 17.3% of the sales. Following the Q4 results, global brokerage firm JPMorgan maintained a 'Neutral' rating on Britannia Industries with a target price of Rs 5,260. The Q4 numbers were in line with estimates, it said. "The company delivered subdued revenue growth weighed down by pricing actions. However, the key positive was progressively improving market s...