GAGA Share Market News

[hfe_template id='11223'] [ad_1] Shares of PSU company Hindustan Aeronautics (HAL) today surged 4% to an intraday high of Rs 4,246 on the BSE today after the company on Thursday reported a consolidated net profit of Rs 1,510 crore for the quarter that ended September 30, 2024, rising 22% over Rs 1,237 crore reported in the year-ago period. The revenue from operations stood at Rs 5,976 crore, gaining 6% over Rs 5,636 crore posted by the company in the corresponding quarter of the previous financial year. On a sequential basis, the profit after tax (PAT) was 5% higher over Rs 1,437 crore reported by the state-run defense company in Q1FY25. Meanwhile, revenue was up 37% on a quarter-on-quarter (QoQ) basis as against Rs 4,34,750 reported in the April-June quarter of FY25. Post the company’s Q2 update, domestic brokerage firm ICICI Securities gave a target price of Rs 5,170 on the stock while maintaining its ‘add’ rating on the same. “Taking cognisance of the delay in engines...

[hfe_template id='11223'] [ad_1] Shares of Trent have fallen by 10% in the last 2 trading sessions to a low of Rs 6,270 on the BSE after the company on Thursday reported that its September quarter standalone profit rose 46% year-on-year (YoY) to Rs 423.44 crore, higher than ET Now poll estimate of Rs 414 crore. Trent's Q2 revenue rose 39.6% YoY to Rs 4,035.56 crore but was below the estimate of Rs 4,320 crore. In Q2FY25, its fashion segment registered double-digit like-for-like growth. Emerging categories, which contribute to over 20% of its revenues, like beauty & personal care, innerwear and footwear continued to gain traction with customers. As of September-end Trent's store portfolio included 226 Westside, 577 Zudio and 28 stores across other lifestyle concepts. Post the second quarter results of the company, here is what analysts say: Bernstein: Outperform| Target price: Rs 8,100 Bernstein maintained an Outperform rating on Trent with a target price of R...

[hfe_template id='11223'] [ad_1] Private sector lender Federal Bank shares will be in focus on Tuesday after the bank posted an 11% increase in net profit to Rs 1,057 crore in the September quarter. The lender had earned a net profit of Rs 954 crore in the year-ago period. Federal Bank said in a regulatory filing that its total income increased to Rs 7,541 crore during the quarter under review, up from Rs 6,186 crore in the same quarter last year. The bank reported an interest income of Rs 6,577 crore during the quarter, higher than Rs 5,455 crore in the same period a year earlier. Net interest income (NII) grew 15% to Rs 2,367 crore compared to Rs 2,056 crore in the same quarter a year ago. As regards asset quality, the bank witnessed improvement with gross non-performing assets (NPAs) declining to 2.09% of the gross loans by the end of September 2024 from 2.26% a year ago. Similarly, net NPAs, or bad loans, moderated to 0.57% from 0.64% at the end of the second quarter...

[hfe_template id='11223'] [ad_1] The shares of Nippon Life India Asset Management have surged by 10% to day’s high of Rs 739.80 on BSE post the announcement of Q2 results and interim dividend. The profit after tax for Q2 FY25 was recorded at Rs 3.60 billion, up by 47% on a yearly basis and up by 44% for H1 FY25. The operating profit was recorded at Rs 3.65 billion, up by 57% on a yearly basis and up by 58% for H1FY25. The total income stood at Rs 6.92 billion. The board has also approved declaration of an interim dividend of Rs 8 per equity share of Rs 10 each of the company and has fixed the record date as November 6, 2024 for the purpose of ascertaining the entitlement of the shareholders to the interim dividend. Dividend will be paid on and from November 14, 2024. The company has offered a total dividend of Rs 16.50 per share in FY24. The cumulative dividend offered in the last 10 financial years was recorded at Rs 51 bn. The company has reported the highest ever quar...

[hfe_template id='11223'] [ad_1] Shares of aviation major IndiGo will be in focus today as the company will announce its second quarter results on Friday. The airline is likely to report subdued numbers with the company likely slipping back into the losses in the second quarter ended September 2024. While Kotak Equities and Motilal Oswal peg the loss for the company anywhere between Rs 236 and Rs 680 crore, Nuvama is expecting the budget airline to report a PAT of around Rs 107 crore. IndiGo had reported a net profit of Rs 189 crore in the September quarter of last year and a profit of Rs 2728 crore in the preceding June quarter. Net sales, meanwhile, are seen rising 5% year-on-year during the second quarter under review, according to an average estimate of four brokerages. Kotak Equities expects a 8% YoY change in passenger count in the quarter and lower YoY load factor at 83%. It sess RASK less CASK (excludes other income and forex) at loss of Rs 0.26 per ASK, against ...

[hfe_template id='11223'] [ad_1] Shares of IndiaMart InterMesh-operated IndiaMart today fell by 18% to Rs 2,466.80 on the BSE even as the company reported nearly a 95% YoY jump in its Q2 PAT at Rs 135.1 crore. Additionally, the company also reported an 18% jump in its revenue on a year-on-year basis (YoY) at Rs 348 crore for the second quarter ended September 2024, which stood at Rs 295 crore in the same quarter of the previous fiscal year. IndiaMart’s EBITDA stood at Rs 134.6 crore, up by 68.3% YoY while the EBITDA margins stood at 38.7% for the quarter against 27.1% reported in the corresponding quarter of the previous financial year. Post the update, here is what the analysts across various brokerages said: Nuvama: Reduce| Target price: Rs 2,500 Nuvama downgraded IndiaMart’s rating to reduce from hold while the target price was cut to Rs 2,500 vs Rs 3,070 earlierThe company’s collection growth slowed sharply to 5% YoY from 14% in Q1FY25 and is likely to stay in low-do...

[hfe_template id='11223'] [ad_1] South Indian Bank reported an 18% increase in profit for the second quarter of this fiscal, with earnings reaching Rs 325 crore. In comparison, the bank had posted a net profit of Rs 275 crore during the same period last year The bank's Net Interest Income (NII), measured by the difference between interest earned and interest expended, grew by 6.3% compared to the previous year, rising to Rs. 882.7 crore from Rs. 830.6 crore The bank's total retail deposits grew approximately 9%, at Rs 1.01 lakh crore, while CASA (current and savings account) deposits grew 7.81% on year, to Rs 33,530 crore. We are focussing on growing our retail and MSME segment, versus our corporate segment. We’ve also expanded in the recent past, but there is still some juice left, as some branches are not fully utilized. So maybe we will start our expansion again in the next fiscal”, said P R Seshadri, MD & CEO of South Indian Bank. Following the results, S...

[hfe_template id='11223'] [ad_1] Shares of two-wheeler major Bajaj Auto are expected to remain in focus ahead of the company's Q2FY25 earnings due to be announced later today. The company which is synonymous with brands like Pulsar, Avenger and Chetak is likely to report a 24%-29% year-on-year growth in its September quarter revenue led by a robust uptick in volumes and increase in the average selling price (ASP) of the vehicle, according to estimates of four brokerages. The revenue in the reporting quarter is expected in a range of Rs 13,336 crore and Rs 13,545 crore. The YoY net profit (adjusted) growth for Bajaj Auto is likely to be at 22%-24%, estimates revealed, putting the profit after tax in the range of Rs 2,246 crore and Rs 2,275 crore. The estimates taken into account are by Kotak Institutional Equities, Nuvama Institutional Equities, Yes Securities and Axis Securities. The revenue estimates are highest for Kotak Equities while lowest for Axis. As for PAT, ...