Most astute speculator, wisest investor: Fund manager after meeting Radhakishan Damani
The ace investor has picked stakes in three new companies 3M India, Andhra Paper, and United Breweries during the December quarter, while he reduced positions in Blue Dart Express, BF Utilities and VST Industries.
RIL Q3 preview: Earnings seen improving QoQ, Jio Financial plans in focus
The sequential growth in earnings will be largely driven by the oil-to-chemicals (O2C) business due to the benefits from the removal of SEZ export tax and the E&P business, as higher prices flow through from October, the global investment bank said.
Market to remain volatile, don’t extend equity exposure: Anand Tandon
“I do not think the commodity increase should be viewed as a market signalling there is going to be great demand. I would just hasten to caution that one should not be looking at increasing equity exposure despite all the positive noise we may see. This is a market which will remain extremely volatile during the course of the year.”
DMart shares crack 6% after Q3 results: Should you buy, sell or hold?
In Q3, DMart missed estimates by reporting a revenue growth of 25.5%. Its PAT (profit after tax) grew 7% YoY as weak discretionary demand pulled down same store sales growth. Its gross margins declined 60 basis points YoY and 20 basis points QoQ to 14.3%.
Big Movers on D-St: What should investors do with Wipro, HDFC Bank and Avenue Supermarts?
It is trading within its all-important moving averages. On the higher time frame, there is a long consolidation and is trying to bottom the structure, which suggests much more upside potential in this counter.
Stocks in news: Wipro, HDFC Bank, DMart, L&T Fin Holdings, Just Dial, TCS, HG Infra
The lender on Saturday reported 19% year-on-year (YoY) rise in net profit for the quarter ended December to Rs 12,259 crore. Net interest income increased nearly 25% on year to Rs 22,988 crore, and this was the best growth seen by the bank in atleast three quarters. Operating profit increased by 13.4% YoY to Rs 19,024 crore. Provisions and contingencies for the quarter dropped 6.3% YoY to Rs 2,806 crore.
DMart Q3 Preview: Sales likely to grow 25% YoY, margins to remain under pressure
“The performance is a tad weaker than expectations as the estimated revenue per sq. ft of Rs 36,000 is softer than revenues of Rs 40,000 generated in the past third quarters,” Kotak Institutional Equities said based on the provisional update shared by the company.
Motilal Oswal Financial Services neutral on Avenue Supermarts
As per the brokerage's calculation, the LTL growth in 3QFY23 should be in mid-single digit. The management previously indicated that a higher store size takes longer to reach stable revenue per sqft state.