Stock market today: After announcement of Q4 results 2024 on Friday last week, Tata Motors share price witnessed strong selling in early morning session on Monday. Tata Motors share price today opened downside at ₹1,005 apiece on NSE and touched an intraday low of ₹947.20 per share within a few minutes of the stock market's opening bell, logging an intraday loss of more than 9 percent on Monday.Triggers for Tata Motors share price fallConnecting Tata Motors share price drop with Q4 results...
Shares of engineering and construction major Larsen and Toubro (L&T) on Thursday fell up to 6% to day's low at Rs 3,290 as brokerages reduced their target prices following a cut in margin guidance for FY25.While reporting a 10% year-on-year (YoY) growth in its consolidated net profit at Rs 4,396 crore, L&T reduced its future margin guidance to 8.2-8.3% for FY25 to bake in supply chain disruptions, an uncertain political environment, and ongoing conflicts across several areas.Brokerage firm CLSA...
Canara Bank on Wednesday posted 18% growth in its standalone net profit at Rs 3,757 crore for the quarter ended March 2024. The same stood at Rs 3,174 crore in the last year period.Net interest income (NII) for the reporting quarter increased 11% year-on-year (YoY) to Rs 9,580 crore. The company's Board has also recommended a dividend of Rs 16.10 per share, 161% of face value each, for the financial year 2023-24.Operating profit (before provisions and contingencies) rose marginally by 2% YoY to...
NHPC Share Price Today Live Updates : NHPC stock price went up today, 21 May 2024, by 5.13 %. The stock closed at 97.89 per share. The stock is currently trading at 102.91 per share. Investors should monitor NHPC stock price closely in the coming days and weeks to see how it reacts to the news.
"Shares of Somany Ceramics jumped to the highest level in three months on Thursday after Nuvama raised target price on the stock. The upgrade came on the back of company's fourth-quarter earnings beating analysts' estimates.The company's net profit rose 38.9% year-on-year to Rs 34 crore in the quarter ended March 2024, according to an exchange filing. Analysts polled by Bloomberg estimated a net profit of Rs 31.45 crore..Somany Ceramics Q4 FY24 (Consolidated, YoY)Revenue up 8.6% at Rs 738 crore....
Shares of Arm Holdings (NASDAQ:ARM) plunged in after-hours trading after the chip maker reported earnings for its fourth quarter of Fiscal Year 2024. Earnings per s
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Shares of auto major Tata Motors on Monday fell up to 9% to the day's low at Rs 948 on BSE after three major global brokerages Goldman Sachs, Morgan Stanley and Nomura downgraded the Nifty stock while Citi suspended rating on Tata Motors following weaker outlook for FY25.While downgrading Tata Motors to neutral from buy, Nomura said JLR could face demand risks and the growth in commercial vehicles would also moderate. However, it hiked target price to Rs 1,141 from Rs 1,057 citing steady...
MUMBAI Canara Bank, India’s fourth largest public sector bank by assets, reported an 18% increase in profit year on year led by growth in retail loans, other income and a sharp fall in provisions. Net profit increased to 3,757 crore in the quarter ended March, from 3,175 crore a year ago. Total advances increased 11% to 9.60 lakh crore, led by a 12% growth in retail loans and a 19% expansion in the financing of agricultural and allied activities.CEO K Satyanarayana Raju said the bank expects to...
Logistics player Delhivery has narrowed its losses to Rs 69 crore in the fourth quarter ended March 2024. The company reported a loss of Rs 159 crore in the year-ago quarter.Revenue from operations increased 12% year-on-year (YoY) to Rs 2,076 crore in the January-March 2024 period, compared with Rs 1,860 crore in the corresponding period of the previous year.EBITDA for the fourth quarter rose to Rs 46 crore versus just Rs 13 crore in the same quarter of last year.The company registered 13%...
RVNL has delivered multibagger returns of 922 percent in the last three years, far outpacing Nifty returns of nearly 50 percent during this period.
Shares of Hindustan Petroleum Corporation Ltd. and Bharat Petroleum Corporation Ltd. will be in focus on Thursday ahead of their March quarter results. The bigger focus will be on the both the downstream refiners declaring a bonus issue of shares, a first for both companies in seven years.For HPCL, this will be the third bonus issue of shares in the last decade. The company earlier issued one free share for every two held in 2017 and two free shares for every one held in 2016.In BPCL's case,...