Tag: Buzzing Stocks

Buzzing stocks for the day

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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The Indian stock market is expected to open sharply higher on Monday as the SGX Nifty was trading 86 points higher at 11,679.20, at 7:35 am, indicating a positive opening for the Sensex and the Nifty50.

Here are the buzzing stocks for the day:

1. Reliance Industries: The company reported a consolidated profit at Rs 9,567 crore in Q2FY21, against adjusted profit at Rs 8,380 crore in the June quarter. Consolidated revenues jumped 27.2 percent sequentially to Rs 1,28,385 crore QoQ. EBITDA increased by 12.3 percent to Rs 18,945 crore from Rs 16,875 crore while EBITDA margin contracted by 210 bps to 17 percent from 19.1 percent, QoQ.

2. ICICI Bank: The private lender reported sharply higher profit at Rs 4,251.3 crore in Q2FY21 against Rs 655 crore in same period last year. Net interest income rose to Rs 9,366.1 crore from Rs 8,057.4 crore, YoY. The bank also made gains of Rs 305 crore by selling a 2 percent stake in ICICI Securities during the quarter.

3. UPL: The agrochemicals company reported profit at Rs 537 crore in Q2FY21 against Rs 202 crore, revenue increased to Rs 8,939 crore from Rs 7,817 crore YoY.

4. Just Dial: The company reported lower consolidated net profit at Rs 47.34 crore versus Rs 76.94 crore, revenue fell to Rs 167.53 crore versus Rs 242.57 crore YoY.

5. DLF: The realty player reported consolidated net profit at Rs 232 crore versus Rs 446 crore, revenue declined to Rs 1,610 crore from Rs 1,716 crore YoY.

6. Aarti Industries: CRISIL upgraded the long-term rating to AA/stable from AA-/positive.

7. Grasim Industries: The Aditya Birla Group firm has executed agreements with Lubrizol Manufacturing India Private for production of chlorinated polyvinyl chloride (CPVC) resin in India.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Buzzing stocks for the day on October 29

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

The Indian stock market is expected to open lower on Thursday tracking global markets. At 7:40 am, the SGX Nifty traded 46 points lower at 11,673.50, indicating a negative start for the Sensex and Nifty50.

Here are the buzzing stocks of the day:

1. RBLBank: The private lender in its Q2FY21 earnings reported profit at Rs 144.2 crore against Rs 54.3 crore. Net interest income rose to Rs 932.1 crore from Rs 868.7 crore YoY.

2. Larsen & Toubro: The company reported higher profit at Rs 5,520.3 crore in Q2FY21 against Rs 2,527.3 crore. Revenue fell to Rs 31,034.7 crore from Rs 35,328.5 crore YoY.

3. Axis Bank: The private lender posted a profit of Rs 1,682.7 crore in September quarter ended FY21 against a loss of Rs 112.1 crore. Net interest income rose to Rs 7,326.1 crore from Rs 6,101.8 crore YoY.

4. Ajanta Pharma: The company is looking into a buyback proposal and the Board will decide it on November 3.

5. ICICI Securities: The subsidiary arm of ICICI Bank reported higher profit at Rs 217.6 crore in Q2FY21 against Rs 123.2 crore. Revenue rose to Rs 1,157.7 crore from Rs 907.4 crore YoY.

6. PI Industries: The company in its quarter ended September 20, FY21 reported higher profit at Rs 217.6 crore against Rs 123.2 crore. Revenue rose to Rs 1,157.7 crore from Rs 907.4 crore YoY.

7. Can Fin Homes: The company reported a profit of Rs 128.4 crore in Q2FY21 against Rs 97.62 crore. Revenue increased to Rs 525.8 crore from Rs 500.67 crore YoY.

8. Earnings Today: Maruti Suzuki, BPCL, Bank of Baroda, Canara Bank, Havells India, Vodafone Idea, InterGlobe Aviation, Tata Chemicals, TVS Motor Company, AAVAS Financiers, Aegis Logistics, Apollo Pipes, Arvind, Astec Lifesciences, Bajaj Healthcare, Blue Dart Express, Cholamandalam Investment and Finance Company, Coromandel Engineering, Gateway Distriparks, Great Eastern Shipping, Himadri Speciality Chemical, JK Paper, Laurus Labs, Mastek, Mahindra Holidays, Shriram Transport Finance, Strides Pharma Science, Welspun Corp, Welspun India and Zensar Technologies among 92 companies will announce their quarterly earnings today.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Key stocks that moved the most on October 28

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Indian shares ended around 1.5 percent lower on Wednesday following in selloff in the global markets, dragged by losses in all key sectors but mainly banks and financials.

Shares around the world tumbled on Wednesday as coronavirus infections grew rapidly in Europe and the United States, igniting fears of possible strict lockdown measures that could damage already fragile economic recoveries.

The Sensex ended 600 points lower at 39,922 while the Nifty fell 160 points lower at 11,730. Broader markets were also lower for the day with the Nifty Midcap and Nifty Smallcap indices down 1 percent each.

Here are the key stocks that moved the most today:

Bharti Airtel: The stock ended 3.38 percent higher to Rs 448 on the NSE after the telecom major reported a substantial narrowing of losses in the second quarter of the financial year. The telco posted a consolidated net loss of Rs 763.2 crore in Q2 against a loss of Rs 23,044.90 crore in the year-ago quarter (Q2FY20).

Tata Motors: The shares ended half a percent lower to Rs 134.75 after the company reported better-than-estimated operating performance in the September quarter with Jaguar Land Rover (JLR) returning to profit with significant positive cash flow.

Hero MotoCorp: The share price settled nearly a percent higher at Rs 2,937 after the two-wheeler manufacturer said it will sell and service Harley-Davidson motorcycles in India.

Castrol: The stock closed 7 percent higher to Rs 116 after the company announced its September quarter results. The company’s operating profits for the quarter rose 18 percent to Rs 266.70 crore on the back of higher sales and lower costs.

Titan: The shares settled over a percent lower to Rs 1,218.25 after the jewellery maker’s standalone net profit in the second quarter of fiscal 2021 fell 37.8 percent to Rs 199 crore from Rs 320 crore in the same period last fiscal.

Dr Reddy’s Laboratories: The pharma major closed over 3 percent lower to Rs 4,940 after it reported a net profit of Rs 762.3 crore in the second quarter of fiscal 2021, down 30 percent as against Rs 1,092.5 crore in the year-ago period.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Buzzing: Bharti Airtel shares jump 10% after Q2 earnings; should you buy now?

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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The share price of Bharti Airtel jumped 10 percent on Wednesday after the telecom major reported a substantial narrowing of losses in the second quarter of the financial year.

The telco posted a consolidated net loss of Rs 763.2 crore in Q2 against a loss of Rs 23,044.90 crore in the year-ago quarter (Q2FY20). In Q2FY20, the company had made provisions of Rs 28,450 crore in the immediate aftermath of the Supreme Court ruling on statutory dues.

The sentiment was also lifted after brokerages maintained ‘buy’ calls on the stock after Q2. The stock rose a much as 10 percent to Rs 476.30 per share on the BSE.

The company posted revenues of Rs 25,785 crore for the September 2020 quarter, up 22 percent over the corresponding period last year. This came on the back of strong growth across the portfolio – geographies and segments, a company statement said.

In a statement, Gopal Vittal, MD and CEO, India and South Asia, said: “Despite being a seasonally weak quarter, we delivered a strong performance with revenue growing at 22 percent year-on-year”.

In the mobile segment, we added over about 1.4 crore 4G customers and grew revenues by about 26 percent, he added.

Meanwhile, consolidated EBITDA came at Rs 11,848.3 crore against CNBC-TV18 poll estimate of Rs 10,820 crore and EBITDA margin stood at 46 percent.

Among brokerages, Goldman Sachs maintained a ‘buy’ call on the stock with a target at Rs 635 per share. It said that the company’s execution continues to be near-flawless.

As per GS, the key surprise in Q2 was strong data subscriber addition. It expects an ARPU increase in the December quarter and raised EBITDA estimates by 3-6 percent. Recent weakness offers a compelling entry point, it further said.

BofAML also retained a ‘buy’ call on the stock with a target at Rs 640 per share on positive risk-reward. It stated that strong business momentum for the firm continues.

CLSA has the highest target for the stock among peers at Rs 715 per share and has maintained a bullish stance. Revenue and EBITDA were led by strong India mobile data traction, it noted.

UBS, on the other hand, said that the company’s Q2 earnings were an all-round beat and believes the company remains well placed in the sector.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Buzzing stocks to watch out for on October 26

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

The Indian stock market is likely to open slightly higher tracking Asian peers. The SGX Nifty, an early indicator of the opening for the Nifty50, was trading 22 points higher at 11,956, at 7:43 am, hinting at a positive start for the domestic market.

Here are the buzzing stocks of the day:

1. Yes Bank: The troubled private lender reported Q2FY21 profit at Rs 129.4 crore as against the loss of Rs 600.1 crore, however, NII fell to Rs 1,973.4 crore from Rs 2,185.9 crore YoY.

2. Nestle: The FMCG giant in its September quarter earnings reported profit at Rs 587 crore in Q3CY20 against Rs 595.3 crore in the corresponding quarter last year. Revenue increased to Rs 3,541.7 crore versus Rs 3,215.8 crore YoY.

3. Tech Mahindra: The IT services company reported a higher profit in its September quarter at Rs 1,064.6 crore as against Rs 972.3 crore. Revenue also rose to Rs 9,371.8 crore from Rs 9,106.3 crore QoQ. Meanwhile, the company’s subsidiary Tech Mahindra (Singapore) Pte Ltd agreed to acquire a 100 percent stake in Momenton Pty. Ltd, Tenzing Ltd and Tenzing Australia Ltd.

4. JSW Steel: The steel giant reported a lower profit this Q2 at Rs 1,595 crore against Rs 2,536 crore in the same quarter last year. However, revenue rose to Rs 19,264 crore from Rs 17,572 crore YoY.

5. ICICI Lombard General Insurance: The insurance company reported a higher profit in the quarter ended September 30, 2020, at Rs 415.74 crore as compared to Rs 307.91 crore. Total income surged to Rs 2,883.4 crore from Rs 2,738.9 crore YoY.

Earnings Today: Kotak Mahindra Bank, SBI Life Insurance Company, Mahindra & Mahindra Financial Services, Angel Broking, Finolex Industries, Torrent Pharmaceuticals, and 44 other companies will announce their September quarter earnings on October 26.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Here are the buzzing stocks of the day

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow