Europe growth to be muted amid tough market conditions.
Tiles sales volumes was down ~1 percent YoY at 25.5 million square metres (MSM), on the back of extended monsoon and festive season
Company likely to report a muted operating performance in Q3FY23, with an EBITDA margin growth estimated flat at 26.2 percent on a year-on-year (YoY) basis. Analysts attribute the steady sale of its specialty products in the US to aid EBITDA margin growth.
In the past two years, the stock has given 93 percent returns while in the past one year, the scrip has rallied 22 percent
The company expects a sharp rebound in revenue in the coming quarters on a robust order book and healthy order inflow, Joint Managing Director Jitendra Kumar Agarwal has said
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Same store sales growth - a key metric for apparel and retail businesses - fell 8.7 percent in Q3 FY23 over Q3 FY22
Indian banks have little to worry as their debt exposure to Adani entities is limited
Experts predict a lot of volatility given the Union Budget week, but if the Nifty manages to hold the 50 WEMA, then there are fair chances that the index can easily surpass the 17,800-18,200 zone in the coming days, followed by 18,500
The company's board on January 28 recommended an interim dividend of Re 0.60 per share (on face value of Rs 1 each) on the enhanced share capital of the company post Bonus Issue of equity shares in September 2022.
ICICI Direct, The US dollar index posted modest gains on Friday amid a rise in US treasury yields.
Rohan Shah of BP Wealth is bullish on Ashok Leyland, Max Healthcare, Supreme Industries, IRCON, and Apollo Tyres as he sees 17,470-17,420 as a strong support zone for Nifty50.
Strong volumes, significant margin improvement underline Q3 performance
Both Sensex and Nifty have declined 2 percent each in January so far. Major equity markets started gaining since the start of this year.
Markets are in for a flat start after Friday's rout. Wall Street clocked weekly losses but the SGX Nifty is hinting at an extremely flat start for Indian equities as mood is likely to stay cautious ahead of Union Budget on Wednesday. Meanwhile, Adani group stocks will be in focus today after logging market cap loss of over Rs 4 lk cr in last week's selloff. Stocks in focus: Adani Enterprises, DLF, HDFC AMC.
According to Geojit , Barring coriander other spices were down on NCDEX on Wednesday. Jeera futures hit its lowest level in about four weeks.
Will Adani’s response to Hindenburg’s allegations revive the stock price of group companies? While the Bajaj Finance and Vedanta results are in in focus. PSU earnings candidates in focus are NTPC and Bharat Electronics
Stocks to Watch: Check out the companies making headlines before the opening bell.
Stock Market LIVE Updates: Power and oil & gas indices tumbled 4-6 percent each.
Bajaj Finance Q3: The net profit surge comes on the back of a healthy growth in disbursements that lifted net interest income by 24 percent to Rs 7,435 crore for the December quarter.
ITC has formed bullish candle on the daily charts with higher high formation for fourth straight session, with above average volumes for last several sessions. It has given a decent breakout of long downward sloping resistance trend line adjoining multiple touchpoints at higher levels (November 9, November 11 last year, and January 25, 2023).
Though Max Financial Services might look lucrative after a 33 percent up move in the current month whereas broader market almost remained negative. But one needs to be cautious and look at the bigger picture.
Prabhudas Lilladher recommended hold rating on Laxmi Organic Industries with a target price of Rs 300 in its research report dated January 26, 2023.
Prabhudas Lilladher recommended accumulate rating on CEAT with a target price of Rs 1825 in its research report dated January 27, 2023.
Prabhudas Lilladher recommended hold rating on Bajaj Auto with a target price of Rs 4040 in its research report dated January 26, 2023.