Source: CNBCTV18
Shares of Emcure Pharma Ltd. are locked in an upper circuit of 10% on Friday, May 23, after brokerage firm Kotak Institutional Equities increased its price target on the stock post its March quarter results. Read here
Shares of Honasa Consumer Ltd., the parent company of beauty and skincare brand Mamaearth, surged as much as 14% during Friday’s trading session. The sharp rise in the stock price followed the company’s quarterly earnings announcement, released after market hours on Thursday. Read here
– CV demand outlook
– Change in freight rates
– Discounting in CV industry
– Impact of railways dedicated freight corridor
– Commodity outlook
– Update related to Switch mobility
– IPO of Hinduja Leyland Finance
MTAR Technologies shares will be reacting to their quarterly results that were reported after market hours on Thursday, May 22. For the full year, the company’s revenue grew by 16.4% from last year to ₹676 crore. This figure is below the company’s guidance of ₹725 crore.
Its EBITDA rose by 7.2% from last year to ₹120.9 crore, while margins fell 150 basis points to 17.9% from 19.4% at the end of FY24. The margin number was also below the company’s guidance of 21%.
Shares of state-run Bharat Electronics Ltd. (BEL) have been upgraded by brokerage firm UBS on Friday, May 23. The brokerage has also raised its price target on the defence equipment manufacturer by 40%. Read here
– Profit up 17% at ₹1,134 cr Vs ₹970 cr
– Revenue up 8% at ₹12,196 cr Vs ₹11,267 cr
– EBITDA up 8% at ₹1,720 cr Vs ₹1,592 cr
– Margin at 14.1% Vs 14.1%
– Total Volumes up 5% YoY & up 28% QoQ
– Realisation seen rising 3% YoY & 1% QoQ
– Realisation seen at ₹20.6 lk Vs ₹20 lk (YoY) & Vs ₹20.4 lk (QoQ)
– FY25 CV market share at 16.60% Vs 16.64%
Shares of GSPL will be in focus on Friday, May 23, after the company reported its March quarter results that were sharply lower across parameters on a sequential basis. Read here
– Strong Q4 expected
– Q4 is seasonally strong for CVs
– High double-digit revenue growth expected
– Higher volumes & better product mix to aid revenue
– Realisation increase on higher mix of trucks & lower mix of LCVs
– Commodity tailwinds (lower steel prices) offset by unfavourable pricing
Good Morning!
Hello and Welcome to the Live coverage of the important Q4 results today.
As many as 10 important names will be reporting their results through the course of the day.
Watch this space for more live updates.
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