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According to an average of estimates of brokerages polled by Moneycontrol, the company's revenue will rise 4.3 percent on-year to Rs 16,547 crore Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Cigarette-to-soap maker ITC is likely to post a decent set of numbers for the December 2022 ended quarter, with standalone revenue growing 11 percent year-to-year to Rs 4614 crore. The company will report its Q3 earnings on February 3, after market hours. According to an average of estimates of brokerages polled by Moneycontrol , the company's revenue will rise 4.3 percent on-year to Rs 16,547 crore. Sequentially, topline and bottomline are expected to grow 2.5 percent and 3.3 percent. ITC’s mainstay business of cigarettes, which has been in the limelight for hike in NCCD (National Calamity Contingent Duty) announced in Union … [Read more...] about ITC Q3 Preview: Net profit to grow 11%, cigarette volume growth pegged at 10%

ITC Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × There's no stopping diversified conglomerate ITC's bull run. The stock is only 3 percent away from the Rs 400 mark and is trading at an all-time high. And, that too after taking a beating a day earlier after finance minister Nirmala Sitharaman in her Budget for 2023-24 announced a hike in National Calamity Contingent (NCCD) duty, only to recover swiftly and close in green. At 12.15 pm on February 2, the stock was quoting at Rs 381.30 apiece on the NSE, up 5.51 percent amid heavy volumes of 34.6 million shares. Earlier in the day, it had hit an all-time high of Rs 384.70 apiece. Follow our market blog for all the action Smoke signals Read More The stock corrected 6 percent as Sitharaman said the NCCD duty on cigarettes was hiked by 16 percent. The … [Read more...] about ITC nears Rs 400 mark; why costlier cigarettes are great news for shareholders

Dabur India Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Dabur Indian share price will remain in focus on February 3 after company reported a decline in its Q3 net profit . Dabur India reported a 5.5 percent year-on-year fall in consolidated net profit at Rs 476.6 crore for the quarter ended December 2022. Net profit stood at Rs 504 crore in the same quarter a year ago, Dabur said in a stock exchange filing on Thursday. However, revenue from operations grew 3.5 percent YoY to Rs 3,043 crore from Rs 2,942 crore in Q3 FY22. Revenue crossed the Rs 3,000-crore mark for the first-time ever, said the company. On the operating front, EBITDA (earnings before interest, taxes, depreciation and amortization) fell 2.7 percent to Rs 610.4 crore. Operating margins fell 100 basis points to 20.1 percent from 21.3 percent YoY. … [Read more...] about Dabur India Q3 net profit falls 5.5%; what should investors do now?

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × The government’s ambitious plan to monetise fully completed and operational infrastructure to raise funds for financing future projects, National Monetisation Pipeline (NMP), did not find any mention in the Union Budget for 2023-24, leaving sector experts and industry players bewildered. Ahead of the Budget, experts had said that the government may miss FY23's target of raising Rs 1.6 lakh crore by a huge margin but were hopeful of an update from the Finance Minister on February 1. “NMP, the National Monetisation Pipeline, was about offering fully completed and operational infrastructure assets on a PPP basis but was not mentioned,” said Shailesh Pathak, Director, Indian School of Public Policy, saying that it was a notable omission in the budget. On Jan 31, the Economic Survey of 2022-23 … [Read more...] about Budget 2023: The curious case of National Monetisation Pipeline’s omission

The lender's net interest income rose by 13 percent to Rs 4,840 crore for the December quarter from Rs 4,284 crore in the corresponding quarter of FY22. Its total interest income rose to Rs 14,457 crore from Rs 11,055 crore in the year-ago period. Total revenue from operations was Rs 15,230.12 crore, up from Rs 11,783.60 crore in the year-ago period. Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Housing Development Finance Corporation (HDFC) share price edged higher in the morning session on February 3, a day after the company declared its December quarter earnings. The country's largest housing finance on February 2 reported a healthy 13 percent increase in its net profit increase in net profit for the December quarter on the back of strong loan disbursals and stable yield spreads. Housing Development Finance Corporation … [Read more...] about HDFC stock price rises on good Q3, Motilal Oswal expects 15% upside

Indian equity benchmarks ended mixed in yet another volatile session on February 2 despite the budget, presented a day earlier, being hailed as growth-oriented, as the selloff in Adani group stocks continued to roil the market. The 30-pack Sensex gained 224.16 points, or 0.38 percent, to close at 59,932.24, while the broader Nifty was down six points, or 0.03 percent, at 17,610.40. The market opened lower, with the Nifty slipping below 17,500 but recovered soon after and traded flat for most part of the session. Last hour buying, however, helped the Sensex to cross 60,000 and close near the level. "Despite a growth-oriented budget, drop in crude prices and upside in the global market, the domestic market is not able to gain because of the Adani saga having a ripple impact on the investors," said Vinod Nair, Head of Research at Geojit Financial Services. Premium valuations continue to weigh on the Indian market compared to other emerging markets, which are expecting upside … [Read more...] about Taking Stock | Sensex rises 224 points, Nifty ends flat in a volatile session

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Reported Standalone quarterly numbers for Sintex Industries are: Net Sales at Rs 698.54 crore in December 2022 down 27.82% from Rs. 967.75 crore in December 2021. Quarterly Net Loss at Rs. 825.70 crore in December 2022 down 757.78% from Rs. 96.26 crore in December 2021. EBITDA stands at Rs. 7.91 crore in December 2022 down 95.55% from Rs. 177.75 crore in December 2021. Sintex Ind shares closed at 2.60 on February 02, 2023 (NSE) and has given -68.10% returns over the last 12 months. Sintex Industries Standalone Quarterly Results in Rs. Cr. Dec'22 Sep'22 Dec'21 Net Sales/Income from operations 698.54 654.65 967.75 Other Operating Income -- -- -- Total Income From Operations 698.54 654.65 967.75 … [Read more...] about Sintex Ind Standalone December 2022 Net Sales at Rs 698.54 crore, down 27.82% Y-o-Y

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Reported Standalone quarterly numbers for GIC Housing Finance are: Net Sales at Rs 280.81 crore in December 2022 down 3.71% from Rs. 291.64 crore in December 2021. Quarterly Net Profit at Rs. 65.41 crore in December 2022 down 14.53% from Rs. 76.53 crore in December 2021. EBITDA stands at Rs. 268.46 crore in December 2022 up 138.65% from Rs. 112.49 crore in December 2021. GIC Housing Fin EPS has decreased to Rs. 12.15 in December 2022 from Rs. 14.21 in December 2021. GIC Housing Fin shares closed at 190.45 on February 02, 2023 (NSE) and has given 38.16% returns over the last 6 months and 17.24% over the last 12 months. GIC Housing Finance Standalone Quarterly Results in Rs. Cr. Dec'22 Sep'22 Dec'21 Net Sales/Income from operations … [Read more...] about GIC Housing Fin Standalone December 2022 Net Sales at Rs 280.81 crore, down 3.71% Y-o-Y

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Reported Standalone quarterly numbers for Continental Securities are: Net Sales at Rs 0.30 crore in December 2022 up 13.18% from Rs. 0.27 crore in December 2021. Quarterly Net Profit at Rs. 0.16 crore in December 2022 up 7.83% from Rs. 0.14 crore in December 2021. EBITDA stands at Rs. 0.22 crore in December 2022 up 10% from Rs. 0.20 crore in December 2021. Continental Sec EPS has increased to Rs. 0.37 in December 2022 from Rs. 0.33 in December 2021. Read More Continental Sec shares closed at 39.40 on February 02, 2023 (BSE) and has given 48.12% returns over the last 6 months and 2.87% over the last 12 months. Continental Securities Standalone Quarterly Results in Rs. Cr. Dec'22 Sep'22 Dec'21 Net Sales/Income from … [Read more...] about Continental Sec Standalone December 2022 Net Sales at Rs 0.30 crore, up 13.18% Y-o-Y

Crompton Greaves Shares of Crompton Greaves Consumer Electricals plunged on February 3 as the company's weak set of earnings for the December quarter dented investor sentiment. The scrip traded 8.30 percent lower at Rs 304.75 on the National Stock Exchange at 09.48 am.  The decline in the stock was also accompanied by strong volumes that were higher than the 20-day daily traded average volumes. Catch all LIVE market updates here In the wake of weak sales from core segments like electrical consumer durables and lighting, revenues from Butterfly Gandhimathi Appliances, which the company had acquired last year helped support the 7.5 percent on year growth in its topline. A sharp rise in employee costs and weak operating leverage weighed on the company's EBITDA margin which contracted sharply by 424 basis points on year to 10.1 percent in Oct-Dec. One basis is one-hundredth of a percentage point. Read More The weak operational performance also dragged the … [Read more...] about Crompton Greaves shares plunge on weak earnings show