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HDFC stock price rises on good Q3, Motilal Oswal expects 15% upside

February 3, 2023 by www.moneycontrol.com

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

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Larsen & Toubro: On a high growth graph, stock loaded with value

January 31, 2023 by www.moneycontrol.com

L&T’s stock price has remained firm. The reason is the strong revival in its core infrastructure business and the cyclical upturn in India’s capex cycle PRO Only Highlights - Quarterly performance largely backed by improved realisations - Medium-term triggers China plus and protectionist measures for tyre industry - Valuations not inexpensive; but improved medium-term outlook Highlights Strong execution to drive growth in revenue Despite input price pressure, margins remain stable due to cost optimisation Strong growth in orders inflows and order in hand provide high visibility Stock is trading 21 times its fiscal 2024 earnings or at a 10% discount to SOTP value, at Rs 2,310 L&T is upbeat about revival and growth in India’s capex cycle. Both private and public capex or projects announced in fiscal 2023 reached multi-year highs and that is reflecting in its strong order book. In... … [Read more...] about Larsen & Toubro: On a high growth graph, stock loaded with value

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Taking Stock | Sensex rises 224 points, Nifty ends flat in a volatile session

February 2, 2023 by www.moneycontrol.com

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

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The Baidu Stock Rally Looks Set To Continue

February 3, 2023 by www.forbes.com

Share to Twitter Share to Linkedin Chinese search engine behemoth Baidu’s stock (NASDAQ NDAQ : BIDU IDU ) has witnessed a solid rally over the last month (about 21 trading days), gaining roughly 33%, compared to the broader S&P 500 which was up about 7% over the same period. Chinese tech stocks in general have fared well over the last several weeks, as China scales back on its stringent zero Covid-19 policy after over two years. This big re-opening of the Chinese economy should bode well for demand, overall, helping technology players. Moreover, there have been some factors specific to Baidu BIDU , as well. For one, the U.S.-based asset management company Blackrock disclosed that it had increased its stake in the company to 6.6% as of the last quarter, up from a previous ownership stake of 3.5%. Additionally, Reuters recently reported that Baidu had plans to roll out an artificial intelligence chatbot service similar to OpenAI’s ChatGPT. This, … [Read more...] about The Baidu Stock Rally Looks Set To Continue

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Starbucks Stock Drops After Massive Decline In China Sales

February 2, 2023 by www.forbes.com

Share to Twitter Share to Linkedin Topline Starbucks’ stock slid Thursday afternoon after the company missed its quarterly revenue estimate, in part because of an immense drop in sales across China as the country grappled with tight lockdowns followed by a renewed surge in the spread of the virus, resulting in reduced commerce that hurt retail businesses across the country—one of Starbucks’ largest markets. Key Facts The company reported $8.71 billion in quarterly revenue, setting a new record but falling short of Wall Street’s $8.78 billion estimate. Sales in North America rose 10% but tumbled 13% internationally, largely due to an eye-popping 28% decline in China. Starbucks also missed on earnings per share, reporting 75 cents after analysts expected 77 cents. The company’s share price declined more than 3% in after-hours trading to $105.81. Crucial Quote “We posted today’s strong results despite challenging global consumer … [Read more...] about Starbucks Stock Drops After Massive Decline In China Sales

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Adani Enterprises cracks further on selling pressure, group stocks under ASM

February 3, 2023 by www.moneycontrol.com

Adani Enterprises along with other group companies have been in focus since a report from Hindenburg research alleging improper use of offshore tax havens and flagged concerns about the high debt and valuations of the seven listed Adani companies. Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Share price of Adani Enterprises took a fresh knock on February 3, a day after it was placed under National Stock Exchange's Additional Surveillance Measure framework. At 10 am, the stock was trading at Rs 1,252.20 apiece on the NSE, down by 22 percent. The stock is now down close to 60 percent in the past five trading sessions. The ASM list is a list of securities that get monitored due to factors like price fluctuation, volatility, volume variance, etc. Also Read: NSE puts Adani Enterprises, Adani Ports, Ambuja Cements under ASM … [Read more...] about Adani Enterprises cracks further on selling pressure, group stocks under ASM

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NSE puts Adani Enterprises, Adani Ports, Ambuja Cements under ASM framework amid stock rout

February 2, 2023 by www.moneycontrol.com

Adani group's stocks have nosedived after the Hindenburg report's release Amid massive stock rout for almost a week in most of Adani group stocks, the National Stock Exchange (NSE) has put Adani Enterprises , Adani Ports and Ambuja Cements under additional surveillance measure (ASM) framework effective February 3, 2023 to curb short-selling. NSE, in its circular released on February 2, noted that applicable rate of margin shall be 50 percent or existing margin, whichever is higher, subject to maximum rate of margin capped at 100 percent w.e.f. February 6, 2023 on all open positions as on February 3 and new positions created from February 6. The ASM list is a list of securities that get monitored due to factors like price fluctuation, volatility, volume variance, etc. Stocks that are shortlisted for inclusion on the ASM list serve as a warning to investors about unusual price movement. There are certain trading restrictions on these stocks to put an end to any potential … [Read more...] about NSE puts Adani Enterprises, Adani Ports, Ambuja Cements under ASM framework amid stock rout

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Adai Group stocks: A recap of everything that happened on February 3

February 3, 2023 by www.moneycontrol.com

Adani Group chairman Gautam Adani Touting February 3, 2023, as an eventful day might be an understatement for the Adani Group. A stunning recovery from the worst-ever intraday fall in Adani Enterprises' stock to Finance Minister Nirmala Sitharaman's first comments on the entire Hindenburg-Adani fiasco , there was a lot of action. After falling 35 percent intraday, Adani Enterprises closed in the red on NSE – down 2 percent – while on BSE it was over a percent higher. Adani Ports closed 5 percent higher on the NSE at Rs 488.40 after falling to Rs 395 intraday. ACC and Ambuja Cements gained 5 percent and 4 percent, respectively. Meanwhile, Adani Total Gas and Adani Wilmar ended at a 5 percent lower circuit. Here's a recap of all that happened, starting from pre-market developments ASM Framework Read More Pre-market open, the big news was National Stock Exchange (NSE) placing Adani Enterprises, Adani Ports and Ambuja Cements under an additional … [Read more...] about Adai Group stocks: A recap of everything that happened on February 3

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NextEra Energy’s Stock To Likely Rebound After Falling 11% Over Ten Days

February 3, 2023 by www.forbes.com

Share to Twitter Share to Linkedin NextEra Energy Inc. stock (NYSE: NEE), a provider of electricity-related energy services, has declined by 11% over the last ten trading days (two weeks) and currently stands at around $74. Its principal subsidiary, FPL, is a rate-regulated utility engaged primarily in the generation, distribution, transmission, and sale of electric energy. Investors were underwhelmed by NextEra’s results and outlook for 2023. While Q4 operating revenue grew to $6.16 billion (up from $5.05 billion in the year-ago period), it missed analysts’ expectations for $6.3 billion in revenue. However, adjusted earnings grew by 24% year-over-year (y-o-y) to $0.51 per share and were above analyst expectations of $0.49 per share. Looking ahead, the company mentioned that it will continue growing at a healthy rate for a utility, albeit at a slower pace than last year. It anticipates adjusted earnings to rise in the range of $2.98 to $3.13 per share this year, … [Read more...] about NextEra Energy’s Stock To Likely Rebound After Falling 11% Over Ten Days

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EBay Stock To Meet The Revenue Expectations In Q4

February 3, 2023 by www.forbes.com

Share to Twitter Share to Linkedin eBay (NASDAQ: EBAY) is scheduled to report its fiscal Q4 2022 results on Wednesday, February 22, 2023. We expect the stock to edge past the consensus estimates of earnings, while revenues will remain in line (just below) with the expectations. The company reported mixed results in the last quarter. Its top line declined by 5% y-o-y to $2.4 billion, mainly due to a decline in website traffic and weakness in international markets. Notably, the website traffic suffered in 2022 due to the normalizing of consumer behavior, in comparison to the levels seen during the Covid-19 pandemic. Further, the key metric - Gross Merchandise Volume decreased 11% y-o-y in Q3. We expect the same trend to follow in the fourth-quarter results. Our forecast indicates that eBay’s valuation is $51 per share, which is 2% above the current market price of around $50. Our interactive dashboard analysis on eBay’s Earnings Preview has more … [Read more...] about EBay Stock To Meet The Revenue Expectations In Q4

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