Saturday, May 11
As many as 87 companies will announce their quarterly results for the January-March 2024 period on Friday. Some of the big companies that investors' will watch closely are Tata Motors, Cipla and Bank of Baroda.Other companies which will also announce their results include Cholamandalam Finance, Eicher Motors, Finolex Industries, Jupiter LifeLine Hospitals, Kalyan Jewellers, Piramal Pharma, Punjab and Sind Bank, Spencers Retail, TCI Express, Thermax etc.,Cipla Q4 expectationsPharma major Cipla is expected to report robust growth in profitability during the fourth quarter ended March 2024 on the back of healthy operations.Net profit for the fourth quarter may rise up to 71% year-on-year, while net sales may grow 7% year-on-year, according to an average estimate of four brokerages.In the rece
Brokerage JPMorgan maintained an overweight rating on SBI and Macquarie upgraded Escorts to outperform. CLSA downgraded Sula to underperform while maintaining a sell on Asian Paints post Q4 results.We have collated a list of recommendations from top brokerage firms from ETNow and other sources:JPMorgan on SBI: Overweight| Target Rs 1000JPMorgan maintained an overweight rating on SBI but raised the target price to Rs 1000 from Rs 725 earlier.The FY24 print shows that the growth and the return on equity (ROE) gap to private banks has closed out.The global investment bank expects a similar dynamic to sustain this year as well.Positioning is enviable with a growth pick-up in corporate loans, low pressure on opex, and a favourable asset quality environment.Despite potentially lower recovery inc
Delhi Chief Minister Arvind Kejriwal on Friday walked out of Tihar jail after 50 days. The Supreme Court granted him interim bail in the Delhi Excise Policy case till June 1 and said that the Aam Aadmi Party leader is not a threat to the society.After coming out of jail, the Delhi CM appealed to the public to unite against "dictatorship" and said that he is fighting "with everything that he has.""Our country is more than 4,000 years old. But whenever anyone tried to impose dictatorship on this country, people never tolerated it. Today the country is passing through a period of dictatorship. I am fighting against it," he said while addressing his supporters.Kejriwal said, " I have a request, we have to save the country from dictatorship. I am fighting against it with all might." "I had prom
