← Go back May 05, 2023
Gujarat Gas Shares Advance After Q4 Profit Beat EstimateShares of Gujarat Gas Ltd. rose during trade on Monday, after the company's net profit for Q4 of FY23 beat estimate, despite being lower.Although consolidated net profit for the quarter fell 16.63% to Rs 370.5 crore on a year-on-year basis, according to an exchange filing, it was higher than Bloomberg's estimate of Rs 261.58 crore.Gujarat Gas Q4 FY23 (Consolidated, YoY)Revenues down 15.87% at Rs 3928.57 crore (Bloomberg estimate: Rs 4,156.38 crore).Ebitda down 19.66% at Rs 560.32 crore (Bloomberg estimate: Rs 432.80 crore).Margins at 14.26% vs 14.94% (Bloomberg estimate: 10.41%).Net profit down 16.63% at Rs 370.5 crore (Bloomberg estimate: Rs 261.58 crore).The board recommended a dividend of Rs 6.65 per share for the fiscal ended March 2023.Shares of Gujarat Gas were trading 5.92% higher at Rs 490.25 apiece, compared to a flat Nifty 50 as of 9:44 a.m.Of the 25 analysts tracking the stock, 10 maintained 'buy', six suggested 'hold', while six recommend 'sell', as per Cogencis data. Of the remaining three analysts, one has a neutral stance between 'buy' and 'hold', while two analysts remain neutral between 'hold' and 'buy'.!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rBroader Markets Open HigherThe broader market indices opened higher; the S&P BSE MidCap Index was up by 0.20%, whereas S&P BSE SmallCap Index was higher by 0.48%. Seven out of the 19 sectors compiled by BSE declined, while 12 advanced in trade. The market breadth was skewed in the favour of the buyers. About 1,804 stocks rose 747 declined, and 107 remained unchanged on the BSE.Source: BSETop Movers On The Nifty 50 IndexHDFC Bank Ltd., Infosys Ltd., HDFC Ltd., ICICI Bank Ltd., and Adani Enterprises Ltd. were positively adding to the change.Whereas, Larsen and Toubro Ltd., Dr. Reddy's Laboratories Ltd., Bharti Airtel Ltd., Hindalco Industries Ltd., ITC Ltd. were negatively contributing to the change in the Nifty 50 Index. !function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rSensex, Nifty Open Higher Indian equity benchmarks opened higher in trade after Sensex traded above the 62,000 mark in pre-open, the most in nearly five months since Dec. 15, 2022. IT stocks gained whereas the pharmaceutical companies declined in trade. U.S. equity futures and Chinese stocks advanced on Thursday as inflation data from the two economies spurred hopes monetary easing.Contracts for the S&P 500 were about 0.2% higher after the benchmark rose 0.4% Wednesday. Nasdaq 100 futures also rose following a 1.1% rally in the tech-heavy benchmark, which closed at the highest level since August, after U.S. inflation softened. Headline U.S. inflation eased to 4.9% in April, the first reading below 5% in two years and below consensus expectations. Core inflation remained at 5.5%. Asian markets were mixed. Australian and Japanese shares were slightly lower in range-bound trading while South Korea’s benchmark rose. Indices of Hong Kong and mainland China climbed as inflation and factory-gate price data came in lower than expected. The declines keep the window open for monetary easing from the People’s Bank of China.At pre-open, the S&P BSE Sensex Index was up 219 points or 0.35% at 62,158.10 while the NSE Nifty 50 Index was higher by 43 points or 0.23% at 18,357.80.!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rSensex, Nifty Gain In Pre-Open At pre-open, the S&P BSE Sensex Index was up 219 points or 0.35% at 62,158.10 while the NSE Nifty 50 Index was higher by 43 points or 0.23% at 18,357.80.Source: BloombergYield On The 10-Year Bond Declines The yield on the 10-year bond opened 2 bps lower at 7.01% on Thursday. It closed at 7.03% on Wednesday. Source: BloombergRupee Strengthens Against The U.S. Dollar The local currency strengthened about 2 paise to open at 81.97 against the greenback on Thursday. Rupee closed at 81.99 on Wednesday. Source: BloombergNBFCs Continue To Surge, Capital Goods Will Be In Focus: Trade Setup Bosch Q4 FY23 (Consolidated, YoY) Revenue up 23% at Rs 4,063.4 crore vs Rs 3,311.0 croreEbitda up 19% at Rs 522.4 crore vs Rs 440.7 crore Ebitda margin at 12.9% vs 13.3% Net profit up 13% at Rs 398.1 crore vs Rs 350.9 croreThe board recommended a dividend of Rs 280 per equity share of Rs 10 each. Source: Exchange filing Global CuesU.S. Dollar Index at 101.4U.S. 10-year bond yield at 3.43%Brent crude up 0.29% to $76.63 per barrel Nymex crude up 0.28% at $72.76 per barrel SGX Nifty up 0.17% at 18,389 as of 8:10 a.m. Bitcoin down 1% at $27,597.07US Futures, China Stocks Rise as Inflation Eases: Markets WrapInsider Trading Rajnish Wellness: Promoter Rajnish Kumar Singh bought 2 lakh shares on May 8.US Stocks Enthusiasm Wanes After CPI; Bonds Rally: Markets WrapTrading Tweaks Ex-Date Final Dividend: IndiaMART InterMESHRecord Date Final Dividend: IndiaMART InterMESHEx-Date Interim Dividend: Kewal Kiran ClothingRecord Date Interim Dividend: Kewal Kiran ClothingEx-Date Bonus Issue: Sirca Paints IndiaRecord Date Bonus Issue: Sirca Paints IndiaAdani-Hindenburg Row: Mauritius Minister Calls Allegations Of Shell Companies 'False And Baseless'Offerings: Nexus Select Trust REIT IPO Nexus Select Trust REIT: The issue was subscribed 60% by the second day, as per data shared by lead manager Axis Capital. The QIB portion was subscribed 18%. Non-institutional investors placed bids for 1.1 times the portion reserved for them.Nexus Select Trust REIT IPO Receives 57% Subscription On Day 2Stocks To Watch: L&T, Dr. Reddy's, Asian Paints, Eicher Motors, HDFC, Godrej Consumer In Focus Larsen & Toubro: AM Naik will step down as non-executive chairman of the company on Sept. 30 and will be conferred the status of chairman emeritus. SN Subrahmanyan, the chief executive officer and managing director, has been re-designated as the chairman and managing director of the company, with effect from Oct. 1.Rail Vikas Nigam/Siemens: The consortium of the two companies received an order worth Rs 300.11 crore from the Mumbai Metropolitan Region Development Authority for the design, manufacture, supply, installation, testing, and commissioning of two 110KV receiving substations for mainline and depot of Mumbai Metro line 2B. Siemens is the lead consortium partner with a 60% share, and RVNL holds a 40% share.Oil India: Stimul-T, the owner of Project License-61 oil block in Tomsk, Russia, has filed for bankruptcy. Oil India owns a 50% stake in WorldAce investment, the parent company of Stimul-T, through its subsidiary Oil India International BV. Meanwhile, the Numaligarh refinery allotted 20.03 crore partly paid-up shares to the company on May 10 at Rs 110 per share, taking its stake in the refinery to 73.27%.CSB Bank: Satish Gundewar has been appointed as chief financial officer of the company effective June 5, 2023, following the resignation of BV Divakara.Zydus Lifesciences: The company received an establishment inspection report from the U.S. FDA for the inspection conducted at its facility in Moraiya, Ahmedabad, without any observations. The pre-approval inspection, conducted from Jan. 23 to 27, covered transdermal patch products.HDFC: SEBI granted its final approval for the change in control of HDFC Asset Management Company, a subsidiary of HDFC.Adani Green Energy To Consider Fundraising On May 13Q4 Results Today Asian Paints, Eicher Motors, PDS, Deepak Nitrite, Balrampur Chini Mills, Zensar Technologies, Ujjivan Small Finance Bank, Intellect Design Arena, Dr Lal Pathlabs, Care Ratings, Siemens, Aditya Birla Capital, Ajmera Realty & Infra India, Alkyl Amines Chemicals, BLS International Services, DCW, Everest Industries, Gillette India. Gujarat State Petronet, GTL Infrastructure, Kirloskar Brothers, Mangalore Chemicals & Fertilizers, Neuland Laboratories, Paisalo Digital, PTC India Financial Services, Religare Enterprises, SG Finserve, Shankara Building Products, South Indian Bank.US Inflation Shows Signs Of Moderating, Giving Fed Room To PauseEarnings Fineprint Larsen & Toubro Q4FY23 Results (YoY)Revenue up 10.4% at Rs 58,335.15 crore (Bloomberg estimate: Rs 58,907.23 crore)Ebitda up 4.8% at Rs 6,832.95 crore (Bloomberg estimate: Rs 7,146.99 crore)Ebitda Margin: 11.7 % vs 12.3% (Bloomberg estimate: 12.1%)Net Profit up 10.98% at Rs 4,446.74 crore (Bloomberg estimate: Rs 3,965.1 crore)The board approved a final dividend of Rs 24 per share for the financial year 2022-23.Dr Reddy's Laboratories Q4 FY2023 (Consolidated, YoY)Revenue up 15% at Rs 6,315 crore (Bloomberg estimate: Rs 6,248 crore)Ebitda up 33% to Rs 1,588 crore (Bloomberg estimate: Rs 1,591 crore)Ebitda margin at 25.1% vs 21.8% (Bloomberg estimate: 25.5%)Net profit up 889.79% at Rs 960 crore (Bloomberg estimate: Rs 1,034 crore)The company approved a final dividend of Rs 40 per share for the fiscal 2023.Godrej Consumer Products Q4 FY23 (Consolidated figures, YoY)Revenue up 10% at Rs 3,200.16 crore (Bloomberg estimate: Rs 3,249.47 crore)Ebitda up 32% to Rs 664.81 crore (Bloomberg estimate: Rs 617.84 crore)Ebitda margin at 20.8% Vs 17.2% (Bloomberg estimate: 19%)Net profit up 24% at Rs 452.14 crore (Bloomberg estimate: Rs 430 crore)Gujarat Gas Q4 FY23 (Consolidated, YoY)Revenues down 15.87% at Rs 3928.57 crore (Bloomberg estimate: Rs 4,156.38 crore)Ebitda down 19.66% at Rs 560.32 crore (Bloomberg estimate: Rs 432.80 crore)Margins at 14.26% vs 14.94% (Bloomberg estimate: 10.41%)Net profit down 16.63% at Rs 370.5 crore (Bloomberg estimate: Rs 261.58 crore)The board recommended a dividend of Rs 6.65 per share for the fiscal ended March 2023.Procter & Gamble Hygiene & Health Care Q4 FY23 (Consolidated, YoY)Revenues down 9.26% at Rs 883.09 crore (Bloomberg estimate: Rs 971.5 crore)Ebitda down 9.54% at Rs 149.27 crore (Bloomberg estimate: Rs 208 crore)Ebitda margin at 16.9% vs 16.95%(Bloomberg estimate: 21.4%)Net profit up 60.45% at Rs 165.02 crore (Bloomberg estimate: Rs 151.60 crore).Microsoft Won't Give Salary Hikes This Year, CEO Satya Nadella Says In EmailSGX Nifty Signals Higher Open For The BenchmarkU.S. equity futures and Chinese stocks advanced on Thursday as inflation data from the two economies spurred hopes of monetary easing.Contracts for the S&P 500 were about 0.2% higher after the benchmark rose 0.4% Wednesday. Nasdaq 100 futures also rose following a 1.1% rally in the tech-heavy benchmark, which closed at the highest level since August after U.S. inflation softened.Headline U.S. inflation eased to 4.9% in April, the first reading below 5% in two years and below consensus expectations. Core inflation remained at 5.5%.Asian markets were mixed. Australian and Japanese shares were slightly lower in range-bound trading, while South Korea’s benchmark rose. Indices of Hong Kong and mainland China climbed as inflation and factory-gate price data came in lower than expected. The declines keep the window open for monetary easing from the People’s Bank of China.The yield on the 10-year Treasury note in the U.S. was trading at 3.43%. Crude oil prices traded below the $77 mark, while Bitcoin declined below the e$28,000 level.At 8:10 a.m., the Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, was up 0.17% at 18,389.Domestic benchmark indices picked up towards the end of the session after swinging between gains and losses.The Indian rupee inched higher against the U.S. dollar as the greenback suffered due to cautious investor sentiment.Foreign investors were net buyers for the tenth straight day and bought equities worth Rs 1,833.1 crore. On the other hand, domestic institutional investors turned sellers, and sold stocks worth Rs 789.7 crore, snapping a two-day buying streak, the NSE data showed.Stock Market Today: All You Need To Know Going Into Trade On May 11. Read more on Markets by BloombergQuint.
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