Bajaj Finance: The company posted decent Q4 results but came up with weak guidance for the near term. Profit at the company increased 21.1 per cent on year, while NII jumped 28.1 per cent.
At 8:11 am, Gift Nifty futures traded higher by 0.16 percent at 22,689.5, indicating positive opening for the markets today. On 26th April, Nifty index ended 167.95 points, or 0.75 per cent, higher at 22,570.35, while the Sensex settled with gains of 486.50 points, or 0.66 per cent, at 74,339.44.
Stocks to be in focus today, according to Experts and Zee Business
- Results on April 26: Bajaj Finserv, HCL Technologies. Maruti Suzuki, SBI Life, Shriram Finance, Atul, and SBI Cards and Payments Services will announce their Q4 results.
- Tech Mahindra: Tech Mahindra, reported a consolidated net profit of Rs 661 crore for the quarter ended March 2024, which went up by 29.5 per cent on a quarter-on-quarter basis.
- L&T Tech: The company reported a consolidated net profit of Rs 341 crore for the January-March period. Its revenue for the quarter stood at Rs 2,537.5 crore, up 4.8 per cent quarter-on-quarter (QoQ) and 7 per cent year-on-year (YoY).
- IndiGo: InterGlobe Aviation agreed to place an order for 30 Firm A350-900 aircraft, which will enable IndiGo to spread its wings further and expand its network.
- IndusInd Bank: The Bank reported a consolidated net profit of Rs 2,349 crore for the quarter ended on March 24, with a 15 percent jump as compared to Rs 2043 crore clocked in the year-ago period.
- Cyient: The company reported a consolidated net profit of Rs 196.9 crore against Rs 153.2 crore quarter-on-quarter (QoQ).
- Bajaj Finance: The company posted decent Q4 results but came up with weak guidance for the near term. Profit at the company increased 21.1 per cent on year, while NII jumped 28.1 per cent.
- Mphasis: The company posted mixed Q4 performance with revenue increasing 5.2 per cent , while margins remained steady at 14.9 per cent.
- UTI AMC: The company reported Q4 results with profit increased 89.5 per cent on year, while revenue increasing 38.7 per cent.
- Himadri Speciality Chemicals: The company reported Q4 results with margin inching higher to 15.3 per cent. The company’s board approved Rs 220 crore capex for the new speciality carbon black line.
- Interglobe Aviation: The company in its aircraft fleet will include broad-body aircraft. Also, it will give an order of 30 Airbus A350-900 aircraft to Airbus.
- Vedanta: The company’s stock has seen big target upgrades after its Q4 show. CLSA raised the target to Rs 430 from the earlier pegged target of Rs 390.
- ICICI Bank: At the country’s second leading private lender, information of 17,000 credit card users has been compromised.
(With inputs from agencies.)
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice.)
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