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ONGC Share Price: ONGC shares rose 2.3% after reporting a 17% YoY profit rise to Rs 11,984 crore, driven by lower levies, despite a fall in revenue and oil prices.
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News and Media
Jubilant FoodWorks Share Price: Jubilant FoodWorks witnessed a surge in its shares despite a 31.5% YoY decline in profit, posting a PAT of Rs 66.53 crore. This growth was fueled by a 43% YoY increase in revenue, reaching Rs 1,954.70 crore. The company's strategic initiatives, including new store openings and a focus on delivery services, contributed to its positive performance despite market challenges.
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News and Media
Hindalco Share Price: Hindalco's shares climbed after the company announced a significant jump in its second-quarter net profit. The company's profit soared by 123% compared to the same period last year. This impressive performance was driven by strong results in its India business. Analysts are optimistic about Hindalco's future prospects, with JP Morgan and Investec maintaining positive ratings on the stock.
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News and Media
Indian market is expected to open higher on Tuesday following positive global market trends. Market volatility is anticipated to decline. Analysts predict a range-bound trading session with immediate support and resistance levels identified. Specific stock recommendations for short-term traders are provided, including buy recommendations for Infosys, Axis Bank, Wipro, REC, and Bank of Baroda, and a sell recommendation for DLF.
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News and Media
Brokerage firm Nuvama has given a Buy rating on Aarti Industries, signaling confidence in the company's prospects. Meanwhile, Goldman Sachs has a Neutral rating on Britannia Industries, indicating a more cautious outlook on the FMCG giant's performance.
Category:
News and Media
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