ICICIdirect

2024-05-11 16:54:28 Q4FY24 update: #SBI
CMP: ₹817
Target Price: ₹1000
Period: 12 months Open / Comment

2024-05-11 10:09:12 Weekly Hidden Gem!

#GujaratFluorochemicals: Fluoropolymers to lead the way for recovery in FY25
CMP: ₹3270
Target Price: ₹3970 Open / Comment

2024-05-10 15:45:44 Weekly #StockMarket Wrap!
The Week That Was...
Outlook
Sectors in Focus Open / Comment

2024-05-10 15:25:08 #BankofBaroda Q4FY24 Results Are Out!

Net Profits up 2.3%
Recommended dividend of ₹7.60

Interest Income stood at ₹29,583 cr against ₹25,857 cr YoY, up 14.4% and ₹28,605 cr QoQ, up 3.4%

Net Interest Income stood at ₹11,793 cr against ₹11,525 cr YoY, up 2.3% and ₹11,101 cr QoQ, up 6.2%

Operating Profit stood at ₹8,106 cr against ₹8,073 cr YoY, up 0.4% and ₹7,015 cr QoQ, up 15.5%.

Net profit stood at ₹4,886 cr against ₹4,775 cr YoY, up 2.3% and a profit ₹4,579 cr QoQ, up 6.77%.

Domestic CASA stood at 41.33% against 42.25% YoY and 40.69% QoQ.

GNPA stood at 2.92% against 3.79% YoY and 3.08% QoQ.

NNPA stood at 0.68% against 0.70% YoY and 0.89% QoQ.

The company recommended a dividend of ₹7.60 per share.

Disclaimer: https://bit.ly/full-disclaimer Open / Comment

2024-05-10 11:19:14 Buy: FinNifty 14-May Call 21200
Entry price: ₹83-₹85
Target: ₹120
Stoploss: ₹65
Period: Intraday

Disclaimer: https://bit.ly/fulldisclaimer Open / Comment

2024-05-10 09:06:15 Buy: BankNifty 15-May Call 47800
Entry price: ₹375-₹380
Target: ₹480
Stoploss: ₹325
Period: Intraday

Disclaimer: https://bit.ly/fulldisclaimer Open / Comment

2024-05-10 07:46:19 Debt Slayers!

22 Mid sized companies who have slashed their debt by half in the last 3 years!

Disclaimer: http://bit.ly/full-disclaimer Open / Comment

2024-05-10 06:51:14 Opening Bell!

#TataMotors
As per media sources, Tata Motors is looking at hiving off its vehicle finance arm i.e. Tata Motors Finance (100% ownership) and merging it with the group company i.e. Tata Capital in lieu of minority ownership in Tata Capital.

#SBI
State Bank of India reported healthy earnings at ₹20698 crore, up ~24% YoY, led by higher other income and lower provision during the quarter. Operational performance remained steady with NII growth at 3.1% YoY, led by ~16% YoY growth in advances.

#HappiestMinds
Happiest Minds informed the stock exchange that it is going to acquire 100% membership interests of USA based Azure native digital product engineering company– Aureus Tech Systems LLC for upfront cash consideration of US$8.5 million and earnouts based on performance.

#Infosys
Infosys in collaboration with the Alliance for an Energy Efficient Economy (AEEE) and the Indian Institute for Human Settlements (IIHS), has launched 'ASSURE' (Accelerating Sustainable and Superefficient Real Estate).

It also announced a strategic three-year partnership with the ABB FIA Formula E World Championship, as its official Digital Innovation Partner.

#Affle
Affle informed the stock exchange that it has been granted a patent in India, in the subject area of – “Method and system for distribution of advertisement fraud data to third parties”. This patent is related to the field of optimizing advertising outcomes based on a data-sharing platform that analyses and correlates the advertising-related application data, publisher data and the fraud data to generate reports in a pre-defined interval of time.

& for better reach!
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2024-05-09 16:12:35 #AsianPaints Q4FY24 Results Are Out!

Revenue up only 1.3%
Recommended Dividend of ₹28.15, 60% of the year, taking the total dividend in FY24 as ₹33.3 per share.

Revenue from Operations stood at ₹8,730.76 cr against ₹8,787.34 cr YoY, down 0.6% and ₹9,103.09 cr QoQ, down 4%

Net Profit stood at ₹1,275.30 cr against ₹1,258.41 cr YoY, up 1.34% and ₹1,475.16 cr QoQ, down 13.5%

EBITDA stood at ₹1,691.37 cr against ₹1,864.76 cr YoY, down 9.3% and ₹2,056.09 cr QoQ, down 17.7%.

Diluted EPS stood at ₹13.10 against ₹12.87 YoY and ₹15.10 QoQ.

Company says revenue growth limited by macro-economic headwinds in key geographies of Nepal and Egypt

Brownfield Capacity Enhancement - from 17.3 to 22.7 lakh KL p.a. across Kasna, Khandala, Ankleshwar, Mysuru

Greenfield water-based paint manufacturing facility with a capacity of 4 lakh KL p.a. (Madhya Pradesh)

The Company recommended a dividend of ₹28.15 per share, 60% of the year.

*Consolidated Numbers

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2024-05-09 15:23:03 #SBI Q4FY24 Results Are Out!

Net Profits up 24%
Declared Dividend of ₹13.70

Total Income stood at ₹1,28,412 cr against ₹1,06,912 cr YoY, up 20.11% and ₹1,18,193 cr QoQ, up 8.6%

Interest Income stood at ₹1,11,043 cr against ₹92,951 cr YoY, up 19.46% and ₹1,06,734 cr QoQ, up 4.04%

Net Interest Income stood at ₹41,655 cr against ₹40,393 cr YoY, up 3.13% and ₹39,816 cr QoQ, up 4.62%

Operating Profit stood at ₹28,748 cr against ₹24,621 cr YoY, up 16.76% and ₹20,336 cr QoQ, up 41.36%.

Net profit stood at ₹20,698 cr as against ₹16,695 cr YoY, up 23.98% and a profit ₹9,164 cr QoQ, up 125.87%.

NIMs stood at 3.32% in FY24 against 3.39% in FY23.

GNPA stood at 2.24% against 2.78% YoY and 2.42% QoQ.

NNPA stood at 0.57% against 0.67% YoY and 0.64% QoQ.

The company declared a dividend of ₹13.70 per share.

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