Infosys shares fall 3% ahead of Q4 results; here’s why
Infosys shares currently trade below its average target of ₹1,720.36, a potential upside of 24% from the current market price
Infosys shares currently trade below its average target of ₹1,720.36, a potential upside of 24% from the current market price
India’s largest carmaker posted a net profit of ₹1,565 crore and revenue of ₹20,707 crore in the December quarter.
The country’s largest carmaker announces a dividend of ₹80 per share and says it will phase out diesel cars from April next year.
The company’s liquidity position is robust with around Rs 25,000 crore in cash and cash equivalents. Will most of it go towards debt repayment or towards further acquisitions?
SBI reported a loss of Rs 4,876 crore, with provisions more than doubling from last year.
The automaker reported a profit of Rs 1,257 crore for the quarter ended June on the back of steady growth in volumes.
The loss was much lower than Rs 2,418 crore, the figure estimated by a Reuters poll.
The maker of Maggi noodles and Kit-Kat chocolates saw higher margins on lower commodity prices .
The bank’s stock fell over 3% on Tuesday. Brokerages, however, were optimistic about the stock going forward.
The domestic FMCG business reported a Volume Growth of 21% during the quarter.