Maruti Q2 Result | Profit declines 65% to Rs 475 crore, revenue rises 10% to Rs 20,539 crore

The performance of the company got impacted because of lower volumes due to the COVID-induced global chip shortage that hit production and margins came under pressure due to high commodity prices. Maruti Suzuki has lost market share from 51 percent to 47 percent in the current quarter. (Representative image) ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ […]

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Kotak Mahindra Bank Q2 Results: Standalone profit falls 7%, but asset quality improves

Asset quality improved during the quarter ended September 2021, with gross non-performing assets as a percentage of gross advances falling 40 bps QoQ to 3.2 percent. ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] = 0){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); //$ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); $ (‘#gainlosstxt_’+articleId).find(“.arw_red”).removeClass(“arw_red”).addClass(“arw_green”); }else if(resData[stkKey][‘percentchange’] 0) { var resStr=”; var […]

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Daily Voice | We#39;re into a multi-year bull run, says Santosh Joseph of Germinate Investor Services

Santosh Joseph, Founder and Managing Partners at Germinate Investor Services LLP, believes India is into a multi-year bull run with occasional breaks. “We will grow for many more years, but can’t be like the last 15-18 months,” said the veteran banking, insurance and asset management professional. He thinks that as the economy recovers, most consumption-led themes would continue […]

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Mahindra Holida Consolidated September 2021 Net Sales at Rs 546.40 crore, up 13.51% Y-o-Y

October 25, 2021 / 10:47 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] = 0){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); //$ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); $ (‘#gainlosstxt_’+articleId).find(“.arw_red”).removeClass(“arw_red”).addClass(“arw_green”); }else if(resData[stkKey][‘percentchange’] 0) { var resStr=”; var url = ‘//www.moneycontrol.com/mccode/common/saveWatchlist.php’; $ .get( “//www.moneycontrol.com/mccode/common/rhsdata.html”, function( data ) { $ (‘#backInner1_rhsPop’).html(data); $ .ajax({url:url, type:”POST”, dataType:”json”, data:{q_f:typparam1,wSec:secglbVar,wArray:lastRsrs}, success:function(d) { […]

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MC Interview | #39;India may witness huge inflows in coming time and surprise the world market#39;

Ankit Yadav, Wealth Manager (USA) and Director of Market Maestroo, thinks consumer stocks look very attractive and can create wealth in the long run. “If I have to compound my money for the next 10-15 years, then for sure, consumer stocks will be my top priority,” he says in an interview to Sunil Shankar Matkar of Moneycontrol. Yadav expects the Sensex […]

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Daily Voice | There#39;s strong base to support sustained growth, says Deepak Jasani of HDFC Securities

A strong political leadership, an unrelenting reform process, and a host of cost-cutting exercises taken up by corporates- all these have created a base for robust growth over the next few quarters, provided we do not face any other unforeseen negative or disruptive event, says Deepak Jasani, Head of Retail Research at HDFC Securities. “However, one will have to be […]

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ICICI Bank Q2 Result | Profit grows 30% to Rs 5,511 crore, net NPA lowest since December 2014

ICICI Bank has given significant return in the current financial year FY22, rising more than 30 percent, outperforming Nifty Bank index by a strong margin which gained 21 percent in the same period. ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] = 0){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); //$ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); $ (‘#gainlosstxt_’+articleId).find(“.arw_red”).removeClass(“arw_red”).addClass(“arw_green”); […]

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ICICI Bank Q2 Preview | Double-digit earnings growth likely with expected falling provisions, solid commentary

Experts largely expect profit to grow in the range of 17-25 percent, and net interest income to rise around 19 percent compared to a year-ago quarter, with steady margin and 16-17 percent increase in loan growth for the quarter. ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] = 0){ […]

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Daily Voice | Very optimistic about Capex cycle in India, bull run may continue in realty for next 2-3 years: Santosh Meena of Swastika Investmart

Santosh Meena, Head of Research at Swastika Investmart, believes the Indian economy is on the cusp of massive growth in the coming years and early signs are visible where employment is likely to witness significant recovery. “I am very optimistic about the Capex cycle in India which we were missing for more than a decade,” […]

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Daily Voice | Very optimistic about Capex cycle in India, bull run may continue in realty for next 2-3 years: Santosh Meena of Swastika Investmart

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21st Cen Mgt Consolidated September 2021 Net Sales at Rs 192.55 crore, up 300960% Y-o-Y

October 22, 2021 / 11:18 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] = 0){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); //$ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); $ (‘#gainlosstxt_’+articleId).find(“.arw_red”).removeClass(“arw_red”).addClass(“arw_green”); }else if(resData[stkKey][‘percentchange’] 0) { var resStr=”; var url = ‘//www.moneycontrol.com/mccode/common/saveWatchlist.php’; $ .get( “//www.moneycontrol.com/mccode/common/rhsdata.html”, function( data ) { $ (‘#backInner1_rhsPop’).html(data); $ .ajax({url:url, type:”POST”, dataType:”json”, data:{q_f:typparam1,wSec:secglbVar,wArray:lastRsrs}, success:function(d) { […]

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Daily Voice| Cyclical sectors likely to turn around and look attractive, says Rajesh Cheruvu of Validus Wealth

With a change in the nature of economic cycles, cyclical growth sectors are likely to look more attractive. Most of these sectors have been underperformers for over five years. An improvement in capacity utilisation, emergence of a stronger rural economy, and an enhanced government spending support a strong demand outlook, believes Rajesh Cheruvu, Chief Investment Officer at Validus Wealth. […]

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Asian Paints Q2 profit falls 29% to Rs 605.2 crore on steep decline in operating income

Steep inflation in raw material prices, since the beginning of this calendar year, has been phenomenal and has impacted gross margins across all businesses in the quarter, said MD & CEO Amit Syngle. ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] = 0){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); //$ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); $ (‘#gainlosstxt_’+articleId).find(“.arw_red”).removeClass(“arw_red”).addClass(“arw_green”); […]

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