Stock Market Today- Cipla, Aurobindo, Torrent are 3 preferred picks of HSBC Research on healthy Q4 expectations. HSBC expects 38.4% y-o-y rise in net profit of pharma companies in their coverage during Q4 helped by rising US sales compensating for slower growth in India
Stock Market Today: Vedanta share price gained more than 5% in morning trades on Friday post Q4 results on Thursday. The earnings performance came better than expectations. Should you Buy, Sell or Hold the stock? Here s what experts say
Shares of Avenue Supermarts, which owns and operates the DMart stores, hit a two-year high of Rs 4,710.15 as they surged nearly 6 per cent on the BSE in Thursday s (April 4) intraday trade after reporting strong revenue growth in the January-March quarter (Q4) of the previous financial year (FY24).
DMart, in the Q4FY24 pre-quarter update, said the company reported 20 per cent growth in standalone revenue from operations at Rs 12,393 crore, as against Rs 10,337 crore in the third quarter (Q3) of 2022-23 (FY23), driven by a 7 per cent growth in revenue per store and a robust 13 per cent year-on-year (Y-o-Y) increase in store additions.
In Q3 of 2021-22, the company reported revenue of Rs 8,606 crore and in Q3 of 2020-21, it posted revenue of Rs 7,303 crore.
Q3 Result Preview: UltraTech Cement is expected to report strong Q3 performance led by moderating costs, better realisations. MOFSL estimates Ebitda per tonne at ₹1,236, Kotak ₹1200, versus around ₹903 in the year ago quarter and ₹956 in the previous quarter.