January 2020

Bajaj Finance hits record high on better than expected Q3 earnings

[vc_row][vc_column][vc_column_text]         Bajaj Finance stocks rallied more than 4 percent to hit an record high of Rs 4,444.00 on January 29 after earnings beat analyst expectations, and the stock continued its rally touched intraday high of 4485.00 (at the time of writing) ?in the early trade on January 30, 2020.   ? …

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UltraTech Cement showed signs of a demand revival

[vc_row][vc_column][vc_column_text] The Cement Manufacturing Company reported a consolidated profit of Rs 711.3 crore for the third quarter FY20, reporting a year-on-year growth of ?90.2 percent, And a revenue of Rs 10,354 crore that fell 0.9 percent YoY. The company reported an earnings before interest, tax, depreciation and amortisation (EBITDA) of ?Rs 1,973 crore , an …

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ICICI Bank is showing healthy signs of earnings normalization

[vc_row][vc_column][vc_column_text] ICICI Bank posted a robust set of numbers in the quarter ended December 2019 with two-fold jump in profit in line with Street estimates. It reported a healthy 158.4 percent year-on-year (YoY) growth in Q3FY20 profit at Rs 4,146.46 crore from Rs 1,604.91 crore in the same period last year. The Bank?s NII during …

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‘Rally could extend to mid, smallcaps in 2020, stay invested in quality names’ – Moneycontrol

[vc_row][vc_column][vc_column_text] Moneycontrol.com? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?Published On : Jan 22, 2020 By Rahul Agarwal (The author is Director at Wealth Discovery/EZ Wealth.) Going forward, the beaten down stocks in all spaces …

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Wipro delivered a largely in-line quarter, with CC revenue growth of 1.8 percent QoQ

[vc_row][vc_column][vc_column_text] Wipro registered a 3.8 percent sequential decline in consolidated profit at Rs 2,455.9 crore for the quarter ended December 2019. However, total revenue from operations grew 2.3 percent sequentially to Rs 15,470.5 crore. The company’s IT services business increased 3 percent QoQ to Rs 15,100.6 crore in Q3FY20. IT services revenue in dollar terms …

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Keep A Longer Investment Horizon For MF Wealth Creation – Outlook Money

[vc_row][vc_column][vc_column_text] Outlook Money? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?Published On: 06 January 2020 By Rahul Agarwal Mutual fund investment is perhaps the best way for passive investors to generate wealth. The right …

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