OLECTRA GREENTECH LTD Q2 RESULTS
Olectra Greentech shares jump 6% after Q2 net profit soars 156% YoY
Olectra Greentech's shares rose nearly 6% after reporting a 156.4% YoY profit increase to Rs 47.7 crore for Q2. Revenue surged 70.5% to Rs 523.7 crore, boosting market confidence.
Q2 results this week: ICICI Bank, ITC, Bajaj Housing Finance, Zomato among 182 companies to announce earnings
This week, 182 companies, including ICICI Bank, HUL and Zomato, will report Q2 earnings. Key dates feature multiple significant announcements, impacting market sentiment and stock performance.
Q1 results today: IRFC, Vodafone Idea among 528 companies to announce earnings on Monday
As the first quarter earnings season nears its end, 528 companies are set to release their results on Monday. Key reports include IRFC, Vodafone Idea, and NMDC. Vodafone Idea is expected to report flat revenue and losses between Rs 7,489-8,100 crore. EBITDA is forecasted to see a slight year-on-year rise despite challenges.
Q1 results this week: HAL, Ola Electric, Vodafone Idea, IRFC, and Nykaa among 85 companies to announce quarterly earnings
Several widely followed companies, including Vodafone Idea, Hindustan Aeronautics (HAL), Mazagon Dock, Hero MotoCorp, IRFC, IRCTC, HUDCO, Apollo Hospitals, Samvardhana Motherson, GMR Airports Infrastructure, Nykaa, and Ola Electric will be releasing their June quarter report cards this week. Here¡¯s the list:
Dare to buy these 8 multibagger stocks trading above 100 PE multiples?
Zomato, CarTrade Tech, Olectra Greentech, Waaree Renewable Technologies, JBM Auto, ABB India, Trent, and Godrej Properties are high PE stocks showing multibagger returns. Consider using various valuation metrics and expert insights for informed investment decisions.
Q4 results this week: RIL, ICICI Bank, HCL Tech, among 166 companies that'll announce earnings
?With Wipro and Infosys¡¯ results out this week, the fourth quarter earnings season will now pick up pace as the upcoming week will witness the results for Axis Bank, ICICI Prudential Life Insurance, Mahindra & Mahindra Financial Services, Tata Elxsi, along with 167 other companies.
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Technical Breakout Stocks: How to trade ABB India, Tata Investment Corporation and Olectra Greentech on Friday
The S&P BSE Sensex rose over 500 points while the Nifty50 closed above the 22,200 level. Sectorally, buying was seen in auto, IT, capital goods and power stocks while some profit booking was seen in the banking space.
Q3 Results Today: Yes Bank, Macrotech Developers among 31 companies to announce earnings
JSW Steel on Thursday reported robust growth in the consolidated net profit for the quarter ended December, as the bottom line rose nearly 5 times from the year-ago period to Rs 2,415 crore and also beat ETNow estimates of Rs 1,719 crore.
Q3 results this week: Axis Bank, Adani Power, Tata Steel, Tech Mahindra, PNB, YES Bank and others
Here's a look at the upcoming release of December quarter report cards by various companies including Axis Bank, Bajaj Auto, DLF, Tata Steel, Tech Mahindra, Adani Power, JSW Steel, SBI Life, PNB, Macrotech Developers, and YES Bank. Additionally, companies such as Colgate-Palmolive (India), Coforge, Oberoi Realty, Mangalore Refinery And Petrochemicals, Lloyds Metals & Energy, Authum Investment & Infrastructure, Sobha, Karur Vysya Bank, Zensar Technologies, Chennai Petroleum Corporation, Spandana Sphoorty Financial, Tamilnad Mercantile Bank, VST Industries, IIFL Securities, Gensol Engineering, and Oriental Hotels will also be releasing their report cards.
These 19 smallcap multibaggers saw double-digit growth in both revenue, EBITDA in Q2
The list of 35 companies include names such as Olectra Greentech, RateGain Travel Technologies, Titagarh Rail Systems, KPIT Technologies, Thomas Cook, Prestige Estates Projects, Ramky Infrastructure, Skipper, Jupiter Wagons, all of which are part of the S&P BSE Smallcap index. The list also includes midcap names such as Trent, Adani Power, Adani Green Energy, Infibeam Avenues, Oberoi Realty, and Hindustan Copper, all of whom have seen strong earnings growth and have given double-digit returns so far in 2023.
Olectra Greentech Q2 PAT nearly triples to Rs 19 cr
It said the revenue grew due to increase in vehicle deliveries. During the quarter under review, Olectra delivered 154 electric vehicles, against 111 delivered in the same period of 2022-23, it stated.
Wait and watch in case of JSW Energy; play auto via 2 stocks: Sudip Bandyopadhyay
"Prefer to play the auto industry through auto ancillaries where opportunities still exists. We like Bharat Forge and Samvardhana Motherson. There is little opportunity or margin of error in the high buzz four-wheeler, two-wheeler spaces. While the stock market has yet to rerate Bharat Forge fully, the company offers a benefit through India's Make in Defence programme and can be approached from a medium to long-term investment perspective."
Stocks in news: Adani Green, HDFC Bank, PB Fintech, Adani Ports, Coal India
Promoter entity Infinite Trade And Investment has sold partial stake in Adani Green through bulk deals on Monday, while a Qatar-based sovereign fund bought some shares.
Q1 results this week: LIC, Adani Ports, IRCTC, Hero MotoCorp, Nykaa and others
Adani Ports, Coal India, Siemens, Hindalco, Linde India, Lloyds Metals, Phoenix Mills, Oil India, Prestige Estates, Aarti Industries, Happiest Minds, Brigade Enterprises, Suven Pharma, Eureka Forbes and others will announce their June quarter results
2 top stock recommendations from CA Rudramurthy BV
?So with this premise I am giving you two stock calls, both on the sell side. For me LTIM is looking definitely weak on chart and every bounce is getting sold into and for me LTIM from the current levels can come down 100 rupees.
Olectra Greentech shares up 3% on awarding contract to build EV facility
As per the contract, construction of the greenfield EV manufacturing facility will be completed within 12 months from the date of approval of the shareholders (July 19, 2023).
Stocks in news: HUL, Infosys, Tata Communications, United Spirits, Shree Cement
Tata Communications reported a 30% fall in net profit at Rs 382 crore for the first quarter ended June. Revenue from operations, however, jumped 11% to Rs 4,771 crore.
Ahead of Market: 10 things that will decide D-Street action on Tuesday
Indian equities were supported by strong buying in heavyweight Reliance Industries stocks, which helped the Nifty defend the support of 19,300 and end at 19,356 on Monday. However, broader markets saw losses as IT stocks underperformed, leading to weakness. Meanwhile, analysts are keeping a close eye on the upcoming
Olectra Greentech shares skyrocket 35% in 2-days, hit fresh 52-week high on Rs 10,000 cr-order win
The order value of these 5,150 electric buses would be approximately Rs 10,000 crore for Olectra. The order value was nearly the same as the company's overall market capitalization on Friday.
Ahead of Market: 10 things that will decide D-Street action on Monday
"19500 has become strong resistance for Nifty, and unless that is taken out, traders should remain cautious. Support for the Nifty is seen in the 18900-19000 band. Bank Nifty ended the week with a bearish ¡°Shooting star¡± candlestick pattern on the weekly chart, a short-term bearish trend reversal pattern,¡± said Devarsh Vakil, Deputy Head - Retail Research, HDFC Securities.
Ahead of Market: 10 things that will decide D-Street action on Tuesday
Indian equities snapped a two-day losing streak, with the Nifty ending above 18,600 points on Monday, driven by positive global cues and optimistic expectations surrounding India's economic growth. Sectors including IT and real estate were among the major gainers.
Multibagger Olectra Greentech shares jump 10% as Q4 profit soars 52%
Electric bus manufacturer Olectra Greentech reported a 52% YoY rise in consolidated net profit to INR27.01 crore ($3.6m) for Q4 FY23. The firm's earnings were announced on Friday and sent its stock up over 10% during Monday's session. Olectra Greentech also reported that its consolidated revenue for the quarter stood at INR375.91 crore, up 39% YoY from INR271.3 crore in the same period a year ago. The EV firm's stock has given investors more than 330% returns over the past five years, but despite market ups and downs, its shares have traded with relatively low volatility.
Stocks in news: Paytm, Adani Power, Coal India, Amara Raja, Olectra Greentech
Alembic Pharma has reported a profit after tax of Rs 153 crore for the quarter ended March 2023 compared to Rs 22 crore in the March quarter of 2022. Revenue from operations declined marginally to Rs 1406.45 crore in the quarter ended 31 March 2023 from Rs 1415.74 crore in the same quarter last year.
Corporate Radar: Sikko Industries to trade ex-bonus, Maruti, Vedanta, Tata Power Q2 results and more
Shares of IIFL Wealth (Rs 17 per share), KPI Green (Re 0.25 per share) and Focus Business (Re 0.38 per share) shall trade ex-dividend today.
Stocks in the news: Infosys, Adani Enterprises, Hero Moto, UPL and Auro Pharma
IT major Infosys has completed the acquisition of Europe-based life sciences consulting and technology firm BASE life science, which will further expands Infosys' footprint in the Nordics region.
Olectra Q1 Results: Firm posts over 9 fold jump in profit after tax
"Our relentless efforts have resulted in favourable output. As we ramped up e-bus manufacturing, the deliveries increased to a record level of 169," said K.V.Pradeep, Chairman and Managing Director, adding that the company has increased the deliveries to various state transport units and will honour the delivery schedules.
Ahead of Market: 10 things that will decide stock action on Monday
¡°The 16,000 mark is crucial not just from a sentimental or psychological point of view. It is also a very crucial support level as it is the 50-day DMA (daily moving average) of Nifty. The long-term and the medium-term outlook of the market would be positive till the time it is above 16,000. A breach below that level would give bearish signals.
Market movers: LIC yet to see a positive close, Kaveri Seeds narrows losses
The market cap of LIC now stands at 5,16,657.44 crore, which makes it the sixth largest company in the country. The stock has fallen 14 per cent since listing and have made shareholders poorer by about Rs 85,000 crore.
Biggest gainers & losers of the day: Best Agro zooms 20%, Olectra Greentech hits lower circuit
The 30-share pack Sensex rallied 1,328.61 points or 2.44 per cent to 55,858.52. Its broader peer, Nifty50, surged 410.45 points or 2.53 per cent to 16,658.40.
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