In its recent June quarter (Q1FY25) earnings preview note, domestic brokerage house Motilal Oswal Financial Services (MOFSL) predicted that the Nifty50 earnings are likely to grow by 4 percent percent on a year-on-year (YoY) basis. Excluding global commodities like Metals and Oil & Gas (O&G), the Nifty is anticipated to report a 10 percent YoY …
In the first quarter of FY25 (Q1FY25), companies within the Motilal Oswal Financial Services Limited (MOFSL) coverage universe are poised to showcase robust performance, driven by resilient demand trends and strategic initiatives across various sectors. MOFSL forecasts a notable year-on-year growth in revenue and EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for its coverage …
Indian stock market opened July on a spectacular note and achieved its longest winning streak since December 2023 amid the relentless bullish rally powered by the return of foreign funds and investor sentiments stabilising over Modi 3.0 coming to power. Bulls seem to have tightened their grip on Indian markets ahead of Union Budget 2024, …
Image Source: PTI Production underway at a Steel factory Bonus Stock: JTL Industries, a steel pipes maker, has announced its plans to distribute bonus shares to investors. According to an exchange filing, the company will issue bonus shares in a 1:1 ratio. Bonus shares are additional shares given to existing shareholders without any cost. This …