EPS
RIL shares can create up to $100 billion wealth, predicts Morgan Stanley
Morgan Stanley, a global brokerage firm, forecasted that Mukesh Ambani-led Reliance Industries' (RIL) fourth monetisation cycle could potentially increase market capitalisation by $60-100 billion. They set a target price of Rs 3,540 in the base case scenario.
EPS withdrawal rules changed; lakhs of EPF subscribes to benefit; check if you stand to benefit
The government has changed the Employees’ Pension Scheme (EPS) of 1995 to enable members with fewer than six months of employment to receive a withdrawal benefit. Additionally, the government amended Table D to ensure that withdrawal benefits are paid fairly; this change would benefit over 23 lakh members.
Axis Securities initiates coverage on Inox Wind, sees upside potential of 30%
Domestic brokerage firm ICICI Securities initiated coverage on Inox Wind (IWL) with a target price of Rs 185 stating that the company is well-positioned to benefit from the tailwinds in the wind sector.
Change in EPS rule for calculating lump sum withdrawal amount on early exit: Who benefits, who loses?
Pension amount in EPS: The government via notification dated June 14, 2024 has revised the table used for calculating lump sum withdrawal amount. A member of Employees' Pension Scheme (EPS) can withdraw lump sum amount if he/she exit the scheme before completion of 10 years. Read on to know who gains and who loses from the new pension scheme rule.
Sandip Agarwal's 4 top bets from IT sector for near term
I think now the attrition rates are under control. Margin should expand because margin is a direct factor of where your attrition is, utilisation is. So, I think the revenue growth I do not see will pick up very substantially immediately, because if at all the ECB rate cut has happened, now in US also we are expecting some cool off to happen on the rate front.
India Inc exits FY24 on a strong note, clocks double-digit profit growth in Q4
Corporate India saw double-digit growth in net profit and single-digit revenue increase in the March 2024 quarter. Expectations are for healthy growth in the current fiscal year due to peaking interest rates and government policy continuity.
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Royal Orchid Hotels reports PAT of Rs 50.82 cr for FY24
Royal Orchid Hotels Limited reported a total income of Rs 312.70 crore for FY 2024, up from Rs 279.69 crore in FY 2023. In Q4 FY 2024, the chain's total income was Rs 82.30 crore, up from Rs 76.54 crore in Q4 FY 2023.
Royal Mail owner accepts Czech billionaire Daniel Kretinsky's takeover
Former state monopoly Royal Mail was privatised in 2013 and has since seen its core letters business ravaged as consumers increasingly communicate online, which has conversely helped its parcels business.
Fortis Healthcare Q4 Results: Net profit jumps 47% YoY to Rs 203 crore
Fortis Healthcare Ltd on Thursday reported a 46.88 per cent increase in consolidated net profit at Rs 203.14 crore in the fourth quarter ended March 2024 on the back of higher revenue from its core business.
Can you transfer EPF account from unexempted trust to EPFO, exempted trust?
EPF account transfer from unexempted trust: Many salaried individual have Employees' Provident Fund account either with EPFO or exempted trusts. However, what if you have an EPF account with unexempted trusts? Does EPF scheme rules allow an EPF member to transfer the unexempted trusts to EPFO or exempted trusts? Read on to know about it.
Earnings surprise offers opportunities; stocks could return 10-34%
Among them, 20 are likely to offer returns exceeding 10% over the next one year as per analysts’ consensus estimates, data showed. For instance, Raymond reported an EPS of Rs 246 in FY24 compared to Rs 79 in FY23, which is 84% higher than analysts’ estimates.
Deutsche Bank lifts S&P 500 year-end target to Street-high of 5,500
Deutsche Bank has raised its 2024 year-end S&P 500 target to 5,500, the highest among major brokerages, banking on strong corporate earnings to support equity valuations.
Our target is 15% to 20% EPS growth on a consistent basis: Anish Shah, Mahindra Group
I would say that the internal measures have had a much bigger role to play because as we have seen overall the auto industry is not growing at a very rapid pace and we have been far outpacing.
When should EPS pensioner submit annual digital life certificate; how to submit using face authentication
Submission of life certificate: The person must be an Employees’ Provident Fund Organisation (EPFO) member. EPS members can submit a life certificate at Pension Disbursing Bank, online, Common Service Centre, IPPB, Indian Post Office, Postman, Umang app, Nearest EPFO office.
M&M shares jump 8% to record high as target prices raised up to Rs 2,910. Should you buy, sell or hold?
M&M achieved a new 52-week high of Rs 2,554.75 following better-than-expected March quarter performance, prompting increases in target prices and upgrades. Jefferies, a global brokerage firm, upgraded M&M to a buy rating and raised the target price to Rs 2,910.
HAL shares jump over 3% after UBS raises target price to Rs 5,200
Hindustan Aeronautics (HAL) saw a significant increase of 3.6% in its shares on Tuesday, reaching an all-time high of Rs 4,064 on the Bombay Stock Exchange (BSE). This surge followed UBS, a global brokerage firm, raising its 12-month target price for HAL to Rs 5,200.
Brokerages increase target price for Bank of Baroda. Should you buy?
BoB’s net interest income for the full financial year stood at Rs 44,722 crore, an 8.1% uptick over FY23. The operating profit for FY24 was reported at Rs 30,965 crore, a 15.3% year-on-year (YoY) gain.
Quess reports highest ever quarterly revenue, annual EPS up by 24% y-o-y
The company’s board has recommended a final dividend of Rs 6 per share which makes the total dividend payout for the financial year 20023-24 to Rs 10 per share. The company reported an earning per share (EPS) of Rs 6.31 (184% increase year-on-year) for the March quarter and Rs 18.61 (24% jump year-on-year) for the financial year 2023-24
Coforge’s Cigniti acquisition a game-changer, will be EPS accretive from day one, says CEO Sudhir Singh
Sudhir Singh of Coforge outlines the strategic benefits of acquiring Cigniti, focusing on revenue growth, market expansion, and confidence in successful integration based on past acquisition achievements and team capabilities. Singh says: "Our intent is to raise roughly about $250 million and we will acquire between 51% and 54% of the promoter stake through a QIP."
Incred has 'Reduce' rating on IndiGo and 3 other stocks. Take a look
Domestic brokerage InCred Equities has given 'Reduce' tag to 4 stocks in its latest report. The list includes IndiGo, Tata Steel, among others. Here are the revised target prices,
ETMarkets Smart Talk: Top 3 reasons why we expect double-digit growth in FY2025 in stock market: Deepak Ramaraju
The demand environment is strongly driven by strong government spending, narrowing the fiscal deficit, fiscal prudence maintained by the government, strong GST collection and stable PMI data.
T-Series announces release of monthly albums and EPs as a part of its new strategy
Music label T-Series on Tuesday announced that it will monthly drop multiple extended playlists (EPs) and albums across genres to cater to its audience.
The Arvind Kejriwal show, season 1 Ep 2
The biggest political news on Thursday was veteran actor Govinda joining Shiv Sena, overshadowing Arvind Kejriwal's appearance at the Rouse Avenue Court in Delhi. Kejriwal was remanded until April Fool's Day in connection with a contraband operation involving kickbacks and alcohol.
Stock market has rallied to all-time high valuation and the broader market is too expensive: Is that true?
Nifty Midcap 100 Index is trading at 25.9x one year forward EPS – a premium of 22% over the last 10 years’ average, but 24% cheaper than October’21 highs.
Will higher EPS pension dream collapse due to EPFO's new calculation rules?
There have been reports that EPFO has adopted a new rule for calculating higher EPS pension for members who have retired on or after September 1, 2014. As per reports the services period is getting divided into two parts and pension is calculated on pro rata basis which is likely to result in reduced pension for these members.
EPS downgrades exceed upgrades in 3 months
A Bloomberg earnings upgrade or downgrade is the consensus estimate by equity analysts tracking the stock, indicating expectations of higher or lower profits, respectively.
Tata Motors among 6 Nifty stocks that saw EPS upgrades post Q3. Time to buy?
EPS is a tool used by investors to gauge the profitability of a company before buying its shares. Here are six Nifty counters that saw EPS upgrades by brokerage MOSL following their Q3 results:
4 Nifty stocks saw over 5% EPS downgrades post Q3. Do you own any?
Earnings per share or EPS is an important financial measure, which indicates the profitability of a company. It is calculated by dividing the company’s net income by its total number of outstanding shares. Signs of a falling EPS do not bode well. Here's a look at four Nifty stocks that saw over 5% EPS downgrades post Q3. (Source: MOSL)
These 8 stocks showed EPS outperformance vs net profit post-buyback
A buyback is when a company buys its shares to reduce their count in the open market. Over the years, share buybacks have become a more popular mode for companies to return value to shareholders, compared to dividends. Here are some stocks that showed EPS outperformance post-buyback as compared to their net profit. (Souce: Trendlyne)
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