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Ashok Leyland Roars Ahead with 20% Profit Jump in Q4 FY24 Ashok Leyland Limited (ALL), the flagship company of the Hinduja Group, reported a 19.8% increase in net profit to Rs 900 crore during the fourth quarter of fiscal year 2023-24, compared to Rs 751 crore in the same period last year. However, the company's profit fell short of analysts' estimates of Rs 869 crore. Revenue from operations declined by 3.1% to Rs 11,267 crore in Q4FY24, compared to Rs 11,626 crore in the corresponding quarter of the previous year. The reduction in input and services costs, which fell by 7.3%, was a key factor in the company's profitability. Despite the cost reduction, Ashok Leyland's sales volume declined by nearly 6% in the January-March period due to poor agricultural yield and increased discounts. The company maintained its position as the market leader in the M&HCV Bus segment, with a market share gain of 5.8 percentage points. Dheeraj Hinduja, Chairman of Ashok Leyland Limited, expressed optimism about the industry's prospects in the short to medium term, citing anticipated robust growth in the Indian economy. Shenu Agarwal, Managing Director & CEO, stated that FY24 has been a "strong year" for the company, with all-time high numbers in terms of revenues, EBITDA margins, and profits. Comment down your opinion! 𝗞𝗘𝗔𝗦𝗧𝗢𝗫 Best Stock Broker, Financial & investment Advisor, Equity, Commodity, Currency, SIP, Mutual Fund, PMS, Service Provider in Ahmedabad 📱+91 8989 1818 98 🌍 www.keastox.com #keastox #keaedu #keadigi #keagroup #Equity #Commodity #Currency #SIP #MutualFund #Insurance #Loan #Wealth #Management #Advisor #StockMarket #ShareMarket #StockBroker #SME #IPOListing #StartupInvestment #unlistedequity #privateequity #GDP #investments #indianeconomics #economy #Finance #AshokLeyland

📈 Market Update: 26th April 2024 📉 🇮🇳 Indian indices opened positively today, with Sensex closing at 73,730.16 (-0.82%) & Nifty at 22,419.95 (-0.67%). 📊 Top Gainers: TechM, DivisLab, LTIM, Bajaj Auto & BPCL. 📉 Top Losers: BajFinance, Bajaj FinSv, IndusindBk, Nestlelnd & M&M. 📰 In the News: - COAI urges revenue share between telcos & large traffic apps. - Commerce ministry focuses on infra for $1 trillion exports by 2030. - Fitch predicts 7-8% rise in power demand in Q2 2024. - India's services exports surged by 11.4% in 2023. - Finance Ministry optimistic about India's economic performance. 💼 Stocks in Focus: - American Funds Insurance exits Harsha Engineers. - Andhra Paper ends lockout. - L&T awarded Rs 337.57cr. - Bank of Maharashtra to raise Rs 7,500cr. - IndiGo orders 30 Airbus A350-900 aircraft. 📊 Q4FY24 Highlights: - Bajaj Finserv's profit up 20%. - Indusind Bank's profit rises 15%. - Mphasis' profit jumps 5%. 🚀 Exciting Developments: Tata Steel's £1.25bn investment in electric arc furnace, Zydus' USFDA approval for Tretinoin Cream. Stay updated with market trends and opportunities! #MarketUpdate #Finance #Investing #Economy 📈📊

ASHOK LEYLAND - BUYING TODAY MOTILAL RECO PRICE - 182 (24.07.2023) CMP (21.08.2023) 188 TARGET - 210 (+15%) VALUATION VIEW BY MOTILAL OSWAL 1. The demand environment is expected to remain stable, supported by improving pricing power and steady RM prices, which will drive strong earnings. AL is the best investment choice in the CV growth cycle, as it has positioned itself to expand its revenue/profit pools. 2. While valuations at 15x FY25E P/E and 9x EV/EBITDA are reflecting the mid-cycle recovery, they do not fully reflect AL’s focus on diversifying new revenue streams and increasing profit pools. Motilal Oswal reiterates their BUY rating with a TP of INR210 (premised on 10x Sep’25 EV/EBITDA + ~INR13/share for the NBFC). #ashokleyland #niftyauto #investing #wealth #nifty #sensex #wealthmanagement #motilaloswal #PANDA2X

Bajaj Finserv MD Sanjiv Bajaj said public investment in infrastructure has helped the Indian economy as it has a multiplier effect. "More cement gets sold, more trucks get sold, more employment is generated," he said. "India now is innovating for the world. We are not copying what was done in the West, The West has been innovating for 100 years," he added. #bajaj #india #innovation #growth #economy #Indianstartupnews

HAL Q4: Shares Soar to Record High on Stellar 40% Margin ✈ Shares of Hindustan Aeronautics Ltd, the state-run defense equipment manufacturer surged as much as 11% to a record high, after the company's March quarter results announcement. HAL delivered an EBITDA margin of 40% for the March quarter. The company had delivered an EBITDA margin of 26% during the same quarter last year. Revenue for the quarter increased by 18.2% from last year to ₹14,768.7 crore. The company's quarterly EBITDA almost doubled, increasing by 81.8% from ₹3,245.8 crore last year to ₹5,901.1 crore this year. This shows a significant improvement in their earnings. 𝗞𝗘𝗔𝗦𝗧𝗢𝗫 Best Stock Broker, Financial & investment Advisor, Equity, Commodity, Currency, SIP, Mutual Fund, PMS, Service Provider in Ahmedabad 📱+91 8989 1818 98 🌍 www.keastox.com #keastox #keaedu #keadigi #keagroup #Equity #Commodity #Currency #SIP #MutualFund #Insurance #Loan #Wealth #Management #Advisor #StockMarket #ShareMarket #StockBroker #SME #IPOListing #StartupInvestment #unlistedequity #privateequity #GDP #investments #indianeconomics #economy #Finance #HAL #Q4Results

Many leading #Indian companies, dependent on the #ruralmarket for as much as 35 per cent of their product offtake, are looking at sales slowdown. In #rural India, several factors are having a cascading effect in slowing down the profits of these big corporations. It's not just the automobile but the whole manufacturing sector that has been negatively impacted by the slump. The fast-moving #consumergoods (#fmcg) companies have also felt the pinch. Rajeev Narayan has more on it: https://bit.ly/3Offr6i #policymatters #inflation #ruraleconomy #consumption

#TOP10 #StocksInFocus 1-TCS/WIPRO/INFOSYS/HCL TECH/TECH MAHINDRA Accenture Cuts FY24 Revenue Growth Guidance To 1-3% From 2-5% 2-TATA CHEM/CROMPTON GREAVES Tata Chem: IT penalty Rs 103 Cr Crompton Consumer: IT Penalty 68 Cr 3-BHARAT DYNAMICS Board Approves Interim Dividend of Rs 8.85/Share AND 1:2 SPLIT 4-MAHINDRA LIFESPACES/PRESTIGE ESTATE Launches a residential project, ‘Mahindra Zen’ at Bengaluru South Prestige Estate Buys 62.5-acre land in Indirapuram NCR 5-KTK BANK Karnataka Bank Launches QIP To Raise Funds, Floor Price At Rs 231.43 6-TEXMACO RAIL Launches QIP to raise up to Rs 250 Cr, floor price at Rs 162.88 7-LEMON TREE HOTELS Signs Franchise Agreement For Upcoming Hotel In Ranchi, Jharkhand Lemon Tree Hotels, Ranchi Is Expected To Open In FY25 8-SARDA ENERGY JV Gets Composite Licence For Surjagad 1 Iron Ore Block In Maharashtra 9-TATA COMM To Sell Edged Digital Svcs Biz To Wholly-owned Subsidiary For Rs 458 Cr 10-NLC INDIA To Consider Fund Raise Of Up To $600 m Loan Via ECB On March 27. For information only

Here are a few stocks to watch today - May 16, 2024        #LIC Housing Finance: Q4 Results: Net profit fell by 7.5% YoY to ₹1,091 crore. Dixon Technologies (India): Q4 Results: Net profit increased by 24.7% YoY to ₹98.5 crore. Revenue: Increased by 52% to ₹4,658 crore. Mahindra & Mahindra (M&M): Lower-than-expected Q4 results projected due to weak farm equipment sector performance. Net profit expected to rise by 2.5% to ₹2,026 crore. #SpiceJet: Legal Issues: Delhi High Court ordered SpiceJet to return two leased Boeing aircraft and their engines by May 31 due to unpaid dues. #TVS Motor Company: International Operations: Started operations in Italy with plans to introduce various conventional and electric vehicles. Jindal Stainless: Reported a 30% YoY fall in net profit to ₹501 crore. Revenue decreased by 3% YoY. MOIL: Q4 Results: Revenue decreased by 2.8% YoY to ₹415.9 crore. Net Profit increased by 12.6% to ₹91.1 crore. NLC India: Q4 Results: Revenue increased by 31% YoY to ₹3,540.6 crore. Net Profit decreased by 86.2% to ₹114.2 crore. Berger Paints India: Net profit increased by 19.7% to ₹222.62 crore. Marginal rise in revenue to ₹2,520.28 crore. Mankind Pharma: Revenue increased by 18.9% to ₹2,441 crore. Net profit rose by 62.3% to ₹477 crore. #quarterlyresults #q4results #stockmarket #stockstowatch #investment #profit #revenue #thebusinesscorridor Read here: https://lnkd.in/e9VK-nUH

Motilal Oswal Recommends Buying Bharat Forge with a Target Price of Rs 1135 Motilal Oswal has issued a “buy” recommendation for Bharat Forge Ltd. with a target price of Rs 1135. Currently, the stock is trading at Rs 1075.05. Bharat Forge Ltd., a well-established player in the auto ancillaries sector, falls under the Large Cap category with a market capitalization of Rs 50050.78 Crore. The key revenue segments for Bharat Forge Ltd. include Steel Forgings, Scrap, Export Incentives, Job Work, and Wind Mills. For the quarter ending on June 30, 2023, the company reported a consolidated total income of Rs 3941.42 Crore. This reflects a 36.66% increase compared to the same quarter last year and a 6.90% increase compared to the previous quarter. In the latest quarter, the company reported a net profit after tax of Rs 211.19 Crore. As of June 30, 2023, the promoters of Bharat Forge held a 45.25% stake in the company, while foreign institutional investors (FIIs) owned 15.79%, and domestic institutional investors (DIIs) held 28.31%. Investors considering Bharat Forge for their investment portfolio may find Motilal Oswal’s “buy” recommendation and target price of Rs 1135 to be valuable insights as they evaluate the potential investment in the company. Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions. #stockmarket #Financialmarkets https://bit.ly/3th8NF5