Sunday, October 25
A new generation of Tatas is slowly rising at one of India's biggest conglomerates, the Tata Group, after the death of legendary industrialist Ratan Tata when his half-brother, Noel Naval Tata, filled his shoes and was appointed in October last year the chairman of Tata Trusts, the philanthropic arm of the Tata Group, broadly comprising Sir Ratan Tata Trust & Allied Trusts, and Sir Dorabji Tata Trust & Allied Trusts, which hold a controlling 66% stake in Tata Sons, the holding and promoter firm of Tata Group companies.With Noel Tata becoming Ratan Tata's successor, his children are also assuming larger responsibilities. ET has reported today that Noel Tata's daughters, Maya and Leah, have been inducted on the board of trustees of the Sir Ratan Tata Industrial Institute (SRTII), a s
Equity indices ended marginally lower in a volatile session on Wednesday, as investors stayed on the sidelines ahead of the earnings season amid lower economic growth projections.Stocks that were in focus include names like Delta Corp, which rose 3% and Waaree Energies, which declined 3% and Tata Technologies, whose shares gained 0.37% on Tuesday.Here's what Riyank Arora, Technical Analyst at Mehta Equities, recommends investors should do with these stocks when the market resumes trading today.Delta CorpDelta Corp is showing early signs of a reversal as it bounces off a critical support level of Rs 110. The stock has a robust base at Rs 104, which should act as a safety net in case of any downside.If the current momentum sustains, the stock is well-positioned to move higher towards Rs 120
The third quarter earnings will be kicked-off from today with IT behemoth Tata Consultancy Services (TCS) as usual the first to announce its results. TCS will be among 9 companies who will release their quarterly report cards later today. Key earnings to track include that of IREDA and Tata Elxsi.TCS Q3 expectationsTCS is expected to report an year-on-year revenue uptick between 5.2% and 6.4% for Q3FY25. The topline could be in the range of Rs 63,710 crore and Rs 64,500 crore for the quarter ended December 31, according to estimates by four brokerages.On the bottom line front, Motilal Oswal Financial Services (MOFSL) expects adjusted profit after tax (PAT) growth of 8.1% in Q3 of FY25, which remains highest among the brokerages whose views are incorporated. Elara Capital sees a 10% YoY gro
Judgement in the rape and murder of an on-duty doctor at R G Kar Medical College and Hospital in August last year will be delivered on January 18 by the designated judge of Sealdah court here. The Central Bureau of Investigation (CBI), which was handed over the probe into the case from the Kolkata Police by the Calcutta High Court, prayed for awarding of death sentence to Sanjay Roy, who was charged with the gruesome crime. Hearing in the trial was concluded on Thursday, following which the additional district and sessions judge of Sealdah court said that the judgement will be delivered on January 18. Maintaining that other persons were also involved in the crime, the parents of the victim postgraduate trainee said that they expect that they will also be arrested and tried before the court
Global brokerage firm Jefferies has reiterated its ‘buy’ rating on InterGlobe Aviation, the parent company of IndiGo, increasing the stock’s target price to Rs 5,260 from the previous target of Rs 5,100, describing the airline as a ‘unique, strong franchise’.Jefferies has mainly focussed on IndiGo’s strong market position and the anticipation of positive developments despite recent challenges.IndiGo holds a dominant market share of over 60% in the domestic air travel sector in India.The stock has recently underperformed, following a significant miss in the company's second-quarter (2Q) results. This underperformance was attributed to higher costs, which impacted profitability during that period.The foreign brokerage firm, however, expects cost normalization in the future. This
