11:49 AM
COMMENT:: Need to monitor US corporate earnings closely
Equity markets are reacting to economic weakness, highlighted by disappointing earnings from a few US consumer-focused companies. It’s crucial to monitor these developments closely in the coming months.
– Trideep Bhattacharya is President and Chief Investment Officer- Equities of Edelweiss Asset Management Limited (EAML) and the views expressed above are his own.
10:50 AM
Earnings growth priced-in Divi’s Labs stock, niche biz to expand: Analysts
Shares of Divis Laboratories fell 2.41 to Rs 4870 per share on the BSE in Monday’s intraday deals. This came despite the company delivering a 21 percent year-on-year (YoY) rise in net profit for the first quarter of financial year 2024-24 (Q1FY25). Divis Labs on Saturday reported a 21 per cent YoY increase in net profit to Rs 430 crore for Q1 FY25 from Rs 356 crore in the same quarter last year. READ MORE
