Overall, the sentiment largely remained in favor of bears given the long bearish candlestick pattern formation on the daily charts, breaking down of the lower end of the rising channel and bearishness in momentum indicator RSI (relative strength index at 38 level), though there is some possibility of rebound due to consistent selling pressure since record high levels. If the Nifty manages to rebou...

Hindustan Unilever: The FMCG major has recorded standalone net profit at Rs 2,406 crore for the quarter ended March FY24, falling 5.7 percent over the year-ago period, impacted by weak topline as well as operating numbers. Revenue from operations fell 0.2 percent on-year to Rs 14,857 crore for the quarter, with volume growth of 2 percent. EBITDA fell 1 percent year-on-year to Rs 3,435 crore, with ...

Macrotech Developers (Lodha) clocked pre-sales of ~Rs 28.1 bn in Q1FY23 (up 194% y-o-y, but down 19% q-o-q) —its best-ever for any Apr-Jun quarter. The company maintained the ~Rs 115-bn pre-sales guidance for FY23 (~Rs 90 bn in FY22). Collections shot up by 53% y-o-y (down 8% q-o-q). Net debt for the India business dipped to ~Rs 89 bn (~Rs 93 bn in FY22). It also added three JDA projects with GD...

Here is the list of the top 10 stocks that are likely to be in focus on Wednesday:Macrotech Developers: Realty firm Macrotech Developers Ltd (Lodha Group)on Tuesday reported a multi-fold jump in consolidated net profit at Rs1,202.37 crore for the last fiscal on higher revenue and pre-sales. Its net profit stood at Rs40.16 crore in 2020-21, according to a regulatory filing.Bajaj Finance: Buoyed by ...

Mumbai-focused real estate developer Macrotech Ltd (Lodha) reported strong earnings in the December quarter.Investors would remember that its operational update, a pre-cursor to earnings, on 6 January already pointed to a stellar Q3 performance. Sales booking at Rs2,608 crore improved 40% year-on-year (y-o-y) and was highest in the past 12 quarters.The affordable housing segment contributed 63% to...