Dolat Analysis News Today

Ultratech Cement, part of the Aditya Birla Group, reported a 68% on-year increase in net profit for the October-December quarter at Rs 1,777 crore on the back of higher volume and lower costs. Revenue rose 8% on-year to Rs 16,740 crore.

Brokerages viz. Goldman Sachs, Citi, CLSA, BofA, Motilal Oswal, JM Financial and Dolat Analysis & Research Themes (DART) recommended a buy on the stock.

The firm expects to beat its previously guided FY24 revenue growth 55-58% YoY (20% organic) and beat its Ebitda margins guidance of 17%

Brokerages maintain a buy order on Polycab.

Shares of L&T Technology Services Ltd gained 3 percent after the company reported strong earnings and revenue guidance.

The private sector lender’s operating expense was up 32% from a year earlier to ₹13,462.1 crore, against ₹10,152.8 crore in the corresponding period of the previous year.

Agencies Maruti Suzuki’s bet on the rural markets is showing results: The share of rural sales is moving fast towards the halfway mark. The country’s largest car maker has sold 584,126 cars in the rural markets from April to January this fiscal of the overall sales of 1.3 million vehicles in this period, registering

Paytm's pre-IPO (Initial Public Offering) investors, which include likes of Warren Buffet's Berkshire Hathway, SoftBank and Alibaba, do not seem to be in a hurry to exit India's leading digital payments brand.

Market participants have been speculating on Paytm, post-expiry of lock-in for pre-IPO investors.

India's largest fintech company Paytm saw its mandatory lock-in expiry end today, with 86 per cent of its shares becoming free to trade.