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Vedanta share price rises 5% post better than expected Q4 show; Should you Buy, Sell or Hold the stock?

Stock Market Today: Vedanta share price gained more than 5% in morning trades on Friday post Q4 results on Thursday. The earnings performance came better than expectations. Should you Buy, Sell or Hold the stock? Here's what experts say

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Avenue Supermarts regains Rs 3-trillion m-cap; stock zooms 23% in 1 month

Shares of Avenue Supermarts, which owns and operates the DMart stores, hit a two-year high of Rs 4,710.15 as they surged nearly 6 per cent on the BSE in Thursday's (April 4) intraday trade after reporting strong revenue growth in the January-March quarter (Q4) of the previous financial year (FY24).

DMart, in the Q4FY24 pre-quarter update, said the company reported 20 per cent growth in standalone revenue from operations at Rs 12,393 crore, as against Rs 10,337 crore in the third quarter (Q3) of 2022-23 (FY23), driven by a 7 per cent growth in revenue per store and a robust 13 per cent year-on-year (Y-o-Y) increase in store additions.

In Q3 of 2021-22, the company reported revenue of Rs 8,606 crore and in Q3 of 2020-21, it posted revenue of Rs 7,303 crore.

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UltraTech Cement Q3 Result Preview: Lower costs, better realizations to aid profitability improvement, earnings

Q3 Result Preview: UltraTech Cement is expected to report strong Q3 performance led by moderating costs, better realisations. MOFSL estimates Ebitda per tonne at ₹1,236, Kotak ₹1200, versus around ₹903 in the year ago quarter and ₹956 in the previous quarter.

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Equity market valuation rises as US bond yields ease

The Indian equity market valuation has been moving in tandem with the US 10-year treasury yield.

While the benchmark US bond yield has witnessed a nearly 70 basis point decline since the end of October this year, dropping from 4.93 per cent to 4.23 per cent on Friday, the Sensex earnings yield has slipped by nearly 45 basis points - from 4.5 per cent to 4.05 per cent.

Previously, Indian equities' earnings yields rose in sync with the US bond yields.

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Analysts slash SBI Card's earnings estimates post Q2 result

Poor earnings show in the September quarter (Q2FY24), with hints of likely weakness in asset quality going ahead, forced analysts to cut earnings estimates of SBI Cards and Payment Services (SBI Card).

On the bourses, shares of the State bank of India arm tumbled 7.4 per cent to Rs 732 apiece on the BSE in the intraday trade as investors factord in near-term concerns.

Analysts at Motilal Oswal Financial Services, for instance, slashed SBI Card earnings by 8 per cent and 10 per cent for FY24 and FY25, respectively, as they expect the company to face pesistent magin pressure.

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Uday Kotak's departure: Who will occupy the corner office at Kotak Bank next?

Billionaire banker Uday Kotak sprang a surprise over the weekend, announcing he was stepping down as the managing director and chief executive of Kotak Mahindra Bank, an institution he founded over three decades ago.

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LIC Shares Gain 6% After Insurance Behemoth's Net Profit Jumps Multifold; Details

LIC Shares: Life Insurance Corporation of India (LIC) gained 6% in early trade on August 11, 2023, LIC's market capitalization is now over Rs. 6 lakh crore, making it the most valuable company in India, The company's strong financial performance for FY23, LIC Q4 Results and more at news18.com

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Sensex, Nifty fall as weak global cues hurt risk sentiment - The Hindu BusinessLine

Sensex, Nifty fall as weak global cues hurt risk sentiment - The Hindu BusinessLine
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

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