Budget 2024: Power sector likely to gain momentum riding on renewable energy
Most brokerages anticipate a focus on fiscal consolidation and priorities regarding capital and non-capital expenditure.
Source: thestatesman.com
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Budget 2024: Renewable energy could add momentum to power stocks
Analysts expect higher capital expenditure for renewable energy, incentives for green initiatives, and production-linked incentives for solar module manufacturing.
Source: moneycontrol.com
Vedanta Q3 results today: Is Dalal Street eyeing for something beyond earnings?
Vedanta Ltd is set to release its earnings today, with focus on its ability to meet debt obligations. The mining conglomerate is expected to report consolidated revenue of Rs 33,676-35,477 crore and a net profit between Rs 974 crore and Rs 1,589 crore. Operating profit is projected to be in the range of Rs 6,667 crore to Rs 7,988 crore. Vedanta reduced its net debt by Rs 1,420 crore in the September quarter, but debt reduction remains a primary concern for the market.
Source: indiatimes.com
Vedanta Q3 results today: Profit to fall over 30%; all eyes on dividend payout guidance
Vedanta Q3 results: Phillip Capital expects Vedanta to report a 30 per cent YoY drop in net profit at Rs 1,097.40 crore compared with Rs 1,561 crore in the same quarter last year.
Source: businesstoday.in
Laurus Labs shares crash 10% after missing Q3 estimates
In Q3, the company's revenue dropped 23% year-on-year (YoY) at Rs 1,195 crore while profit also dropped 89% YoY to Rs 23 crore.
Source: indiatimes.com