Two Tata Companies Lead Sensex Outperformers in Q4
Two Tata Group entities led a pack of dozen companies in the 30-share Sensex index that outperformed analyst estimates in the three months ended March.
Tata Motors Ltd. beat forecasts by the highest margin, driven by a strong show of its luxury unit Jaguar Land Rover. It reported adjusted earnings per share of Rs 12.8, 112 percent more than the consensus estimate of analysts tracked by Bloomberg.
Tata Steel Ltd. followed, beating estimates by 110 percent. The company reported a consolidated profit of Rs 3,344 crore against a loss in the year-ago period, largely due to better-than-expected performance across geographies.
In all, 12 companies beat forecasts, eight met expectations and 10 reported lower-than-estimated earnings.
Axis Bank Ltd., Adani Ports Ltd. and Larsen & Toubro Ltd. complete the list of top five outperformers. A lower-than-expected fall in net profit helped Axis Bank, while a jump in cargo volumes aided Adani Ports. L&T beat estimates despite a one-off impairment charge on its investment in a joint venture.
-
Signature Play: The Classic Cocktail Is Dead. Or Is It?
Classic cocktails are disappearing from India's cocktail menus. But they're still being ordered, taught to bartenders and borrowed from. So, who's really having the last drink?
-
A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
