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Q4 Results LIVE Updates: Dr Reddy's, Dixon react to earnings; Bharti Airtel, Cipla report today
Q4 Results LIVE Updates: It's another earnings-heavy day as investors track numbers coming in from two Nifty 50 constituents Bharti Airtel and Cipla. Bharti Hexacom, TVS Motor, Tata Motors Commercial Vehicles, DLF, Crompton Consumer, DCM Shriram, HPCL, GSK Pharma, Man Infra, Oil India, NLC India, PFC, Sagar Cement, Tube Investments, are among the other important companies to track today. Watch this space for all the live earnings updates.
Godrej Consumer flags short-term margin pain on crude costs
Godrej Consumer Products Ltd anticipates margin pressure in the coming quarters. Elevated crude oil prices are impacting input costs. However, the company believes this inflation cycle is manageable. They expect higher revenue despite margin challenges. This situation is seen as less disruptive than previous commodity price spikes.
Godrej Consumer shares rise 3% after double-digit Q4 sales growth; flags cost pressures from Iran war
Godrej Consumer Products share price saw a 3.5% jump. The company anticipates steady performance for the March quarter. Demand in India remains stable. International businesses in Indonesia and GAUM also show positive trends. Rising crude oil prices present a challenge. The company plans to manage costs through pricing and efficiency measures. Future outlook remains positive.
Stock market today: Trade setup for Gift Nifty 50, US-Iran war, crude oil, gold, silver rates — 8 stocks to buy or sell
Stock market today: Experts have recommended eight stocks to buy today — Reliance Industries, Balrampur Chini Mills, Jubilant FoodWorks, AB Capital, MCX, Ather Energy, Godrej Agrovet, and Yatharth Hospital
Oil India among 4 stocks showing bullish RSI upswing
Four Nifty500 stocks including Oil India, Tata Investment Corporation, Godrej Industries and Newgen Software Technologies showed bullish momentum on February 19, with RSI crossing above 50. The RSI Trending Up scan indicates strengthening price momentum, signalling potential upward movement and offering traders cues for identifying short-term buying opportunities in these stocks.
Nifty Realty falls nearly 2%, Godrej Properties, Prestige down up to 4% as crude-driven inflation worries weigh
The weakness in real estate shares comes amid broader concerns about elevated crude oil prices and their potential inflationary impact, which could delay interest-rate cuts by central banks.