Tag: 52 week high

The stock of FMCG major ITC hit a fresh 52-week high of Rs 265.90, up 4 percent on the BSE in Friday's intra-day trade, on the expectation of healthy earnings, against the previous close of Rs 256.60 on BSE. Market cap of the firm rose to Rs 3.26 lakh crore on BSE. The stock of the cigarettes to fast-moving consumer goods (FMCG) major has rallied 24 percent in the past six weeks. For the October-December quarter (Q3FY22), ITC had reported strong all-around revenue performance led by robust recovery across markets due to a rise in mobility and an efficient distribution system. Meanwhile, Motilal Oswal has disclosed its Q4 earnings estimates for the consumer sector. It expects ITC to report a net profit of Rs 4,076.4 crore rising 8.7% year-on-year (down 1.9% quarter-on-quarter). Net sales are expected to rise 4.1 percent Y-o-Y (down 12.7 percent Q-o-Q) to Rs 13,842.1 crore, according to Motilal Oswal. Read more

Shares of YES Bank surged 10.6 percent to Rs 16.25 per share, hitting a 52-week high in an otherwise weak market after rating agency CARE Ratings upgraded the private bank’s credit rating. The stock price has jumped over 22.5 percent in the last month, and more than 10 percent so far in this calendar year. The rating agency upgraded the outlook to 'positive' on account of stable growth in deposits and advances. On Tuesday, the bank said its net advances grew by 8.8 percent to Rs 181,508 crore in the fiscal ended March 31st. The bank's net advances were at Rs 166,893 crore in the previous fiscal ended March 2021. Deposits during the year grew by 21.1 percent to Rs 197,281 crore as against Rs 162,947 crore in FY21.CASA deposits of the bank have also increased by 52 percent during FY21 to Rs 42,587 crore as of March 31, 2021. The credit to deposit ratio stood at 92 percent as of March 31, 2022, compared to 102.4 percent a year ago, the private sector lender said. Read more

Shares of Mphasis rallied 20 per cent to Rs 1,174.7,hits fresh 52 Week high on the BSE on Friday after the company’s April-June quarter (Q1FY21) earnings came in-line with Street estimate. The company reported a 3.9 per cent increase in consolidated net profit at Rs 275.1 crore in the June 2020 quarter. Its net profit stood at Rs 264.6 crore in the year-ago period, Mphasis said in a regulatory filing. The company’s revenue from operations grew 10.9 per cent to Rs 2,288.2 crore in the quarter under review from Rs 2,062.5 crore in the year-ago period. The company announced new TCV (total contract value) wins of USD259m in 1QFY21 in Direct International. This is the highest ever TCV win for a quarter for Mphasis and comprises one large deal win of over USD100m TCV. Read more