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On May 28, anticipate Q4 outcomes from General Insurance Corporation of India, EIH, ITI, Aditya Birla Fashion and Retail, Brigade Enterprises, NBCC, Rites, Engineers India, Ingersoll-Rand (India), PTC Industries, and MMTC, among other companies. They are part of the 30 entities scheduled to release their quarterly financial reports today.
Q4 results today on May 28: The fourth quarter earnings season for this fiscal year began in the second week of April and is still ongoing. Over 500 companies are scheduled to announce their fourth quarter results in this week
Q4 results on May 28: Today, on Tuesday, May 28, over 30 companies are poised to unveil their financial results for the fourth quarter (Q4) of fiscal year 2024. The earnings season for FY24Q4 commenced in the second week of April and is currently ongoing. This week, more than 500 companies are slated to disclose their fourth-quarter results.
In the domestic market, the FY24Q4 outcomes are poised to significantly influence stock movements. Notably, today, companies such as IRCTC, Linde India, Aditya Birla Fashion & Retail, GIC, EIH, ITI, NBCC, Wockhardt, Medplus Health Services, Eureka Forbes, Responsive Industries, Campus Activewear, Greenlam Industries, JSW Holdings, MTAR Technologies, J Kumar Infraprojects, and Apeejay Surrendra Park Hotels are anticipated to announce their Q4FY24 earnings.
Market analysts observe a substantial surge in the markets, attributed to India's robust economy, political steadiness, and the projected triumph of a BJP-led coalition for a third term, expected to uphold economic expansion. Additionally, robust fourth-quarter earnings are poised to bolster the market's ongoing bullish trend.
These declarations will encompass diverse sectors, offering perspectives into the broader economic panorama. Ranging from prominent tech firms to renowned consumer labels, these Q4 earnings disclosures will unveil patterns and future growth projections.
Indian Railway Catering & Tourism Corporation (IRCTC), Linde India, Prestige Estates Projects, General Insurance Corporation of India, EIH, ITI, Aditya Birla Fashion and Retail, Brigade Enterprises, NBCC (India), Amara Raja Energy & Mobility, R R Kabel, Aster DM Healthcare, Rites, Engineers India, Ingersoll-Rand (India), PTC Industries, MMTC, TTK Prestige, Gujarat Narmada Valley Fertilizers & Chemicals, Mishra Dhatu Nigam, Wockhardt, Medplus Health Services, Eureka Forbes, Responsive Industries, Campus Activewear, Greenlam Industries, JSW Holdings, MTAR Technologies, J Kumar Infraprojects, Apeejay Surrendra Park Hotels, and other companies are expected to announce their financial results.
On Tuesday, Indian benchmark indices began positively despite mixed signals from global markets. At the opening bell, Sensex rose by 168.32 points, or 0.22%, reaching 75,558.82, while Nifty climbed by 40.30 points, or 0.18%, to 22,972.75.
US markets remained closed on Monday due to a holiday, but Nasdaq 100 futures surged 0.4% to achieve a new high, and European markets experienced slight gains.
European Central Bank officials advocated for an interest rate reduction next week, emphasizing the sustained decline in euro area inflation, according to Olli Rehn, ECB governing council member.
On May 28, the People’s Bank of China announced plans to conduct a 5 billion yuan 3-month central bank bill swap.
Geopolitical tensions in the Middle East led to an increase in crude oil prices. West Texas Intermediate climbed by 1.22% from Friday's closing, reaching $78.67 per barrel, with no settlement on Monday due to a US holiday. Meanwhile, Brent remained steady at $83.06 per barrel.
Source: Livemint
