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Bajaj Auto shares jump 6% after Q4 earnings beat estimates; CLSA, Nomura raise target

Shares of Bajaj Auto gained 6.4 percent intraday on May 21 after March quarter earnings surpassed analysts' expectations.While maintaining buy call on the stock and raising price target to Rs 3,000 (from Rs 2,800 earlier), global brokerage CLSA said Q4 results were significantly better than its and consensus expectations.Earnings derived comfort from the company's margin resilience and strong free-cash-flow conversi...

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Jubilant Foodworks share price up 6%, analysts positive even after poor Q4

The share price of Jubilant Foodworks, the master franchise for Domino's Pizza, gained 6 percent intraday on May 21, as brokerage houses remained positive on the stock expecting a strong recovery after a poor March quarter."The industry consolidation and efforts to improve unit economics are key positives. The company's numbers for quarter-ended March were impacted due to lockdown. Credible brand positioning with tr...

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UltraTech Cement share price up on Q4 show; CLSA maintains outperform

UltraTech Cement share price rose more than a percent in the morning trade on BSE on May 21, a day after the company came out with its March quarter results.UltraTech Cement, an Aditya Birla group company, announced a consolidated net profit of Rs 3,243 crore for the quarter. A CNBC-TV18 poll had estimated the consolidated net profit to the tune of Rs 850 crore. The same in the corresponding period of last year stoo...

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L&T Infotech share price jumps 6% on Q4 profit; Morgan Stanley remains overweight

L&T Infotech share price jumped over 6 percent intraday on May 20 after it registered a net profit of Rs 427.5 crore in the March quarter, up 12.9 percent from the year-ago period. Revenue in Q4 stood at Rs 3,011.9 crore, up 21.2 percent YoY.For the full-year ending March 31, the company registered a revenue of Rs 10,878.6 crore, up 15.2 percent YoY. Net profit rose marginally (0.3 percent) to Rs 1,520.5 crore.T...

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Tata Power share price rises 7% post Q4 numbers, board recommends 155% dividend

Tata Power share price rose 7 percent in the early trade on May 20 after the company declared its Q4 FY20 numbers.The company has reported net profit at Rs 474.70 crore in the fourth quarter ended March 2020 against Rs 171.67 crore in a year-ago period.Revenue from operations declined 8 percent YoY to Rs 6,620.80 crore versus Rs 7,229.84 crore.The company board has approved the issuance of non-cumulative, redeemable...

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