- Reliance Industries reinstated ‘hold’ at IDBI Capital Market; Price target: Rs 2,825.
- Supreme Industries raised to ‘hold’ at IDBI Capital Market; Price target: Rs 2,702.63.
- Supreme Industries raised to ‘buy’ at BOB Capital Markets; Price target: Rs 2,735
Bharat Forge Announces VRS Scheme For Eligible Employees Working At Mundhwa Plant In Pune
Bharat Forge Ltd. has announced a Voluntary Retirement Scheme for its permanent employees. Employees age over 40 years and have completed 10 years of service at its Mundhwa plant in Pune are eligible for the scheme.
Govt’s Diwali gift: 30 lakh employees to get bonus, money to be credited by Dussehra
Of the 29 analysts tracking the company, 24 maintained ‘buy’, two maintained ‘hold’ and five maintained ‘sell’ recommendations.
SRF Slips As Q2 Net Income Misses Estimate
Shares of SRF Ltd. shed nearly 4.4% to Rs 2,120 apiece after the company reported net income for the second quarter that missed the average analyst estimate.
September Quarter Results (Consolidated, QoQ)
- Net income down 3.2% at Rs 382.45 crore vs Rs 395.28 crore (Bloomberg Consensus Estimate: Rs 420 crore)
- Revenue up 5.17% at Rs 2,838.97 crore vs Rs 2,699.40 crore (Estimate: Rs 2,757 crore)
- Total costs at Rs 2,317.67 crore vs Rs 2,178.27 crore
- Other income at Rs 11.12 crore vs Rs 13.78 crore
Of the 25 analysts tracking the company, 18 maintained ‘buy’, five maintained ‘hold’ and two maintained ‘sell’ recommendations. The overall consensus price of analysts tracked by Bloomberg implied a downside of 15.2%
