Tue, Feb 13, 2024 12:46 PM
PSU shares recover from sharp correction, but some stocks face pressure
A Flip by Shubhangi Gupta
Today, the shares of Bharat Heavy Electricals Ltd have rallied over 5 per cent and are currently trading at around Rs 247.50 per share on the BSE. The company’s current market capitalization stands at Rs 86,181.07 crore. Additionally, the shares have delivered over 90 per cent return in the past 1 year.
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Tata Motors, India’s largest electric vehicle manufacturer, is set to announce its second-quarter earnings for FY25 on November 8. Sales are anticipated to remain flat year-over-year, as weaker volumes across several divisions weigh on performance. A Moneycontrol poll of six brokerage firms projects that Tata Motors, the maker of Nexon, will report flat year-on-year revenue at Rs 1.05 lakh crore.
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Titan Company's Q2FY2025 results were impacted by lower jewellery margins, with consolidated revenues up 16% y-o-y and adjusted PAT flat y-o-y, but strong festive and wedding jewellery demand is expected to sustain, with watches maintaining growth momentum and improving profitability in emerging businesses.
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