Fri, Nov 15, 2024 12:11 PM
Samsung Stock Rises Most in Nearly Four Years on Valuation Draw
A Flip by Avya Verma
PI Industries' revenue and EBITDA missed estimates due to a domestic segment decline and increased expenses, but adjusted PAT was in line; FY26E EPS estimates were decreased to INR 140.6 due to reduced guidance and demand fluctuations. Despite this, the "BUY" rating is maintained with a target price of INR 4,922, citing new product launches and CSM export growth.
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Happiest Minds Technologies' Q2FY25 earnings missed estimates despite a revenue beat, with PAT declining 15.3% YoY due to higher interest expense and tax rates. The company's EBIT margin stood at 13.2%, with a PAT margin of 9.5%. The target price has been lowered to INR 803, implying an 8.5% upside. Happiest Minds Technologies' shares are maintained at an "accumulate" rating.
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Schneider Electric Infrastructure Q2 Results 2024:Schneider Electric Infrastructure declared its Q2 results for the fiscal year 2024 on 14 Nov, 2024, revealing significant growth in both revenue and profit. The company reported a topline increase of 20.96% year-over-year, with total revenue amounting to ₹599.71 crore. The profit for the quarter rose by 26.62% year-over-year.
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