Hindalco jumps, NTPC slips as both firms are set to announce their fourth-quarter results today
Hindalco's consolidated profit after tax (PAT) for fourth quarter is seen edging higher by 14 per cent on-year to Rs 2,745 crore compared to Rs 2,411 crore in Q4FY23. Revenue from operations is estimated to slip by 2 per cent year-on-year and come in at Rs 54,655 crore compared to Rs 55,857 crore in the corresponding period of the previous fiscal.
Hindalco rose while multibagger PSU stock NTPC fell as both large-cap firms are set to report their fourth-quarter (January-March quarter, Q4 FY2324) results on Friday, May 24, 2024.
Here's how both stocks are performing on BSE on Friday ahead of the announcements of their respective Q4 numbers.
Hindalco share price
After closing at Rs 676.55 in the session on Thursday, the metal stock rose by 2.06 per cent to Friday's high of Rs 690.55.
The stock that began its journey at Rs 678.15 on Friday closed the session lower by 0.51 per cent, or Rs 3.45, at Rs 673.10.
Hindalco Q4 result preview
Zee Business research analysts expect the country’s largest aluminium and copper producer to report strong March quarter earnings.
The consolidated PAT for January-March quarter is seen edging higher by 14 per cent on-year to Rs 2,745 crore as against Rs 2,411 crore in Q4FY23.
Revenue from operations at the company is estimated to decline by 2 per cent on-year and come in at Rs 54,655 crore versus Rs 55,857 crore in the corresponding period of the previous fiscal.
NTPC share price
The stock of NTPC slipped by nearly one per cent as the multibagger PSU is set to report its fourth-quarter results.
Closing at Rs 372.30 a day ago, NTPC shares slipped by 0.97 per cent on Friday to the day's low of Rs 368.70 each after starting the trading session at Rs 373.65.
The stock closed trading on Friday up by 0.68 per cent, or Rs 2.55, at Rs 374.85.
NTPC shares have soared by over 110 per cent in the one-year period.
NTPC Q4 result preview
Zee Business research is expecting the PSU to report a 1.8 per cent jump on standalone fourth-quarter revenue from operations to Rs 42,074 crore compared to the Rs 41,318 crore it reported Year-on-Year (YoY).
However, it is expecting that the company's profit after tax would slip by five per cent to Rs 5,378 crore compared to Rs 5,672 crore YoY.
The research team expects its EBITDA to rise by 12 per cent to Rs 12,472 crore in the quarter under review from Rs 11,110 crore it reported in the year-ago period,
Margin in Q4 are expected to be 29.6 per cent compared to 27 per cent YoY.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
A Tata group stock just turned every Rs 10,000 of investment into Rs 11,300 in just a week, investors richer by Rs 42,722 crore; any guesses?
Stocks to buy for long term: Analysts suggest buying these 5 largecap, 4 midcap scrips; check out targets
How your NPS retirement corpus and monthly pension can jump by 40% after this rule change; get details
How much investment do you need in this senior citizen scheme to get Rs 50,000 quarterly interest? Know here
04:17 PM IST