 "BSE, stock market")
The earnings season for the fourth quarter (Q4) of the financial year 2023-24 (FY24) is in full swing, with 32 companies, including Sun Pharma, Grasim Industries, Jubilant FoodWorks, Nykaa, and Ramco Cements, set to announce their results on Wednesday, May 22. This period is crucial for domestic markets as these announcements are expected to significantly influence stock movements.
Companies such as Avanti Feeds, NIIT Learning Systems, GMM Pfaudler, TeamLease Services, Ashoka Buildcon, DB Corp, Kaveri Seed Company, Unichem Laboratories, GE Power India, Gandhar Oil Refinery, Talbros Automotive Components, Goldiam International, Dhanlaxmi Bank, and Urja Global are also expected to release their Q4 FY24 earnings today.
Sun Pharma is projected to report robust year-on-year (Y-o-Y) growth in its Q4 FY24 financial results, with revenues expected to rise between 8-14 per cent to reach between Rs 11,858 crore and Rs 12,472 crore, according to brokerage estimates. This growth, driven by higher contributions from the generic multiple myeloma drug Revlimid and specialty products in the US, compares favourably to the Rs 10,930 crore revenue recorded in Q4 FY23.
List of 32 Companies to Post Q4 Results on May 22:
Sun Pharma, Grasim Industries, FSN E-Commerce Ventures (Nykaa), Petronet LNG, The New India Assurance Company, Jubilant FoodWorks, Metro Brands, Gland Pharma, Sundram Fasteners, The Ramco Cements, Garden Reach Shipbuilders & Engineers, Minda Corporation, Gujarat Pipavav Port, HEG, Star Cement, Strides Pharma Science, Avanti Feeds, Indigo Paints, NIIT Learning Systems, GMM Pfaudler, TeamLease Services, Ashoka Buildcon, DB Corp, Kaveri Seed Company, Unichem Laboratories, GE Power India, Gandhar Oil Refinery, Talbros Automotive Components, Everest Industries, Goldiam International, Dhanlaxmi Bank, and Urja Global.
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Asian markets showed mixed performance, while the US stock market ended higher overnight as investors awaited further cues on interest rate trajectories from US Federal Reserve officials.
