Elgi Equipments

Coal India, Tata Elxsi among 4 stocks to be wary of as market bounces back

Coal India, Tata Elxsi, Schaeffler and ELGI Equipments have witnessed a 'Death Cross' pattern on the daily chart; hence are likely to face downward pressure going ahead.

Q4 results today: LIC, NMDC, AstraZeneca among 303 firms to post earnings

Q4 FY24 company results: Elgi Equipments, Natco Pharma, Nalco, Goodyear India, and IFB Ind will be releasing their fourth quarter report on May 27

Expect sales to bounce back to normal levels in Q2: Elgi Equipments

Manufacturers of air compressors Elgi Equipments Ltd expects the sales during the second quarter of the current financial year, to bounce back to normal levels, the company said on Sunday. The Tamil Nadu-based company declared its financial results for the April-June 2023 quarter with its profit after tax growing by 24.2 per cent, to Rs 60.5 crore, from Rs 48.7 crore registered in the corresponding quarter of last year. The consolidated sales during the quarter under review rose to Rs 724 crore, from Rs 694 crore registered in the same period of last year. In a statement, the company said compressor business in the domestic market met the targeted numbers. However, sales realisation was affected in the United States market due to temporary disruption caused by the ongoing ERP implementation. The business performance in the Middle East and Africa, Australia and South-East Asian countries were 'satisfactory', the company said. On the outlook for the July-September 2023 quarter, the

UBL, CDSL: 5 oversold mid-, small-caps to bet on amid hopes of mkt reversal

Few oversold stocks have now reached their crucial levels that resulted in a robust breakout earlier. These are resilient cushions, with underlying strength capable of holding accumulative stance

Elgi Equipments, JK Paper: Strategy for stocks that have doubled in 2022

Bharat Dynamics, JK Paper and Hindustan Aeronautics have surged over 100 per cent, while Elgi Equipments and Schaeffler India are just shy from doubling the investor's wealth so far in 2022.

Stocks to Watch: LIC, ONGC, Max Health, Hero Moto, Zee Entertainment, M&M

State-owned insurance behemoth Life Insurance Corporation (LIC) reported a net profit of Rs 682.88 crore in the April-June quarter (Q1) of FY23, driven by its non-par business.

Elgi Equipments bucks weak market trend; zooms 54% in five weeks

The company remains optimistic with respect to growth in FY23 and are well prepared to achieve revenue targets for the year

These 33 stocks on Nifty500 index have hit record highs; more gains likely

Stocks hitting a 52-week high or new all-time high early in the year tend to have more legs for an upside for the rest of the year.

Tamil Nadu signs MoUs worth Rs 5,137 crore, to create over 6,000 jobs

The companies that signed MoUs include Adani Enterprises (Rs 2,300 crore), Visteon (Rs 500 crore) and Airflow Equipments (Rs 320 crore), among others

Elgi Equipments to wind up Chinese subsidiary over economic downturn, Covid

The subsidiary is in the business of import, warehousing, selling and servicing. The winding-up activities are likely to begin shortly

Elgi Equipments hits record high on robust Q4 results

The stock rallied 13% to Rs 185 after the company posted profit of Rs 31 crore in Q4FY16 against Rs 5 crore in a year ago quarter.