During market hours on Tuesday, the company released its Q2FY24 scorecard, reporting a robust performance across all its key formats. It reported a standalone revenue growth of 59.37% YoY at ₹2,891 crore, driven by aggressive store additions in Zudio and 10% LFL growth in fashion concepts (Westside, Zudio, and otherRead More →
Trent, the retail arm of Tata Group, has seen its stock perform exceptionally well on Dalal Street this year, rewarding its shareholders with a return of 61.7%, appreciating from ₹1,358 apiece to ₹2,196 apiece. Impressively, the stock has consistently delivered positive returns every year since 2014. Among these, 2017 markedRead More →
Also, all sectoral indices closed on a negative note except the realty index. Going ahead, brokerage house Axis Securities believes that macroeconomic developments will continue to drive the market fundamentals in the near term. The critical near-term monitorables will be a) The outcome of the upcoming FOMC meeting, b) TheRead More →
Indian major IT stocks have been reeling under pressure, owing to recession concerns in key economies, ongoing rate hikes by major central banks, slowdown in deal wins and lacklustre earnings. In the past one year, majority of the large cap stocks in this space have underperformed compared to the broaderRead More →
Shares of Plaza Wires have been maintaining a strong upward trend since their listing, hitting the upper circuit limit with each passing day. The company’s shares got listed on the stock exchanges on October 13, 2023, raising ₹71.3 crore through the initial public offering (IPO). The IPO received a tremendousRead More →
Shriram Finance, a non-banking financial company (NBFC), experienced a notable 12.9% surge in its stock price, hitting a new all-time high ₹2,029.7 per share during Friday’s trading session, propelled by its impressive Q2FY24 performance. In its quarterly report released on Thursday, the NBFC reported a consolidated net profit of ₹1,792Read More →
Domestic brokerage firms have retained their existing ratings on Amber Enterprises following the company’s September quarter results. In Q2 FY24, the consumer durable firm reported a net loss of ₹4 crore. This loss was primarily attributed to a significant increase in depreciation cost by 42% year-on-year (YoY) and a 50%Read More →
Shares of Balkrishna Industries, one of the leading manufacturers of over-the-highway tyres, extended their winning streak for the second consecutive trading session on Wednesday, rallying 2.84% to register a new 52-week high of ₹2,640. This increase in stock price is attributed to the company’s Q2 FY24 performance, which came inRead More →
The global bond markets are going through a rough patch. US yields hit a fresh 16-year high after a bond selloff amid growing concerns on hawkish policy comments and interest rates which are likely to remain elevated for a longer period of time. This will in turn lead to aRead More →
Over the years, the stock market in India has experienced a myriad of transformations. The integration of cutting-edge technologies and rapid digitalization has led to a reduction in settlement time, an acceleration in the market pace, and the emergence of new trading techniques. While traditional trading has been the normRead More →
