Tiles sales volumes was down ~1 percent YoY at 25.5 million square metres (MSM), on the back of extended monsoon and festive season
In the past two years, the stock has given 93 percent returns while in the past one year, the scrip has rallied 22 percent
Same store sales growth - a key metric for apparel and retail businesses - fell 8.7 percent in Q3 FY23 over Q3 FY22
The company's board on January 28 recommended an interim dividend of Re 0.60 per share (on face value of Rs 1 each) on the enhanced share capital of the company post Bonus Issue of equity shares in September 2022.
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Bajaj Finance Q3: The net profit surge comes on the back of a healthy growth in disbursements that lifted net interest income by 24 percent to Rs 7,435 crore for the December quarter.
Of the total 30 stocks, Dabur India, ITC, Tata Power and Mahindra & Mahindra were the only stocks that ended in green
PSU Bank, oil & gas, power and metal indices were down 4-6 percent. The BSE midcap index shed 1.2 percent and smallcap index declined 1.9 percent
In September, the group pledged entire stakes in Ambuja Cements (63.2%) and in ACC (56.7%), worth about Rs 96,800 crore, with Deutsche Bank’s Hong Kong branch
Foreign brokerage firm Credit Suisse has downgraded the stock to 'neutral' with the target cut to Rs 3,300 from Rs 4,500 a share
Tata Elxsi's net profit for Oct-Dec came in at Rs 194.68 crore, up 28.97 percent from Rs 150.95 crore in December 2021.
Dr Reddy’s Laboratories reported a 77 percent growth in consolidated net profit at Rs 1,247 crore for the quarter ended December 31, 2022 as against Rs 707 crore a year ago. On a sequential basis, the profit grew 12 percent.
Bajaj Auto's revenue from operations during Oct-Dec came in at Rs 9,315 crore, increasing 3 percent from Rs 9,022 crore, yearly.
Macquarie has kept ‘Outperform’ rating on Cipla with a target at Rs 1,235 per share
Tata Motors Q3: Revenue from operations came in at Rs 88,488.59 crore, up 22.51 percent from Rs 72,229.29 crore, YoY.
Adani Enterprises FPO opens today and the company is planning to raise Rs 20,000 crore. The funds will be utilised for several projects including green hydrogen ecosystem and construction of greenfield expressway.
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Mazagon Dock Shipbuilders topped the list of gainers with 178 percent returns while Adani Power rose 144 percent; Indian Bank, Varun Beverages, Swan Energy, RHI Magnesita India and Adani Total Gas were among the stocks that doubled.
Among sectors, bank, power, PSU bank and realty down 2-3 percent each. The BSE midcap index fell 1.5 percent and smallcap index shed 0.8 percent.
Total income in October-December 2022 quarter declined to Rs 6,631 crore as against Rs 8,917 crore in the year-ago period, United Spirits said in a regulatory filing
Indus Towers posted consolidated loss of Rs 708.2 crore for quarter ended December FY23, against profit of Rs 1,570.8 crore in corresponding period last fiscal.
CarTrade, which is one of India’s largest online auto platforms, recorded the highest-ever quarterly revenue at Rs 115.86 crore in the third quarter of FY23.
The stock fell 14 percent intraday on January 25, 2023, which is the steepest fall since January 24, 2022 when it saw a 19 percent drop
The brokerage points to company-specific positives, and support from sectoral tailwinds
Operating margins of the company fell 16.5 percent in the quarter versus 18.9 percent in the year-ago period due to high cost inventory