TVS Motor Company’s Electric Scooter Segment Wholesale Volume Rises 79%

Indiastockguru Team TVS Motor Company’s electric scooter wholesale volumes increased 79% YoY in December 2024. The electric scooter segment with flagship brand, TVS iQube witnessed robust wholesale volume growth in 2024. In 2020, TVS Motor Company launched its first electric product, the TVS iQube and has since expanded its offerings across a diverse range. TVS […]

Continue Reading

Ultratech Cement Delivers Muted Q2FY25 Results 

Indiastockguru Team Ultratech Cement stock price closed 1.93% lower today as the market leader reported muted numbers for September Quarter 2024. Revenue from operations was down 2.35% YoY to Rs 15,635 crore in Q2FY25 compared to Rs 16,012 crore, corresponding quarter previous year. The company reported consolidated sales volume of 27.84 million tonnes with marginal […]

Continue Reading

Reliance Industries Q2FY25 – Result Update

Indiastockguru Team Reliance Industries reported muted September Quarter 2024 with 0.8% YoY growth in its gross revenue. The company reported gross revenue of Rs 258,027 crore in Q2FY25. EBITDA margin at 17% fell 50 basis points in Q2FY25. Profit after tax (PAT) at Rs 19,323 crore fell 2.8% YoY in September Quarter 2024. Jio Platforms […]

Continue Reading

Tata Consultancy Services Reports Mixed Results, TCV Falls 23% YoY

Indiastockguru Team Tata Consultancy Services (TCS) reported mixed results for September Quarter 2024. While revenue momentum continued with 7% YoY growth, margins contracted 0.2% YoY and order book or total contract value fell 23% YoY. TCS stock price has fallen nearly 1.8% since the Q2FY25 results were announced yesterday. Clients maintained their cautious stance and […]

Continue Reading

Indian Foreign Exchange Reserves Cross $ 700 Billion Mark 

Indiastockguru Team  The world is taking a look at Indian foreign exchange reserves of $704 billion and how India has the fourth largest forex reserves as of September 2024. Behind China, Japan and Switzerland, India once had forex reserves enough only to cover its import bill of just three weeks. That was in 1991 when […]

Continue Reading

Maruti Suzuki & Tata Motors Report Muted Wholesales In September 2024, Maruti Suzuki’s EV To Showcased In January 2024 

Indiastockguru Team   Mahindra & Mahindra continued with a winning streak reporting strong wholesale YoY volume growth in September 2024, unlike its close peers, Maruti Suzuki and Tata Motors. While shift of shradh period in September 2024 impacted wholesales, inventory calibration is another reason for lower wholesales. According to FADA press release in September, there […]

Continue Reading

IIP Growth Improves Mildly In July 2024, Stands at 4.8%

Indiatockguru Team Index of Industrial Production (IIP) for the month of July 2024 stood at 4.8% compared to 4.7% in the previous month of June. Computed and published by the Central Statistical Organisation (CSO) every month, IIP exhibits growth in major sectors of the economy, mining, manufacturing and electricity. In July 2024, growth rates of […]

Continue Reading

Bikaji Foods Become Tastier With GST Reduction, Stock Price Soars 5% 

Indiastockguru Team  Finance Minister, Nirmala Sitharaman announced a slew of GST cuts ranging from shared helicopter rides to cancer drugs to namkeens on September 10, 2024. “Namkeens, extruded, expanded savory food items, GST will be reduced prospectively, not retrospectively from 18% to 12%”, said Sitharaman at 54th GST council meet. Stock prices of three major […]

Continue Reading

Bata India Q1FY25 Result Disappoints, Store Count In Tier III and Below Cities To Increase 

Indiastockguru Team  This is the fifth in a row for Bata India. Muted performance yet again by the market leader in the organized footwear space in Q1FY25. While the premium category is doing well for Bata India, its core value and mass footwear category still bears the brunt of muted demand leading to lower revenue […]

Continue Reading

July Retail Volume Growth In Double-Digits, Tractors Stutter

Indiastockguru Team The Indian auto retail sector witnessed double-digit volume YoY growth of 13.8% in July 2024. All auto segments saw positive YoY volume growth except tractors. Two wheelers led the show in the month of July followed by three wheelers and passenger vehicles.  While the two wheeler segment was supported by positive monsoon effect […]

Continue Reading