A whiplash from Reserve Bank of India (RBI) led to a 10% fall in Kotak Mahindra Bank stock price. The Central Bank issued a press release dated April 24, 2024 directing Kotak Mahindra Bank “to cease and desist, with immediate effect, from onboarding of new customers through its online and mobile banking channels and issuing […]
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Tata Consultancy Services (TCS) maintained its resilient performance in March Quarter 2024. The IT bell-weather reported stable revenue and profitability numbers and 12-quarter high operating margins. Revenues came in at Rs 61,237 crore in Q4FY24 compared to Rs 59,162 crore, same period previous year, a rise of 3.5% YoY. Close peers Infosys and Wipro reported […]
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Jewellery division constitutes nearly 90% of Titan company’s consolidated revenue. Tanishq, Mia, Zoya and CaratLane are major jewellery brands under Titan’s jewellery division. According to the Q4FY24 quarterly update, jewellery domestic operations grew 19% YoY led by both buyers and same store sales clocking healthy double-digit growth. Growth was similar across gold (plain) and studded […]
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Asian Paints stock price is near its 52-week low. So is Indigo paints. As Brent crude price breached $ 90 price level, stock prices of paint companies fell heavily on April 12, 2024. The S&P BSE Sensex which crossed the 75,000 historic mark on April 9, 2024, lost two percentage points in the next four […]
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Maruti Suzuki wholesale volumes are up 10% in March 2024. Total wholesales volumes stood at 187,196 units with passenger cars constituting 44% of total volumes. Mini (11,829 units) & compact cars (69,844 units) and light commercial vehicles (3,612 units) reported lackluster growth in March 2024. Mid-size car wholesales volume at 590 units grew 97% YoY. […]
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Marico stock price gained 3% after its Q4FY24 quarterly update was released on April 5, 2024. There were a number of positives in the quarterly update that stirred positive sentiment among investors. Marico’s top-line returned back to positive growth in March Quarter 2024. After three quarters of negative consolidated YoY revenue growth, Marico’s consolidated revenue […]
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Aditya Birla Fashion & Retail Ltd (ABFRL) announced the demerger of Madura Fashion and Lifestyle business into a separate listed entity on April 1st 2024 after stock exchange hours. Investors were thrilled with the vertical demerger news as the ABFRL stock price zoomed 10% on April 2nd, 2024. Madura and Pantaloons To Split Up and […]
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Bajaj Auto delivered 27% YoY growth in March 2024 for two-wheeler wholesale volumes. The company has been reporting double-digit wholesale YoY growth since October 2023. While its close peers, TVS Motors and Hero MotoCorp seem to have lost momentum, Bajaj Auto continues to dominate. Domestic market has been roaring for Bajaj Auto led by its […]
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Relaxo Footwear reported stable December Quarter 2023 results supported by strong double-digit volume growth and lower raw material cost. Relaxo reported revenue growth of 4.65% at Rs. 7127 million in Q3FY24 against Rs. 6810 million in Q3FY23.
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