Suhani Adilabadkar First the Union Budget and then the RBI gave good news in 2025. While the government gave happiness to the Indian middle class, the Reserve Bank of India added more cheer by reducing interest rate by 25 basis points in February 2025. The monetary policy committee (MPC) unanimously reduced the policy repo rate […]
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Relaxo Footwear reported muted September Quarter 2024 results. Leader in open footwear segment in India, Relaxo Footwear reported revenue fall of 5% YoY in Q2FY25 amid weak demand scenario. Revenues stood at Rs 6794 million in Q2FY25 against Rs. 7153 million in corresponding quarter previous year.
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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 […]
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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 […]
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Suhani Adilabadkar Britannia Industries reported highest volume growth of 8% in Q1FY25 over the past 13 quarters. The investors were happy with mid-single digit revenue growth and modest operating margin expansion, as volume growth moved closer to double-digit mark in June Quarter 2024. Britannia reported revenues of Rs 4,250 crore in Q1FY25, a rise of […]
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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 […]
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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 […]
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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 […]
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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 […]
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Indiastockguru Team Ceat stock price fell 3% after June Quarter 2024 results were announced. The street was unhappy with 120 basis points (bps) margin contraction witnessed in Q1FY25 results. Revenue growth was stable at 8.8% YoY, highest over the past five quarters. Revenues came in at Rs 3,193 crore in June Quarter 2024 compared to […]
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