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 […]
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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 […]
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Suhani Adilabadkar In a country full of tea lovers, CCL Products is the largest exporter and manufacturer of instant coffee. The company is in the business of manufacturing and selling soluble instant coffee, commonly referred to as instant coffee for more than 28 years. Known for its popular brand, Continental Coffee in India, worldwide CCL […]
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Suhani Adilabadkar Just a few hours to go for the US Federal Reserve to announce the beginning of its interest rate reduction exercise. The US Federal Reserve has held its benchmark interest rates in the range of 5.25-5.5% since July 2023. The world is watching but not with bated breath. The capital markets have already […]
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Indiastockguru Team Tata Consultancy Services (TCS) reported revenues of Rs 62,613 crore up 5.4% YoY and with 2.25% growth sequentially. Constant currency growth stood at 4.4% YoY in June Quarter 2024. In dollar terms, revenues stood at $ 7,505 million with growth of 4.4% YoY in Q1FY25. Markets were expecting a mid-single digit revenue growth […]
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S&P BSE Sensex jumped 1.6% on May 23, 2024 driven by RBI’s highest ever dividend transfer to the Central Government. The Reserve Bank of India (RBI) in its 608th meeting of its Central Board of Directors approved the transfer of Rs 2,10,874 crore as surplus to the Central Government for the accounting year 2023-24. While […]
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ICICI bank stock price made a new 52-week high at Rs 1,160 on April 29, 2024. Stable net interest margin at 4.4%, robust deposit growth of 19.6% YoY and improved Gross and Net non-performing assets at 2.16% and 0.42% respectively drove the stock price to a new 52-week high. Investors were also enthused with strong […]
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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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