Lux industries reported 22% YoY revenue growth and a 58% YoY fall in net profit in March Quarter 2023. The stock price is up 4% since the Q4FY23 results were released on May 30, 2023. The positive stock price reaction is due to strong double-digit revenue growth, highest among the top quartile of the innerwear […]
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Eicher Motors Limited (EML), parent company of iconic Royal Enfield motorcycles delivered stellar March Quarter 2023 earnings. Eicher Motor’s stock price jumped 6% after Q4FY23 results were announced. The leisure biker reported its highest ever quarterly revenues and profit after tax (PAT) aided by strong volumes and robust export performance. EML’s revenue growth was highest […]
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Federal Bank reported its highest ever net profit of Rs 904 crore in March 2023 Quarter. Asset quality was stable with advances and deposits reporting 20% YoY and 17% YoY growth respectively in March 2023 Quarter. The stock price slid 8% intraday after Q4FY23 results were announced on May 5, 2023. Even with record net […]
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Dabur India Q4FY23 results disappointed investors with its lackluster revenue and net profit growth. The stock price is down 1.5% reacting to weak March 2023 Quarter results. While revenue growth was modest at 6.4% YoY, net profit was flat in Q4FY23. Revenues and net profit came in at Rs 2,678 crore and Rs 293 crore […]
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Supreme Industries stock price is near its 52-week high. The stock price gained 5% since its Q4FY23 results were announced on April 29, 2023. Supreme Industries is engaged in the processing of polymers such as polystyrene and expanded polystyrene (EPS), extruded polystyrene (XPS) and resins into finished plastic products. On a high base, the company’s […]
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Indian rupee depreciated nearly 10% in 2022. Rupee touched 80 levels in July 2022. The Reserve Bank of India (RBI) intervened in the forward and spot market to manage rupee volatility. The Indian Central bank sold a considerable amount of dollars in 2022 to manage rupee volatility which led to fall in its foreign exchange […]
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Page Industries, Lux Industries and Rupa & Company stock prices are at their 52-week low. Dollar Industries stock price has fallen 42% from its 52-week high. With poor December 2022 Quarter performance, stock prices of men, women & kids innerwear companies of the Indian listed space have fallen considerably. In fact FY23 has been tough […]
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Laurus Labs reported consolidated revenues of Rs 1,545 crore in Q3FY23 against Rs 1,029 crore in the same period previous year. While the company reported revenue growth of 50% YoY, sequential revenue and net profit growth fell 2% and 13% respectively in Q3FY23. Operating margins at 26.1% too witnessed 160 basis points (bps) fall in […]
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CEAT is one of India’s leading tyre brands and the flagship company of the RPG group. CEAT produces more than 41 million high performance tyres, catering to various segments like 2-3 wheelers, passenger, utility vehicles, commercial vehicles and off-highway vehicles. Ceat exports its products to 110 countries and caters to more than 50 original equipment […]
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KEI Industries, leading manufacturer of wires and cables (W&C) is among the top three organized players in the Indian W&C industry. The company manufactures low tension (LT) cables, high tension (HT) cables, extra high voltage (EHV) cables and house wires. KEI Industries reported its third quarter FY23 results yesterday on January 23, 2023. The company […]
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