Banking sector is expected to report a strong December Quarter 2022, driven by strong credit growth, improving asset quality and stable net interest margins. Bank Nifty is up 2% over the past 30 days. So is the Nifty Private Bank index. It’s the PSU bank index ahead of the private peers yet again in Q3FY23. […]
Continue Reading
Will the auto sector volumes go back to pre-Covid levels in 2023
Continue Reading
Tata Consultancy Services (TCS) stock price fell 2% post its December quarter 2022 result announcement. Revenue growth came in at 19% YoY and net profit grew 11% YoY, but the street was not impressed. Nifty IT is the worst performing sector index down 26% YoY. While the present uncertain global macro-economic and geopolitical tensions persist, […]
Continue Reading
Festive season is definitely over, this can be gauged from the wholesale and retail 2-wheeler numbers of December 2022. While Hero MotoCorp (HMCL) reported flat YoY wholesale volume growth, Bajaj Auto (BAL) and TVS Motors wholesale volumes contracted 2% and 3% respectively in December 2022. .The overall wholesale volumes for top three listed two-wheeler manufacturers […]
Continue Reading