ICICI Bank continued its stellar performance delivering double-digit growth numbers yet again in Q1FY24. ICICI Bank stock price has gained 21% over the past one year. Net interest income (NII) came in at Rs 1,82,27 crore in June Quarter 2023, a rise of 38% YoY. Net interest margin (NIM) stood at 4.78% in Q1FY24 compared […]
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Cipla Q1FY24 – Result Update Indiastockguru Team Cipla beat street estimates reporting robust June Quarter 2023. Cipla’s share price jumped 8% after Q1FY24 results were announced. The Indian pharma major reported 45% YoY increase in net profit and 18% YoY jump in revenues in June Quarter 2023. High revenue growth was driven by highest ever […]
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Polycab India reported highest ever quarterly revenues and net profit in June Quarter 2023. The stock price jumped nearly 4% post Q1FY24 result announcement. Polycab India made a new 52-week high as its revenues and profit after tax (PAT) jumped 42% YoY and 81% YoY respectively in June Quarter 2023. Polycab India Limited is one […]
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Two Wheeler Retail Sales
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Brent crude price has fallen more than 26% over the past one year. The government and central banks tangoed across all major economies to chain in inflation which led to oil’s downfall. High inflation reduces demand by eroding consumer purchasing power impacting every sphere of economic activity. Gross domestic product (GDP) growth rate of all […]
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In a hot and dry June weather in India, respite came in the form of 25-month low retail inflation in May 2023 the RBI. Consumer price index (CPI) or retail inflation in India slowed down to 4.25%, closer to the Reserve Bank of India’s (RBI) comfort level. The Indian central bank is required to maintain […]
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Hindustan Unilever, Marico, Godrej Consumer Products, Britannia and Nestle are near their 52-week highs. Nifty FMCG is up 35% YoY. The fast moving consumer goods (FMCG) sector is on a roll after strong and stable March Quarter 2023 results. Declining retail inflation in April 2023 improved sentiment among investors. With stable commodity prices, cooling inflation […]
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Varun Beverages stock price has more than doubled over the past one year. Strong volumes, robust margins and consistent growth in revenues and profitability has stirred a strong investor interest in Varun Beverages Ltd (VBL). While the Indian fast moving consumer goods (FMCG) sector reels under lower volume growth rate, VBL’s volumes are growing in […]
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