Eicher Motors reported robust June Quarter 2023 results. The stock price was up 3% intraday after Q1FY24 results were announced. But even with a 3% jump, Eicher Motors stock price could not recoup its 7% fall suffered since July 3, 2023. Eicher Motors reported consolidated revenue growth of Rs 3,986 crore, highest ever quarterly revenues, […]
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Astral Astral stock price has gained 50% from its 52-week low of Rs 1,297 struck in March 2023. Astral has two main business verticals, plumbing (pipes, fittings, water tanks, faucets and sanitary ware) and paints & adhesives. The company is planning to put three new units of pipes. First unit at Guwahati (capacity of 22,000 […]
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Dabur India, the Indian FMCG ayurvedic major reported strong Q1FY24 earnings. The stock price jumped 3% intraday after the June Quarter 2023 result announcement. While rural volume growth has just turned positive for Hindustan Unilever (HUL) in Q1FY24, Marico is yet to witness green shoots in the rural arena. Overall, FMCG market reported volume growth […]
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July retail auto sales increased 10% YoY, similar to June 2023. All auto categories reported positive YoY jump in retail sales, but it was a different story sequentially. Three wheelers is the only auto category that witnessed retail sales increase both YoY and sequentially. Three-wheeler retail sales increased 74% YoY and 9% QoQ in July […]
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Unseasonal rains took fizz out of Varun Beverages volume growth in June Quarter 2023. The second largest franchisee of PepsiCo outside the USA reported stable Q2CY23 results. Varun Beverages Ltd (VBL) produces and distributes carbonated soft drinks (CSDs), non-carbonated beverages (NCBs) and packaged drinking water sold under trademarks owned by PepsiCo. VBL produces and sells […]
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Bata India stock price is up 6-7% over the past two days. A possible tie up with Adidas is in the works according to a CNBC report. After falling 3% intraday post muted Q1FY24 results, a possible Bata-Adidas deal reared up Bata India stock price which was down 11% till August 14, 2023. It’s a […]
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Axis Bank reported steady June Quarter 2023 results aided by strong loan growth and other income. The third largest private lender reported robust net interest income (NII) rising 27% YoY in Q1FY24. NII came in at Rs 11,959 crore in June Quarter 2023 compared to Rs 9,384 crore corresponding quarter previous year. Net interest margin […]
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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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Marico reported consolidated revenues of Rs 2,477 crore in Q1FY24 against Rs 2,558 crore, corresponding quarter previous year. While revenues reported 3% YoY fall in June Quarter 2023, net profit increased 15% YoY at Rs 427crore. Domestic revenues came in at Rs 1,827 crore down 5% YoY in Q1FY24. Lower revenue growth was due to […]
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