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, […]
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Titan Company’s quarterly business update was released on January 6, 2023. The stock price fell 2% intraday on the same day. As per the Q3FY23 business update, watches & wearable segment reported sales growth of 14% YoY followed by jewellery segment sales rising 11% YoY. Eye care sales grew 10% YoY. Quarterly growth rates in […]
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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 […]
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The Reserve Bank of India released its bi-monthly Consumer Confidence Survey on December 8, 2022. The survey pertains to the November 2022 period and gathers information about consumers current perceptions and future expectations (current situation vis-a-vis a year ahead) with respect to general economic situation, employment scenario, overall price situation and own income and spending […]
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Nifty PSU bank index rose 3.6% over the past one month beating Nifty 50 down 3.5%. Nifty PSU bank index is the only sectoral index in the positive zone over the past 30 day period. All other indices, from pharma, realty, healthcare, to FMCG, metals and IT Nifty gave negative returns, ranging between 1-10% over […]
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