Indiatockguru Team Index of Industrial Production (IIP) for the month of July 2024 stood at 4.8% compared to 4.7% in the previous month of June. Computed and published by the Central Statistical Organisation (CSO) every month, IIP exhibits growth in major sectors of the economy, mining, manufacturing and electricity. In July 2024, growth rates of […]
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Indiastockguru Team Finance Minister, Nirmala Sitharaman announced a slew of GST cuts ranging from shared helicopter rides to cancer drugs to namkeens on September 10, 2024. “Namkeens, extruded, expanded savory food items, GST will be reduced prospectively, not retrospectively from 18% to 12%”, said Sitharaman at 54th GST council meet. Stock prices of three major […]
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Indiastockguru Team This is the fifth in a row for Bata India. Muted performance yet again by the market leader in the organized footwear space in Q1FY25. While the premium category is doing well for Bata India, its core value and mass footwear category still bears the brunt of muted demand leading to lower revenue […]
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Indiastockguru Team The Indian auto retail sector witnessed double-digit volume YoY growth of 13.8% in July 2024. All auto segments saw positive YoY volume growth except tractors. Two wheelers led the show in the month of July followed by three wheelers and passenger vehicles. While the two wheeler segment was supported by positive monsoon effect […]
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Indiastockguru Team Ceat stock price fell 3% after June Quarter 2024 results were announced. The street was unhappy with 120 basis points (bps) margin contraction witnessed in Q1FY25 results. Revenue growth was stable at 8.8% YoY, highest over the past five quarters. Revenues came in at Rs 3,193 crore in June Quarter 2024 compared to […]
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Indiastockguru Team A 59-month low retail inflation was reported in July 2024. Retail inflation rate based on All India Consumer Price Index (CPI) number came in at 3.54% for the month of July, 2024. Corresponding retail inflation rate for rural and urban areas is 4.10% and 2.98%, respectively. Reserve Bank of India maintained status quo […]
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Suhani Adilabadkar Torrent Pharma reported stellar June Quarter 2024 results. Domestic formulation business was the key growth driver with 15% YoY growth in Q1FY25. While the Indian market did well, Brazil was muted and the US still in the negative zone. German generic business continued with its stable growth momentum, rising 10% YoY. Highlights Double-Digit […]
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Indiastockguru Team Bajaj Auto reported total wholesale volume growth of 11% in July 2024. Total wholesale volumes stood at 3,54,169 units. Bajaj Auto’s impressive diversified product portfolio includes motorcycles (ICE and CNG), three-wheeler (ICE, CNG and electric) and serves 80 countries globally. Bajaj Auto wholesales volumes is the sum total of its presence across all […]
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Suhani Adilabadkar India Cements stock price touched its new 52-week high of Rs 372.85 on July 29, 2024. The stock price has gained 20% since the last week of June this year. UltraTech Cement, market leader in the domestic cement industry had acquired 22.77% stake in India Cements from ace investor and owner of DMart […]
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Suhani Adilabadkar Gold prices have gone up by 20% over the past six months. Gold is currently hovering around $ 2400 levels in July 2024. Amid geo-political tensions, economic uncertainty and high inflation, safe haven gold is preferred by investors worldwide. Gold prices increased nearly 30% in 2020 with Covid-19 pandemic impacting every sphere of […]
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