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TCS Resilience Continues In Q1FY25, BFSI And North America On Recovery Mode

Suhani Adilabadkar Tata Consultancy Services (TCS) stock price soared 7% on June 12, 2024 driven by better-than-expected June Quarter 2024 results, announced a day before after-market hours. The IT bell-weather’s resilience continued into FY25 with strongest constant currency (cc) YoY growth over the past four quarters, robust operating margins and positive momentum witnessed in the […]

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Retail Inflation Moves Past 5% in June 2024, High Vegetable Price Inflation Persists 

  Suhani Adilabadkar With retail inflation coming above 5% in June 2024, it’s easier for RBI to say no. In the last monetary policy committee (MPC) meeting, the Reserve Bank of India with a majority of 4:2 voted in favour of maintaining the status quo. Repo rate was unchanged  at 6.5% in May 2024. The […]

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TCS Resilience Continues in Q1FY25, Order Book Falls

 Indiastockguru Team Tata Consultancy Services (TCS) reported revenues of Rs 62,613 crore up 5.4% YoY and with 2.25% growth sequentially. Constant currency growth stood at 4.4% YoY in June Quarter 2024.  In dollar terms, revenues stood at $ 7,505 million with growth of 4.4% YoY in Q1FY25. Markets were expecting a mid-single digit revenue growth […]

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India Auto Retail Sector Bows Down To Heat Wave and Delayed Monsoons In June 2024

Indiastockguru Team Poor monsoons and severe heat waves impacted growth of the auto retail sector in India in June 2024. Auto retail sector reported a modest YoY growth of just 0.73%. Delayed rains in West Bengal, Bihar, Uttar Pradesh, Chhattisgarh, and Madhya Pradesh exacerbated the effects of a severe heatwave in northwest India in June […]

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Bajaj Auto Disrupts 125 cc Motorcycle Segment Yet Again, Launches Bajaj Freedom 125

Suhani Adilabadkar Bajaj Auto has always been the strategist. Creating new aspirations, spotting opportunities and riding them with full conviction has been Bajaj Auto’s biggest strength. Bajaj Auto spotted the rise of the 125cc motorcycle segment as BS-VI related costs increased acquisition cost in the 150cc segment. Pulsar 125cc was launched in 2019 and presently […]

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June Two-Wheeler Wholesale Volume Growth Muted, Hero MotoCorp Outpaces Peers 

 Indiastockguru Team June witnessed muted customer sentiment for the two-wheeler sector in India. Except Hero MotoCorp, largest two-wheeler manufacturer by volume in the world, all other major players reported lower YoY volume growth in June 2024. Hero is making strong strides in the 125 cc motorcycle segment with the launch of its Xtreme 125R bike […]

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RBI Projects Lower Retail Inflation In Q2 2024-25, Will Rain Gods Concur

Suhani Adilabadkar Potato prices have gone up by nearly 50% over the past one year. Mixing potato with any vegetable changes its look, taste and the quantity which is essential in the current inflationary scenario. I am talking about food inflation which is above 8% while retail inflation in India is below 5%.  Going back […]

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US Fed Maintains Key Policy Rates, ECB and RBI Guided By Local Weather and Conditions 

The US Federal Reserve kept its benchmark interest rates steady at 5.25- 5.50% in its June 12, 2024 meeting. Earlier last week, the US May jobs report came unexpectedly strong adding 2,72,000 jobs. Gross Domestic Product (GDP) growth rate for the US economy at 1.3% in Q12024, slowed down from 3.4% in Q42023 due to […]

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