Brent crude was $73 per barrel on December 13, 2023. The oil benchmark gained 20% by March 19, 2024. Geo-political tensions such as the recent Ukraine drone attack on Russian facilities and economic uncertainties have increased crude oil prices over the past few months. After touching $88 per barrel on March 19, 2024, Brent crude […]
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Ola Electric market share stands at 2.35% in the Indian two-wheeler sector as per Federation of Automobile Dealers Association (FADA) February 2024 data. In the electric two-wheeler segment, Ola Electric’s market share stands at nearly 40%. The market leader with a strong portfolio of electric scooters, Ola S1 Pro, Ola S1 Air and Ola S1 […]
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Britannia Industries stock price fell 4% after its December Quarter 2023 results were announced. While the street was expecting muted growth in Q3FY24, consistent low single digit revenue YoY growth over the past two quarters disappointed investors. Revenues came in at Rs 4,256 crore in Q3FY24 compared to Rs 4,197 crore, same quarter previous year, […]
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Nifty Auto has gained 66% over the past one year. According to FADA retail vehicles data, the overall auto retail market reported double-digit growth over the past four months, since November 2023. February 2024 retail market grew 13% YoY with three wheelers leading the auto pack. The three-wheeler market saw a significant increase of 24% […]
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Bata India stock price is near its 52-week low. The company delivered yet another muted quarterly performance on February 1st, 2024. Revenue growth was flat, operating margins fell three percentage points YoY and net profit declined 30% YoY in December Quarter 2023. Bata stock price has lost 5% since its Q3FY24 result announcement. December Quarter […]
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Bajaj Auto delivered yet another strong retail YoY growth of 28% in January 2024. Market leader in premium motorcycles in India reported negative retail growth in January 2023 and since then has been in a positive zone. Retail growth was in single digits only in February, April and October 2023. For the rest of the […]
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TVS Motors, the second largest two-wheeler manufacturer India in terms of revenue delivered stellar December Quarter 2023 results. TVS Motors ticked all the right boxes impressing investors with double-digit volume growth, robust revenue base, highest operating margins ever and highest net profit YoY growth over the past five quarters. In March 2020, TVS Motors stock […]
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Vedant Fashions market leader in branded Indian wedding apparel industry delivered a soft December Quarter 2023. The stock price is down 15% since its Q3FY24 results were announced on January 25, 2024. Vedant Fashions offers Indian wedding & celebration wear for men, women & kids through its popular brands Manyavar, Mohey, Twamev, Manthan and Mebaaz. […]
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Bajaj Auto touched its 52-week high of Rs 7,499 on January 25, 2024 and has gained 10% over the past one month. TVS Motor Company’s stock price currently at Rs 2000 levels is near its 52-week high. And Hero MotoCorp made a new 52-week high today as the street expects good December Quarter 2023 results […]
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