Ceat stock price jumped 11% intraday after the company announced its September Quarter 2023 results. The street was enthused with better-than-expected margins and stable revenue and volume growth in Q2FY24. But with crude prices on an uneven track, it is a double-edged sword for tyre manufacturers. High raw material prices impact margins and price increases […]
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Bajaj Auto’s stock price touched its new 52-week high rallying 4% after September Quarter 2023 results were announced. Market leader in three-wheelers and 125cc motorcycles in India delivered strong Q2FY24 numbers supported by 15% increase in its average selling price (ASP). Thus, even with an 8% YoY volume decline, revenues came in at Rs 10,838 […]
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Federal Bank reported healthy September Quarter 2023 with robust loan book growth and strong asset quality. The stock price touched its new 52-week high of Rs 152 before Q2FY24 results were announced. The private sector lender’s stock price has since then lost 2.6%. September Quarter 2023 results looks impressive, highest ever net profit and net […]
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Aarti Industries is a leading manufacturer of specialty chemicals and pharmaceuticals in India. The company manufactures chemicals used in the downstream manufacturing of pharmaceuticals, agrochemicals, polymers, additives, surfactants, pigments and dyes. Aarti Industries specializes in benzene-based derivatives. The company’s key value chains include nitro-chloro benzenes, di-chlorobenzenes, phenylenediamines, nitro toluene value chain and sulphuric acid. Muted […]
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Metro Brands reported stable June Quarter 2023 numbers. The company is one of the largest Indian footwear & accessories specialty retailers. Metro Brands is one of the leading aspirational Indian brands in the Indian footwear industry. The company manufactures footwear and other accessories for the entire family with focus on mid and premium segments. As […]
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Kalyan Jewellers Kalyan Jewellers stock price is up 126% over the past one year. Kalyan Jewellers is one the largest jewellery retailers in India with a presence in the Middle East. The company offers an array of traditional and contemporary jewellery designs in gold, diamonds and precious stones catering to the distinct needs of the […]
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Torrent Pharma, flagship company of the Torrent Group, is ranked 6th in the Indian pharmaceuticals market in India. Torrent Pharma stock price has gained 25% over the past one year. The company has presence in the therapeutics segments of cardiovascular, gastro intestinal, central nervous system CNS, vitamins minerals nutritional (VMN) and cosmo-dermatology. It is a […]
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SRF – Q1FY24 update SRF is a chemical based multi business entity engaged in the manufacturing of industrial and specialty intermediates. The company’s diversified business portfolio covers fluorochemicals, specialty chemicals, packaging films, technical textiles, coated and laminated fabrics. SRF has four major business segments, specialty chemicals, fluorochemicals, technical textiles and packaging films. Muted June Quarter […]
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Nifty FMCG rose 0.26% over the past one month, lowest among all the Nifty sectoral indices. High retail inflation and erratic monsoon this year are the significant contributors to the woes of the Indian fast moving consumer goods (FMCG) sector. Inflation trajectory and rainfall pattern and distribution influences rural FMCG revenue contribution in India. Rural […]
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PVR Inox reported lackluster June Quarter 2023 results due to weak movie content and lower occupancy. Occupancy fell to 22.4% in Q1FY24 compared to 31.4% in the same period previous. Lower occupancy led to revenues falling 17% YoY in Q1FY24 to Rs 1,324 crore of the combined entity adjusted for the pro forma numbers (combined […]
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