Tata Consultancy Services (TCS) maintained its resilient performance in March Quarter 2024. The IT bell-weather reported stable revenue and profitability numbers and 12-quarter high operating margins. Revenues came in at Rs 61,237 crore in Q4FY24 compared to Rs 59,162 crore, same period previous year, a rise of 3.5% YoY. Close peers Infosys and Wipro reported […]
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Asian Paints stock price is near its 52-week low. So is Indigo paints. As Brent crude price breached $ 90 price level, stock prices of paint companies fell heavily on April 12, 2024. The S&P BSE Sensex which crossed the 75,000 historic mark on April 9, 2024, lost two percentage points in the next four […]
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Maruti Suzuki wholesale volumes are up 10% in March 2024. Total wholesales volumes stood at 187,196 units with passenger cars constituting 44% of total volumes. Mini (11,829 units) & compact cars (69,844 units) and light commercial vehicles (3,612 units) reported lackluster growth in March 2024. Mid-size car wholesales volume at 590 units grew 97% YoY. […]
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Marico stock price gained 3% after its Q4FY24 quarterly update was released on April 5, 2024. There were a number of positives in the quarterly update that stirred positive sentiment among investors. Marico’s top-line returned back to positive growth in March Quarter 2024. After three quarters of negative consolidated YoY revenue growth, Marico’s consolidated revenue […]
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Relaxo Footwear reported stable December Quarter 2023 results supported by strong double-digit volume growth and lower raw material cost. Relaxo reported revenue growth of 4.65% at Rs. 7127 million in Q3FY24 against Rs. 6810 million in Q3FY23.
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Bata India Ltd, European footwear giant and India’s most trusted Indian footwear brand reported lackluster December Quarter 2023. Revenue was stagnant and came in at Rs 9,034 million in Q3FY24 compared to Rs 9,002 million same period previous year. Earnings before depreciation, interest, tax and amortization (EBDITA) margin was reported at 21.3% in Q3FY24 compared to 23.7% in the same period previous […]
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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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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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