The shift of the auspicious Navratri to April instead of March last year led to strong growth in the auto retail sector in April 2024. The 2-wheeler segment with 33% YoY retail volume sales growth was the major contributor to overall retail auto growth. The 2-wheeler segment contributed 74% to total auto retail mix in […]
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RBI Monetary Policy Committee is scheduled to meet on 5-7 June 2024. The European Central Bank (ECB) meeting is scheduled to meet on June 6. Both Central Banks will decide whether to hold interest rates or start their interest rate cut exercise before the US Federal Reserve bites the bullet. Both India and the European […]
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ICICI bank stock price made a new 52-week high at Rs 1,160 on April 29, 2024. Stable net interest margin at 4.4%, robust deposit growth of 19.6% YoY and improved Gross and Net non-performing assets at 2.16% and 0.42% respectively drove the stock price to a new 52-week high. Investors were also enthused with strong […]
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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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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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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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