VIP Industries reported weak September Quarter 2023. While revenue growth came in at 6% YoY, operating margins fell four percentage points YoY and net profit declined 69% YoY in Q2FY24. The company’s internal problems visible through frequent change in top management has led to underperformance over the past 2-3 quarters. With the new managing director […]
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Greenlam Industries stock price jumped 14% after Q2FY24 results were announced. The company delivered robust September Quarter 2023 numbers. Greenlam is among the world’s top 3, Asia’s largest and India’s No. 1 surfacing solutions brand. With its presence in over 100 countries, Greenlam offers end to end surfacing solutions spread across decorative laminates, compact laminates, […]
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Dabur India delivered steady September Quarter 2023 results supported by stable growth in healthcare and home & personal care business. Volume growth came in at 3% YoY in Q2FY24. With Badshah business, volume growth stood at 5.8% YoY in September Quarter 2023. Rural India, though with visible green shoots, is still not in the pink […]
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Syngene International stock price fell 7% after Q2FY24 results were announced on October 18, 2023. Full year growth guidance was cut by the management which didn’t go down well with the street. The September Quarter 2023 results were strong with revenues and net profit or PAT rising 18.5% YoY and 14% YoY respectively in Q2FY24. […]
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Torrent Pharma stock price climbed 3% after strong Q2FY24 results on October 23, 2023. Torrent Pharma, flagship Company of the Torrent Group, is ranked 6th in the Indian Pharmaceuticals Market. 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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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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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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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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