“Increasing or correcting the prices is a continuous affair and whenever the international prices come off, we have to pass on the benefit because we are competing with other brands in the country. We want to increase our market share and so obviously we have to be price conscious as well as reach conscious. ”
During the day, the stock surged up to 11 per cent to reach 52-week high at Rs 237.90. The stock has doubled in the last one year and given around 20 per cent return in the last one month. If the last five years are considered, the stock is a multibagger having delivered a return of over 660 per cent.
Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) was recorded at Rs 264 crore, a growth of 283% as compared to Rs 69 crore in the same quarter of the previous year. Aided by industry tailwinds and strong execution, Kalyan’s business has seen a significant acceleration in scale, growth and profitability.
"There has been a pattern in recent meetings, like the Reserve Bank of Australia this week, where central banks have struggled to convince markets they are going to follow through with hikes that have been priced in," Jonas Goltermann, senior economist at Capital Economics, said.
The Relative Strength Index (RSI) is at 70.1. RSI above 70 is considered overbought. This implies that stock may show pullback, Trendlyne data showed. MACD is above its center and signal Line, this is a bullish indicator.Other parameters such as Price Volume Trend which helps in the identification of the primary
This is despite the company reporting a 63.35 per cent YoY rise in sales at Rs 4,449.49 crore compared with Rs 2,723.82 crore in the same quarter last year.
The scale of the earnings hit was far beyond expectations - analysts polled by Refinitiv had estimated a 15% drop - and appeared to catch investors by surprise. Toyota's shares extended losses, sliding 3%.Despite the grim quarter, the automaker stuck to both its forecast for full-year operating profit and its plan to produce 9.7 million vehicles this year, citing what it said was strong residual demand.
Toyota fell 3.45% after it released its earnings report, which showed a 42% year-on-year decline in operating profit, before paring losses slightly to close down 2.99%."I can't say the results were good, but they weren't so bad as to be a surprise," said a market participant at a domestic securities firm.
"We have learnt that the traditional engage-to-earn technique can be applied using crypto to make daily user earnings seamless. The creator market in India mostly relies on brand associations, however, creators on Taki have regular earnings by posting rich content and engagement. . Taki is now an open and accessible platform as we move ahead from the invite-only phase."