The competitive intensity obviously is increasing in the value space. But I think it is more economy-related slowdown and when slowdown reaches the discount sellers sort of like DMart that indicates significant stress on the consumer’s pockets.
Posts in category Economic Times
Hot Stocks: Brokerage views on Avenue Supermarts, M&M and Bajaj Finance (04-10-2024)
Goldman Sachs has a Sell rating on Avenue Supermarts with a target price of Rs 4,050, citing growth slowdowns linked to Q-Commerce and a 2% cut in FY26/27 EPS estimates. Macquarie maintains an Outperform rating at Rs 5,600, noting moderated sales growth and below-estimate store additions. Morgan Stanley holds an Overweight rating on M&M (target price Rs 3,304), expecting the Thar’s monthly run rate to rise to 8,000-10,000 units.
Share price of Mphasis rises as Nifty weakens (04-10-2024)
A total of 2,037 shares changed hands on the counter till 10:24AM (IST).
Stock market update: Stocks that hit 52-week lows on NSE (04-10-2024)
BPCL, Shriram Finance, Bajaj Finance, M&M and Hero MotoCorp were among the top losers on NSE.
India’s 10-year bond yield hits 3-week high as US peers, oil prices surge (04-10-2024)
Indian government bond yields increased, with the 10-year yield reaching a three-week high. The rise was influenced by higher oil prices and U.S. yields due to Middle East tensions. The government plans to raise 390 billion rupees through a bond auction. Additional rate cuts by the Reserve Bank of India and the U.S. Federal Reserve are anticipated.
Lupin shares gain 0.93% as Sensex falls (04-10-2024)
The stock quoted a 52-week high of Rs 2312.0 and a 52-week low of Rs 1113.0.
Sensex falls! These stocks are down 5% or more on BSE (04-10-2024)
In the Nifty pack, 20 stocks were trading in the green, while 30 stocks were trading in the red.
Vedanta reports record quarterly, half-yearly aluminium production. Stock slips 2% (04-10-2024)
Vedanta achieved its highest-ever quarterly and half-yearly aluminium production at 1205 kt. Alumina production increased 21% YoY, and Zinc India’s refined metal production rose 5% YoY. The company also saw a 37% YoY growth in consolidated net profit for Q1 ending June 2024.
Petronet LNG among 4 stocks with White Marubozu Pattern (04-10-2024)
On October 3, four stocks with a market cap over Rs 10,000 crore came to the bullish scanner of “White Marubozu”, according to stockedge.com’s technical scan data.
Info Edge shares gain 2.12% as Sensex falls (04-10-2024)
The stock quoted a 52-week high of Rs 8302.0 and a 52-week low of Rs 3973.15.