FMCG giant Hindustan Unilever (HUL) is projected to post a 2-4% rise in Q2FY25 revenue, partially impacted by pricing cuts made during the quarter. The revenue is estimated to range between Rs 15,621 crore and Rs 15,728 crore, as per estimates from four brokerages.
Wayanad bypoll: Have more experience as people’s rep than Priyanka Gandhi, says BJP’s Navya Haridas (22-10-2024)
Navya Haridas from BJP leverages her extensive political experience against Priyanka Gandhi Vadra of Congress in the Wayanad bypoll. Highlighting Vadra’s lack of grassroots exposure, Haridas aims to address regional issues such as traffic and tribal upliftment while promoting BJP’s development agenda.
SBI General Insurance half yearly profit soars 7 times to Rs 414 crore, GWP up by 16% YoY (22-10-2024)
SBI General Insurance reported a 591% growth in profit after tax at Rs 414 crore for H1FY25. The overall business showed strong growth with GWP growing at 16.1%. The solvency ratio stood at 2.26 times. In H1 FY25, the company’s growth was primarily driven by strong performance in the Motor, Health, Engineering and Marine Cargo segments.
"Tumhari Esi Ki Tesi…": Anil Vij Rages Anger On Street Vendor | #etnow #anilvij #shorts (22-10-2024)
Persistent Systems Q2 results: PAT jumps 23% YoY to Rs 325 crore, revenue up by 20% (22-10-2024)
Persistent Systems reported a 23.4% jump in PAT to Rs 325 crore and a 20% YoY increase in revenue. The company’s revenue for the second quarter ended September 2024 stands at Rs 2,897.15 crore. Persistent Systems posted an EBITDA of Rs 480.73 crore for the reporting period, up by 18.7% YoY, while the EBITDA margin was reported at 16.6%.
Aditya Birla Fashion and Retail Ltd (22-10-2024)
They are slow and steady and think long term. At times that does feel slow and lack lustre.
They do have a ticking clock with all the luxury brands added. The deal has a time and a cost deadline built into it (Sabyasachi, Masaba).
While RIL is doing JVs with brands abroad, ABFRL is wooing designers locally. I think the strategy is great and they can move to Tier 1 and smaller towns also eventually – selling them an expenive wedding lehnga.
The demerger would be good, let the growing brands grow and let the cash making business be independant. The question here is when you get shares for both, it will unlock value for one. Which one will you keep and for how long?
D-I (Disclosure – Invested)
Share market update: Most active stocks in today’s market in terms of volume (22-10-2024)
The NSE Nifty index closed 309.0 points down at 24472.1
Indian markets slump over 1% as FII selling intensifies; small, midcaps bear the brunt (22-10-2024)
Market breadth was extremely negative, with 3,430 stocks declining against just 557 advances on the BSE