The company’s standalone revenues grew 14.2%-lower than the 18.4% revenue growth for the quarter to June. The Ebitda margin stood at 7.9%, lower than the 8.9% in the preceding quarter as well as 8.1% in the same quarter last year. The sales revenues per sq ft of retail business area dipped marginally from ₹8,648 in the June quarter to ₹8,582.
Lower yields help boost appeal of corporate bonds (14-10-2024)
Lower-rated entities have been tapping the bond market, as it provides lower cost of funds, versus the MCLR rates. The marginal cost of funds-based lending rate (MCLR) is a benchmark interest rate that banks in India use to determine the interest rates for loans.The Prime Database numbers show bond issuances by private and public sector banks, NBFCs and subsidiaries.
Demand drivers in place for Aluminium producers to shine (14-10-2024)
The firm said the rapid growth in the solar sector, battery industry, and Chinese consumption have led to demand outstripping supply. It has given ‘buy’ calls on Nalco and Vedanta, while maintaining a ‘reduce’ on Hindalco.
Sitting On Cash? Beaten down stocks you could buy to book big upsides (14-10-2024)
After the drop, these stocks can potentially deliver 20% to 50% returns based on the average target prices set by analysts. For example, microfinance firm CreditAccess Grameen has declined 16% in the last three months.
Nifty looks oversold, may pull back to 25,500: Analysts (14-10-2024)
As both indices have reached near monthly support levels, along with current oversold positions, traders can expect a bounce from the current level. Nifty may bounce toward the 25,250-25,500 level and Bank Nifty to 52,200-52,800 in the coming days.
Wipro board to consider issuing bonus shares (13-10-2024)
In an exchange filing, the company stated that its board would discuss the proposal for issuing bonus shares in accordance with the applicable provisions of the Companies Act, 2013, during a meeting scheduled for October 16-17.
Anand Rathi Wealth (13-10-2024)
Rightly pointed out…but the ROE of Anand rathi is also of top notch…and Anand Rathi performing exceedingly well even it has not ventured into Loan against Securities. Huge potential ahead…
Demergers on the radar (13-10-2024)
Gujarat Gas shareholder will receive 1 equity share of the newly formed GSPL Transmission Limited (GTL) for every 3 equity shares they hold in Gujarat Gas
Demergers on the radar (13-10-2024)
Track ITC hotel which is demerger from ITC group. It will good to add after listing.
Brightcom Group Limited (Formerly Lycos Internet) – Way to Digitalization (13-10-2024)
No chatgpt only give information about promoter overall scenario… Not indept or any particular intension