The stock of the retail chain Avenue Supermarts (Dmart) was the biggest loser in the BSE 100 Index shedding 4.35 per cent on Thursday and added to these losses on Monday by falling an additional 1.3 per cent. The Street was reacting to lower than expected operational performance by the company in the March quarter. The country’s largest listed retailer by market capitalisation reported a 20 per cent year-on-year (y-o-y) growth in its top line to Rs 10,337 crore.
Posts tagged Rediff
More Pain Lies Ahead For The Markets (19-04-2023)
Expect heightened volatility and stress to hit the markets. Caution may be the need of the hour, alerts Akash Prakash.
More Pain Lies Ahead For The Markets (19-04-2023)
Expect heightened volatility and stress to hit the markets. Caution may be the need of the hour, alerts Akash Prakash.
Over 85% active large-cap schemes underperform in 2022 (19-04-2023)
Over 87 per cent of active large-cap schemes failed to outperform the benchmark S and P BSE 100 (total return) in the 2022 calendar year (CY), significantly higher than the 2021 figure of 50 per cent, shows a report by S and P Dow Jones Indices. During the three-year period (CY 2020, ’21, ’22), the percentage of schemes underperforming the index was even higher at 97 per cent. While active large-cap schemes generally find it tough to outperform due to a rising efficiency in the market, 2022 proved to be even more challenging as mid-cap and small-cap stocks (where they have some allocation) performed poorly vis-a-vis the large-caps.
Over 85% active large-cap schemes underperform in 2022 (19-04-2023)
Over 87 per cent of active large-cap schemes failed to outperform the benchmark S and P BSE 100 (total return) in the 2022 calendar year (CY), significantly higher than the 2021 figure of 50 per cent, shows a report by S and P Dow Jones Indices. During the three-year period (CY 2020, ’21, ’22), the percentage of schemes underperforming the index was even higher at 97 per cent. While active large-cap schemes generally find it tough to outperform due to a rising efficiency in the market, 2022 proved to be even more challenging as mid-cap and small-cap stocks (where they have some allocation) performed poorly vis-a-vis the large-caps.
Weak demand get tile makers walking on eggshells (19-04-2023)
Listed ceramic tile makers posted a low-key performance in the October-December quarter (third quarter, or Q3) of 2022-23 (FY23) caused by weak demand, excess supply, and cost pressures. Although some pressures are expected to linger in the near term, the Street is divided on the outlook. While some brokerages accept as true that the demand situation has deteriorated, others hint at a modest improvement over the past three months and relief on account of lower gas prices.
Why Apple, Walmart Are Bullish On India (19-04-2023)
At a time when the overall narrative is around India being an attractive investment destination, the two American multinationals are more specific in projecting India as their centrepiece.
NCLAT member recuses himself from Google’s case (18-04-2023)
A Judicial member of the appellate tribunal NCLAT has recused himself from hearing a petition filed by tech giant Google, appealing against Rs 936.44 crore penalty imposed by competition watchdog CCI for abusing its dominant position with respect to Play Store policies. On Monday, NCLAT bench Justice Rakesh Kumar and Alok Srivastava ordered Google’s appeal to be listed before another bench of which Justice Rakesh Kumar is not a party. It has asked the registry of the National Company Law Appellate Tribunal (NCLAT) to place it before the chairman of the appellate tribunal for this.
India Moves From China to Taiwan For High-Tech Imports (18-04-2023)
India’s overall imports from Taiwan during April-February rose by 34 per cent to $7.5 billion.
Market share of Maruti, Hyundai slipped in FY23 (18-04-2023)
Tata Motors, Mahindra and Mahindra and Kia India on the other hand witnessed an increase in their market share based on the retail sales last fiscal. As per the Federation of Automobile Dealers Associations (FADA), the retail sales of country’s largest carmaker Maruti Suzuki India rose to 14,79,221 units in 2022-23 fiscal, attaining a market share of 40.86 per cent. It had retailed 12,39,688 units in 2021-22 and grabbed a market share of 42.13 per cent.