VMM: Net Profit at Rs 115 Cr Vs Rs 61 Cr, Revenue at Rs 2548 Cr Vs Rs 2069 Cr (YoY) (Positive) CFF Fluid Control: Net profit Rs. 10 cr vs Rs. 7 cr, Revenue at Rs. 66 cr vs Rs. 47 cr YoY (Positive) Five Star Business: Net profit Rs. 279 cr vs Rs….
Initiate Underperform with TP of Rs 90 Has built the lowest cost offline retail distribution in India 47% of stores have no other value retailer nearby Will face increasing competition & is at peak margin profile Competitors have stronger right to win than Vishal Going to enter a phase of increasing competition from offline and…
The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open lower on Thursday tracking weak global market cues. The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 23,721 level, a discount of nearly 60 points from the Nifty futures’…
Buy or sell: The Nifty Index ended the week at 23,907, firmly holding above the critical support level of 23,000. Despite facing adverse global news, such as the ongoing Russia-Ukraine war and the Adani bribery case, the Nifty managed to maintain its position above 23,000, showcasing resilience in the face of market uncertainty. As highlighted…
