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The double-digit growth in volumes is expected mainly due to a healthy recovery in the domestic market, while discounts during the festival season restricted realisations growth to 2% YoY, analysts said.
Hero Motocorp Ltd: The double-digit growth in volumes is expected mainly due to a healthy recovery in the domestic market, while discounts during the festival season restricted realisations’ growth to 2% YoY, analysts said.
India Business News: Benefitting from a steady urban demand, Nestle India reported a rise in quarterly profit of nearly 16%. Nestle India outperformed its large-cap rivals
With the strong catch-up of mid and smallcaps in last couple of months, brokerage house Axis Securities believes the broader market may see some time correction in the near term but the long-term story of the market continues to remain attractive. It lists top mid and small-cap picks for February.
Market experts suggest that any hints of a rate cut from Governor Shaktikanta Das could ignite a fresh rally