Stay updated with breaking news from Institutional Equities. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Mahindra and Mahindra (M&M) share price continued trading in the positive territory for the second consecutive session as it jumped almost 5 per cent in morning trade on BSE on Thursday.
Brokerages have maintained their ratings and target prices on FSN E-Commerce Ventures, the parent company of Nykaa, after the fashion and beauty online retailer posted in-line numbers during the October-December quarter (Q3) of financial year 2023-24 (FY24). They have, however, cut earnings before interest, tax, depreciation, and amortisation (Ebitda) estimates after weak demand weighed across line items in Q3. 'While revenue growth was healthy at 22 per cent year-on-year (Y-o-Y), gross margins declined 90 basis points (bps), weighed by higher discounting in own brands and lower ad income.
The automaker has a strong order book and pipeline for its utility vehicles, but its tractors business is facing headwinds both in domestic and overseas markets
Info Edge’s real estate and matrimonial business are seeing strong traction, but remain in the red
Shares of NHPC have lost 28% from their record high in seven sessions. The NHPC stock, which hit a record high of Rs 115.85 on February 5 this year fell to a low of Rs 83 in Wednesday’s trade, falling 28.34% during the period. Of the 28% loss, the NHPC shares slipped 14% in the last three sessions after the state-owned hydropower producer announces its Q3 earnings on February 12. In fact, the stock hit an intraday low of Rs 77.71, falling 19% on Monday. The decline in the stock was in line with the Q3 results of NHPC.