The stock has fallen below its previous low of Rs 1,688, touched on May 27, 2021
The company said that the sales momentum picked up significantly across all product categories backed by expansion in portfolio and existing network.
Motilal Oswal Financial Services believes FY23 will be a difficult year for Muthoot with a clear trade-off between growth and margin
Stocks to Watch today: JSW Steel, FSN E-Commerce Ventures (Nykaa), Jubilant Pharma, GAIL, Glenmark Pharma, Godrej Industries, PB Fintech (Policy Bazaar) will be in focus ahead of their Q4 results.
According to the technical analyst from Anand Rathi, Balkrishna Industries is showing immense strength on the 2-hour chart, while the weekly chart of HDFC Life indicates a sharp up move.
On similar lines, the broader NSE Nifty gained 144.35 points or 0.90 per cent to end at 16,170.15
Despite several attempts, the indices have succumbed to global and domestic cues. Should you use the current market fall to buy for long term? Are the markets discounting the rate hikes by the RBI?
So far this month, the benchmark Sensex and the Nifty indices are down 5 per cent
Tata Motors: CLSA expects a sharp uptick in volume in FY24 driven by a strong order backlog
Timing the markets to catch a low, analysts caution, will not be a wise strategy at the current levels given the slew of domestic and global developments over the next few weeks
Real estate market has witnessed at least 28 land deals, including outright purchases and joint ventures, so far this year comprising over 1,200 acres, according to property consultant Anarock.
CLOSING BELL: The S&P BSE Sensex traded in a broad range of 921 points on Thursday as it hit a high and low of 54,346 and 53,425, respectively
ITC said the dividend will be paid between July 22, 2022 and July 26, 2022 to entitled members.
Analysts believe that the government's curb on 10 metric ton sugar exports would not cause a major impact as their expectation was lower than the limit for this year.
Select sugar stocks like Balrampur Chini, Dwarikesh Sugar and Renuka had jumped up to 6-fold post the Covid-19 decline; However, off late the stocks have corrected sharply post export limitations.
In the past one month, Nifty Next 50 index was down 14%, as compared to 7% decline in the Nifty 50 index.
Going forward, analysts are cautiously optimistic on the prospects of the airline as it manages demand revival amid increased competition
The company said the macro environment continues to be challenging due to volatility in costs and disruptions across supply chains.
In Q4 EBITDA margin improved 182 basis points (bps) YoY and 21 bps sequentially at 24.2 per cent.
In Q4, the company posted net loss of Rs 118 crore against profit of Rs 324 crore in the year ago quarter