Following this share sale, the company will become compliant with the 25 per cent public shareholding norms.
YES Bank (down 58 per cent), RBL Bank (down 5 per cent) and Prestige Estates Projects (down 0.04 per cent) are the only three counters to trade below their respective QIP prices
The Radhakishan Damani-promoted company is now more valuable than Nestle India and Bajaj Finserv, according to the BSE data
Avenue Supermarts pipped Bajaj Finserv in terms of market capitalisation (m-cap). The stock zoomed 11 per cent during the session to hit a fresh 52-week high of Rs 2,537 on the BSE
The company is currently valued at Rs 1.41 trillion and is among top 20 most valued firms in the country
The domestic services industry began 2020 in a buoyant mood as activity accelerated in January at the fastest pace in seven years on strong domestic demand
Derivatives traders are deploying strategies to profit from huge swings in stock prices typically seen on the day of the Union Budget
The company reported strong revenue, Ebitda growth in Q3, but analysts sceptical of this trend sustaining
The stock was trading close to its all-time high of Rs 2,010, hit on November 8, 2019
The valuations of Reliance Retail have been arrived at using both discounted cash flow method as well as market capitalisation of comparable companies in the listed space
Although a confirm breakout is yet to take shape, still the Delta Corp counter is exhibiting upside on the charts as volumes spike
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Stock up over 20 per cent in three months, but company's aggressive store expansion and low-pricing strategy also suggests medium-term growth levers intact
Analysts tracking the consumer and retail sectors say the five firms have deployed specific market strategies to push their top-line growth at the same time keeping a tight control on costs
Apollo Tyres, Nestle India, SRF and Steel Strips Wheels too hit their respective record highs in intra-day trade today
D-Mart has surged 6% to Rs 1,517, while IndiGo rallied 5% to Rs 1,249 on the BSE in intra-day trade.
Anticipation of rise in operating costs and further pressure on margins may drag sentiment around the stock
Avenue Supermarts, which owns and operates D-Mart supermarket chain, fell 9 per cent to Rs 1,423 on the BSE after the reported a disappointing set of numbers for December quarter.
While topline for the quarter grew well, profit growth remained flat due to gross margin reduction on account of price cuts, says CEO
Basic earnings per share (EPS) for the reported quarter was at Rs 4.12 as compared to Rs 4.03 in the year-ago period