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
The stock was up 2% to Rs 1,649, trading close to its record high level of Rs 1,682 touched on August 2, 2018, on BSE in the intra-day trade.
The stock dipped 4% to Rs 1,142 on the BSE in intra-day trade, its lowest level since February 9, 2018.
Besides high valuations, untested e-commerce venture and pace of expansion are other concerns
The stock hit a new high of Rs 1,620, rallying 19% from its recent low of Rs 1,359 on May 23.
The stock dipped 4% to Rs 1,433 on the BSE in intra-day trade