The stock was down 7.55 per cent in trade on Wednesday and ended at Rs 566.45 per share
This was owing to uptick in demand across all formats
Nine-day Navratri festival saw retailers witness the highest footfalls in two-three years across segments such as automobiles, consumer appliances, and apparels
New players like Thrive and DotPe, which charge less, are emerging as alternatives
According to economists, inflation is likely to ease by October as the monsoons have been progressing well with the cumulative rainfall being 9 per cent above the long-term average up to July 12
The Ebitda margins are expected to remain in the 24-25 per cent this fiscal and the acquisition of 40 per cent stake in Roadcast Tech Solutions will help improve efficiencies in delivery
Analysts believe that the Indian retail sector is on the 'cusp of accelerated earnings growth' as consumer sentiment, and discretionary purchases bounce back from Covid-19 pandemic
Signs agreement with US biomedical dept
All QSR majors, however, will face margin pressures given rise in food prices, analysts say
Jubilant Food Works (JFL) would have Golden Harvest's 49 per cent stake in the JV, making JGHL a wholly-owned subsidiary, the company said in a regulatory filing
Adani Power, Barbeque Nation, Cadila, GAIL, Godrej Properties, HCC, ITC, JK Tyre, Kalyan Jewellers, Lupin, Mahindra Holidays, TBZ and Titan are some of the major companies to announce results today
HDFC Bank and HCL Technologies are likely to react to Q3 numbers this morning. While the former reported 18 per cent YoY growth in net, the latter too beat Street expectations.
Concor has indicated a double bottomed pattern on the daily chart and seems well placed to rise further, says the technical analyst from Prabhudas Lilladher
Both the stocks seem to have bottomed out after a decent correction and now indicate a trend reversal on the charts, says the technical analyst from Prabhudas Lilladher
Ferilisers, banking shares along with result-oriented stocks like Just Dial, Jubilant Foodworks, Tata Communication, Nestle India and Rallis India to be in focus today
The company remains "confident of delivering hyper growth and transforming into a food-tech powerhouse"
The final shape of the country's emerging digital economy is still unclear, writes Andy Mukherjee.
SBI Cards and Payment Services (SBI Card) on Monday said it has raised Rs 500 crore by issuing bonds
Parent company Jubilant Foodworks experienced an information security incident, says Pizza company.
Pokarna Engineered Stone, a wholly-owned subsidiary of Pokarna, has started commercial production at its second quartz surface manufacturing facility, with effect from March 24