Broader market participation signals a stronger rally ahead: Hemang Jani

Broader market participation signals a stronger rally ahead: Hemang Jani

“It would be difficult to pinpoint a specific theme as such. But overall, we do think that this market has a very good foundation in place,” says Hemang Jani, Independent Market Expert Touch wood to the market rebound. It has been pretty steady the last three days and seems like we are headed in for … Read more

HCL Tech, HDFC Bank among 10 companies which witnessed highest selling by mutual funds in December – Sellers

HCL Tech, HDFC Bank among 10 companies which witnessed highest selling by mutual funds in December – Sellers

Mutual funds reduced holdings in 10 major companies in December, with the highest selling in HDFC Bank (Rs 6,154 crore), followed by Voltas, HCL Tech, Hindustan Aeronautics, and Mphasis, indicating a shift in investment strategies. Source link

Neville Noronha quits Avenue Supermarts, Unilever’s Anshul Asawa to be new CEO

Neville Noronha quits Avenue Supermarts, Unilever’s Anshul Asawa to be new CEO

After serving Avenue Supermarts for over two decades, one of India’s richest CEOs Neville Noronha has decided to not renew his candidature at the parent company of DMart chain of retail stores. His term in the company ends in January 2026, a year from now, after which Unilever‘s Anshul Asawa will fill in his shoes. … Read more

DMart Q3 Results: Standalone profit up 6.5% to Rs 785 crore, revenue jumps 17.5%

DMart Q3 Results: Standalone profit up 6.5% to Rs 785 crore, revenue jumps 17.5%

Avenue Supermarts, which operates the retail chain of DMart, on Saturday announced that its standalone Q3 revenue jumped 17.5% year-on-year (YoY) to Rs 15,565 crore while profit rose 6.5% YoY to Rs 785 crore. The retailer’s EBITDA margin fell to 7.9% in Q3FY25 as compared to 8.5% in Q3FY24 while the PAT margin also decreased … Read more

Venugopal Garre is overweight on both Q-Commerce & organised retail. Here’s why

Venugopal Garre is overweight on both Q-Commerce & organised retail. Here’s why

Venugopal Garre, MD, Bernstein, says they have a very positive in quick commerce (Q-Commerce) and on some of the quick commerce names, both upcoming as well as the ones which exist, they have an overweight stance. He likes organised retail as well. So, from a pivot point of view, it is a very unique situation … Read more

Block deals worth over Rs 16,400 crore this week. DMart, HDFC Bank among stocks with major action

Block deals worth over Rs 16,400 crore this week. DMart, HDFC Bank among stocks with major action

While Nifty ended with a week-on-week decline of 0.20%, it was laden with top action where over three dozen companies from large, mid and smallcap segments witnessed prominent block deals worth Rs 16,445 crore on screen which included both buying and selling action. In the large cap segment, 15 companies witnessed significant block deals on … Read more

DMart shares tumble 5% despite 15% YoY jump in revenue. Should you invest?

DMart shares tumble 5% despite 15% YoY jump in revenue. Should you invest?

Shares of Avenue Supermarts-operated DMart tumbled 5% to their day’s low of Rs 4,701.90 after the company reported 14% growth in its standalone revenues at Rs 14,050 crore for the second quarter and added a net of 6 stores. The total number of stores at the end of September 2024 stood at 377. The Radhakishan … Read more

Stocks in news: YES Bank, DMart, Kotak Bank, Zomato, Hindustan Zinc

Stocks in news: YES Bank, DMart, Kotak Bank, Zomato, Hindustan Zinc

Indian markets opened at record highs but experienced some correction due to a lack of sustained buying on Tuesday. In today’s trade, shares of YES Bank, DMart, Kotak Bank, Zomato, Hindustan Zinc due to various developments. DMartAvenue Supermarts, which operates DMart stores, reported a standalone revenue of Rs 13,712 crore for the quarter ended June … Read more

Hot Stocks: Brokerages view on Avenue Supermarts, Bajaj Finance, ICICI Bank and Sun Pharma

Hot Stocks: Brokerages view on Avenue Supermarts, Bajaj Finance, ICICI Bank and Sun Pharma

Brokerage firm HSBC maintained a buy rating on Sun Pharma, Citigroup recommended a buy rating on ICICI Bank, JPMorgan has an overweight rating on Bajaj Finance and CLSA recommended a buy rating on Avenue Supermarts. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: HSBC on Sun Pharma: … Read more

DMart among 7 stocks on which brokerages initiated coverage, expected to rally up to 30% – Bullish Outlook

DMart among 7 stocks on which brokerages initiated coverage, expected to rally up to 30% – Bullish Outlook

Hero MotoCorp. Share Price 4684.00 03:59 PM | 22 Mar 2024 164.11(3.64%) Maruti Suzuki India. Share Price 12337.70 03:59 PM | 22 Mar 2024 429.56(3.61%) UPL. Share Price 470.00 03:59 PM | 22 Mar 2024 14.45(3.18%) Apollo Hospitals Enterprise. Share Price 6375.90 03:58 PM | 22 Mar 2024 193.40(3.13%) Sun Pharmaceutical Industries. Share Price 1608.90 … Read more