Avenue Supermarts Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 310650.21 Crore) operating in Retail sector.
A Tata Motors spokesperson said the company rewarded its employees with higher performance pay in FY24 as an acknowledgement of their significant contribution in the overall growth and improvement in the financial performance of the organisation.
There are some businesses, where only a black swan event leads to sharp growth in profit. Otherwise the underlying nature is such that they don't have any sudden spike in their profits. But there is constant growth. The constant growth could be because of many reasons. It may be because of the fact that penetration of that good or service is very low and over a period of time as it improves, both top and bottom line keep moving upward. It could be because of the movement of business from the unorganized sector to the organized sector. Читать дальше...
In Hathras district, Uttar Pradesh, a stampede during a religious event led by 'Vishwa Hari Bhole Baba' killed at least 121 people and injured over 300. The tragedy occurred near Phulrai village, where a massive crowd exceeded expected attendance. Overcrowding, narrow exits, and boggy conditions from an overflowing drain contributed to the chaos. Authorities have launched an investigation, and UP Chief Minister Yogi Adityanath has vowed to identify those responsible. The incident highlights ongoing... Читать дальше...
Jefferies and UBS rate HDFC Bank as Buy. Jefferies also buys M&M Finance; Citi is neutral on M&M. UBS reiterates Buy on HDFC Bank. Citi rates Avenue Supermarts neutral; Morgan Stanley sees it overweight, with sell ratings from both firms.
While we strive to reduce our reliance on FIIs, our Systematic Investment Plan (SIP) contributions are reaching record highs, reflecting growing confidence in the Indian markets.
The Nifty50 formed higher lows for six sessions, pausing after a 900-point surge. It hit a new high of 24,236 but showed a small bearish candle on the daily chart. On the options front, the maximum Call Open Interest (OI) is at the 24,500 and 24,200 strikes, while the maximum Put OI is at the 24,000 and 24,100 strikes.
Equity indices Sensex and Nifty hit lifetime highs but closed flat amid profit-taking in the banking and telecom sectors. Solar Industries rose 8.23%, Kotak Bank fell 2.49%, and Max Health dropped 4.46% Wednesday.
Uttar Pradesh Chief Minister Yogi Adityanath slammed the political parties doing politics over the tragic incident and said, "Doing politics on such an incident is extremely unfortunate and condemnable. This is the time to heal the wounds of the victims, to sympathise with the victims. The government is sensitive in this matter and no culprit will be spared."
Stocks India Cements and Indus Towers under F&O ban. India Cements OI at 115.7%, down 1.9%, while Indus Towers at 80.2%, down 5.4%. Both trading above SMAs and facing ban reversal if OI drops. Market sees minor decline on Tuesday across sectors like banks and auto.
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