The high valuation of the Indian equity market is justified because of the strong fundamentals of the Indian companies as compared to other emerging markets globally, highlighted a report by Allianz Global Investors.
Demand for domestic appliances was muted in Q2FY25 attributed to weak consumer sentiment and lower liquidity in the distribution channels. Lower stocking by the channels ahead of the festive season also affected sales, especially for kitchen and domestic appliances.
The Indian IT sector is poised for strong earnings growth in the coming years, with a projected double-digit Earnings Per Share (EPS) Compound Annual Growth Rate (CAGR) of 17.5 per cent from FY24 to FY27, according to a recent industry analysis report by Nirmal Bang Equities.
The growth trajectory of quick commerce is underscored by key players such as Zomato's Blinkit, Zepto, and Swiggy Instamart, which are set to reach USD 10 billion in gross order value by FY26.
Hyderabad (Telangana) [India], May 17: NAVA Limited, a leading multinational conglomerate has announced impressive financial results for the fourth quarter and for fiscal year 2024. The company showcased an improved financial performance at standalone level during the quarter, marked by tota
According to a report by Jefferies, with an estimated domestic defense opportunity ranging between USD 100-120 billion over the next 5-6 years, the sector anticipates a visible 13 per cent industry Compound Annual Growth Rate (CAGR) from FY23 to FY30.
Hyderabad (Telangana) [India], February 14: Ramky Infrastructure Limited (NSE: RAMKY) (BSE: 533262), announced its financial results for the quarter ending December 31, 2023, and the nine months ending December 31, 2023.
According to a JP Morgan report, despite experiencing robust GDP growth of nearly 5 per cent in the third quarter, projections suggest a slowdown with expected growth rates of 1-2 per cent in the fourth quarter and 0-1 per cent in the first half of 2024.
During the last fiscal, the company also reported the highest-ever pipeline throughput of 8.19 million tonne. Also, the highest-ever turnover of Rs 23,272.57 crore, a jump of 60.17 per cent year-on-year, according to a statement from the ministry of petroleum and natural gas.
According to a statement filed with stock exchanges, the company's total income went down to Rs.335.72 crore during the reviewed period ended March 31, 2023, as compared to Rs.450.1454 crores during the period ended March 31, 2022.
According to the statement from the company, the total income of the firm went down 1 per cent to Rs 60.19 crore, against Rs 60.81 crore in the year-ago period.