Volume growth stood at 37% – one of the highest in the past six quarters. While gross margins dipped by 40 bps due to material cost inflation, EBITDA margin improved 160 bps on better scale and cost efficiencies across businesses.
In the Nifty200 pack, nine stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on April 15, according to stockedge.com’s technical scan data.
Amidst global market volatility, BlackRock’s Ben Powell highlights India’s fixed-income market as promising due to easing inflation and the RBI’s accommodative stance. He suggests Indian
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