The volume deceleration in FY23 was due to a contraction of 5-6% in the second half of the fiscal year due to weakness in Europe and the US. The European operations reported volume drop in each of the three quarters to March 2023.
Dalal Street Week Ahead: Sideways consolidation likely to persist amid global trade uncertainty
The Nifty experienced a week of range-bound trading, closing slightly lower with a 0.53% loss. Facing resistance near the upper edge of a rising channel,