ICICI Securities’ Probal Sen views the excise duty hike, not passed to consumers, positively, especially after prior LPG compensation disappointments. The collected excise tax, along with the LPG cylinder price increase, will offset accumulated LPG losses. While the market anticipated a price cut, the government is monitoring crude price trends.
DMart shares slide 3% after brokerages trim target prices post Q4 show
Avenue Supermarts, known for DMart, will be watched on Monday. The company’s Q4 FY25 standalone net profit increased by 2.6% YoY to Rs 619.71 crore.
May 5, 2025