Neville Noronha quits Avenue Supermarts, Unilever’s Anshul Asawa to be new CEO
Neville Noronha, CEO of Avenue Supermarts, will not renew his contract ending in January 2026 after leading the company for over two decades. Anshul Asawa from Unilever will take over as CEO Designate from March 2025 and assume full CEO responsibilities in February 2026. Noronha leaves a legacy of achieving significant milestones, including expanding DMart […]
DMart Q3 Results: Standalone profit up 6.5% to Rs 785 crore, revenue jumps 17.5%
The retailer’s EBITDA margin fell to 7.9% in Q3FY25 as compared to 8.5% in Q3FY24 while the PAT margin also decreased to 5% vs 5.5% on a YoY basis.
No more actions on derivatives on anvil: Sebi WTM Narayan
Sebi’s Wholetime Member Ananth Narayan announced that no additional measures will be taken to restrict derivatives trading, emphasizing ongoing efforts to improve risk management and ease of doing business. He also clarified that Sebi is not considering steps on trading eligibility and appropriability, focusing instead on refining risk measurement and connectivity between cash and derivatives […]
Laxmi Dental raises Rs 314 crore from anchor investors ahead of IPO
OrbiMed-backed Laxmi Dental raised over Rs 314 crore from anchor investors before its IPO for public subscription. The anchor round included domestic mutual funds, insurance companies, and foreign entities. The IPO consists of a fresh issue of shares worth Rs 138 crore and an OFS by promoters and existing shareholders worth Rs 560 crore.
Concurrent Gainers: 5 stocks that gain for 5 days in a row
In the five trading sessions leading up to January 10, the Sensex declined by approximately 2.33%, or 1,844 points, closing at 77,378, despite losses in four of those sessions. ETMarkets highlighted five stocks with a market cap of over Rs 1,000 crore that showed consistent price increases during this period. (Data Source: ACE Equity)
F&O Talk| Market in firm grip of Bears; Nifty, Bank Nifty risk further decline: Sudeep Shah of SBI Securities
Indian markets ended the week negatively. Rising crude oil prices and a stronger US dollar affected the market. The Sensex closed at 77,378.91, down by 241.30 points. The Nifty 50 index also declined by 95.00 points to 23,431.50. Investors are keeping a close eye on the Q3 earnings season.
Dalal Street Week Ahead: Market outlook remains bearish; Nifty vulnerable to extended weakness
The markets showed persistent decline over the last week, with the Nifty index breaching key technical levels, including the 200-DMA and 50-week MA, ending significantly lower. This sets a bearish tone for the market, signaling potential prolonged weakness unless resistance levels are surpassed.
TCS among 10 stocks with record dates for dividends, bonuses, splits, rights issue next week. Do you own any?
Shares of companies, including TCS, will gain attention this week due to upcoming corporate actions like dividends, stock splits, and bonus share issuances. Notable dates include January 13 for Shardul Securities’ stock split and January 17 for multiple actions like TCS’s dividend and various stock splits. Investors must note key dates to be eligible for […]
CLSA initiates “Outperform” rating on Hyundai, sets target price of Rs 2,155
CLSA has initiated coverage on Hyundai Motor India with an ‘Outperform’ rating and a target price of Rs 2,155, citing strong growth prospects amid strategic expansion. The firm notes the company’s promising outlook with new capacity additions planned and competitive advantages, despite recent stock underperformance.
Anand Rathi Wealth to consider bonus share issue on January 13
Anand Rathi Wealth will decide on issuing bonus shares at its Board of Directors meeting on January 13, 2025. If approved, it will be the company’s first bonus issuance. The move aims to increase stock liquidity and reward shareholders. Anand Rathi Wealth’s shares have risen 49% over the past year.