Near-term demand outlook for textiles remains robust
* Trident (TRID) witnessed robust demand revival in the Textiles segment during 2QFY21 due to high demand from bi..
Flipkart’s investment strengthens balance sheet and growth outlook
* ABFRL raised Rs15bn through a preferential allotment to Flipkart. ABFRL will issue ~73mn eq..
The Central Board of Direct Taxes (CBDT) on Wednesday said that it has issued direct tax refunds refunds of over Rs 1.36 lakh crore to over 40 lakh taxpayers so far in FY..
The company reported standalone net loss during the quarter stood at Rs 14.51 crore compared to net profit of Rs 8.19 crore in the previous year quarter.я Net revenue of..
The company reported standalone net loss during the quarter stood at Rs 85.61 crore as compared to net loss of Rs 29.80 cror..
Technical Positional Pick - Buy Arvind Fashions Ltd For Target Rs. 173 - HDFC Securities
* Stock price has given bullish breakout on the..
Technical Positional Pick - Buy Bombay Dyeing Ltd For Target Rs. 82 - HDFC Securities
The attached weekly timeframe chart of Bombay Dyeing and Man..
After a difficult couple of years, growth comes back in August and holding up well; set for a multiple re‐rating
* Valuation and view – The stock is currently..
Business transformation continues; Upgrade to ADD
Although a weak 1Q (66% sales decline), complete recovery in August is one of the fastest among discretionary compan..
Strong b/s to aid in navigating tough market scenario...
Disruptions owing to the pandemic weighed significantly on the Q1FY21 performance as two-third of the quarter..
Leverage to remain high despite fund raise
Key takeaways from Arvind Fashions’ (ARVINDFA) Q1FY21 result: 1) 77% network is operational in Aug’20 with over..
Near‐term issues taken care of but re‐rating journey might not be all that smooth; prefer Trent and V‐Mart over ABFRL
*Quarter Highlights – Revenue saw so..
Rupee falls 10 paise to 73.94 against US dollar in early trade
Rate decision, US stimulus likely constraints to rupee's further appreciation
NCLT approves sale of IL&FS education arm to LEHL
Hyundai Motor India adds new Board members
Vodafone Idea board to mull raising funds post AGR verdict
Analysis: Making virus crisis budget, India needs to spend, funds may fall short
IRFC IPO to open on Monday in Rs 25-26 per share price band
FAITH hopes for a path-breaking budget for tourism industry
Centre mulls `bad bank`, PSB privatisation for Budget FY22
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