Globally it is among the lowest cost retailers. DMart deliberately went slow on private-labels in order to avoid being seen to compete with suppliers and key brands
Stock mkt closed: India will embark on Holi celebrations today. In view of the occasion, a public holiday has been declared and prominent institutions, including the markets will remain closed
According to IIFL Alternatives, Shriram Finance is expected to see inflows of nearly Rs 1,300 cr (over 3 days of volumes), while UPL could see outflows of over Rs 700 cr (nearly 5 days of volumes)
Brokerages foresee smooth ride for passenger vehicle maker, with SUV dominance, EV entry on the horizon, and Suzuki Motor Gujarat consolidation
In FY23 and FY24 (7 quarters of two fiscals) they reported higher earnings than in the past decade ending FY22
Stock markets will remain closed on upcoming Monday and Friday, taking the total holidays to three in March, which is the highest for any month in 2024
Analysts said large part of the flows into the FMCG sector were due to the block deal in ITC, where the British American Tobacco (BAT) sold a 3.5 per cent stake for around Rs 17,000 crore
IRB Infrastructure Developers (IRB) owns 51 per cent of the units, with the remaining 49 per cent held by various GIC Affiliates
The Nifty finished at 22,012, with a gain of 173 points, or 0.8 per cent
Demand trends could remain muted in the near term, given weak passenger vehicle replacement demand
The Sensex fell 736 points, or 1.01 per cent, to close at 72,012
FMCG growth is tied to semi-urban and rural demand. Metro and large city demand is almost saturated. Growth comes from smaller places
Currently Indian ancillary makers are not all capable of supplying EV-specific components but some component makers are suppliers to global EV OEMs
Analysts termed Monday's fall as a knee jerk reaction and said the group stocks could gain as the conglomerate has got a clean chit vis-a-vis the allegations by Hindenburg Research
Somnath Mukherjee of ASK Private Wealth says the risk in the smallcap space has more to do with the enhanced regulatory scrutiny and the slowdown in profit growth
At the base offer, promoters would raise Rs 900 crore, while with the green shoe option they would raise about Rs 1,487 crore
The regulator has also approved certain flexibility for FPIs, IPOs, and AIFs
The long-term data, however, suggests the mid and small stocks have on most occasions traded at a premium to the benchmark index
Any trader with a liability of over Rs 10,000 in the form of capital gains had to pay advance tax this month. Additionally, losses can be set off against capital gains
A delay in exiting holdings of such stocks could defer the return of funds to investors, who expect to receive their money back within two to three days, as per current industry practice