Tata Motors’ EBIT margin outlook is heavily reliant on volumes, with major margin drivers currently decreasing, according to YES Securities. Tata Motors generated free cash flow (FCF) in a traditionally sluggish June quarter. Despite lower volumes, JLR’s richer product mix resulted in profitability. The Tata group company also recorded a significant increase in commercial vehicle…
Zomato: Zomato’s share price hit a record high of ₹278.45 on Friday, August 2, following the release of the company’s Q1FY25 results. The shares opened at ₹244 each on the BSE, marking a 5% increase. Zomato’s Q1FY25 net profit increased to ₹253 crore from ₹2 crore in Q1FY24, owing to increasing gross order value in…
Zomato Shares Reach New Highs Zomato shares rose 2% on Thursday, reaching a record 52-week high of Rs 234 per share and a total market valuation of Rs 2.05 lakh billion. The stock’s value has increased thrice since its 52-week low. Zomato, a food delivery company, is slated to disclose its quarterly results for the…
Canara Bank: The retail segment led loan growth, while deposit growth was modest, with the CASA ratio showing sequential deceleration, according to the MOFSL report. Which bank is completely owned by the government? Some of India’s largest government banks are the State Bank of India, Punjab National Bank, Bank of Baroda, Canara Bank, Central Bank…
Today, Infosys released its first-quarter results: India’s IT behemoth Infosys, which will report its first-quarter results on July 18, 2024, is expected to achieve solid sequential revenue growth in the first quarter ending June 2024, owing to a surge in large agreements. According to brokerages, the second-largest IT services provider is expected to record greater…
