Commercial vehicle major Ashok Leyland on Friday said it has appointed former Aston Martin chief Andy Palmer as Executive Vice Chairman and CEO of its electric vehicle arm Switch Mobility
Indian Oil or Coal India or both could get booted out of the blue chip company index, which is tracked by funds with assets under management of nearly $20 billion
On June 3, Oberoi Realty's stock surpassed the crucial double top resistance of 630 on a closing basis
The National Company Law Tribunal has initiated insolvency proceedings against construction firm Ahluwalia Contracts India for defaulting on payments to an operational creditor
Given the near-term sales headwinds, the stock could be under pressure; investors can consider the stock on dips
Total income rises 19% to Rs 7,460 cr
Higher raw material costs will put pressure on profitability
As much as 72 per cent of the company's stores reached their full strength almost in December, signaling a recovery
Technical indicators RSI and MACD hint of fresh upside momentum in the IRCTC stock
Says the firm is on course to replace state-owned Gail India in the widely-followed index during the semi-annual review set for March
Bharti Airtel announced the appointment of Pradipt Kapoor as its Chief Information Officer
Supply issues, higher raw material costs are headwinds
Avenue Supermarts Ltd, which owns and operates the supermarket chain D-Mart, on Saturday said its overall sales and sales mix are now trending very close to usual times
Avenue Supermarts Ltd, which owns and operates retail chain D-Mart, on Saturday reported an increase of 16.39 per cent in its consolidated net profit at Rs 446.95 crore for the third quarter ended December 2020. The company had posted a net profit of Rs 384.01 crore in the October-December quarter a year ago, Avenue Supermarts said in a BSE filing. Its revenue from operations was up 10.77 per cent at Rs 7,542 crore during the quarter under review as against Rs 6,808.93 crore in the corresponding quarter last fiscal. Avenue Supermarts' total expenses were at Rs 6,977.88 crore as against Rs 6,325.03 crore, up 10.32 per cent. While on the standalone basis, Avenue Supermarts' net profit was up 19.27 per cent at Rs 470.25 crore as against Rs 394.26 crore of the Q3/FY 2019-20. Its standalone revenue during the quarter was at Rs 7,432.69 crore. Commenting on the results, Avenue Supermarts CEO & Managing Director Neville Noronha said there is further improvement in company's business and
Since October 17, 2020, post July-September quarter (Q2FY21) results, the stock of Avenue Supermarts has rallied 43 per cent, as against a 19-per cent rise in the S&P BSE Sensex
Shares of the retail giant gain 17 per cent over the last week
The stock surpassed its previous high of Rs 2,559, touched on February 13, 2020.
Radhakishan Damani, promoter of Avenue Supermarts, and persons acting in concert have trimmed stake in Tata group's retail arm, Trent, by selling shares for an estimated sum of over Rs 202 crore
While announcing the September quarter (Q2FY21) results on October 17, the company's management said that month-on-month sales have improved during this quarter.
Avenue Supermarts (DMart) is witnessing a breakout from its bullish flag pattern. Further buying momentum would be witnessed if it moves above 2,300