Raymond said a recovery in the segment would take a "mid-term time frame" when life is back to normalcy, primarily driven by occasion- and celebration-led dressing
The broader markets, on the flipside, outperformed the benchmarks with the BSE MidCap and SmallCap indices rallying 0.40 per cent and 0.75 per cent, respectively
Nifty50 firms' net profit expected to decline 10.1% QoQ
TCS missed analyst expectations as India business pulled down revenue growth
At a fundamental level, analysts hold a bullish view on the stock, though they are concerned about the valuation
Realty firm Macrotech Developers on Thursday reported an 88 per cent rise in its sales bookings at Rs 957 crore for the quarter ended June on strong demand despite the second wave of Covid pandemic
The company had clocked sales bookings of Rs 487.7 crore in the year-ago period.
India's second-most valuable company, in terms of market capitalisation, is expected to post a stellar show in the first quarter of the financial year 2021-22 (Q1FY22)
The sales were hit only to a small extent until the third week of April, from the rapidly rising second wave of the pandemic, primarily due to the temporary store closures in some important states
The stock hit a record high of Rs 1,484.10, surpassing its previous high of Rs 1,480 touched on April 12, 2021
While the first three weeks of April saw robust demand in what is considered a seasonally strong period, lockdown in multiple states has seen offtake collapse
Restrictions have hurt discretionary, out-of-home categories the most
Its total income during the quarter under review stood at Rs 2,275.60 crore, up 31.96 per cent from the same period a year ago
This comes a year after a major loss when the value of its stock investments plummeted because of the coronavirus pandemic
Swiss drugmaker Novartis on Tuesday said first-quarter core net income fell 4%
Castrol India's Managing Director Sandeep Sangwan attributed the good set of numbers to the focused investments, interventions and actions taken in the second half of 2020
In February, things seemed to be coming under control with vaccination, giving the impression the system would cope with the pandemic
Ericssonreported that across the Southeast Asia, Oceania and India markets, sales rose year-on-year in networks, driven by continued investments in LTE, primarily in India
The non-life insurer had posted a net profit of Rs 282 crore in the corresponding period of 2019-20.
The firm said it is doing all it can to increase productivity and alleviate a worldwide chip shortage