Top Picks - Upcoming Monsoon Critical for Broad-Based Recovery - June 2023
Axis Top Picks basket delivered impressive returns of 25% in the last one year, outperforming the benchmark Index NIFTY 50 (12% returns in one...
522 Views
Vedant Fashion OFS - Well Flagged and Recent Earnings Momentum Has Been Decent
Vedant Fashions (MANYAVAR IN)' Promoter is looking to raise US$239m via trimming a 7% stake in the firm. The selldown here is to meet the minimum...
515 Views
HSIE Results Daily: Avenue Supermarts, Tata Motors, DLF
Avenue Supermarts: Revenue grew by 20.1% (four-year CAGR: 19.7%) Sales density remained lower than the pre-pandemic level (~INR31.1k/sq ft in FY23...
275 Views
Relaxo Footwear Ltd - Recovery on Cards: Upgrade to BUY
The Company’s Q4FY23 result was robust. Revenue grew 10% YoY (24% volume growth) as company regained the lost market share and strong growth in...
271 Views
Consumer Discretionary - Discretionary Peak Most Certainly Behind Us
Demand peak in discretionary categories seems to be behind us: Our discretionary universe is expected to grow by ~19% YoY (revenue) in Q4FY23 (four...
486 Views