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CVs: Growth tapering, discounts returning in auto sector: IIFL Securities

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Analysts of IIFL Securities perceived a risk to the sustainability of low discounts, if any of the larger players lost market share.

• 29 September, 2023
• 12:36 PM
• less than a minute

Accenture's Modest Growth Forecast Rattles Indian IT Stocks

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Accenture reported a 3% sequential decline in deal-bookings in Q4FY23 compared to earlier flat growth expectations, impacting the broader IT sector

• 29 September, 2023
• 12:26 PM
• less than a minute

Demand remains muted; FY24 guidance soft in Indian IT sector: IIFL Securities

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Analysts of IIFL Securities believe ACN’s Q4 results and soft FY24 organic growth outlook of 0-3% CC YoY, combined with the sharp decline in Managed Services bookings highlight the lack of tailwinds in the near-term demand environment.

• 29 September, 2023
• 11:05 AM
• less than a minute

Normalisation of outperformance in FMCG Sector: IIFL Securities

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Moreover, analysts of IIFL Securities expect HUL volume growth to improve to ~7-8% vs ~3-4% currently in the next two quarters, which will spur the stock price.

• 28 September, 2023
• 10:38 AM
• less than a minute

Aditya Birla Fashion completes purchase of 51% stake in TCNS Clothing, becomes promoter

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A 51% stake in TCNS Clothing has been acquired by Aditya Birla Fashion Retail Ltd (ABFRL), making it a promoter of the women's clothing company.

• 27 September, 2023
• 2:36 PM
• less than a minute

Aditya Birla Capital injects Rs 750 crore into AB Finance to fund growth plans

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Aditya Birla Capital received shares on a rights basis on Tuesday, according to the business.

• 27 September, 2023
• 12:00 PM
• less than a minute

Zen Technologies Ltd. Bags order worth Rs 227.65 crores

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A full maintenance contract with a post-warranty cost of Rs 43.22 crore, including GST, is included in the contract.

• 26 September, 2023
• 12:41 PM
• less than a minute

KNR Constructions: Order wins critical now

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Margins should trend down, given the focus on growth and diversification into other states and sectors. Healthy balance sheet is a key positive.

• 26 September, 2023
• 11:53 AM
• less than a minute

Biogen’s Biosimilars – Cash Cow business, with declining growth trajectory

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Excluding deal-related amortization expenses, the Biogen Biosimilars deal could add 24% and 29% to Dr. Reddy’s FY24 revenue and profits on a pro-forma basis.

• 26 September, 2023
• 11:10 AM
• less than a minute

Standard Bank's Custody and Settlement Operations are to be transformed by TCS BaNCS for better...

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With USD 635 billion in assets under custody and administration, SBG runs the largest custody network in sub-Saharan Africa, leading the growth of the continent's capital markets.

• 25 September, 2023
• 1:30 PM
• less than a minute