SUMMITSEC News Today

Aditya Birla Group expands presence to branded jewellery retail segment

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The business will be set up under a new venture ‘Novel Jewels Ltd.'

• 06 June, 2023
• 2:27 PM
• less than a minute

Voltas: Departing market share; bets on Voltbek & Project

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Analysts of IIFL Securities cut estimates by ~10% for FY24-25 and downgrade to REDUCE.

• 06 June, 2023
• 11:39 AM
• less than a minute

Q4FY23 Review: Healthy rebound in building material sector: IIFL Securities

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Analysts of IIFL Securities see increased competition coming in from ASTRA and Tile players in FY24.

• 06 June, 2023
• 11:14 AM
• less than a minute

OMCs: Earnings recovering, multiples yet not in Indian Oil & Gas sector: IIFL Securities

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Analysts of IIFL Securities see either a spike in oil, price cuts towards H2 or a combination of both playing out.

• 06 June, 2023
• 10:58 AM
• less than a minute

Wonderla Holidays Ltd Stock Surges 4% as TN Government Waives Local Body Tax

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The Wonderla Holidays Ltd stock has delivered a return of 62.15 % over the past five years.

• 05 June, 2023
• 1:01 PM
• less than a minute

Margin recovery on track in Indian business services sector: IIFL Securities

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SECIS’s domestic growth slowed down in Q4, but analysts of IIFL Securities believe that this was just a blip and momentum will likely normalise in FY24

• 05 June, 2023
• 11:27 AM
• less than a minute

Price declines MoM & QoQ; Q1 trend deviates in cement sector: IIFL Securities

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Most dealers expect prices to go up only post-monsoon, some believe there could be one hike in mid-June to withstand any weakness during the monsoon.

• 05 June, 2023
• 11:11 AM
• less than a minute

Deteriorating metrics in H2FY23 for Indian Retail Sector: IIFL Securities

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Analysts of IIFL Securities realises that majority of this was driven by aggressive store additions; ADS growth across the industry was muted.

• 05 June, 2023
• 10:57 AM
• less than a minute

Manaksia Ltd Declares Final Dividend of Rs 3 per Share, Shares Surge

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Multibagger Stock Declares Rs 3 per Share Final Dividend for Shareholders

• 05 June, 2023
• 9:49 AM
• less than a minute

Aditya Birla Group to invest Rs 1,250 crore into its financial services subsidiary

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According to Aditya Birla Capital Ltd., the preferential issuance would take place at a cost of Rs 165.1 per equity share and is pending approval from shareholders.

• 02 June, 2023
• 10:22 AM
• less than a minute