The business will be set up under a new venture ‘Novel Jewels Ltd.'
Analysts of IIFL Securities cut estimates by ~10% for FY24-25 and downgrade to REDUCE.
Analysts of IIFL Securities see increased competition coming in from ASTRA and Tile players in FY24.
Analysts of IIFL Securities see either a spike in oil, price cuts towards H2 or a combination of both playing out.
The Wonderla Holidays Ltd stock has delivered a return of 62.15 % over the past five years.
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
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.
Analysts of IIFL Securities realises that majority of this was driven by aggressive store additions; ADS growth across the industry was muted.
Multibagger Stock Declares Rs 3 per Share Final Dividend for Shareholders
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.