News Overview

Sectoral indices showed mixed performance, with the Metal and Oil & Gas indices in the green. The Oil & Gas index rose by 1.09%, and the Metal index gained 0.44%.

The order, to be supplied to the BHEL-Titagarh consortium, entails the development and validation of Bogie Frames for the sleeper version of the Vande Bharat train set.

The company announced the start of commercial production of carbonated soft drinks and energy drinks at its Gorakhpur facility, with plans to introduce juices and value-added dairy products later.

Same Store Sales Growth (SSSG) in FY24 stood at 19%, contributing significantly to overall retail sales growth.

Avoiding Iranian airspace will lead to longer flight paths, resulting in increased operational costs for carriers and possibly higher airfares for passengers.

It may not all-out war, but the implications for the Indian economy could be huge.

Despite reduced ownership, LIC investments showed a 59% increase in value in FY24, according to stock exchange statistics.

India is the world's largest provider of generic medications, accounting for around 20% of worldwide supply.

TCS’ commentary reaffirms analysts of IIFL Capital Services view of only gradual recovery in revenue growth as project completions and lack of new ramp ups beyond large deals weigh on growth. Analysts of IIFL Capital Services largely maintain their EPS/TP, pegged at 25x 2YF EPS, and forecast 8%/12% USD revenue/EPS Cagr over FY24-26. Maintain ADD.

During the fourth quarter, operating margins increased 150 basis points to 26%, while net margins climbed 100 basis points to 20.3%.