Latest Stock Market News

​Operating EBITDA (Earnings before interest, tax, depreciation and amortisation) for the company grew by 31% to Rs. 737 crore in the second quarter, compared to EBITDA of Rs 563 crore recorded in the year-ago period. The EBITDA margin for the quarter stood at 10.2% as against 10% reported in the second quarter of 2021-22.

“We are trying to optimise our production cost and channel margin. Most of the benefits that we have taken from last year to this year, have come out of the general reduction and very little from the price increase to the consumer. Going forward also, we intend to do the same thing but not hike prices.”

Now, Nifty has to hold above 18,000 zones, for an up move towards 18,350, then 18,500 zones whereas supports are placed at 17,950 and 17,888 zones,” said Chandan Taparia of Motilal Oswal Financial Services.The index maintained its position above its 200-DMA, and the momentum indicator RSI is in a bullish crossover..

The jewellery business, excluding bullion, saw an 18% YoY growth in revenue to Rs 7,203 crore. Watches and wearables business revenue increased 21% on year to Rs 829 crore. The eye care business reported a 4% growth in revenue to Rs 167 crore.

In the previous June ended quarter, the bank reported a 20% year-on-year (YoY) rise in net profit to Rs 392 crore versus Rs 327 crore in the same quarter of the previous year.

The National Stock Exchange (NSE) listed company has won a major project of EV charger supply from the state-run oil marketing major, the company said in an exchange filing.

Devyani International reported sales growth of 45% YoY to Rs 7,47.4 crore in Q2FY23

“The quarter has been an eventful one for the company with traction across business development, launches and bookings. Bookings performance remained healthy despite a seasonally muted quarter, with momentum across sustenance as well as new launches,” said Kamal Singal, Managing Director and CEO, Arvind SmartSpaces.

"This quarter has again reinforced our belief in the strong growth that we witnessed over the last few quarters. It shows a consistent trend that reflects the transformation of the Indian market for luxury watches, with Ethos as the reference," said Yashovardhan Saboo, Managing Director and Chairman, Ethos Limited. "Our portfolio of brands and assortment of products, best-in-class customer services, globally competitive prices, and the trust that the Ethos name evokes are all coming together to create an environment of sustained growth and profitability."

During the quarter, the number of passengers increased 76% to 19.7 million