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A small bullish candle formed on the daily chart with a long upper shadow, indicating a lack of sustained upside momentum. The underlying trend remains choppy with a weak bias. Nifty is expected to bounce from near the lower range of 23,800, with immediate resistance at 24,300.
Category:
News and Media
Jubilant FoodWorks, owner of Domino's and Dunkin' brands, saw a decline in profits this quarter. Revenue, however, increased significantly. The company added 73 new stores, bringing the total to 3,120. Domino's India achieved record high monthly active users. The company's shares closed slightly lower after the announcement of these results.
Category:
News and Media
Share India Securities CEO Sachin Gupta, discusses the company's strong Q2 performance, attributing its growth to a focus on retail business, margin trading facilities (MTF), and merchant banking. Gupta highlights the success of their institutional desk and outlines plans to expand into wealth management services, including AIF and PMS offerings.
Category:
News and Media
Devyani International reported a net loss of Rs 4.92 crore in Q2FY25, despite a 49% YoY revenue growth to Rs 1,222 crore. EBITDA margin declined to 16.3% from 18.3%. The company added 85 new stores and secured exclusive master franchise rights for three modern QSR brands: TeaLive, New York Fries, and Sanook Kitchen.
Category:
News and Media
BEML, the Miniratna company, reported a marginal 0.75% decline in its profit after tax (PAT) for Q2 FY2024, totaling Rs 51.03 crore, compared to Rs 51.78 crore in the same quarter last year. The companys revenue from operations fell by 57% YoY.
Category:
News and Media
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