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Rajeev Jain of Bajaj Finance is tasked with creating a succession plan. This follows Anup Saha's exit from a leadership role. The board has given Jain six months for this task. The new Managing Director will be announced by March 2028. The board extensively discussed the matter. Jain shared this update with analysts after the results call.
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News and Media
Chemical companies are projected to experience revenue growth of 5-10% in the June 2025 quarter, fueled by increased order intake anticipating US tariffs and a weaker rupee boosting exports. Lower raw material prices are expected to protect margins. However, Chinese competition and geopolitical risks create a complex environment, with investors closely monitoring volume sustainability and pricing power.
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News and Media
Trent's shares plunged nearly 4% following a downgrade by Goldman Sachs from 'buy' to 'neutral,' citing concerns over slowing sales and underperformance of Zudio stores. The brokerage reduced its price target by 21% to 5,500. Despite expecting Zudio's FY25 sales to grow by 60%, Goldman Sachs lowered Trent's revenue and earnings estimates.
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News and Media
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