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It expects sales to grow by 40% YoY, driven by a 35% growth in beauty and personal care (BPC) category and a 41% growth in fashion gross merchandise value (GMV). EBITDA margin is expected to contract 77 basis points sequentially to 5.5%, but on a YoY basis, it is seen Continue Reading

In line with the September quarter earnings, the incremental gross margin in the Express Parcel and PTL businesses combined continued to be approximately 50% in the third quarter as well. Revenue from Express Parcel services grew 7% quarter-on-quarter to Rs 1,200 crore in the third quarter as against Rs 1,125 Continue Reading

While the stocks of new-age tech cos are yet to come out of the woods, analysts are turning bullish in some of them in the backdrop of an improvement in earnings and their ability to move towards positive profitability.

In the December quarter of FY23, net inflows from DIIs stood at Rs 27,134 crore, and net inflows from Foreign Institutional Investors (FIIs) stood at Rs 47,349 crore. On the back of these strong FII inflows, from the September quarter to the December quarter of FY23, companies such as Yes Continue Reading

“Zomato Management is confident of delivering Ebitda break-even ex-QC by Sep’23, with the possibility of this being achieved in the Mar-23 quarter itself. The absence of a subscription program had impacted growth which has now been corrected,” Jefferies said.

It is a massive player, ultimately the investor has to take his own call. Our stance has been that whenever we saw a correction in these names, we did pick up the names and I will leave it there and frankly I mean our comfort level has grown much more Continue Reading

​So we are looking at the right prices and the right valuation probably and frankly I mean the way India is going obviously when you are talking about capex driven economic growth you are talking about really these kind of stocks doing well. But ultimately we want to take a Continue Reading

Morgan Stanley maintained its overweight stance on Policy Bazaar with a target price of Rs 705. “The company reported a good set of numbers for Q3. It is among the preferred plays in the insurance sector,” said the note.

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Last week it was reported that market regulator Sebi is investigating Adani Group’s links to some of the investors in Adani Enterprises FPO, which was aborted later on. Sebi is said to be investigating relationships between Adani and at least two Mauritius-based firms — Great International Tusker Fund and Ayushmat Continue Reading