Goal: ₹11 CMP: ₹15.79 Vodafone Thought reported blended efficiency for the quarter. It reported income of ₹10,510 crore (down 0.9 per cent q-o-q, down 1.4 per cent y-o-y). The sequential decline in income was as a result of 2.5 million decline in subscriber base to 210.1 million; whereas ARPU was flat sequentially at ₹146. The … Read more
Centrum Broking Goal: ₹1,875 CMP: ₹1,768.45 Havells India’s gross sales progress was wholesome at 20 per cent y-o-y to ₹5,800 crore, 3 per cent above our estimate, largely pushed by Lloyd (+47 per cent y-o-y) and ECD (+20 per cent y-o-y led by followers and air-coolers) amid sturdy summer time season. Gross margin rose 150 … Read more
Highlighting that home sugar costs have stabilised, with ex-mill value at ₹37.5/kg in Uttar Pradesh and ₹34/kg in Maharashtra, a report by Centrum Broking has mentioned that costs could be anticipated to rise throughout low season. “Sugar costs, which initially noticed beneficial situations firstly of the season however later corrected because of the imposition of … Read more