Shares of Tata Consumer were trading in the red on Friday ahead of its second-quarter results on Friday. Motilal Oswal expects the company’s revenue to rise 13.5% year-on-year to ₹4,238 crore, led by higher growth from new businesses. It expects the company’s quarterly profit, however, to shrink around 3.6% to ₹337 crore.
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Prestige Estates Projects Ltd shares fell around 3% on Friday, October 18, after the company reported a decline in sales and volumes in the September quarter. The real estate developer registered sales of ₹4,022 crore in the second quarter, a significant drop from ₹7,093 crore from the previous year. Similarly, the first half of FY25 sales reached ₹7,052 crore.
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Asit C Mehta report on Karur Vysya Bank: Karur Vysya Bank's Q2FY25 results were in line with estimates, with a slight upward beat on advances, deposits, and profitability, driven by higher-yielding loans and sustained margins above 4%. Net interest income grew 3.5% QoQ and 15.8% YoY, resulting in a 25.1% YoY increase in PAT.
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