Thu, Feb 8, 2024 8:49 PM
Discoms outstanding dues reduce to Rs 50,000 crore in Jan: Power Minister
A Flip by Shubhangi Gupta
Rakesh Damani-led Avenue Supermarts is set to present its earnings report for the third fiscal quarter of FY25 on January 11, 2025. The higher sales growth, as a result of increased store expansions are likely to lead revenue growth in the high teens. According to a Moneycontrol poll of five brokerages, DMart is likely to report a high revenue growth, up 19 percent on-year, at Rs 15,782 crore.
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Eyewear startup Lenskart has called on bankers to pitch for the company’s initial public offering (IPO) wherein the firm is aiming to raise anywhere between $750 million and $1 billion, sources in the know told Moneycontrol. “The company is eyeing a valuation of $7-8 billion and is likely to list toward the end of fiscal year (FY) 2026,” one of the persons cited above said.
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Foreign portfolio investors (FPIs) resumed their selling streak in January after turning net buyers in December. So far this month, FPIs have sold nearly ₹12,000 crore worth of Indian stocks through exchanges. The change in sentiment reflects the impact of both global and domestic challenges, which is currently affecting overseas investors’ outlook on Indian equities.
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