DMart Shares Plummet Over 4% As Q2 Topline Growth Divides Brokerages
Fri, Oct 4, 2024 10:51 AM

DMart Shares Plummet Over 4% As Q2 Topline Growth Divides Brokerages

A Flip by Avya Verma
Get it on Google Play
Shares of DMart parent Avenue Supermarts were tanking on Friday as the retailer’s second-quarter business update split brokerages on the company’s performance. What Happened: Brokerages had a mixed outlook on DMart as the company reported a 14% year-on-year increase in Q2 standalone revenue, reaching ₹14,050 crore for the quarter ended September 2024.

More great flips

Block deals worth over Rs 5,683 crore this week!

Block deals worth over Rs 5,683 crore this week!

While Nifty ended with a weak-on-weak decline of 4.9% on Friday, it was laden with top action where over three dozen companies from large, mid and smallcap segments witnessed prominent block deals worth Rs 5,683 crore on screen, which included both buying and selling action. In the largecap segment, 15 companies witnessed significant block deals on the screen worth Rs 2,477 crore.

Open Flip
Reliance Infrastructure faces arbitral award of ₹494 crore in EPC dispute

Reliance Infrastructure faces arbitral award of ₹494 crore in EPC dispute

Anil Ambani's flagship firm Reliance Infrastructure Ltd on Friday (December 20) said it has been ordered to pay ₹494 crore, along with interest, following an arbitral award passed on December 18, 2024, in a dispute with Aravali Power Company Private Ltd (APCPL) over an EPC contract. "..it is hereby informed that today the company is in receipt of an arbitral award dated December 18, 2024.

Open Flip
Why gold remains vulnerable despite a sharp uptick on Friday

Why gold remains vulnerable despite a sharp uptick on Friday

Spot gold, reeling under the huge downside pressure due to lack of China’s stimulus details, strong US data and the Fed’s hawkish shift in its monetary policy announced on Wednesday fell below $2600, though it recovered some of its losses in the last two trading days of the week. The metal closed with a gain of 1.13% at $2624 on Friday.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon