Tue, Oct 1, 2024 4:56 PM
Explained: Why brokerages are divided on Indian IT sector
A Flip by Avya Verma
Garden Reach Shipbuilders on Friday, October 4 said it has it has signed the contract for construction and delivery of one of the four additional four multi-purpose vessels of 7500 DWT. The company said it inked an agreement with Carsten Rehder Schiffsmakler and Reederei GmbH & Co KG Germany on Thursday, October 3, 2024, to construct and deliver the fifth multi-purpose vessel of 7,500 DWT.
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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.
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Shares of Mahindra & Mahindra Financial Services Ltd witnessed a 7% plunge following the decline in disbursements and mixed asset quality figures in the September quarter. Mahindra & Mahindra Financial Services estimated disbursements at approximately ₹13,160 crore in Q2 FY25, representing a 1% year-on-year (YoY) decline. However, the company witnessed an overall disbursement of ₹25,900 crore.
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