January manufacturing PMI rises to 56.5, highest in 4 months
Thu, Feb 1, 2024 11:01 AM

January manufacturing PMI rises to 56.5, highest in 4 months

A Flip by Shubhangi Gupta
Get it on Google Play
Latest data shows India's manufacturing sector growth gained momentum in January, with the HSBC Purchasing Managers' Index reaching a four-month high of 56.5. This is slightly lower than the earlier estimated flash PMI, but still above the expansion threshold for the 31st consecutive month. The growth was driven by domestic demand and manufacturers were able to pass on higher costs to consumers.

More great flips

Greenpanel Industries Q3 PAT may dip 34.6% YoY to Rs. 22.7 cr: PL Capital

Greenpanel Industries Q3 PAT may dip 34.6% YoY to Rs. 22.7 cr: PL Capital

PL Capital has come out with its third quarter (October-December’ 24) earnings estimates for the Building Material sector. The brokerage house expects Greenpanel Industries to report net profit at Rs. 22.7 crore down 34.6% year-on-year (up 22.4% quarter-on-quarter).Net Sales are expected to increase by 0.3 percent Y-o-Y (up 14.9 percent Q-o-Q) to Rs. 387 crore, according to PL Capital.

Open Flip
Buy TVS Motor; target of Rs 2800: Emkay Global Financial

Buy TVS Motor; target of Rs 2800: Emkay Global Financial

TVS Motor's MD, Sudarshan Venu, expects 2W industry demand to recover strongly in CY25/FY26, with double-digit growth in FY25, driven by product actions and exports recovery in key markets like Africa. TVSL aims to outperform, with a focus on premium motorcycles, scooters, and electric vehicles, and is expected to benefit from declining battery prices.

Open Flip
Kajaria Ceramics Q3 PAT may dip 3.8% YoY to Rs. 100.5 cr: PL Capital

Kajaria Ceramics Q3 PAT may dip 3.8% YoY to Rs. 100.5 cr: PL Capital

PL Capital has come out with its third quarter (October-December’ 24) earnings estimates for the Building Material sector. The brokerage house expects Kajaria Ceramics to report net profit at Rs. 100.5 crore down 3.8% year-on-year (up 15.3% quarter-on-quarter).Net Sales are expected to increase by 2.1 percent Y-o-Y (down 0.3 percent Q-o-Q) to Rs. 1,176.3 crore, according to PL Capital.

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