Fri, Oct 18, 2024 2:49 PM
Manappuram Finance shares tumble 18% as RBI takes action on subsidiary
A Flip by Shubhangi Gupta
✨According to Motilal Oswal, Titan is expected to record net sales of ₹16,570 crore versus ₹14,430 crore in the second quarter. ✨Analysts see Trent is seen delivering a revenue of ₹4,936 crore in Q3 compared to ₹4,278 crore in the current quarter. ✨Analysts see Aditya Birla Fashion, to see revenue escalate to ₹4,790 crore in the festive quarter from ₹3,651 crore in Q2.
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Wipro's Q2FY25 revenue exceeded estimates, driven by BFSI-led growth, with 3/6 verticals showing positive QoQ growth and a 35bps QoQ margin expansion. However, the company faces challenges in simultaneous growth across all verticals, with continued weakness in manufacturing and energy. The Q3FY25 guidance is muted, with a revised target price of INR 500.
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Shares of Motilal Oswal Financial Services have surged 36.7% over last two weeks and 23% in the past week, reaching an all-time high of Rs 1,002.95. The stock displays a robust uptrend across all time frames, characterized by a series of higher tops and bottoms. Additionally, it has recently regained support from the 20-day and 50-day SMA and has bounced back strongly, signaling a positive trend.
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