Mon, Feb 26, 2024 4:23 PM
Panacea Biotec Consolidated December 2023 Net Sales at Rs 150.50 crore!
A Flip by Avya Verma
Shares of Atlassian (NASDAQ: TEAM) fell 11.7% last month, according to data from S&P Global Market Intelligence. The stock dropped rapidly after its quarterly earnings report. Investors raised concerns about future growth potential, and the departure of a key executive contributed to the sentiment. Quarterly results looked good at first glance Atlassian reported 30% revenue growth.
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Asian Paints Ltd., the largest paints company in India reported a volume growth of 10% for its decorative business. This was the upper end of the CNBC-TV18 poll estimate of 8% to 10% growth. However, the stock declined as much as 4% as most of the other parameters were a miss compared to estimates. Revenue for the quarter stood at ₹8,731 crore, which was a decline of 0.6%.
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Rising gold prices and a series of other factors are set to challenge India's gold jewellery market in the first quarter of the current fiscal year. Demand for the precious metal is expected to be subdued due to price volatility. Despite these headwinds, Tata-backed Titan Company Ltd, which houses one of India's top jewellery brands, Tanishq, remains optimistic about the latter half of the year.
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