Wed, Apr 3, 2024 12:23 PM
Sony Pictures Networks India seeks to increase subscriber base
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LKP Research's research report on Bajaj Auto: Bajaj Auto Limited (Bajaj) reported Q2 FY25 topline growth of 20.6% yoy and 10% qoq as volumes in the domestic markets were up by 22% yoy on demand uptick seen in both 3W and 2W industry. During the quarter, domestic motorcycles grew by 26% yoy. The growth was due to success of >125 cc bikes, Triumph expansion, EV 3W and Chetak success.
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Farmers in Maharashtra have sown rabi crops over 64,782 hectares as of Monday, down 64% from 180,661 hectares sown in the corresponding period last year, according to the season's first rabi acreage report published by the state's agriculture department. The normal rabi acreage for the period, which is an average of the five years, from 2016 to 2021, is 5.4 million hectares.
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Infosys' revenue rose 3.1% q-o-q in constant currency terms to $4,894 million, in line with estimates, but EBIT margins missed expectations at 21.1%. The company raised FY25 revenue growth guidance to 3.75-4.5%. Sharekhan maintains a Buy rating with a revised target price of Rs. 2,270, valuing the stock at 30x Sep26E EPS.
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