Fri, Nov 15, 2024 10:01 AM
Active equity mutual funds' cash holdings top May 2023 highs
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Deepak Nitrite's Q2FY25 revenue rose 14.3% YoY to Rs20.3bn, driven by a 29% increase in Phenolics segment revenue, despite challenges in the Advanced Intermediates business. The company announced Rs50bn capex to produce PC resins, aiming to double phenol capacity over 4 years, but near-term headwinds are expected to continue.
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ATV Projects India shares are one of the multibagger stocks the Indian stock market has delivered in recent years. This LIC-owned multibagger penny stock has delivered around 110 per cent YTD return to its positional investors. However, this small-cap stock has a history of providing a stellar return to its investors.
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Automotive dealers association FADA expects passenger vehicle inventory to reduce further from October levels, recommending OEMs to liquidate 2024 stock for ideal 21 days of inventory by 2025. FADA also forecasts commercial vehicle sales to benefit from government infrastructure spending, with overall festive season sales surpassing last year's record by 11.8%.
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