Mon, Nov 25, 2024 5:23 PM
Gap Inc raises 2024 outlook after market share gains in Q3
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Nifty 50 index can test the lows of 22,000-22,500 levels given the muted earnings for the next two fiscal and the continued foreign selling, Manish Sonthalia, CIO, Emkay Investment Managers said in a conversation with CNBC-TV18 on November 25.Nifty 50 has been pencilling in an optimistic price to earnings (P/E) multiple in recent years as compared to the 12-year average, Sonthalia said.
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Reported Consolidated quarterly numbers for FSN E-Commerce Ventures Nykaa are: Net Sales at Rs 1,874.74 crore in September 2024 up 24.4% from Rs. 1,507.02 crore in September 2023. Quarterly Net Profit at Rs. 10.04 crore in September 2024 up 71.74% from Rs. 5.85 crore in September 2023. EBITDA stands at Rs. 109.11 crore in September 2024 up 22.31% from Rs. 89.21 crore in September 2023.
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India's finance ministry expects food inflation to ease in the coming months due to a predicted bumper kharif harvest, following a 14-month high of 6.21% in October driven by elevated food prices. The economy remains resilient despite global uncertainty, with high-frequency indicators showing a rebound in October and a growing formal workforce.
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