Thu, Nov 7, 2024 12:58 PM
Spencer Retail Consolidated September 2024 Net Sales at Rs 518.03 crore
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JK Tyre's Q2 results were negatively impacted by a 16% sales decline in Mexico and 10% currency depreciation, but the outlook is improving due to expected growth in domestic MHCVs, softer rubber prices, and pricing action. The company's profitability is expected to recover from Q4FY25E onwards, and Emkay Global Financial retains a BUY rating with a revised target price of Rs 650.
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📈 Domestic benchmark indices closed on a bearish note after the volatile session on 07-November-2024. 📢 At 3:30 PM, the Sensex tanked by 836.34 points or 1.04% at 79,541.79, and the Nifty ended lower by 284.70 points or 1.16% at 24,199.35. 📊Among sectoral indices, Nifty PSU Bank (⬇️2.73%), and Nifty Bank(⬇️0.77%) witnessed considerable selling pressure.
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The board of Surya Roshni today announced that the company will hold its board meeting on November 14 wherein they will consider an interim dividend and bonus share issue to its shareholders. “It is hereby informed that a Board Meeting of the Company is scheduled to be held on Thursday, 14th November, 2024, inter alia, to consider declaration of interim dividend to the equity shareholders.
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