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Shoppers Stop reported a net loss of Rs 3.58 crore in Q2 September 2021, lower than the net loss of Rs 97.70 crore in Q2 September 2020.
Asian Paints declined 6.29% to Rs 2,969.50 after the company posted a 28.2% decline in consolidated net profit to Rs 595.96 crore in Q2 FY22
Nifty PSU Bank led the sectoral pack on the NSE with gains of 2.73% followed by Nifty Bank adding 1.30% to end above the 40,000.
Fading earnings momentum, a low real yield, and an expensive currency point to potential vulnerability says the brokerage
In the rejigging exercise, Ashish Kacholia bought a stake in ten companies while he partially or completely exited five stocks.
The company's retail segment EBITDA is expected to rise as fashion, jewellery, and electronics sales rebound and margins return to pre-pandemic levels
Kranthi Bathini of WealthMills Securities spoke to Money9 on what to expect from markets going forward.
Shivangi Sarda of Motilal Oswal Financial Services spoke to Money9 on what to expect from markets going forward from here.
With core business in Q2FY22 slightly higher than pre-covid levels, management narrative has shifted from recovery to growth via aggressive scale-up.
Barring the Nifty IT (down 0.46%) index all other sectoral indices were trading with gains. Nifty Realty was the top gainer as it rallied 1.14%.