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Chemical companies are projected to experience revenue growth of 5-10% in the June 2025 quarter, fueled by increased order intake anticipating US tariffs and a weaker rupee boosting exports. Lower raw material prices are expected to protect margins. However, Chinese competition and geopolitical risks create a complex environment, with investors closely monitoring volume sustainability and pricing power.
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News and Media
Trent's shares plunged nearly 4% following a downgrade by Goldman Sachs from 'buy' to 'neutral,' citing concerns over slowing sales and underperformance of Zudio stores. The brokerage reduced its price target by 21% to 5,500. Despite expecting Zudio's FY25 sales to grow by 60%, Goldman Sachs lowered Trent's revenue and earnings estimates.
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News and Media
Indian Energy Exchange shares experienced a significant drop. This decline followed the Central Electricity Regulatory Commission's decision. The commission plans to implement 'market coupling'. This move is expected to impact IEX's revenue streams. Market coupling aims to unify power prices. Hindustan Power Exchange and Power Exchange India may benefit. IEX's market share could potentially decrease as a result.
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News and Media
Jio BlackRock Asset Management, a new entrant in the Indian mutual fund industry, is prioritizing profitability and capturing new market growth over aggressive pricing strategies, unlike Jio's telecom approach. The joint venture aims to offer differentiated products and leverage its tech platform, Aladdin, to reduce costs and provide competitive pricing.
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News and Media
Indian Bank reported a 24% YoY rise in Q1 net profit to Rs 2,973 crore, aided by sharply lower NPA provisions. Asset quality improved, with gross NPAs falling to 3.01%. While net interest income grew modestly, other income surged 28%. Advances and deposits saw double-digit year-on-year growth.
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News and Media
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