Day: December 9, 2022

USDINR resistance placed at 83.10, support at 82.30; All eyes on FOMC meeting minutesUSDINR resistance placed at 83.10, support at 82.30; All eyes on FOMC meeting minutes

By Dilip Parmar The Indian rupee ended the previous week on a sour note following a rebound in the greenback and weaker Chinese currencies. The local unit marked the second weekly decline in a row to settle at 82.77, the weakest closing since February 2023. Even after strong foreign fund inflows, the rupee tumbled post […]

Rating: Hold; Dmart: More expansion plans in storeRating: Hold; Dmart: More expansion plans in store

In Q2, Avenue Supermarts or D-Mart reported Ebitda figures that fell below both our and consensus estimates, primarily due to lower gross margins and increased staff costs. The general merchandise and apparel mix remained subdued, which contributed to the downward pressure on gross margins. There are concerns about whether this mix deterioration is a cyclical […]