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MUMBAI – Avenue Supermarts Ltd reported strong numbers for the quarter ended December, with the consolidated net profit rising 17% year-on-year (YoY) to Rs 690.61 crore. Consolidated revenue from operations at Rs 13,572.47 crore too, increased by more than 17% from the year-ago period. Earnings before interest, taxes, depreciation and amortization or EBITDA during the …
Also, Macquarie maintained a neutral stance on HDFC Life and Goldman Sachs recommended a buy on Paytm. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies on Avenue Supermarts (D-Mart): Hold| Target Rs 3850 Jefferies maintained a hold rating on Avenue Supermarts (D-Mart) but raised the target …
Mumbai|Kolkata: Qatar Investment Authority (QIA) agreed to invest ₹8,278 crore ($997 million) in Reliance Retail Ventures (RRVL) at an equity valuation of ₹8.2 lakh crore ($100 billion), making it the single largest investment by the sovereign wealth fund of the gas-rich country in India. RRVL, the holding company of Reliance Retail Ltd (RRL), had diluted …