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[hfe_template id='11223'] [ad_1] Citi's latest India strategy highlights mixed trends during the recent festive season, alongside strategic shifts in global allocations. While festive demand across sectors varied, Citi remains confident in India’s positioning, maintaining a 20% overweight allocation on the country. Festive Demand: A Mixed Bag The commentary from companies regarding the festive season has been varied, with some reporting expectations being met while others fell short. Urban demand trends have been relatively muted, while rural markets have performed better, showcasing resilience.Within specific sectors, jewellery, two-wheelers (2Ws), and e-commerce have emerged as bright spots, recording decent growth during the festive period. Also Read: India Inc clocks muted sales in September quarter. More trouble coming? However, other consumer-discretionary segments, such as fashion and apparel, have exhibited weaker performance, reflecting a subdued urban consu...

[hfe_template id='11223'] [ad_1] Shares of Bajaj Auto fell by 5% to its day’s low of Rs 9,401 on the BSE after the company on Monday posted its October sales number reporting merely a 2% YoY rise to 4,79,707 units. The total number of vehicles sold was reported at 4,71,188 units in October 2023. The company reported its domestic sales figure for the 2-wheeler segment at 2,55,909 units, which has declined by 8% on a year-on-year basis from 2,78,486 units sold in October 2023. The exports, however, surged by 22% YoY to 1,58,463 units. The commercial vehicle segment witnessed a 4% decline in its sales to 47,922 units while the exports grew by 46% to 17,413 units, up from 11,912 units in the year-ago period. In the current financial year so far, the company recorded a 10% YoY surge in its total sales. The two-wheeler segment saw an 11% rise in domestic sales to 14,75,207 units, while exports grew by 8% to 9,23,290 units, totaling 23,98,497 units. In commercial vehicles, dome...

[hfe_template id='11223'] [ad_1] Shares of realty firm Sobha dropped nearly 4% to Rs 1,675.3 in Tuesday's trade on the BSE following a 32% year-on-year (YoY) decline in total sales for the second quarter of FY25, amounting to Rs 1,178.5 crore. In comparison, the company reported total sales of Rs 1,723.8 crore in Q2 FY24. During this quarter, Sobha posted new area sales of 0.93 million square feet, generating sales worth Rs 1,179 crore at an average price realization of Rs 12,674 per square foot. This reflects a decline from 1.18 million square feet and sales of Rs 1,873 crore in Q1 FY25. Total sales value for the first half of FY25 stood at Rs 3,052 crore, slightly below the Rs 3,189 crore recorded in the same period last year. Bangalore recorded Rs 609 crore in sales in the second quarter of fiscal 2025, indicating a 51.8% increase in overall sales. The Kerala region also performed well, recording a 36.2% growth in new sale area compared to the previous quarter, co...