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[hfe_template id='11223'] [ad_1] By offering dresses starting as low as Rs 199, billionaire Mukesh Ambani-led Reliance Retail has now sparked a fast fashion war in India by relaunching Shein and taking an online-first approach to challenge both Tata Group's Trent-owned Zudio and Nykaa Fashion. While India's overall fashion market grew just 6% in FY24, the fast fashion segment recorded a growth of 30-40% year-on-year and can be worth $50 billion by FY31, according to estimates by RedSeer Strategy Consultants. "With trendy fashion choices, attractive price points and partnership with RIL (help leverage RIL’s distribution network), we find Shein well-positioned to gain traction in the market...We see upside risks to RIL's retail revenue and EBITDA estimates on the back of the Shein launch and likely traction, helping re-accelerate retail growth," BofA Securities research analyst Sachin Salgaonkar said. Shein has a good brand recall in India and before ...

[hfe_template id='11223'] [ad_1] IRFC Share Price 142.15 03:59 PM | 22 Nov 2024 0.49(0.34%) Suzlon Energy Share Price 65.22 03:59 PM | 22 Nov 2024 -0.11(-0.17%) IREDA Share Price 185.5 03:59 PM | 22 Nov 2024 0.92(0.5%) Tata Motors Share Price 791.0 03:59 PM | 22 Nov 2024 17.15(2.22%) YES Bank Share Price 19.21 03:59 PM | 22 Nov 2024 0.09(0.42%) HDFC Bank Share Price 1745.6 03:58 PM | 22 Nov 2024 4.4(0.26%) NHPC Share Price 79.16 03:59 PM | 22 Nov 2024 -0.22(-0.28%) RVNL Share Price 420.2 03:59 PM | 22 Nov 2024 -1.66(-0.4%) SBI Share Price 816.05 03:59 PM | 22 Nov 2024 35.3(4.53%) Tata Power Share Price 413.75 03:59 PM | 22 Nov 2024 5.7(1.4%) Tata Steel Share Price 142.78 03:59 PM | 22 Nov 2024 2.57(1.83%) Adani Power Share Price 460.45 03:59 PM | 22 Nov 2024 -15.7(-3.3%) PayTM Share Price 900.95 04:00 PM | 22 Nov 2024 55.56(6.58%) PNB Share Price 99.82 03:59 PM | 22 Nov 2024 3.45(3.58%) Zomato Share Price 264.2 03:59 PM | 22 Nov 2024 -2.62(-0.98%) BEL Share Price 280.85 ...

[hfe_template id='11223'] [ad_1] Shares of Trent have fallen by 10% in the last 2 trading sessions to a low of Rs 6,270 on the BSE after the company on Thursday reported that its September quarter standalone profit rose 46% year-on-year (YoY) to Rs 423.44 crore, higher than ET Now poll estimate of Rs 414 crore. Trent's Q2 revenue rose 39.6% YoY to Rs 4,035.56 crore but was below the estimate of Rs 4,320 crore. In Q2FY25, its fashion segment registered double-digit like-for-like growth. Emerging categories, which contribute to over 20% of its revenues, like beauty & personal care, innerwear and footwear continued to gain traction with customers. As of September-end Trent's store portfolio included 226 Westside, 577 Zudio and 28 stores across other lifestyle concepts. Post the second quarter results of the company, here is what analysts say: Bernstein: Outperform| Target price: Rs 8,100 Bernstein maintained an Outperform rating on Trent with a target price of R...

[hfe_template id='11223'] [ad_1] Domestic market extended its rebound, gaining over 1% amid positive global cues. In today's trade, shares of Tata Steel, M&M, Trent, Blue Star, Hindalco among others will be in focus due to various news developments and second quarter results M&M, Trent, NHPC, Page Industries Shares of M&M, Trent, NHPC and Page Industries will be in focus as the companies will announce their second quarter results today. Tata Steel Shares of steel major Tata Steel Ltd will be in focus today after the company turned to black in the quarter ended September 2024. The company had posted a loss in the last year period. Read more: Here's the trade setup for today's session Power Grid State-owned Power Grid on Wednesday reported a flat consolidated net profit at Rs 3,793 crore in the quarter ended September 2024, compared with Rs 3,781 crore in last year's quarter. Stock Trading A2Z of Stock Market for Beginners: Stock Market Course F...

[hfe_template id='11223'] [ad_1] The Indian equity market concluded Friday with a 0.5% weekly gain, led by gains in banking, financial, and metal stocks. As markets reopen on Monday, a mix of domestic and international events—including Q2 earnings reports, the US election, and global market dynamics—will likely shape market movements. On Friday, the Nifty 50 and BSE Sensex rose by 0.41% and 0.42%, respectively, during a special Diwali "muhurat" trading session. Auto stocks led this upward move, bolstered by strong monthly sales data. "The domestic market showed positive reversal signs this week, aided by festive sentiment, steady institutional inflows, and declining oil prices," said Vinod Nair, Head of Research at Geojit Financial Services. Market sentiment was also uplifted by easing geopolitical tensions and positive India-China relations. Q2 Earnings Investors will closely watch corporate earnings as the next batch of Q2FY25 results to be released...

[hfe_template id='11223'] [ad_1] The shares of Tata-owned apparel retailer Trent have delivered returns of 1,450% in the last 5 years and have proven to be multibagger even for recent investors, surging nearly 139% this year. The company’s financial performance is strong, reporting a 130.8% year-on-year (YoY) increase in standalone net profit to Rs 342.15 crore for the first quarter ending June 2024. Trent’s revenue from operations also grew by 57.4% YoY to Rs 3,991.74 crore in the same period. “After a promising uptrend rally, currently the stock is witnessing narrow range activity at higher levels. However, the medium term texture of the stock is still in the positive side,” said Amol Athawale, VP-Technical Research at Kotak Securities. On the daily charts the stock is holding higher high and higher low series formation and it is comfortably trading above short term averages which is largely positive. “For the positional traders now 7,000 and 20 day SMA (Simple Moving ...