D-Mart rallies 11%, hits new high on healthy operational performance in Q2

 ICICI Securities said it continue to remain structurally positive on the stock, however it believes recent appreciation of the stock price factors in most positives.

Dmart

Shares of Avenue Supermarts, which owns and operates retail chain DMart, hit a new high of Rs 5,899.90 as they rallied 11 per cent on the BSE in Monday’s intra-day trade following its quarterly results. The company on Saturday reported a twofold increase in its consolidated net profit at Rs 417.76 crore for the second quarter ended September 2021 (Q2FY22).

The company had posted a net profit of Rs 198.53 crore in Q2FY21. In the past seven trading days, the stock has zoomed 40 per cent from the level of Rs 4,219 touched on October 6, 2021.

Comments

Post a Comment

Popular posts from this blog

Explained: How cryptocurrencies will be taxed after Budget 2022

Image
 The budget proposes to tax virtual digital assets such as cryptocurrencies and non-fungible tokens. It has smartly used the word ‘transfer’ to bring more people into the tax net. In her Budget 2022 speech, finance minister Nirmala Sitharaman said the transfer of virtual digital assets would attract a 30 percent tax. This, by all means, refers to cryptocurrencies, even though India’s Cryptocurrency Bill has not been tabled or discussed in Parliament. For those who have been investing in cryptocurrencies, this may have come as a breather because the general feeling is that at least it won’t be banned now. Here's a breakdown of some aspects related to the transaction and taxation of virtual digital assets. Is Bitcoin a virtual digital asset? To be sure, nowhere in her budget speech or in the budget documents has the word ‘cryptocurrency’ been mentioned. Instead, the budget spoke of ‘virtual digital assets’ and defined them as “any information or code or ...
Read more

Income tax savings: Pay zero tax even on Rs 10 lakh salary; check calculation

Image
  Income Tax   Savings: If your annual salary is over Rs 10 lakh, you will have to pay the government a large part of your earnings in the form of tax. However, if you think that you have no way to save tax, you are wrong. Even if your salary is Rs 10.5 lakh per annum, you will not have to pay a single rupee as tax. Let us tell you here easy ways to save tax. For this, you have to keep the savings and expenses in such a way that you can take full advantage of the tax exemption available on it. Suppose your salary is Rs 10,50,000 per annum, and your age is less than 60 years, that means you will come under the 30% slab. First you deduct Rs.500000 as the standard deduction 10,50,0000-50,000 = Rs 10,00,000 After this, you can save Rs 1.5 lakh under 80C. In this, you can take advantage of income tax exemption on investment in EPF, PPF, ELSS, NSC and up to Rs 1.5 lakh annually in the form of tuition fees for two children. 10,000,000- 1,50,000 = Rs.8,50,000 If you invest up to Rs 50...
Read more

5 Best Emulators for Low-End Laptops (2023)

Image
In recent years, gaming has evolved from being a mere pastime to a full-fledged entertainment industry. With the increasing popularity of gaming, various gaming platforms have emerged, and gamers are now looking for ways to enjoy their favorite games on different devices, including low-end laptops. A low-end laptop may not have the processing power to run the latest and most demanding games, but with the help of emulators, gamers can still have access to a wide range of gaming experiences. In this article, we will explore the 5  best emulators for low-end laptops , allowing gamers to relive classic titles and explore new adventures without compromising on performance. What are Emulators? Factors to Consider When Choosing Best Emulators for Low-End Laptops Performance Compatibility User-Friendly Interface Updates and Support 5 Best Emulators for Low-End Laptops 1. RetroArch 2. PCSX2 3. VisualBoy Advance (VBA-M) 4. ZSNES 5. ePSXe Final Thoughts FAQs 1. Are emulators legal? 2. Can emu...
Read more