Eicher Motors Dividend 2025: Royal Enfield-Maker Fixes Record Date For Rs 70 Cash Reward
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India.com
2 hours ago
- India.com
Tata Group's retail arm falls by..., loss from peak by...
New Delhi: The retail arm of the Tata Group Trent went down by 1% in Tuesday, 08 July 2025 trade, closing at Rs 5,440. With this its three-day loss has gone up to 12%, marking a 35% decline from its November peak of Rs 8,345 apiece. The stock reversed its bullish streak in early July after gaining ground from its April lows and posting gains over the following two months as investor sentiment weakened following management commentary about slower near-term growth in its core fashion business—the key driver of growth in recent quarters. What does Trent expect? At its 73rd Annual General Meeting (AGM), Trent lowered its near-term growth expectations, projecting a 20% growth in its core fashion segment for the first quarter of the current fiscal year—well below its five-year CAGR of 35% (FY20–25). The company attributed the slowdown to a weak consumption environment, geopolitical headwinds, supply-side constraints, and the early onset of monsoons, reports Mint. While some of these challenges are seen as one-off, domestic brokerage firm Kotak Institutional Equities expressed concern over the faster-than-expected decline in revenue throughput. The brokerage pointed out that the company's revenue trajectory continues to weaken—from a strong 57% YoY growth in 1QFY25 to 29% in 4QFY25 and further down to 20% in 1QFY26, adds the Mint report. What are the other factors? Apart from the one-off factors cited by the company, Kotak believes the contraction also stems from higher store densities in key cities, which are impacting per-store revenue, and from new store openings in Tier 2 cities, where throughput remains lower. This has led the brokerage to factor in revenue throughput contraction for FY2026. Trent added only one Zudio store and no new Westside stores in 1QFY26. While store additions fell short of expectations, Kotak is not overly concerned, as it anticipates a pickup in the second half of FY26, with most additions likely in the fourth quarter.
Mint
9 hours ago
- Mint
Kotak Mahindra Bank declares record date for final dividend, Q1 results date. Details here
Kotak Mahindra Bank share price rallied over 4% on Tuesday amid heavy buying momentum following a strong update for the first quarter of the financial year 2025-26 (FY26), along with the record date announcement for the payment of dividend. Kotak Mahindra Bank shares jumped as much as 4.37% to ₹ 2,241.00 apiece on the BSE. Kotak Mahindra Bank has announced the date for its Annual General Meeting, financial results for the quarter ended June 30, 2025, and the record date for its final dividend of FY25. The meeting of the Board of Directors of Kotak Mahindra Bank will be held on Saturday, July 26, 2025, to consider, approve and take on record the Standalone and Consolidated Unaudited Financial Results of the Bank for the quarter ended June 30, 2025. The private sector lender also announced that the 'Fortieth Annual General Meeting' of its members will be held on Saturday, August 2, 2025 at 10:00 a.m. (IST) through Video Conferencing (VC). Kotak Mahindra Bank has fixed Friday, July 18, 2025 as the 'Record Date', for the purpose of determining the shareholders of the bank eligible to receive the Final Dividend for the Financial Year ended March 31, 2025, as has been recommended by the Board of Directors of the Bank. The dividend, if declared at the AGM, will be paid to the concerned members on or before Friday, August 8, 2025. Thus, Kotak Mahindra Bank dividend record date is July 18, and the dividend payment date is August 8. The private lender posted a 14% YoY and 4.2% QoQ growth in lending to ₹ 4.45 lakh crore. The bank's loan book at the end of the March quarter stood at 4.27 lakh crore, and the same was at ₹ 3.90 lakh crore in Q1FY25. It also reported a healthy 14.6% growth in deposits to ₹ 5.13 lakh crore. On a sequential basis, deposits were up 2.8% from ₹ 4.47 lakh crore at the end of the March quarter. Average total deposits came in at ₹ 4.92 lakh crore, rising nearly 13% YoY and 5% sequentially. The average CASA stood at ₹ 1.92 lakh crore, reflecting a year-on-year (YoY) growth of 4.2% and a quarter-on-quarter (QoQ) increase of 2.1%. Kotak Mahindra Bank share price has gained 7% in one month, and 8% in three months. On a year-to-date (YTD) basis, Kotak Mahindra Bank shares have rallied 24% and it has gained 20% in one year. Kotak Mahindra Bank share price has jumped 65% in five years. At 2:35 PM, Kotak Mahindra Bank share price was trading 3.40% higher at ₹ 2,220.00 apiece on the BSE.
Mint
9 hours ago
- Mint
This Tata group stock falls 12% in 3 sessions, 35% from its peak. Is more downside likely?
Trent, the retail arm of the Tata Group, slid another 1% in Tuesday's trade (July 8), closing at ₹ 5,440, taking its three-day loss to 12% and marking a 35% decline from its November peak of ₹ 8,345 apiece. After gaining ground from its April lows and posting gains over the following two months, the stock reversed its bullish streak in early July as investor sentiment weakened following management commentary about slower near-term growth in its core fashion business—the key driver of growth in recent quarters. At its 73rd Annual General Meeting (AGM), Trent lowered its near-term growth expectations, projecting a 20% growth in its core fashion segment for the first quarter of the current fiscal year—well below its five-year CAGR of 35% (FY20–25). The company attributed the slowdown to a weak consumption environment, geopolitical headwinds, supply-side constraints, and the early onset of monsoons. While some of these challenges are seen as one-off, domestic brokerage firm Kotak Institutional Equities expressed concern over the faster-than-expected decline in revenue throughput. The brokerage pointed out that the company's revenue trajectory continues to weaken—from a strong 57% YoY growth in 1QFY25 to 29% in 4QFY25 and further down to 20% in 1QFY26. Apart from the one-off factors cited by the company, Kotak believes the contraction also stems from higher store densities in key cities, which are impacting per-store revenue, and from new store openings in Tier 2 cities, where throughput remains lower. This has led the brokerage to factor in revenue throughput contraction for FY2026. Trent added only one Zudio store and no new Westside stores in 1QFY26. While store additions fell short of expectations, Kotak is not overly concerned, as it anticipates a pickup in the second half of FY26, with most additions likely in the fourth quarter. The brokerage projects the addition of 6 Westside stores and 225 Zudio stores in FY2026—slightly higher than the 6 and 220 stores added, respectively, in FY2025. While analysts have retained their optimistic view on the company's long-term growth prospects, short-term hiccups have led them to cut earnings estimates. The sharp run-up in the stock price in recent years has also made valuations stretched. Kotak Institutional Equities cut its target price to ₹ 5,300 from ₹ 5,400 earlier, while retaining its 'reduce' call on the stock. "Trent undoubtedly remains a strong retail operator, with its Westside and Zudio formats gaining market share not only in apparel but also in ancillary categories such as innerwear, beauty, and footwear. The stock, however, is priced to perfection and is trading at 62X core FY2027 P/E, leaving limited scope for disappointments on growth," said Kotak. Similarly, Nuvama Institutional Equities trimmed its target price to ₹ 5,884 from ₹ 6,627 apiece while maintaining its 'hold' rating, and HSBC reduced its price target to ₹ 6,600 but maintained a 'buy' call on the stock. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
