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United Breweries reported a 3% year-on-year decline in Q2 sales volume and value, hit by an “unusual monsoon” that flooded three breweries and hurt demand in key states like Karnataka, Odisha, and Telangana. Premium brands, however, grew 17%.
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Motilal Oswal Financial Services reported a 68% YoY decline in consolidated profit to ₹362 crore, while revenue fell 35% to ₹1,849 crore. However, asset management and private wealth units posted strong double-digit growth, lifting AUM to ₹1.77 lakh crore.
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Despite the Sensex slipping 593 points to 84,404 on Thursday, 11 stocks from the BSE 100 Index, including SBI, L&T, and Hindalco, hit fresh 52-week highs, signaling strong bullish momentum across select sectors and renewed investor confidence.
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FOX-RESULTS/ (UPDATE 3, PIX)UPDATE 3-Fox’s ad strength fuels quarterly revenue growth, announces $1.5 billion share buyback
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Wall Street’s main stock indexes opened lower on Thursday after mixed earnings reports from large technology firms and comments from Federal Reserve Chair Jerome Powell sowed doubts about further rate cuts this year.
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