Share Market News: Teamo Productions Standalone Net Profit Rises to 69.44 Percent

Share Market Information: Teamo Productions Standalone Web Revenue Rises to 69.44 %

The online revenue of Teamo Productions rose 142.66% to Rs 3.47 crore within the quarter ended March 2024 as in opposition to Rs 1.43 crore throughout the earlier quarter ended March 2023.

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Share Market Information: Web revenue of Teamo Productions HQ, an India-based engineering design firm specializing in civil engineering actions, has risen to 69.44 per to Rs 4.88 crore within the yr ended March 2024. In accordance with the knowledge shared by the corporate, it was 2.88 crore throughout the earlier yr ended March 2023.

Additionally, the web revenue of Teamo Productions rose 142.66% to Rs 3.47 crore within the quarter ended March 2024 as in opposition to Rs 1.43 crore throughout the earlier quarter ended March 2023. In the meantime, the Indian inventory market gears up for a cautious opening on Friday, because the aftermath of excessive inflation and deferred fee reduce expectations within the US market. On Wednesday US markets tumbled after inflation knowledge delayed fee cuts hopes past June.

The US shares fell sharply on Wednesday after hotter-than-expected inflation numbers. The Dow Jones Industrial Common was down about 423 factors, or 1.1 per cent to 38,461.51. The S&P 500 was down almost 1 per cent to five,160.64. The Nasdaq Composite closed 0.8 per cent down at 16,170.36 on Wednesday.

“There shall be an influence on Indian market as seen within the US markets on Wednesday night and in Asian markets on Thursday morning. US inflation coming forward of estimates result in a fall within the US markets and rise in US bond yields. Asia has adopted with main markets which might be open on Thursday being decrease and Asian bond yields being up,” mentioned Ajay Bagga, banking and market knowledgeable.

The newest U.S inflation knowledge reveals that March inflation figures have surpassed expectations, escalating to three.5 per cent as in opposition to 3.2 per cent in February on an annual foundation, thereby constraining the Federal Reserve’s capability to implement fee cuts as beforehand anticipated.

“U.S march inflation print coming at 3.5 per cent on an annual foundation in opposition to expectation of three.4 per cent will definitely constrain the power of the Fed to chop charges. This acceleration in worth rise from 3.1 per cent in January and three.2 per cent in February to three.5 per cent in March has dashed hopes of a fee reduce in June” mentioned Dr. V Ok Vijaykumar, Chief Funding strategist, Geojit Monetary Providers.

The preliminary optimism of six fee cuts projected for the yr has dwindled, with market sentiments now capped at a most of three, or presumably two cuts. In opposition to this backdrop, the Indian market at all-time excessive finds itself at a fragile juncture, grappling with nuanced dynamics of valuation and financial trajectory.



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