Retail companies have reported mixed performance, with premium retailers sustaining their growth momentum. However, value retailers continued to face pressure, noted the brokerage. Trent and Westlife Foodworld are the top picks of Axis Securities in the retail space post Q3FY24 results.
Shares of Tech Mahindra fell on Thursday after it reported a sharp fall in its net profit in the Sept quarter (Q2FY24). It also failed to meet street expectations on both profit and revenue. Further cuts in target prices and earnings estimates by various brokerages also kept the sentiment negative.