The month of October remained an exciting one with companies across sectors riding high on the festive season, the frenzy around IPO announcements, and quarter results announcements for Q2FY25. Firms betted on the festive season for increased sales and revenue growth as retailers, e-commerce platforms, and consumer goods manufacturers experience a surge in demand as consumers engage in gifting and shopping for celebrations like Diwali and Christmas. This period also contributes significantly to quarterly sales.
Besides festive boom, the frenzy in the IPO market is also getting stronger with the activity in the IPO market remaining buoyant, driven by stronger retail participation as reflected by number of applications and oversubscription.
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Further, the fiscal second quarter earnings season too took off during the month and many majors like Infosys, Tech Mahindra, Tata Consultancy Services (TCS), HCL Technologies, Wipro, Reliance Industries, Bharti Airtel, HUL, ITC, HDFC Bank, Yes Bank, ICICI Bank, Paytm, Zomato, among many others having already announced their Q2 numbers.
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Let us look at the top 5 companies trending in Google in the month of October.
Google Trends in October
Yes Bank: Yes Bank released its fiscal second quarter earnings this October with profit at Rs 566.59 crore, posting a jump of 147.8 per cent in comparison to Rs 228.64 crore during the corresponding quarter of previous fiscal year, beating estimates. On a standalone basis, Q2 profit was at Rs 553.04, up 145.6 per cent from Rs 225.21 crore during Q2FY24. The company NII stood at Rs 2,200 crore for Q2FY25, up 14.3 per cent YoY and NIMs remained stable sequentially at 2.4 per cent. The bank’s asset quality showed improvement during the period. The private sector bank also announced the appointment of Nirav Dalal as the Country Head of Financial Markets.
ICICI Bank: The banking sector, it seems, remained in focus, especially during the end of October.
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