The company is expected to post a revenue growth of 2.9 per cent QoQ on a constant currency basis, brokerage firms predicted
Stocks to watch today: IT behemoth TCS net profit grew 5.2 per cent year-on-year (YoY) to Rs 9,478 crore in Q1FY23; Tata Motors hiked prices across passenger vehicle range by 0.55 per cent.
Commentary to watch out for from consumer companies includes rural demand, overall demand impact due to high commodity costs, and volume growth
Business Standard analysis is based on the numbers of 47 Nifty companies, excluding Bajaj Finserv, HDFC Life, and SBI Life
The consolidated revenue of the IT major grew to Rs crore in the quarter under review from Rs 45,411 crore a year ago
CLOSING BELL: L&T, PowerGrid, NTPC, ICICI Bank, DR Reddy's Labs, Axis Bank, Bharti Airtel, and Nestle India were the top large-cap gainers
TCS's demand commentary could be strong even as margin may be hit due to wage hikes, according to Motilal Oswal
Stocks to watch today: IT behemoth Tata Consultancy Services (TCS) is slated to report June quarter 2022 numbers (Q1FY23); Dr Reddy's received two observations from USFDA for its Andhra plant
Analysts expect EBIT margin to decline sequentially due to higher retention costs, wage revision, and increased travel costs. They peg margins in the range of 100 to 150 basis points (bps).
Retail investors in India are by default optimistic. They are strong believers in the long-term story of India, and rightly so, says Sandeep Bhardwaj of IIFL Securities.
The company expects the positive trend to continue in the coming months, on the back of a decent monsoon, and encouraging farm activity.
The company is scheduled to announce June quarter results on Saturday, July 9, 2022.
Amid weakening consumer confidence and flaring inflation, analysts say that the corporate earnings this quarter will be a mixed bag, with select pockets like banks being the frontrunners.
Shares of major IT stocks are trading near key support levels, if that breaks a severe downside seems imminent, indicate charts.
Supply-side issues continue to impact companies
The Federal Bank's gross advances stood at nearly Rs 1.33 trillion at end of June 2021 (Q1FY22) and Rs 1.48 trillion at end of March 2022 (Q4FY22)
Public Cloud services and infrastructure market Revenues reached $126 billion in Q1 2022, a 26 per cent jump from Q1 2021, according to a new report
We have raised cash levels across several of our funds, both for funding redemption pressure as well as pouncing on emerging opportunities, Bhaskar said
Malaysian healthcare group IHH Healthcare reported a 31 per cent hike in Q1 earnings to MYR 493.3 million ($112 million)
Saudi Aramco's profits soared more than 80% in the first three months of the year, as the state-backed company cashes in on the volatility in global energy markets and soaring oil prices