The EBITDA margin declined by 268 bps YoY to 9.8 per cent on account of higher raw material cost and delay in price hikes.
ITC will announce its Q4 results and declare final dividend on May 18, 2022.
According to analysts, IT companies have lost their sheen after March quarter results highlighted slowdown in deal momentum, and margin pressure
The company has given a tepid guidance of 1-3% QoQ CC terms growth in Q1FY23, which translates into revenues of $2,748 million to $280 million
Shares of Reliance Industries, Canara Bank, Sundaram-Clayton, Tata Power Company, CSB Bank, Federal Bank will be in focus ahead of their Q4 results.
The derivative analyst from HDFC Securities recommends buying Infy 1,600 Call and simultaneously selling 1,640 Call for the May expiry.
As most global central banks embark on a rate hike cycle to battle inflation, analysts expect markets to remain choppy. Here's a report on where to invest in a rising interest rate regime
Company's margins could expand on operating leverage and price hikes, say analysts
Non-bank finance companies (NBFCs), however, may feel more heat, except those engaged in mortgage financing
Sebi has barred brokers from using one client's collateral to fund another's margins: one of several steps taken to protect investors.
Investors should be ready for volatility in long-duration securities, say experts.
After rising over 900 points in early trade, Sensex ends flat at session's end
Logistics major Delhivery's Rs 5,235-crore IPO opens for subscription on Wednesday. More on that in our top headlines.
Shares of ABB India on Thursday zoomed more than 10 per cent after the company posted over two-fold jump in net profit for the March quarter.
OPEC and allied oil-producing countries, including Russia, are weighing conflicting forces as they decide how much crude should flow to volatile global markets.
CLOSING BELL: Around 3:30 PM, the mega IPO of Life Insurance Corporation (LIC) was subscribed 91 per cent with policyholders' quota seeing a subscription of 2.79 times
The region's combined net foreign selling during January to April stood at $45.76 billion, the most in the first four months since at least 2008.
CARE Ratings has moved ratings of the company's instruments and facilities to "issuer not cooperating" category.
With the recent fundraise (QIP: Rs 300 crore), the company has strengthened its balance sheet with a repayment of around Rs 300 crore debt, post which Gokaldas Exports has become net debt free.
Real estate and automobiles, which were showing signs of a nascent recovery, will bear the brunt of higher interest rates