The management said it would be difficult to give guidance on margins (NIMs) due to pressure from pricing deposits.
The Mukesh Ambani-led RIL has cautioned against the impact of global economic headwinds on energy demand, in its post-results conference call.
Stocks to Watch: Shares of Axis Bank, Canara Bank, IDBI, Jindal Stainless and Tata Communications will be in focus ahead of Q3 results on Monday.
Nuvama Institutional Equities has downgraded IndusInd Bank's stock to 'hold' from 'buy'
According to analysts, key medium-term trigger for the stock will be the proposed merger with INOX, which likely to be consummated within a month
Brokerages cut earnings given pressure on margins but see stock performing in long term
Closing Bell: Broader markets bled more than benchmarks with the BSE Midcap and Smallcap indices falling up to 0.7 per cent
The firm upgraded its fiscal year 2023 annual revenue growth guidance to 22 per cent in constant currency terms and reaffirmed adjusted EBITDA annual margin guidance
Jindal Stainless hit a new high of Rs 263, rallied 7% in intra-day trade today and has surged 23% in past one month.
A sustained move over the 50-DMA of Rs 3,881 could see the counter heading towards recording a new historic peak
The company's board approved the acquisition of Zinc International business for a cash consideration not exceeding $ 2,981 million
Shares of Adani Enterprises have soared 78.41 per cent so far this fiscal year (FY23), as against 4.2 per cent rise in the S&P BSE Sensex
The domestic decorative business registered a flat volume and value sales delivery for the quarter, on a very high price increase base in the previous year.
According to Motilal Oswal, 2023 is likely to be a defining year for ONGC with two prominent triggers-- a rise in domestic oil & gas production, and a possible floor on gas realization
Landmark Cars hit a new high of Rs 622.45, surging 44% from its December low of Rs 433.20, while Sula Vineyards rallied 40% from its low of Rs 305.35.
Atul Greentech, a subsidiary of Atul Auto, on January 11, 2023 announced its foray into the electric space with the unveiling of two electric three wheelers
The company said it won several large deals across industries and service lines, driving 20 per cent sequential growth in total contract value (TCV) bookings during the quarter.
The company has set a price band of Rs 3,112-Rs 3,276 per share for its Rs 20,000-crore follow-on public offering (FPO), that opens for subscription on January 27.
With the current addition, it has exceeded its guidance of land bank addition worth Rs 2,500 crore of development value, every year for FY23, ICICI Securities said.
Higher advertising spends coupled with inflationary pressures, analysts said, are likely to squeeze EBITDA margins up to 154 basis points (bps) YoY to 23.9 per cent in Q3FY23