Tech Mahindra Q1FY23 results: In the last quarter the company recorded a net profit of Rs 1,038 crore. In Q3FY22, it stood at Rs 1,329 crore
Even as the trend is seen continuing in Q2 before reversing in the second half, analysts are positive on the company
Jio gained 9.7 million mobile subscribers in the June quarter, after witnessing a decline for three consecutive quarters
Margins were better managed despite a higher attrition of 23.2% in Q1, up from 20.4% in Q4FY22
After Zomato's promising start, global tech meltdown halts listing gravy train
HCL Tech had a total contract value (TCV) of new deals worth $2 billion, a growth of 23.4 per cent YoY
The firm, however, expects a mid-single-digit volume drop on a high base in the quarter
Store additions strong while same store sales declined in Q1
Murugappa Group's turnover increased by 31 per cent to Rs 54,722 crore, as against Rs 41,706 crore in 2020-21
India is a fast-growing high-potential gaming market, but per capita spends still very low
Fall in raw material prices, low base, and normal monsoon are other positives
However, there is a significant variance in valuations, ranging from Rs 1,300 to Rs 1,730
Experts expect the firm to make further announcements in green energy
Based on sum-of-the-parts valuation, some analysts have pegged their target price between Rs 4,900-5,000
High refining margins, gas prices and telecom ARPUs key contributors; stock falls nearly 4 per cent on Monday
A refining golden age, tightening global gas markets and improving telecom subscriber quality point to a USD 20 billion-plus EBITDA run rate for Reliance Industries Ltd by end-2022, Morgan Stanley
In FY22, Tata Steel reported highest ever consolidated EBITDA of Rs 63,830 cr and Europe contributed significantly with EBITDA of Rs 12,164 cr
Globally, ArcelorMittal delivered a strong set of numbers despite inflationary pressures and the Ukraine war.
With margins seen under pressure and analysts' target price of Rs 350-410, the gains otherwise are limited
Margin pressure and valuation premium point to downside for stocks