Going forward, higher Agri commodity prices, Government agriculture focus, the expectation of a normal monsoon and higher reservoir levels bodes well for agriculture.
Infosys Q1 preview: Investors will closely monitor the management's commentary on clients' IT spending, demand environment amid macro stress, margin outlook, and growth guidance for FY23
RIL Q1 result: Analysts expect Reliance Industries to report a strong set of numbers in Q1FY23, driven by robust oil earnings
Analysts expect loan growth to be at 20 per cent YoY at Rs 887,600 crore, up from Rs 738,600 crore last year
Shares of Reliance are at crossroads. The govt slashed windfall tax on fuel exports. And Singapore Gross Refining Margins are down to about $4 a barrel. This may fade RIL's abnormal profits in Q1FY23
The bank had posted a net profit of Rs 603 crore during the same period last year (Q1FY22)
The low margin syringes business was impacted by supply chain challenges and shutdown of two manufacturing lines in the domestic market
In the quarter under review, revenue rose 68 per cent year-on-year (YoY) to Rs 3,115 crore from Rs 1,860 crore last year
Meets Street expectations, thanks to healthy box-office collections
IndusInd Bank Q1 review: For a stronger re-rating, IIB would need to demonstrate decline in stress formation and increase in deposit granularity, analysts said
CLOSING BELL: Among sectors, the Nifty PSB index rose 1.56 per cent, while the Nifty Pharma slipped 0.4 per cent
The margin for India's fourth-largest IT services firm declined 200 basis points over the previous quarter.
Though Q1 was disappointing, there are triggers that could lead to improvement in the performance of the two insurers
Despite a below-expectation showing, IT major expects double-digit growth in FY23
On the asset quality front, IndusInd Bank's gross non-performing asset ratio was at 2.35 per cent as on June 30
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Revenue from operations rose nearly 18% to Rs 21,529 crore
Stock market live updates: At 7:25 AM, the SGX Nifty Futures quoted at 16,512 levels, indicating a gap-up of 172 odd-points.
The country's largest private sector general insurer reported 80 per cent YoY growth in net profit at Rs 349 crore in Q1FY23 on the back of a healthy growth in premium income.
The HUL chart has seen breakout of the 'Inverse Head and Shoulder' after the stock conquered the Rs 2,400-level, thus indicating an upside target of Rs 3,000 in the medium-term.