In past one year, Wipro has underperformed the market by falling 29%, as compared to 6% rise in the S&P BSE Sensex.
The recent stock run-up largely captures growth momentum; expensive valuation limits upside, analysts at ICICI Securities said.
Tata Teleservices, Century Textiles & Industries, Tamilnad Mercantile Bank, Mahindra Logistics, IIFL Securities, Nelco, and Kshitij Investment are other companies that will declare Q4 results today
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Stocks to watch today: From Reliance Industries to ICICI Bank, here are top stocks to watch in Monday's trading session
Thanks to a decline in input costs and lower provisioning for bad loans by banks
Improved performance in consumer biz, its proposed listing remain key triggers
ICICI Bank's yield on advances was 9.75 per cent during the January-March quarter, and in the previous quarter it was 9.13 per cent
The non-interest income was up 22.8 per cent to Rs 1,082 crore, and was led by core fee income, especially the one coming from retail side
On a standalone basis, the largest private sector lender reported a nearly 30 per cent jump in its net profit for the March quarter at Rs 9,121.87 crore
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Lower raw material costs and decline in tax expenses boost earnings
Hindustan Zinc Ltd (HZL) on Friday reported an 11.78 per cent fall in its consolidated net profit at Rs 2,583 crore for the fourth quarter of 2022-23 on account of higher expenses. The company clocked Rs 2,928 crore net profit in the January-March period of the preceding 2021-22 fiscal, HZL said in a regulatory filing. Its total income also declined to Rs 8,863 crore from Rs 9,074 crore in the year-ago period. The company's expenses stood at Rs 5,358 crore, higher than Rs 4,717 crore a year ago. "The Board on the recommendation of nomination and remuneration committee and audit & risk management Committee had approved the appointment of Sandeep Modi currently Interim CFO as Chief Financial Officer (KMP) of the Company w.e.f. April 21, 2023," the filing said. Vedanta Group company Hindustan Zinc is the world's second-largest integrated zinc producer and fifth-largest silver producer.
The average revenue per user (ARPU) during Q4 stood at Rs 178.8. This was 6.7 per cent higher, YoY
The business recorded gross revenue of more than Rs 2.60 trillion for FY23, a growth rate of 30% over last year
Jio said net profit rose to Rs 4,716 crore in the three months ended March 31, from Rs 4,173 crore a year ago
Its pre-tax profit (Ebitda) during the quarter was also up 32.63 per cent to Rs 4,914 crore
RIL's revenue from operations rose to Rs 2.16 trillion from Rs 2.11 trillion in January-March 2022
The Nifty 50 closed 0.40 points lower to 17,624.05, while the S&P BSE Sensex rose 0.04% to 59,655.06. Both indexes lost over 1% this week
CLOSING BELL: The broader indices ended marginally in red, with Midcap index declining 0.4 per cent, and the Smallcap index down 0.3 per cent.