Thu, Jun 23, 2022 6:55 PM
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The company has a market cap of over Rs 3 lakh crore with a PE of 18.9x and an ROE of 14.3 per cent. The Indian stock market commenced trading on a downbeat note today as both key indices, the BSE Sensex and NSE Nifty-50, witnessed a decline of around 0.3 per cent. Notably, Kotak Mahindra Bank emerged as a major loser, featuring among the top decliners on both the Sensex and Nifty-50 indices.
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📌Axis Bank: On Wednesday, April 24, Axis Bank reported a net profit of ₹7,130 cr. 📌Macrotech Developers: The company, operating under the 'Lodha' brand, has increased its pre-sales forecast for 2024-25 by 20% to ₹17,500 cr. 📌LTIMindtree: LTIM revenue for the March quarter decreased by 1.3% sequentially to $1.07 billion in Q4FY24. 📌Nestle India:To see an eight percent rise in revenues increase.
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U.S. economic growth likely slowed to a still-solid pace in the first quarter while inflation accelerated, reinforcing financial market expectations that the Fed would delay cutting interest rates until September. The Commerce Department's snapshot of first-quarter gross domestic product on Thursday is expected to show consumers still doing the heavy lifting for the economy.
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