Reliance Industries will declare its December quarter results on January 16, with analysts expecting a recovery cycle in 2025 driven by telecom and retail growth, and rebounding refining margins, making its currently low valuations an attractive risk-reward opportunity. Bernstein said that Reliance Industries' valuations are at a three-year low and that makes risk-reward attractive for the stock.
Open FlipIndian equity markets fell on Thursday, January 09. The BSE Sensex dropped as much as 0.77% to 77,542.92 level while the NSE compiled Nifty 50 slipped 0.78% to an intra-day low level of 23,503, testing one of the important support levels. The Nifty 50 closed the session 0.69% lower at 23,526.50. The Sensex dropped 0.68% to finish at 77,620.21.
Open FlipIndia’s largest IT services company Tata Consultancy Services (TCS) reported its highest third quarter order book in at least the past five fiscal years with total contract value (TCV) at $10.2 billion in the period ended December 31. This comes in a seasonally weak quarter for the IT industry due to holiday season in core markets like North America.
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