Fri, Feb 9, 2024 1:40 PM
Tata Power Q3 results today: shares drop over 5% ahead of announcement
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CLSA reaffirmed Bharti Airtel as its top pick in India’s telecom sector while highlighting growth opportunities for Indus Towers, Tata Communications, Bharti Hexacom, Sterlite Technologies, and Vodafone Idea. Bharti Airtel remains the star performer, supported by its strong market position, premium subscriber base, and strategic 5G rollout.
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Rakesh Damani-led Avenue Supermarts is set to present its earnings report for the third fiscal quarter of FY25 on January 11, 2025. The higher sales growth, as a result of increased store expansions are likely to lead revenue growth in the high teens. According to a Moneycontrol poll of five brokerages, DMart is likely to report a high revenue growth, up 19 percent on-year, at Rs 15,782 crore.
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Eyewear startup Lenskart has called on bankers to pitch for the company’s initial public offering (IPO) wherein the firm is aiming to raise anywhere between $750 million and $1 billion, sources in the know told Moneycontrol. “The company is eyeing a valuation of $7-8 billion and is likely to list toward the end of fiscal year (FY) 2026,” one of the persons cited above said.
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