Why are ICICI Bank, Kotak Mahindra, YES Bank under stress today?
Kotak Mahindra Bank, YES Bank, and ICICI Bank reported robust growth in their June quarter earnings released on Saturday
Kotak Mahindra Bank, YES Bank, and ICICI Bank reported robust growth in their June quarter earnings released on Saturday
The Sensex and Nifty are headed for a soft opening on Monday, following mixed cues from Asian peers and negative trends on SGX Nifty futures.
Continuing its gaining streak for the seventh straight session, the housing finance company rose 12.14% to hit a fresh life-time high of ₹159.3 on Tuesday
TCS share price dropped 4.6% to hit a low of ₹3,116.40 levels after it reported lower-than-expected earnings for the first quarter ended June 2022.
TCS is expected to register 3% QoQ growth in constant currency in Q1 FY23, while EBIT margins are expected to decline 110 bps quarterly to 23.9%.
IT heavyweights TCS, Infosys, and Wipro are expected to post constant currency revenue growth in the range of 2.5-4.5% on a quarter-on-quarter basis
Given that all airlines in India have replaced the capacity vacated by Jet Airways, a low-fare environment has set into the crucial 0-15 day booking period which would add pressure on revenues