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Analysts of IIFL Securities perceived a risk to the sustainability of low discounts, if any of the larger players lost market share.
Accenture reported a 3% sequential decline in deal-bookings in Q4FY23 compared to earlier flat growth expectations, impacting the broader IT sector
Analysts of IIFL Securities believe ACN’s Q4 results and soft FY24 organic growth outlook of 0-3% CC YoY, combined with the sharp decline in Managed Services bookings highlight the lack of tailwinds in the near-term demand environment.
Moreover, analysts of IIFL Securities expect HUL volume growth to improve to ~7-8% vs ~3-4% currently in the next two quarters, which will spur the stock price.
BoB NZL, founded in 2008, was New Zealand's first Indian bank. It has two locations: Auckland and Wellington.
Aditya Birla Capital received shares on a rights basis on Tuesday, according to the business.
Margins should trend down, given the focus on growth and diversification into other states and sectors. Healthy balance sheet is a key positive.
Excluding deal-related amortization expenses, the Biogen Biosimilars deal could add 24% and 29% to Dr. Reddy’s FY24 revenue and profits on a pro-forma basis.
With USD 635 billion in assets under custody and administration, SBG runs the largest custody network in sub-Saharan Africa, leading the growth of the continent's capital markets.
Grasim Industries is taking necessary steps to comply with the order and expects no significant impact on profitability