Recommendation: Add; Target price: Rs 670
Due to the severe uncertainties caused by the Russia-Ukraine war and the Western sanctions, oil prices reached exceptionally high levels in the April to June quarter of 2022.
This achievement allows the company to strategically expand its footprint in North America.
The company's strong financial performance in Q1 solidifies its prominent position in the iron ore industry.
The gold finance company reported that for the first quarter ended June 30, its earnings increased by more than 21% to Rs 975.12 crore.
Rupee opens at 83.01 against the dollar, compared to the previous close of 82.85.
Recommendation: Buy; Target price: Rs 5750
The tower company would continue to keep up the pace in delivering telecom infrastructure as Reliance Jio and Bharti Airtel roll out 5G, it was said.
Led by improving productivity, analysts of IIFL Capital Services expect the India business to clock 14% sales Cagr over FY23-26. Mgmt guidance is 12-14% growth for FY24.
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