Rate Hike As Expected, May Further Impact Affordable Housing Demand
Will maintain Withdrawal of Accommodation monetary policy stance.
Recommendation: Add; Target Price: Rs 127
Despite Adani Ports and Adani Wilmar both posting gains on Tuesday, the combined losses of the Adani group's seven publicly traded entities remain at $109 billion.
The third quarter's total revenue increased 53% to Rs2,258 crore from Rs1,471 crore in the similar quarter last year.
Here are some stocks that may show significant price movement today.
The second-largest telecom provider in the nation spent a total of Rs9,314 crore on capital during the previous quarter.
Operating profit for the company decreased by over 4% YoY to Rs924 crore, and the margin shrank by 67 basis points to 11.51%.
RBI will announce its interest rate decision today.
Strong performance likely over the year-ago quarter
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