This is the fourth consecutive quarter wherein Wipro has reported a fall in profits YoY.
A projected decline in Kharif production and uncertainties surrounding Rabi sowing raise supply-side concerns.
Valuations are 30% above 10yr averages and broader markets, fully pricing in a rebound in demand.
This asset includes a captive coal mine in Indonesia, a captive jetty next to the facility, and two 1,200 MW coal-based power stations in Cuddalore with the possibility to develop roughly 2,000 MW more.
Zomato's stock price was down 3.15% from the previous session's NSE closing price as of 10.12 am, trading at Rs 135.2.
The month of December 2023 saw the overall mutual fund AUM cross the Rs50 trillion mark for the first time.
Spot gold was up 0.3% at $2,054.73 an ounce, having had its largest day rise since December 12.
The consolidated net profit for the October-December quarter stood at Rs 690.41 crore.
Beyond the specific transaction, the deal between REC Solar Holdings and Elkem ASA reflects broader industry dynamics.
IIP growth was in double digits in 2 out of the last 3 months.
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