Recommendation: Buy; Target price: Rs 2,712
Analysts at IIFL Capital Services have updated their India macro dashboard – an Excel heat-map on various facets of Indian economy, including Industrial activity, Consumption, Unemployment, Banking, Inflation, Public Finance, Foreign Trade and Capital Markets.
IndusInd Bank, Bank of Maharashtra etc. among companies that will declare their March quarter results today.
Here are some stocks that may show significant price movement today.
Double digit growth expected across revenue and net profit.
Gold is considered a hedge against inflation, but higher interest rates dim the non-yielding asset's appeal.
Declining export sales could weigh on revenue as well as profitability.
The U.S. dollar has slipped against most major currencies in early Asia trade
It added that the company is taking required measures and corrective steps but there will be a temporary pause
Weakness in international markets to pull down overall performance.
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