RBI will announce its interest rate decision today.
Prepayment of loan reverses the declining trend.
Strong performance likely over the year-ago quarter
After this prepayment, the stake pledged come down to 5.31% in Adani Ports from 17.31% in December 2022.
Company’s stock price rises sharply after announcement of December quarter results.
Even as the street is factoring in a rate hike of 25 basis points, experts believe the stance could change from “withdrawal of accommodation" to “neutral”.
The Knight Frank Affordability index of the home buyers has worsened marginally by average 1.4% in this rate cycle and hence remains supportive of demand.
Higher food delivery orders and contribution from the recently-integrated Blinkit business are expected to drive double-digit sequential revenue growth.

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