News Overview

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.

Earnings attributable to parent equity shareholders declined 27% year-on-year to Rs 3.3 crore.

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.

Voltas secures No.1 position in ACs with an exit market share of 20.6% as of June 2023

If the first 4 months of FY24 are anything to go by, then FY24 could be another record year for SIP flows.

Brent crude futures were down 29 cents, or 0.3%, to $86.52 per barrel, while U.S. West Texas Intermediate crude was down 24 cents, or 0.3%, to $82.95 per barrel.

The month of July 2023 saw US consumer inflation arrest the falling trend after a very long gap, albeit marginally.

According to the company's FY22 annual report, the audit firm was reappointed as the statutory auditor just last year for a five-year term.

While mining and electricity did better than the previous month, it was manufacturing that came under pressure.