News Overview

Recommendation: Reduce; Target Price: Rs 301

Operating revenue for the period dropped just 1%, to Rs 1,423 crore in the June quarter.

Recommendation: Add; Target Price: Rs 1050

In comparison to the same quarter last year, the companies have seen a sharp decline in workforce addition.

Outperformance was starker in Ebitda with Page recording a 4 year Ebitda Cagr of 8.7% vs. 4-12% decline for its peers.

According to the National Stock Exchange's (NSE) bulk deal statistics, BNP Paribas Arbitrage purchased 88,85,979 shares or 0.5% of the private lender.

Brent crude futures had fallen 41 cents, or 0.5%, to $80.66 per barrel. American West Texas Intermediate crude was down 37 cents or 0.5% at $76.70 a barrel.

Petrol and Diesel prices in cities across India on 24-07-2023

Spot gold increased 0.051 to $1,961.27 per ounce. Nearly 0.3% was earned by gold last week. American gold futures decreased 0.2% to $1,963.10.

Analysts of IIFL Capital Services expect 4G prepaid tariff hikes only in FY25. The success of the recently launched JIO Bharat Phone is contingent upon JIO’s execution and the handset’s real-world performance.