News Overview

Tata Communications' shares have gained about 51% in the last year and 11% in the last three months.

Stretched valuations in the near term, however, cap upsides while analysts of IIFL Capital Services forecast a modest Sales/PAT Cagr of 21/18% in CY23-26 with moderation in OPMs.

The facility is deemed to be in an acceptable state of conformity with current good manufacturing practices (cGMP)

Analysts of IIFL Capital Services expect Indus to reinstate dividend from FY25 as it again starts generating healthy FCF (dividend payout policy is 100% of FCF). The stock is attractive at 4.5%/7.2% FY25/26 dividend yield.

Biomm's Nova Lima production facility is dedicated to the development, manufacture, and commercialization of complex biotech and biosimilar medicinal products.

Ruchir Tiwari will continue to oversee the Hindi Movies cluster, while Vishnu Shankar will lead Hindi GEC and TV, as well as the FTA section.

Overall MF AUM fell in March, but retail shares further improved in the month.

Aggarwal also restated the company's goal of reaching an annual Group EBITDA of $7.5 billion within two years

U.S. oil futures were trading 2 cents higher at $82.71 a barrel, while Brent futures were up 10 cents, or 0.11%, at $87.39 a barrel.

Sequential revenues to remain broadly flat.