Antique Stock Broking Ltd says ratios like RoCE are likely to remain under pressure at around 22–25%, compared with the pre-pandemic levels of over 30%
ITC Q3 results: Nuvama Institutional Equities said it liked the hotel business performance as the segment posted its best-ever quarter with segment revenue up 18 per cent YoY and Ebitda margin of 36.2 per cent
Hindustan Unilever s Q3FY24 performance was lacklustre, with both sales and operating profit barely moving from the year-ago period due to price cuts and higher advertising costs.
Besides weak demand, the FMCG (fast-moving consumer goods) major is facing increased competitive pressures, particularly from regional players, which, coupled with a slow recovery in rural markets, could put revenues under pressure going forward.
Margins are expected to remain range-bound as benefits from falling raw material costs are expected to be neutralised by rising promotional budgets.
Following the December quarter results, Axis Bank shares plunged 6.24 per cent to hit a low of Rs 1,020.85 on BSE. With this, the year-to-date return for the banking stock has turned negative.