HUL: Given the context of no significant signs of rural recovery and key commodities still remaining above pre-Covid levels, ICICI Securities’ outlook for staples companies remain neutral for FY24.
TechM was seen as the only exception in the tier-I IT companies that may report a de-growth in sequential CC revenues. The IT major is seen reporting 13.6 per cent YoY (0.2 per cent QoQ) rise in net sales at Rs 13,760 crore.
Hindustan Unilever said its total sales for the quarter grew 11 per cent to Rs 14,953 crore. Ebitda for the quarter came in at Rs 3,574 crore, up 8 per cent.
Stocks in focus today: Market to remain range bound with positive bias driven by results from index heavyweights, RVNL, Axis Bank, Maruti Suzuki, HUL among stocks to watch on April 27, 2023, Thursday.