"We expect India s growth trajectory to continue, aiming to surpass a 21-22% share in the MSCI EM index by the latter half of the year," said Abhilash Pagaria, head - alternative & quantitative research, Nuvama Institutional Equities.
Both Infosys and LTIMindtree Q3 results came in below Moneycontrol s poll estimates. While Infosys was the most upgraded IT stock in January, LTIMindtree was the most downgraded
"Revenge shopping that we saw during the pandemic was never sustainable. While people are buying higher priced products including cars and electronics with finance options, the increasing EMI every month is forcing them to cut back on lifestyle products like clothing and accessories," said Kumar Rajagopalan, chief executive officer of RAI.
The freight rail systems segment performed well in Q3, leading to overall revenue growth of 25%, but revenue from the passenger rail systems segment dropped 35%, owing to the completion of the Pune Metro contract.