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Reliance results: What to expect from Reliance quarterly results today

The key focus in this quarter would be the core petrochemicals and oil business of Reliance Industries, says Siddhartha Khemka, Head of Retail Research, Motilal Oswal Financial Services. Edited excerpts: Do you think that loss-making unicorns will be able to keep up the momentum on Dalal Street after listing? The kind of response that Zomato and other companies have seen in the primary market shows that there is a huge amount of optimism. We would like to see how the business evolves, how pricing changes and when they can achieve profitability. At least for now, it looks like there is a huge momentum and interest in some of these players given the low penetration. There is a huge expectation that the growth can be sustained based on the technology that they are using. We saw Jubilant Foodworks talking about getting into food tech. Look at the interest that is generated in the stock. It (Zomato) is at the forefront of technology and penetration is still low. At least in the near ter

Mphasis surges 12%, hits new high on strong June quarter results

Shares of Mphasis rallied 12 per cent to hit a new high of Rs 2,692.35 on the BSE in intra-day trade on Friday after the company reported a healthy set of June quarter (Q1FY22) numbers. The company is an Information Technology (IT) solutions provider specialising in cloud and cognitive services. Its revenue increased 6.8 per cent quarter-on-quarter (QoQ) and 16.1 per cent year-on-year (YoY) to $362.9 mainly led by a 10.8 per cent QoQ increase in Direct revenues (91 per cent of revenues). In Constant Currency (CC) terms, growth was at 5.9 per cent QoQ and 16.3 per cent YoY. EBIT (earnings before interest tax) margin declined by 20 basis points (bps) QoQ to 15.9 per cent. Profit after tax (PAT) increased 7.2 per cent QoQ to Rs 339.7 crore mainly due to higher other income.

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