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Amazon pilots grocery pick-ups indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Nomura, Kotak Institutional Equities, HSBC, Edelweiss, CLSA, Centrum, Emkay Global and HDFC Securities maintained buy ratings on SBI and raised target prices from 2-23%. ....
So clearly, the Covid related impact in each of the businesses have been far less. In retail, the only disappointment was on the margin front where we have seen a fair amount of moderation. That said, the 30-35% growth in new commerce has been fairly strong. The overall performance on the operating front was better than our expectation in most segments. Below EBITDA, there have been positive surprises which led to a strong beat versus our estimate on the EPS front. While it was all looking good in the numbers – Jio and retail numbers were a miss. Also, there was no fresh update on new energy, the Jio phone plus, the O2C stake sale or for that matter the recent ....
Most FPIs waiting for a correction on Dalal Street to buy more: Pratik Gupta indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
“HCL Technologies’ 27% valuation discount to Wipro is a bit harsh given HCL Technologies’ consistent past outperformance on revenue and profit growth, said Credit Suisse. CLSA said the revenue miss was a disappointment but it is due to transient factors and momentum is likely to come back strongly in the second quarter driven by the ramp-up of large deals won in the quarter ended March 2021 and the clawback of revenue slippage in the first quarter. HCL Technologies reported an 8.5% sequential rise in consolidated net profit to ₹3,214 crore for the quarter ended June, which was in line with analysts’ estimates. Its consolidated revenue increased 2.2% from a quarter ago to ₹20,068 crore, which was slightly below estimates. The company said it expects revenue to grow in double-digits in the current financial year in constant currency terms. ....