Ajit Mishra, SVP - Technical Research, Religare Broking
Markets started the week on a volatile note and ended almost unchanged. After the initial fall, Nifty recovered gradually as the day progressed and finally settled at 19426.30 levels. Meanwhile, a mixed trend was witnessed on the sectoral front wherein IT, FMCG and media edged higher while metal, realty and financials ended in the red.
Nifty respected the support zone of the short term moving average i.e. 50 EMA, after penetrating the previous swing low at 19,300 levels. Despite the corrective tone, we have been seeing resilience in select heavyweights, which is not only keeping a check on the pace of decline and also triggering recovery in between. We feel it is prudent to stay focused on trade management amid mixed signals and wait for clarity.
Vinod Nair, Head of Research at Geojit Financial Services:
Following weak performances in Asian markets, the domestic indices commenced the day with a negative bias, prompted by discouraging domestic industrial data along with concerns over demand from China. However, the indices managed to recover from their initial losses, ending the day on a relatively neutral note.
India's wholesale inflation persisted in negative territory, albeit moderating to -1.36%, as the decline in fuel prices was counterbalanced by higher food costs. India's CPI inflation, due to be released today, is anticipated to exceed the RBI's tolerance level of 6% due to mounting pressure from elevated food prices.
Rupak De, Senior Technical analyst at LKP Securities:
The Nifty index displayed volatility throughout the trading session, before ending the day with minimal change. On the daily chart, it's evident that the index received support at the 50EMA, leading to a notable intraday rebound. However, the RSI on the daily chart demonstrated a bearish crossover, with its value dropping below 50. This could be indicative of a weakening trend. If the index falls below the 19250 mark, it might incite a corrective movement towards the 19100-19150 range in the near future. Conversely, resistance can be identified at the 19550 level on the higher side.
Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas:
The Nifty witnessed a volatile day of trade today. It opened on a negative note and witnessed selling pressure. However, as the day progressed it saw buying interest from lower levels and closed well off the intraday lows. More importantly, it has managed to close above the 40-day moving average (19355), indicating that it is a crucial support to watch out for in the near term. Only a decisive close below it shall lead to a further decline. On the upside, the zone of 19450 – 19500 is a crucial hurdle where resistance in the form of the key hourly moving averages is placed which shall restrict the upside.
The daily and hourly momentum indicators are providing divergent signals. Thus, under such a situation a consolidation is highly likely. Overall, there a no signs of a trend reversal, and hence the short-term outlook is negative. On the downside we expect the Nifty to target levels of 19100. The crucial support zone on the downside is placed at 19300 – 19250 and on the upside, resistance is placed at 19450 – 19500.
Bank Nifty has formed a doji pattern on the daily charts. this pattern after a sharp fall indicates that Bank Nifty can consolidate from a short-term perspective. After falling for three consecutive weeks, it has reached the 20-week moving average (43880) which can restrict a sharp decline from hereon. The daily and hourly momentum indicators are providing divergent signals. Thus, under such a situation a consolidation is highly likely. However, the overall trend is still negative, and we expect levels of 43500 from a short-term perspective.
Shrikant Chouhan, Head of Research (Retail), Kotak Securities
Markets continued to witness wild fluctuations due to weak Asian cues but early optimism in European indices aided recovery in local markets with the help of buoyancy in IT stocks. However, deflation and demand slowdown in China coupled with concerns over more rate hikes in developed economies going ahead has been taking the sheen out of equity markets. Investors are also wary of steady selling by foreign investors in local markets this month, which is causing traders to limit their exposure. All eyes will be on CPI and WPI inflation numbers and if the reading is higher, more correction could be in the offing.
Technically, after an early morning selloff the Nifty took support near the 50 day SMA (Simple Moving Average) and bounced back sharply towards the end. For the day traders now, 19350 would act as a trend decider level, above which the pullback rally could be seen which would drive the market up till 19500-19560. On the flip side, a fresh selloff could be seen only after the dismissal of 19350, and below the same, the index could retest the level of 19300-19250 or 50 day SMA.
Rupee Close:
Indian rupee ended lower at 82.95 per dollar on Monday versus Friday's close of 82.85.
Market Close
: Benchmark indices ended flat in the volatile session on August 14.
At close, the Sensex was up 79.27 points or 0.12 percent at 65,401.92, and the Nifty was up 6.20 points or 0.03 percent at 19,434.50. About 1509 shares advanced, 2101 shares declined, and 165 shares unchanged.
LTIMindtree, Divis Labs, Infosys, HUL and Reliance Industries are among the major gainers on the Nifty, while losers included Adani Enterprises, JSW Steel, Hindalco Industries, State Bank of India and Tata Steel.
On the sectoral front, except Information Technology and FMCG, all other indices are ended on a negative note with metal index down nearly 2 percent, while power, realty and PSU Bank down 0.5 percent each.
BSE midcap and smallcap indices shed 0.5 percent each.
Stock Market LIVE Updates | HSBC On Tata Power Company
-Hold call, target raised to Rs 230 from Rs 200 per share
-Expect resolution of Mundra next year, renewables to benefit from recent capitalisation
-Upgrade as believe stock is factoring in benefit of renewables valuation
Stock Market LIVE Updates | JPMorgan View On Apollo Tyres:
-Overweight call, target Rs 450 per share
-Balance sheet & RoCE continues to strengthen
-Q1 RoCE has met upper end of FY26 target of 12-15 percent
-Net debt reduced to Rs 3,800 crore from Rs 4,300 crore in Q4
-Capex guidance remains unchanged with key focus on debottlenecking
-Use of AI/Ml to further increase utilization levels
-Near term outlook in Europe market appears subdued, co expects recovery in H2
Stock Market LIVE Updates | Macquarie On ABB India
-Outperform call, target Rs 4,400 per share
-Reported earnings came in 21 percent ahead of expectation
-Strong double-digit margin across all segments
-Robust order inflow, aided by a mix of base and project orders
-Sustained demand momentum; scale benefits to aid margin
-Rs 2,000 crore set aside for bolt-on acquisitions showcases growth focus
-Believe it can help accelerate its portfolio in newer growth areas
Sensex Today | Anuj Choudhary - Research Analyst at Sharekhan by BNP Paribas
Indian Rupee fell to a fresh 10-month low on weak domestic markets and a strong Dollar. India’s IIP also grew at a slower pace as compared to the forecast.
The dollar gained after US PPI data was higher than forecast and safe haven demand on risk aversion in global markets.
We expect Rupee to trade with a negative bias on risk aversion in global markets and rising US dollars. FII outflows may also weigh on Rupee. However, a decline in crude oil prices may support Rupee at lower levels. Traders may take cues from India’s inflation data which is expected to jump to 6.4% from 4.81% in the previous month. We expect the USDINR spot to trade in the range of 82.50 to 83.50 in the near term.
Sensex Today | Market at 3 PM
The Sensex was up 156.17 points or 0.24 percent at 65,478.82, and the Nifty was up 22.50 points or 0.12 percent at 19,450.80. About 1340 shares advanced, 1917 shares declined, and 121 shares unchanged.
| Company | CMP | High Low | Gain from Day's Low |
|---|---|---|---|
| Indian Railway | 50.35 | 50.45 44.85 | 12.26% |
| JBM Auto | 1,314.00 | 1,344.85 1,185.00 | 10.89% |
| Olectra Greente | 1,118.50 | 1,127.90 1,015.00 | 10.2% |
| Mazagon | 1,882.00 | 1,918.80 1,719.00 | 9.48% |
| Bank of Mah | 38.90 | 39.20 36.20 | 7.46% |
| Archean Chem | 538.90 | 543.95 504.00 | 6.92% |
| PNC Infratech | 340.00 | 350.00 318.05 | 6.9% |
| Cochin Shipyard | 688.20 | 695.20 645.40 | 6.63% |
| Kalyan Jeweller | 206.25 | 207.50 194.05 | 6.29% |
| Sterling Wilson | 370.50 | 379.90 350.10 | 5.83% |
Stock Market LIVE Updates | Sanghi Industries Q1 results:
Net loss at Rs 189.4 crore versus loss of Rs 32.9 crore and revenue down 51% at Rs 166.7 crore versus Rs 339.1 crore, YoY.
Stock Market LIVE Updates | Lupin gets USFDA approval for Doxycycline Hyclate Delayed-Release Tablets:
Lupin has received approval from the United States Food and Drug Administration (U.S. FDA) for its Abbreviated New Drug Application for Doxycycline Hyclate Delayed-Release Tablets USP, 50 mg, 60 mg, 75 mg, 80 mg, 100 mg, 120 mg, 150 mg, and 200 mg, to market a generic equivalent of Doryx Delayed-Release Tablets, 50 mg, 75 mg, 80 mg, 100 mg, 150 mg, and 200 mg and Doryx MPC DelayedRelease Tablets, 60 mg and 120 mg, of Mayne Pharma International Pty. Ltd.
This product will be manufactured at Lupin’s Pithampur facility in India.
Stock Market LIVE Updates | JPMorgan View On FSN E-Commerce Ventures (Nykaa)
-Underweight call, target Rs 105 per share
-Q1 miss as lower ad income/mix weighs on BPC revenue/margin
-Q1 revenue & earnings were below expectations
-BPC revenue growth was affected by subdued ads income & modest ATU increase
-Fashion revenue was muted due to tepid demand
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| Edelweiss | 54.60 | 10.19 | 16.78m |
| Mazagon Dock | 1,889.00 | 8.48 | 6.83m |
| Cochin Shipyard | 685.35 | 6.12 | 6.67m |
| PVR INOX | 1,718.40 | 4.86 | 2.47m |
| Amber Enterpris | 2,580.00 | 4.16 | 234.10k |
| Heidelberg Cem | 190.15 | 3.6 | 1.10m |
| HEG | 1,731.95 | 2.9 | 297.98k |
| Graphite India | 443.10 | 2.83 | 1.04m |
| Strides Pharma | 441.50 | 2.66 | 320.05k |
| Blue Dart | 6,375.00 | 2.46 | 58.68k |
Stock Market LIVE Updates | ideaForge gets Rs 88 crore order from Indian government
ideaForge announces that it has received an order of about Rs 88 crores to provide Surveillance Quadcopters along with essential accessories to one of the forces under the Ministry of Defence, Government of India
Stock Market LIVE Updates | LIC: R Doraiswamy is appointed Managing Director w.e.f September 1, 2023
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| JSW Energy | 353.40 | 3.32 | 9.35m |
| Trent | 1,928.00 | 2.24 | 1.29m |
| Varun Beverages | 866.50 | 2.01 | 1.93m |
| Godrej Prop | 1,549.55 | 1.95 | 409.39k |
| Bank of India | 88.80 | 1.78 | 10.81m |
| Sun TV Network | 553.40 | 1.53 | 2.13m |
| Max Financial | 845.95 | 1.36 | 1.10m |
| Indian Bank | 393.10 | 1.34 | 1.57m |
| Polycab | 4,713.25 | 1.15 | 318.89k |
| Power Finance | 266.95 | 1.1 | 10.23m |
Stock Market LIVE Updates | Wockhardt reports Q1 earnings
- Net loss at Rs134 cr vs loss of Rs67 cr (YoY)
- Revenue up 8.0% at Rs644 cr vs Rs595 cr (YoY)
- EBITDA at Rs16 cr vs EBITDA loss of Rs16 cr (YoY)
- Other income at Rs14 cr vs Rs57 cr (YoY)
- One-time loss at Rs14 cr vs nil
- Margin at 2.5%
Stock Market LIVE Updates | India July Trade Data
--Exports down 16% at $32.25 bln vs $38.34 bln (YoY)
--Imports down 17% at $52.92 bln vs $63.80 bln (YoY)
--Trade deficit at $20.7 bln vs $25.4 bln (YoY)
Sensex Today | Nifty PSU Bank down 0.5 percent dragged by State Bank of India, Bank of Baroda, Canara Bank
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| SBI | 562.40 | -2.05 | 20.60m |
| Bank of Baroda | 189.35 | -1.71 | 18.07m |
| Canara Bank | 328.70 | -1.02 | 6.50m |
| IOB | 30.40 | -0.49 | 59.82m |
| PNB | 62.35 | -0.32 | 30.17m |
Stock Market LIVE Updates | Macquarie View On City Union Bank
-Neutral call, target Rs 140 per share
-PPoP in-line, pat beat on account of lower taxes
-Increase in slippages & GNPA partly optical
-Loan growth declines 4 percent QoQ, guidance retained
-FY24 NIM to remain in line with Q1 levels
-Upside Risk: higher-than-expected recoveries leading to lower credit costs
-Downside Risk: slower-than-expected loan growth
Stock Market LIVE Updates | Solara Active Pharma Q1:
Net loss at Rs 19.5 crore against loss of Rs 16.4 crore and revenue up 6.7% at Rs 352.3 crore versus Rs 330.1 crore, YoY.
Stock Market LIVE Updates | Jai Balaji Industries Q1 Results:
Net profit at Rs 170.4 crore versus Rs 22 crore and revenue down 0.8% at Rs 1,482.6 crore versus Rs 1,494.7 crore, YoY.
Stock Market LIVE Updates | Saksoft Q1 Results:
Net profit up 41% at Rs 25.1 crore versus Rs 12 crore and revenue up 24% at Rs 183.5 crore versus Rs 148 crore, YoY.
Sensex Today | Market at 2 PM
The Sensex was down 34.05 points or 0.05 percent at 65,288.60, and the Nifty was down 23.30 points or 0.12 percent at 19,405. About 1290 shares advanced, 1939 shares declined, and 120 shares unchanged.
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| Infosys | 1,388.60 | 1.21 | 222.36k |
| HUL | 2,529.85 | 1.11 | 41.69k |
| Reliance | 2,570.60 | 0.89 | 310.71k |
| Asian Paints | 3,206.00 | 0.65 | 15.98k |
| Larsen | 2,652.15 | 0.53 | 14.35k |
| Nestle | 21,928.35 | 0.45 | 296 |
| ICICI Bank | 955.25 | 0.3 | 157.30k |
| Wipro | 414.20 | 0.29 | 66.68k |
| Kotak Mahindra | 1,796.20 | 0.24 | 58.96k |
| Sun Pharma | 1,133.15 | 0.08 | 37.26k |
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| JSW Steel | 798.50 | -2.64 | 42.72k |
| SBI | 562.00 | -2.12 | 848.93k |
| Tata Steel | 118.10 | -1.83 | 1.58m |
| Tata Motors | 604.65 | -1.15 | 449.16k |
| Bajaj Finserv | 1,486.85 | -1.08 | 34.65k |
| Bharti Airtel | 862.10 | -0.96 | 17.33k |
| IndusInd Bank | 1,388.20 | -0.64 | 119.53k |
| UltraTechCement | 8,078.95 | -0.58 | 1.23k |
| HDFC Bank | 1,609.65 | -0.58 | 278.84k |
| ITC | 446.95 | -0.39 | 145.64k |
Stock Market LIVE Updates | AstraZeneca Pharma Q1 Results:
Net profit at Rs 54 crore versus Rs 20.1 crore and revenue up 27.2% at Rs 295.5 crore versus Rs 232.3 crore, YoY.
Stock Market LIVE Updates | DCW Q1 Results:
Net profit down 83% at Rs 10 crore against Rs 58.7 crore and revenue down 43% at Rs 438 crore versus Rs 768.6 crore, YoY.
Sensex Today | BSE Information Technology index up 0.4 percent led by Digispice Technologies, Moschip Technologies, Control Print
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| Digispice Tech | 33.36 | 7.09 | 69.39k |
| Moschip Tech | 98.10 | 6.91 | 1.51m |
| Control Print | 741.00 | 4.69 | 6.61k |
| Cressanda Sol | 26.18 | 3.48 | 2.14m |
| Rategain Travel | 561.50 | 3.41 | 46.99k |
| Datamatics Glob | 522.45 | 2.67 | 31.75k |
| FCS Software | 2.39 | 1.7 | 1.05m |
| Mastek | 2,092.00 | 1.53 | 11.31k |
| LTIMindtree | 5,182.75 | 1.5 | 7.18k |
| Kellton Tech | 82.54 | 1.36 | 116.04k |
Stock Market LIVE Updates | Sakthi Sugars Q1 Results:
Net profit down 53.5% at Rs 80.6 crore versus Rs 173.4 crore and revenue up 23% at Rs 370 crore versus Rs 302 crore, YoY.
Stock Market LIVE Updates | Nectar Lifesciences Q1 Earnings:
Net profit down 53.2% at Rs 1.8 crore versus Rs 3.9 crore and revenue down 2.2% at Rs 394 crore versus Rs 403 crore, YoY.
Sensex Today | Rajani Sinha, Chief Economist
The wholesale price index (WPI) continued in a deflationary zone for the fourth consecutive month in July, helped by lower metals, chemicals, textile, manufactured food, and mineral oils prices. However, the pace of annualised decline in WPI slowed significantly compared with the previous two months, with the spike in food prices led by vegetables restricting the downside. Consequently, sequential momentum in WPI turned positive after two months.
If the food prices continue to trend upward, the deflationary trend could end, and WPI inflation could turn marginally positive in the coming months. Additionally, the uptrend in global crude oil prices, global edible oil prices, and uneven monsoon distribution domestically pose an upside risk to the outlook.
Nevertheless, we expect the WPI inflation for this fiscal at a subdued level (in the range of 1-2%) with positive implications for the retail inflation trajectory.
Stock Market LIVE Updates | HSBC View On Voltas
-Buy call, target Rs 1,000 per share
-Q1 was a mixed bag
-Strong showing in the products business was offset by a loss in the projects business
-Resilience of room AC demand, stabilisation of market share
-Resumption of margin recovery make us optimistic
Sensex Today | TVS Supply Chain Solutions IPO issue subscribed 1.84 times on final day
The maiden public issue of TVS Supply Chain Solutions has been bought 1.84 times by investors on August 14, the last day of bidding, which saw bids for 4.61 crore equity shares against an offer size of 2.51 crore shares.
Retail investors continued to provide a strong response to the offer buying 6 times the allotted quota. A decent support was witnessed from high networth individuals (HNIs), who have subscribed 1.71 times the portion set aside for them.
Qualified institutional buyers (QIB) bought 47 percent shares of the reserved portion, which is 75 percent in the IPO. At least a 90 percent subscription in the QIB category is a must for any IPO to sail through.
The TVS Mobility Group has reserved 15 percent portion of the IPO for HNIs and the remaining 10 percent for retail investors.
Sensex Today | Prashanth Tapse, Research Analyst - Sr VP Research at Mehta Equities:
The spotlight is back on Adani groups stocks and this time the auditor raises concerns and resign. Such developments are never welcomed by market participants. Post Hindenburg reports deloitte wanted to have a detailed forensic group audit and due to non-cooperation and delay, deloitte decided to get down as statutory auditor to Adani firm and later appointed MSKA & Associates as the company’s new auditor.
We continue to remain neutral to negative on such development on Adani Group stocks. On Adani Port, technically Rs 762 level acts as crucial support for the counter any close below this we would see more selling pressure and even test Rs 700 level on a worst case scenario.
Stock Market LIVE Updates | Kotak Institutional Equities View On Jindal Steel & Power
-Buy call, target raised to Rs 815 per share
-Q1 EBITDA 22 percent above estimate, with EBITDA/t at Rs 14,420/t
-EBITDA growth led by a combination of higher realisation & lower costs
-Received mining lease approval for two of its four allocated thermal coal mines
-Mining approval a key catalyst in margin expansion thesis
-Stepped up capex in Q1 toward expansion projects
-On track to increase its finished steel capacity to 15 mtpa by end-FY2025
-Net debt reduced sequentially, despite growth capex and higher working capital
Stock Market LIVE Updates | CLSA View On Campus Activewear
-Buy call, target Rs 365 per share
-Revenue growth below estimate, volume growth at 0.7 percent
-Realisation increase 4.2 percent in Q1
-Demand remained challenging during quarter
-Saw signs of improvement in its key states, augurs well for festive season
-Gross margin expansion aided by an improving channel & product mix
-Core EBITDA margin rose 45 bps YoY to 18.7 percent
-Company expects some stability in margin
-Cut earnings by 3-5 percent as moderate rev growth assumptions over FY24-25
Stock Market LIVE Updates | Gabriel India Q1 Results:
Net profit up 29% at Rs 42.5 crore versus Rs 33 crore and revenue up 12% at Rs 806 crore versus Rs 721 crore, YoY.
Stock Market LIVE Updates | Jefferies View On Adani Ports
-Buy call, target Rs 890 per share
-Auditor resignations are viewed as a negative
-Replacement with a reputed auditor (Top 6) gives some comfort
-Operationally, company's medium term double-digit growth should continue
-Mundra's market share gain story may be replicated at acquired ports
Stock Market LIVE Updates | Finolex Cables Q1 profit grows 34.1% YoY to Rs 160.4 crore
Finolex Cables has recorded a 34.1% on-year growth in consolidated profit at Rs 160.4 crore for quarter ended June FY24, driven by better topline and operating numbers. Revenue for the quarter stood at Rs 1,204.3 crore, rising 18.6% over a year-ago period.
Sensex Today | Market at 1 PM
The Sensex was down 185.50 points or 0.28 percent at 65,137.15, and the Nifty was down 70.80 points or 0.36 percent at 19,357.50. About 1215 shares advanced, 1987 shares declined, and 112 shares unchanged.
| Company | Bid Qty | CMP Chg(%) | Today Vol 20D Avg Vol |
|---|---|---|---|
| Texmo Pipes | 101047.00 | 68.32 19.99 | 240312 17848.25 |
| Prakash Steelag | 139005.00 | 6.56 19.93 | 2800577 283267.00 |
| Simplex Infra | 33175.00 | 55.03 9.99 | 363826 76770.95 |
| Zen Tech | 24045.00 | 827.75 5 | 147081 98796.70 |
| Jupiter Wagons | 31372.00 | 258.50 5 | 140732 210541.55 |
| Refex Ind | 22464.00 | 703.05 5 | 59650 74040.50 |
| Paramount Comm | 147530.00 | 51.08 4.99 | 219752 212727.55 |
| GVK Power | 1366521.00 | 4.21 4.99 | 4852487 3027983.50 |
| Aartech Solonic | 131.00 | 131.85 4.98 | 2373 15768.30 |
| Ravi Kumar Dist | 50374.00 | 14.15 4.97 | 3702 5555.30 |
| Company | Offer Qty | CMP Chg(%) | Today Vol 20D Avg Vol |
|---|---|---|---|
| GCM Securities | 1673532.00 | 2.64 -9.9 | 1611295 - |
| WPIL | 18527.00 | 3138.80 -5 | 3742 11176.60 |
| Country Condos | 31883.00 | 4.10 -4.87 | 32696 104549.60 |
| Reliance Home F | 5578079.00 | 1.77 -4.84 | 3717247 12272113.05 |
| 21st Cen Mgt | 2500.00 | 20.49 0 | 5 3088.55 |
Stock Market LIVE Updates | Divis Laboratories Q1 Results:
Net profit down 49.3% at Rs 356 crore versus Rs 702 crore and revenue down 21.2% at Rs 1,778 crore versus Rs 2,255 crore, YoY.
Stock Market LIVE Updates | Rail Vikas Nigam Q1 profit jumps 15.3% YoY to Rs 343 crore, revenue increases 20%
Rail Vikas Nigam has registered a 15.3% year-on-year growth in consolidated profit at Rs 343 crore for June FY24 quarter, driven by healthy operating income and topline. Revenue from operations grew by 20% YoY to Rs 5,571.6 crore during the same period.
Stock Market LIVE Updates | IRCTC signs MoU with Delhi Metro to provide QR code based DMRC tickets
IRCTC has signed a MoU with Delhi Metro Rail Corporation (DMRC) for providing QR code based DMRC tickets through IRCTC Platform. This innovative initiative is set to benefit passengers of both IRCTC and DMRC by streamlining the travel experience and reducing the time spent in queues at stations.
Stock Market LIVE Updates | Aurobindo Pharma Q1 profit rises 10% YoY to Rs 570.8 crore, revenue grows 10%
Aurobindo Pharma has reported consolidated profit at Rs 570.8 crore for quarter ended June FY24, rising 9.7% over a year-ago period, driven by higher other income and operating numbers. Revenue from operations grew by 9.9% to Rs 6,850.5 crore compared to similar quarter previous fiscal, with US formulations business rising by 11.2% to Rs 3,304 crore, Europe formulation increasing 18.6% to Rs 1,837 crore and growth markets revenue growing 12.9% to Rs 486 crore. On the operating front, EBITDA jumped 19.3% to Rs 1,151.4 crore with margin expansion of 134 bps during the same period.
