TCS posted a 24 percent YoY rise in profit at Rs 8,105 crore for the third quarter.
Kulkarni said in the past during elections there was no particular pattern visible in the market returns.
There is a broad realisation that public sentiments and considerations that drive state and general elections differ and hence such results cannot be extrapolated, says, Siddharth Bothra, Senior VP and Fund Manager at Motilal Oswal AMC
The Nifty witnessed weakness for the third consecutive day with forming lower highs and lower lows formation and corrected almost 250 points from the weekly high of 10,774
Steps taken by the Finance Ministry are aiding the banking industry in its battle against rising non-performing assets
The company reported weak earnings with a 38 percent fall in the revenue.
Hopeful of large corporate recoveries worth about Rs 2,000 crore from the accounts under insolvency, Bank of India chief Mohapatra is also banking on recovery from assets put up on sale and one-time settlement of NPAs.
SK Hota, the company's MD, added that liquidity was not an issue for retail home loan players.
In an interview with Moneycontrol, Kedar Upadhye, Global Chief Financial Officer of Cipla, talked about the company's strategy going forward.
Umang Vohra, Cipla's Managing Director, said some of the tender businesses are growing 40 percent lower than last year.
On the credit cost, Kumar said for the second quarter is at 1.99 percent, which is in line with the guidance of 2 percent for FY19.
“Last quarter we had fresh slippage of nearly Rs 80 crore which has come down significantly," T Latha, CEO of Dhanlaxmi Bank, said.
The company posted a good set of numbers in Q3.
Mistry said that the individual loan book on even basis was higher by 18 percent and the overall loan book was higher by 17 percent.
The electrical goods company saw a 127 percent YoY revenue growth in EPC segment in Q2
The festive season shifting to Q3 has slowed the pace of growth. However, the company expects a recovery going forward.
“We are setting up instant freeze dried coffee factory for 5,000 metric tonne capacity," Ajoy Misra, MD of the company said.
Apurva Parekh, executive director at the company, said Pidilite Industries is not worried about crude oil, currency or competition.
Vinay Shah, MD and CEO, expects net interest margin to improve from current level of 2.35 percent.
On the stocks front, Seth said that he would buy IndusInd Bank at current levels because of the strong management
“We expect momentum in the Biologics segment to continue with new market launches expected later in the year and increase penetrations in markets where our products have already been commercialized,” said Kiran Mazumdar-Shaw, Chairperson and Managing Director of Biocon to analysts.
In Q3, there was some transitions and ramp ups that got delayed. While demand remained robust, Hexaware could not capture and fulfill all of the demand because of a supply side issue from the talent perspective, specific to the US market.
EBITDA margin improved by 15 basis points QoQ in Q2FY19 at 5.36 percent
L&T Infotech reported 46.7 percent rise in consolidated net profit to Rs 400.3 crore for the quarter ended September 2018.
Monga added that the CEO search committee is also looking at internal candidates.