A Moneycontrol analysis shows that India’s growth figures have witnessed an average 0.9 percentage point revision over the last eight years between the first release and final data
"Highway construction has fallen due to a slowdown in land clearance after the Model Code of Conduct kicked in and voting began from April 19," a senior government official said.
Road construction usually sees a drop in an election year as the execution of projects is delayed during the model code of conduct and project awarding is delayed in the financial year before the Lok Sabha elections.
Net Sales are expected to increase by 26.7 percent Y-o-Y (down 21.8 percent Q-o-Q) to Rs. 4,216.4 crore, according to ICICI Securities.
Net Sales are expected to increase by 7.1 percent Y-o-Y (down 5.1 percent Q-o-Q) to Rs 1,281.4 crore, according to Nirmal Bang.
Apple shares rose over 3% to $164.30 in after-hours trading. But they have been down 10% this year, in line with the broader market, as investors reconsider stocks that have soared during the pandemic and shift funds toward safer assets.
While the 2 percent sequential growth in third quarter constant currency revenue of Tata Consultancy Services is marginally better than market estimates, most other numbers are largely in line. Experts say the current performance is largely priced in and see no major revisions in the yearly estimates.
In this edition of CNBC-TV18's weekly show - Indianomics, Latha Venkatesh talks to leading economists on their outlook on the gross domestic product (GDP) growth this fiscal, after the government Friday released its advance estimate at 7.1 percent.
Speaking to CNBC-TV18, Jal Irani of Edelweiss Financial Services said that it has upgraded the company‘s target price by 10 percent to Rs 1,410 per share.
V Srinivasan of Angel Broking says FMCG major ITC‘s Q3 results have come inline with the brokerage estimates. He recommends a buy on the stock with a target price of Rs 382.
India's largest commercial vehicle manufacturer Tata Motors surprised Dalal Street on every parameter on Friday with the second quarter (July-September) consolidated net profit surging nearly 71 percent year-on-year on Jaguar Land Rover boost.
Prasad Koparkar, Senior Director at Crisil Research has done a survey of about 500 companies across 50 sectors. The big conclusion is that topline will grow at about 6-7 percent, which is better than the 4 percent seen in Q1.
Sun Pharma wrote-off Rs 2,517 crore to settle a patent litigation with Pfizer, which resulted in a consolidated Q1 net loss of Rs 1,276 crore. However, adjusted profit jumped 56 percent and revenue was up 32 percent, sending the stock up over 8 percent.
StarMine's SmartEstimates, which places greater emphasis on forecasts by top-rated analysts, expects Ambuja Cements to report a profit of 3.19 billion rupees for the quarter, compared with a consensus mean estimate of 3.42 billion rupees.
SP Tulsian of sptulsian.com told CNBC-TV18 that the Reliance's earnings for June quarter were in line with his expectations. However, petchem needs to improve if the market has to be happy with the company, he says.
Group CFO and Director Finance, Farid Kazani of Mastek says that the quarterly results were disappointing on the back of completion of projects in UK. Foreseen ramp down in operations also resulted in a drop in revenues.
Credit Suisse has an "underperform" rating on Jubilant Foodworks and sees downside risks to the Domino's Pizza and Dunkin' Donuts restaurant chain operator's same-store sales guidance of 8-10 percent.
StarMine's SmartEstimates, which places greater emphasis on forecasts by top-rated analysts, expects Infosys to report an operating profit of 28.93 billion rupees for the quarter compared with a consensus mean estimate of 29.94 billion rupees.
India, Asia's third-largest economy, is likely to grow 5.3 percent in 2013, the OECD said, lower than the November forecast of 5.9 percent.
Jefferies reduced its target price, same-store sales and earnings estimates on Jubilant Foodworks after the operator of Domino's Pizza and Dunkin' Donuts restaurants missed Q4 street expectations. Kotak Institutional Equities and IDBI Capital among others also have cut their forecast on the stock.
Karnataka has voted and the fate of 2,940 candidates in 223 Assembly constituencies of the state have been sealed in the electronic voting machines which will be opened at 8 AM on May 8.
Exide Industries is to announce its fourth quarter results today. According to CNBC-TV18's estimates, the company's Q4FY13 revenues are seen up 14% at Rs 1650 crore versus Rs 1447.6 crore, year-on-year.
JSPL reported an improvement in their plant load factor (PLF) from 81 percent to 99.5 percent in fourth quarter-ended March on a quarter-on-quarter basis.
Infosys will kick start IT industry earnings for Oct-Dec this week, a seasonally weak quarter for the sector. This time the weakness will be more evident due to the overall slowdown in client spends and the impact of Hurricane Sandy that hit in November.
Hero MotoCorp will report its earnings on Tuesday amid what has been a very sluggish second quarter for the two-wheeler industry in general.