The stock is up 91 percent in the last one year and trades at premium valuations
Although commodity costs declined in the September quarter, they are expected to stay high due to a lag effect.
As efforts to raise prices are meeting with limited success IT companies are moderating salary costs, their biggest expenditure component
HCL Tech saw a higher reduction in profit margins in IT services compared to TCS and Infosys
Analysts polled by CNBC-TV18 expect volume growth to continue to remain muted in Q4 impacted by four consecutive years of excise duty hikes and corresponding price hikes of 15 percent taken post Union Budget. Cigarette volumes are expected to decline by 9-10 percent, similar to what was seen in last quarter.
Gravita India has expansion plans of entering into recycling of aluminium and plan to invest Rs 10 crore for that facility in Jaipur, said Navin Sharma of Gravita India.
Suresh Kalyan, CFO, Amara Raja Batteries said fourth quarter being the peak quarter for inverter business, the company saw Rs 102 crore of business vis-Ã -vis Rs 48 crore that we did in Q3.
R Mukundan, MD of Tata Chemicals, in an interview on CNBC-TV18 said that the company’s operating performance was impacted due to the sever winter faced in the UK and that the situation on the ground in terms of demand or a pullback in demand was not critical at this point in time.