Several Indian companies, including Larsen & Toubro, Godrej Consumer Products, and Dr Reddy’s Laboratories, are expected to record double-digit growth in their topline and bottomline figures for the March quarter due to healthy execution and strong order books. L&T’s core engineering business is expected to drive the topline with a healthy opening order book. Meanwhile, Revlimid, the cancer drug, is expected to have contributed significantly to growth in Dr Reddy’s US sales.
Suzlon Energy shares up 13.6% on rising profits
Suzlon Energy’s shares experienced a significant surge. This followed the company’s report of a fourfold profit increase for the March quarter. The company’s market capitalization