The consolidated net profit is seen rising 26.3% year-on-year (YoY) to Rs 2,149 crore, according to the average of estimates given by 9 brokerages. The revenue is expected to grow nearly 14% YoY to Rs 40,710 crore.
Asian markets followed Wall Street higher after the US Federal Reserve lowered interest rates. Fed Chair Jerome Powell indicated confidence in the US economy’s future.
Pension regulator PFRDA has revised investment rules, allowing private pension funds to invest in the top 250 market-cap stocks and gold/silver ETFs for better returns.
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