Revenue growth will likely remain in single digits for the fourth quarter in a row. Given a higher base in the form of strong growth in the corresponding quarter of the previous year, net profit growth is expected to be slower after growing in double digits for the previous two quarters. Banking, financial and select auto and pharma companies are expected to support revenue growth. In the year-ago quarter, revenue and net profit had grown by 10.6% and 31.9%.
F&O Talk| Indian markets in mature uptrend, Nifty now eyeing 26k: Rahul Ghose
Markets snapped their five-week-long consolidation trend, driven by improving global cues, easing geopolitical concerns, and a renewed uptick in foreign institutional investor (FII) buying during