Stay updated with breaking news from Axis Securities. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Bajaj Finance is set to release its quarterly earnings, with analysts expecting strong double-digit growth in earnings driven by healthy loan growth, higher margins, and moderate costs. The company's provisional updates showed a strong growth in assets under management (AUM) and new loan disbursements.
ITC Ltd is scheduled to release its earnings for the December quarter later today, and Dalal Street investors’ eyes will be on the performance of the mainstay cigarette business and the fast moving consumer goods vertical.Steady volume growth in both cigarettes and non-cigarette FMCG business, coupled with strong traction in the hotels segment is likely to aid the quarterly performance of the diversified conglomerate.
The key highlights of this week are going to be the Interim budget, the US Federal policy decision and quarterly earnings.
Union Budget 2024: The government expects to collect Rs 27,625 crore from STT in FY24, which is 10.5 percent higher than the revised budget estimate for FY23. However, STT accounts for just about 1.5 percent of the direct tax collection estimate of Rs 18.24 lakh crore.
Analysts expect higher capital expenditure for renewable energy, incentives for green initiatives, and production-linked incentives for solar module manufacturing.