How Indian defence stocks are shaping up for 2024
How is this hot sector likely to perform in 2024? Find out
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How is this hot sector likely to perform in 2024? Find out
A short build-up was seen in 67 stocks including Coromandel International, Bajaj Finance, Chambal Fertilisers & Chemicals, Bharat Electronics, and Bajaj Finserv.
On Tuesday, stocks 1953 advanced, 1861 declined and 93 remained unchanged, with an advance decline ratio of 1.05 on the Bombay Stock Exchange (BSE), indicating positive closing of stocks in broader markets.
Bharat Electronics Q3 FY24 Results Live: Revenue increased by 0.22% YoY & profit increased by 40.22% YoY
ITC Ltd is expected to announce its December quarter results on Monday. The company is likely to report a steady volume growth in both cigarettes and non-cigarette FMCG business, as well as strong traction in the hotel segment. However, the agri and paper and paperboards businesses may have been sluggish, restraining overall revenue growth. Analysts estimate a nearly 5% YoY growth in revenue to Rs 17,016 crore, a 2.5% YoY increase in EBITDA to Rs 6,378 crore, and a 2% growth in profit to Rs 5,137 crore.