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Cons revenue is expected to rise 0.5% sequentially and 7.5% YoY to Rs 28,599 crore, according to the average of estimates of 10 brokerages. Cons net profit is likely to fall 6% sequentially but rise by 2.8% YoY to Rs 4,094 crore.
Neogen is poised to lead in battery chemicals with its early entry and technology partnership with MUIS (Japan), targeting over 30 percent market share in India by 2030. Additionally, its core business sees traction in the CSM segment.
While analysts have cut heir VNB estimates for ICICI Prudential Life, they largely maintained their target prices on the stock post the Q4 miss.
Axis Bank is likely to report a profit of Rs 6,098 crore against a loss of Rs 5,728 crore in the year-ago period
Voda Idea's Rs 18,000 crore FPO is one of the largest fundraisers in the history of Indian capital markets and will be followed by the proposed debt raise of Rs 25,000 crore. This could enable Vi to break out of the vicious loop of high debt, lower capex, inferior network quality, and subscriber loss, Nuvama said in a note.