Market Bizzz

TCPL reported consolidated revenue and EBITDA growth of 10.9% and 5% YoY, respectively. However, recurring PAT declined 20.5% YoY. Constant currency growth was 10%. The gross and EBITDA margin of the company declined 101bps and 73bps. While standalone revenues, EBITDA and PAT were up 7.2%, 25.1% and 20.9% YoY, respectively.

Most recently, with firm demand for wheat and wheat products ahead of the festive season, wheat prices gained by 5 per cent from month-to-date and 2 per cent from the last week. Domestic supplies remain tight due to lower production this year coupled with strong

The strong loan growth on consumer banking made up for the tepid performance on the corporate side where the loan book shrank 2% compared to June.

Brokerages expect loan growth to see healthy traction and margin to witness expansion to 4.1%. Credit cost is seen as remaining stable and slippages may moderate. Commentary on asset quality is a key monitorable.

According to the latest shareholding pattern of Fineotex, the investor held 29,24,072 shares or 2.64% stake in the speciality chemical company

The EPC and infrastructure businesses, undertaken by Reliance Projects and Property Management Services, a wholly-owned subsidiary of RIL, are proposed to be merged into RIL, the diversified conglomerate said in a statement.

Shares of other companies that sell digital advertising also dropped, with Meta Platforms down over 4%, Alphabet down 2.7% and Pinterest losing nearly 8%. All together the sell-off in late trading erased over $50 billion in stock market value from internet ad companies.