While price-earnings multiples have come down from their peaks during the pandemic, many of the market’s biggest names continue to look expensive. At the same time, the profit outlook is weakening and the economy could be headed toward a recession as the Federal Reserve aggressively raises interest rates to combat inflation.

“On Tuesday we may see a range-bound reaction based on the mixed result, but post that and definitely in the next two-three days, other IT giants are also reporting their numbers and based on that, overall sector movement will be decided after these two-three key results comes out along with management commentary.”

In accordance with the latest corporate shareholdings filed, Ashish Kacholia publicly holds 43 stocks with an estimated net worth of over Rs. 1,875.6 crore, Trendlyne data showed.

“The growth that they have shown in CC terms is definitely a well demonstrated execution part at such a kind of scale because they have ramped up the deals that they have won in the previous quarters and demonstrated the execution part well.”

The agency said this alternate resource of fund raising by banks is on the back of widening credit-deposit gap. With credit demand continuing to outdo deposits throughout this fiscal, the overall gap between deposits and credit growth widened substantially. Incremental credit expansion stood at Rs 12.7 lakh crore, while deposit accretion continued to trail at Rs 8.9 lakh crore

Both interim and special dividends would be paid on February 3 to equity shareholders of the company whose names appear on the Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares as on Tuesday, January 17, 2023