FOR MONDAY LIVE MARKET TRADING TIPS WHATSAPP ON 7772909587
The
market started Wednesday's session with nominal gains even as retail inflation
jumped from 6.07 %in February to a 17-month high of 6.95 %in March. After
trading in the green for a period, the indices erased morning gains and traded
mostly flat.
Infosys' share price rose 1 %in early trade on Wednesday (April 13) ahead of
the company's fourth-quarter results to be announced later. The IT major is
expected to report a 15-20 %increase in consolidated after-tax profit and 24 %growth
in consolidated revenue for the quarter through March. Experts say margins
should increase thanks to higher off shoring and favorable currency mixes. In
addition, ramping up new stores, adding employees and visibility will remain
key drivers going forward. The stock was last trading at Rs 1,748, up 0.35 %on
the NSE. The stock is currently trading 10.32 % below its 52-week high of Rs
1,953.70 hit on Jan.
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