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Marico and IOB are among 37 companies set to announce Q4 earnings on Wednesday. Analysts anticipate Marico's revenue to rise by 17% YoY, driven by price hikes and international growth. However, margin pressure is expected to limit profit growth to a marginal 3% YoY, with EBITDA estimated to increase by 4% YoY.
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News and Media
Ather Energy's IPO allotment is expected to be finalized today, following a subscription rate of just over 1.4 times. Investors can check their allotment status via the BSE website or Link Intime. The grey market premium indicates a flat listing, and shares are slated to list on May 7. The IPO aims to raise funds for expansion and R&D.
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News and Media
U.S. stocks surged, with the Dow and S&P 500 achieving their eighth consecutive session of gains, fueled by robust earnings from Microsoft and Meta, which alleviated concerns regarding AI spending. Microsoft's surge briefly positioned it as the world's most valuable company, while Meta's strong advertising performance boosted its revenue.
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News and Media
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