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Several Indian companies, including Jindal Steel And Power Ltd, Indegene Ltd, Dabur India Ltd, Shree Cement Ltd, Bharat Electronics Ltd, PB Fintech Ltd, and Larsen & Toubro Ltd, are anticipated to be under the spotlight on Friday as their third-quarter earnings are set to be reported. The earnings expectations are closely watched by brokerages, which are likely to have reiterations or downgrades based on the company’s performance.
As for the broader market, Jefferies, a leading brokerage firm, believes that the Nifty (S&P 500 of India) will reach its low point before February 7, provided there are no surprise taxes in the upcoming budget and the Reserve Bank of India (RBI) adopts a pro-growth stance.
NDTV Profit has gathered insights from various analysts on the expected performance of these companies and sectors. The key takeaways are:
* Jindal Steel And Power Ltd: Brokerages expect a strong quarterly performance, driven by better-than-expected operating margins and steady coal sales.
* Indegene Ltd: Analysts anticipate a modest growth in revenue and profitability, thanks to its clinical research contracts and steady pharmaceutical sales.
* Dabur India Ltd: The food and beverages major is expected to report a decent quarter, with sales driven by its popular consumer brands and stringent cost control measures.
* Shree Cement Ltd: With the cement industry facing headwinds, brokerages predict a mixed bag of performance, with some expecting a moderate beat and others predicting a disappointing show.
* Bharat Electronics Ltd: The defense and technology company is likely to report a soft quarter, as its sales are expected to be subdued, leading to a booked earnings decline.
* PB Fintech Ltd: As a leading fintech company, analysts anticipate a good quarter, driven by strong growth in bookings and billings, with revenues expected to rise by 20-30%.
* Larsen & Toubro Ltd: The engineering and construction major is expected to have a stable quarter, with a modest beat, driven by steady performances in its industries and a softening costs.
Keep a close eye on these companies and sectors as the Q3 earnings reports are released, as well as for updates on the macroeconomic stance, to gauge the trajectory of the Indian markets.