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​​For the quarter, Consolidated Revenue from Operations came in at ₹715 crore, up 16%. EBITDA grew 11% to ₹64 crore compared to ₹58 crore in Q2 FY22. For the Consumer Appliances business, Revenue from Operations came in at ₹254 crore in H1 FY23, registering a healthy growth of 42% Y-o-Y. EBITDA grew by 119% on a Y-o-Y basis to ₹16 crore.

“Next year India will not be an outperformer because the other markets that have done so poorly will come back. It’s not just China but there is Korea, Japan where the yen is down something like 30% from where it was at the beginning of 2021. Big losses in currencies in Europe and Britain make those markets also look attractive. People will no longer be as interested in the places that have done very well.”

Last heard, the shares of Archean Chemical were commanding a premium of around Rs 95-100 in the grey market, hinting for a strong listing pop. The premium in the unofficial market has been hovering around the same levels.

"Its margins remain in decline mode and the company faces a risk from the category of borrowers it serves. An increase in the level of NPAs could also be a concern for the company," he added. "Those who applied for listing gains can maintain a stop loss of Rs 340."

The Fed will likely slow its interest rate hikes soon, Fed Vice Chair Lael Brainard signalled on Monday but emphasised that the central bank still had more work to do.

Retail, telecom, and new energy could drive the stock of RIL with a market capitalisation of more than Rs 17.7 lakh crore, highest among India Inc. companies listed on the stock exchange, suggest experts.

The company will also increase its authorized share capital from Rs 10.5 crore divided into 1.05 crore equity shares with a face value of Rs 10 each to Rs 11 crore divided into 1.1 crore equity shares with a face value of Rs 10 each.

Analysts said the merger creates a strong challenger in the Indian IT space with a $4.1 billion revenue run-rate as the combined entity has significant revenue synergies owing to the complementary nature of clients and service offerings.

The stock saw some selling pressure from the levels of Rs 151-63.50 in the period September 2021-June 2022 which was 61.80% retracement of its previous up move. In terms of price action, the stock price is trading above the crucial short- and long-term moving averages of 5,10,30,50,100 and 200-DMA which is a positive sign for the bulls.

"We continued with our resolve towards profitable growth, despite the headwinds. Our cost control measures, and timely pricing actions, have helped maintain our profitability in a quarter where the raw material prices were at their peak," Apollo Tyres Chairman Onkar Kanwar said in a statement.