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Revenue from operations of the company during the quarter under review went up by 47.5 per cent to Rs 2,736.6 crore compared to Rs 1,855.2 crore in the corresponding quarter of the previous fiscal.

Cross-currency movements remain adverse, which may weigh on reported dollar revenue and margins, Emkay Global said. This brokerage expects profit for the IT major to fall 4.5 per cent YoY to Rs 3,077 crore from Rs 3,232.10 crore in the year-ago quarter while it sees Ebita margin to fall to 20.4 per cent from 21.8 per cent YoY.

Gains in realty, metal and banking stocks helped the benchmark indices recover from opening lows. The 30-share pack Sensex advanced 246.47 points to close at 54,768.

In the international market, gold was trading higher at USD 1,711 per ounce while silver was flat at USD 18.80 per ounce.

After exiting Apple, Ron tried to recapture his retailing magic as he set up Enjoy Technologies with a vision of “commerce at home”, which offered busy customers a chance to have an Apple Store-like experience in their living rooms. Ron had once boasted that “Enjoy’s mobile store can do anything you can do in a store, but better.”

The global brokerage has told investors to remain defensive in the near term and focus on domestically exposed companies that could benefit from easing cost pressures. Its preferred sectors in the near term include healthcare, fast-moving consumer goods, autos and financials.

The rupee’s drop to a record low of 80 a dollar reflects demand and supply dynamics, the people said, asking not to be identified sharing private deliberations.

Kacholia now holds a 1.42 per cent stake in La Opala against a 1.05 per cent stake in the March 2022 quarter. Following the news, the stock was trading around 6 per cent higher at Rs 291.15 on NSE.Having fallen over 37 per cent from its 52-week high of Rs 456.50, the stock has gained about 17 per cent in the last one-month period.

The stock quoted a 52-week high price of Rs 332.6 and low of Rs 181.15.

P-notes are issued by registered Foreign Portfolio Investors (FPIs) to overseas investors who wish to be a part of the Indian stock market without registering themselves directly. They, however, need to go through a due diligence process.According to the Securities and Exchange Board of India (Sebi) data, the value of P-note investments in Indian markets.