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The company’s revenue from operations reached ₹4,698 crore in the June quarter. However, this was accompanied by a 170 basis point contraction in margins to 12.4%, primarily due to a shift in the business mix towards lower-margin segments, resulting in an EBITDA of ₹583 crore.

"With a robust project pipeline and strong balance sheet, we are confident of tapping the huge growth and are well-positioned to continue this upward trajectory and deliver enhanced value to all our stakeholders," Global CEO Amit Jain said.

According to Nagaraj Shetti of HDFC Securities, the Nifty index is approaching a significant resistance level at 24,960, calculated using a Fibonacci extension based on key market points from March to October 2023. This suggests that we may see increased volatility or consolidation around the 24,950-25,000 range in the near future.

The decision leaves the deposit rate at 3.75%, where it has stood after a single rate at the previous meeting on June 6. "Domestic price pressures are still high, services inflation is elevated and headline inflation is likely to remain above the target well into next year," the bank said in a statement accompanying the decision.

The Dow Jones Industrial Average fell 41.52 points, or 0.10%, at the open to 41,156.56.

Vodafone Idea has approved the allotment of 41.52 crore shares worth Rs 615 crore to Nokia and Ericsson at Rs 14.80 per share.

One 97 Communications, operating Paytm, could report a net loss between Rs 1,013 crore and Rs 840 crore and a revenue between Rs 1,532 crore and Rs 1,490 crore for June 2024, according to estimates by two brokerages.

In recent days, Dalal Street has been renewing its vows for old-favourite software stocks. The Nifty IT index jumped over 2%, with LTIMindtree, TCS, Wipro, Infosys, Coforge, and HCL Tech rallying between 2-4% each. The results of Infosys today will give greater clarity to the movement in IT stocks.