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ZEEL Q4 Results: The company reported a loss of Rs 196 crore in the same quarter last year. The revenue from operations for the quarter stood at Rs 2,185 core against Rs 2,126 crore in the corresponding quarter of the previous year.

The fall in profit after tax (PAT) could be attributed to higher provisions reported in Q4FY24 at Rs 1,774 crore compared to Rs 735 crore in Q4 FY23.

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The Nifty IT index closed 0.85 per cent down at 33381.85.

Dharmesh Shah says by the dip should be the strategy and going forward, 22,500 has been acting as a stiff resistance for the Nifty for a long time. We believe the market should surpass this level of 22,500 and we should be challenging the life-high in the next week which is around 22,800. He recommends M&M, SBI, and L&T for specific price targets, emphasizing their positive prospects in the market.

Indian benchmark equity indices traded higher on Friday, led by auto, metal, and banking stocks

The company’s cons loss widened to Rs 7,675 crore versus Rs 6,419 crore reported in the year-ago period. Its revenue stood at Rs 10,607 crore. An income tax refund helped Vi generate operating cash flow of Rs 12,100 crore.

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Revenue from operations in the reporting fourth quarter declined marginally to Rs 46,269 crore, compared with Rs 46,962 crore in the same quarter of last year.