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Revenues from operations rose 4% to Rs 5,530.51 crore as against Rs 5321.93 crore registered in the year-ago period. Total expenses in the period under consideration went up 4.5% to Rs 5165.81 crore.

Its revenue from operations rose 7.40 per cent to Rs 2,161 crore during the quarter under review, against Rs 2,012 crore a year ago.

This EPC order has been designed keeping in mind the innovative use of ‘Make in India’ cells and modules. Covering around 5000+ acres of land in Rajasthan, this project aims at reducing around 22,87,128 kg of carbon emission and is expected to generate around 2,500 million units annually.

The Dow Jones Industrial Average fell 206.89 points, or 0.61%, at the open to 33,854.17.

The company is scheduled to announce its numbers on Friday. RIL’s growth will be driven by business pickup in the oil-to-chemical and retail segment. The company is also likely to report sharp improvement in refining margins amid rocketing crude oil prices.

“The Nifty formed inside bar chart pattern (i.e. swung between its prior session’s high/low range), the said pattern indicates indecisiveness. Hence, follow-up action needs to be closely watched out. Stability is essential for any short-term bounce."

Friday may see the markets trying a stable start once again. The levels of 16,780 and 16,850 may act as immediate resistance points. The supports come in at 16,600 and 16,530 levels.

“Anything which has current cash flows, which are reasonably priced are likely to do better as opposed to anything which has got very futuristic kind of projections, cash flows and they are the ones that will correct the most. The so-called high growth stories which are sacrificing current numbers for the future will likely react far more negatively.”

In the international market, gold was trading higher at USD 1,893 per ounce and silver was flat at USD 22.95 per ounce.

“The quality of the book has significantly improved over the last two quarters and the restructured book performance has come back pretty well. For the remaining book, which is the non restructured book, actually the performance is very much close to the pre Covid levels on the rest of the book. Going forward, we should definitely see a downturn in our NPA.”