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In line with the September quarter earnings, the incremental gross margin in the Express Parcel and PTL businesses combined continued to be approximately 50% in the third quarter as well. Revenue from Express Parcel services grew 7% quarter-on-quarter to Rs 1,200 crore in the third quarter as against Rs 1,125 crore in the second quarter.

On the technical charts, the RSI of the stock stood at 43.47.

Brigade Enterprises, incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 11187.14 Crore) operating in Real Estate sector.

Voltas’ market share will remain a key monitorable (>300bps gap vs. peak). With stable RM and no price hike in the near term, the UCP EBIT margin can improve sequentially if healthy demand sustains.

The Relative Strength Index of the stock stood at 37.24 on Monday.

The standalone net debt as of Dec’22 stood at INR 25.9bn vs. INR 27.1bn as of Sep’22. It expects net debt at INR 24bn by Mar’23.

The stock quoted a 52-week high price of Rs 2280.8 and low of Rs 1513.3.

The Nifty Pharma index was trading 0.46 per cent down at 12270.7.

OIL earned USD 88.33 for every barrel of crude oil it produced and sold in the third quarter of the current fiscal, up from USD 78.59 a barrel realisation in the year-ago period

Given all these uncertainties where the market has decided to put in its money is the IT sector, wherein we clearly are seeing despite the talks and visible pressures of growth, initially visible pressures of margin because of increasing employee costs which now seems to be subsiding, the market is focusing on that. Market is also focusing on the banking sector which is showing good numbers.