Latest Stock Market News

The total expenses in the third quarter rose to Rs 17,351 crore from Rs 15,164 crore a year ago, and Rs 16,933 crore a quarter ago. Spectrum usage charges in the quarter increased 4% YoY to Rs 2,842 crore but were down 4% sequentially.

The MPC decided by a majority of 4 out of 6 members to remain focused on the withdrawal of accommodation to ensure that inflation remains within the target going forward while supporting growth.

EPL, incorporated in the year 1982, is a Mid Cap company (having a market cap of Rs 4846.34 Crore) operating in Packaging sector.

“From a banker’s perspective, we have not seen any shortfall or any deceleration in the credit growth across sectors, not only the corporate side, which has come to us in a big way now for the last two quarters, but also for the retail side, we continue to see very strong growth. ”

Promoters held 45.25 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 19.3 per cent and 18.04 per cent, respectively.

A total of 50,774 shares changed hands on the counter till 12:51PM (IST)

Driven by better scale and improved net pricing, the brokerage expects EBITDA margin to expand, from 12.3% in FY22 to 13.2% in FY23E and to 15.4% in FY25E.

On the technical charts, the RSI of the stock stood at 40.59.

The brokerage revises its revenue forecasts for FY23/24E by -3%/-5% and EBITDA margins by +50/-90 bps due to lower growth in licenses/SaaS business.

Options data suggests a broader trading range in between 18400 to 19200 zones while an immediate trading range in between 18400 to 18800 zones,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.