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Brokers estimate up to 15 per cent year-on-year (YoY) growth in revenues

The big question facing policymakers is how to equitably distribute expenditure — given that Covid-19 has disproportionately affected the medium and small enterprises and the lower strata of society, while the economy is just starting to recover and needs fiscal impulse.

The average revenue per user (ARPU) for the quarter stood at Rs 115 vs Rs 109 in the previous quarter, a QoQ increase of 5.2 per cent, the company said.

Mazhar Mohammad of Chartviewindia.in said owing to the sharp correction of the last five sessions, a bounce can’t be ruled out going forward. In that scenario, the ideal trading range for Nifty50 shall be 17600-17,000 levels.

"Construction and real estate s is one sector along with the MSMEs, if they continue to get the support from the government for at least one more year, would do very well."

The transaction is Advent’s fifth investment in India over the past 12 months

Total revenues of the company rose 24 per cent to Rs 3,140 crore during the quarter under review as against Rs 2,540 crore in the same period of 2020-21, SBI Card said in a release.

S Ranganathan, Head of Research at LKP Securities, said, "Weak global cues ahead of the Fed meet saw a fierce selloff in new-age recently listed firms and stocks with high FII ownership. As the VIX rose more than 25% in late afternoon trade today, all sectoral indices were deeply in the red."

“The quarter has been extremely good in terms of both business growth as well as better recoveries and the control on the slippage.”

The Federal Reserve, which had in December, signalled three rate hikes of 25 basis points in 2022, is widely expected to maintain a hawkish stance at its upcoming policy statement, given that inflation is currently near 40-year highs in the country.