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Analysts estimate net profits to grow as much as 53 per cent year-on-year while sales are expected to jump up to 46 per cent year-on-year (YoY). Ebitda margins are likely to jump, they said.

A 30 per cent dip in total provision to Rs 1,065 crore helped the bank report higher profit. Its operating profit, however, fell 12 per cent to Rs 1,527 crore due to a fall in treasury earnings, bank managing director Partha Pratim Segupta said.

Kubota is an agriculture product manufacturer and offers various machinery. It also offers engineering, procurement and construction to maintenance, among others.

Its consolidated revenue from operations during October-December 2021 stood at Rs 967.38 crore, compared with Rs 835.04 crore in the year-ago period, it added.

Total income of the company rose to Rs 226.88 crore in the quarter, from Rs 184.86 crore in year-ago period. Total expenses also increased to Rs 216.93 crore, as against Rs 175.23 crore earlier.

The firm, in its quarterly business update last month, had said it has witnessed "strong demand" across its consumer businesses and clocked 36 per cent growth over the festive quarter last year.

The Finance Minister during her budget speech kept the taxes and duties on cigarettes stable, making investors happier, who were pricing in a slight increase in duties ahead of the Budget.

Thursday is likely to see the levels of 17,850 and 17,980 acting as resistance points. Supports come in at 17,700 and 17,580 levels

The gains in early trade were led mainly by banks, NBFCs and the index heavyweight Reliance Industries.

For the third consecutive year, on-budget capex growth would be >20 per cent and is 2.9 per cent of the GDP, which is the highest in the last 5 years