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UPL expects earnings pressure in Q4 as well on weak demand and sees normalisation kicking in from Q2 of FY25 instead of the earlier H2 of FY24

News reports also said the Reserve Bank of India may consider cancelling Paytm’s banking licence, as early as next month, once the depositors money is safe.

The share price touched 52-week high of Rs 729 on the BSE.

The benchmark indices achieved a new record high, a correction towards the close led to a 2.34 percent gain for the week, marking the most substantial weekly increase in two months

Revenue from operations for the same period increased 24.6 percent year-on-year to Rs 954.7 crore in Q3FY24.

The projects are scheduled to be completed in the financial year 2024-25, in various tranches as per the terms of the order.

The stock has surged more than 55 percent in the past three months, making it the most valued public sector undertaking ahead of SBI

Revenue from operations for the same period grew 25 percent YoY to Rs 1,10,577 crore for the quarter, while EBITDA for the quarter grew 59 percent to Rs 15,333.3 crore.

The company#39;s net profit zoomed 121 percent on-year to Rs 244.4 crore, and revenue from operations jumped 64 percent YoY to Rs 1,056.4 crore during the quarter ended December 2023.

Several brokerages, including Motilal Oswal, Jefferies and Nomura, have a “buy� call on SBI stock. JP Morgan and Bernstein have an “overweight� call on the counter.