earnings season is underway and as many as 38 companies will announce their numbers for the July-September 2024 period today. Among them are 4 Nifty companies including Infosys, Wipro, Nestle and Axis Bank that will declare their results.
Apart from the above, Havells, Polycab, LTIMindtree, Harshil Agrotech, IGC Industries, Indian Overseas Bank, Jindal Stainless, Dhanlaxmi Bank among others will report their quarterly results.
India's second largest software exporter Infosys is likely to report healthy numbers in the second quarter, driven by ramp-up of mega-deals and continued demand improvement in the financial services segment.
Net sales for the quarter is seen rising 5% year-on-year, according to an average estimate of five brokerages. Most analysts estimate constant currency (CC) revenue to improve over 3% quarter-on-quarter.
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