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The third quarter earnings season sees key companies like Ashok Leyland, Siemens, and others announcing results. Ashok Leyland is predicted to witness a minor revenue decline while showing a profit increase. Siemens is expected to report significant growth in both revenue and profit, boosted by its Gas & Power and Mobility segments.
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Benchmark indices fell over 1% due to ongoing foreign fund withdrawals and new US tariffs. Stocks like Vodafone Idea, IRCTC, and HAL saw declines of 4%, 3%, and 3.6%, respectively. Riyank Arora, a Technical Analyst, advises cautious trading with specified stop losses for these stocks, highlighting their current support levels and potential upward targets.
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The RBI had prohibited IIFL from March to September 2024 from sanctioning, disbursing, or selling any of its gold loans citing certain supervisory concerns.
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