The likelihood of El Nino in FY24 may have a positive impact on electricity demand, it said. Demand in the last financial year was supported by a severe heat wave, favourable base, and a revival in economic activity. The rating agency expects sustained growth in electricity demand to improve the vis…

ICRA sees power demand growth at 5-5.5% in FY24 vs 9.6% FY23

Indian IT companies revenue growth will slow down further to mid-single digits amid intensifying headwinds for the nearly USD 250 billion dollar sector, domestic rating agency Icra said on Wednesday.

IT sector growth to slow down further in FY24, hiring to be low: Icra

As per industry lobby grouping Nasscom’s report published in March, the sector’s growth slowed down to 8.4 per cent in FY23 from over 15 per cent in the previous fiscal.

IT sector growth to slow down further in FY24; hiring to be low amid uncertainties: Icra | The Financial Express

India’s total plant load factor (PLF) or capacity utilisation of thermal plants is expected to rise to 65.1 per cent this fiscal over 64.2 per cent in the preceding financial year (FY) 2022-23, according to Icra.

Thermal plants capacity utilisation may to improve to 65.1% in FY24: Icra

In its latest report, Icra projected the all-India thermal PLF level to improve to 65.1 per cent in FY2024 led by the growth in electricity demand and limited thermal capacity addition.

Thermal power plants capacity utilisation projected to improve to 65.1 pc in FY24: Icra | The Financial Express

Icra estimates the services gross value added (GVA) year-on-year growth to have risen mildly to about 6.4 per cent in Q4 FY23 from 6.2 per cent in Q3 FY23.

Services Sector To Drive GDP Growth To 4.9 Pc In Q4 FY23: Icra

Domestic rating agency Icra expects GDP growth in January-March period of 2022-23 at 4.9 per cent, a modest step-up from the 4.4 per cent recorded in preceding quarters, driven by the services sector.

Services sector to drive GDP growth to 4.9% in Q4 FY23, says Icra

Services sector to drive GDP growth to 4.9 pc in Q4 FY23: Icra | The Financial Express

Bidding for the debt sale is likely to be held from 11:00 am to 12:15 pm IST on Monday, May 29, on the BSE bond platform, sources said. The bonds are rated AAA by ICRA and India Ratings.

IIFCL plans to raise up to Rs 2,000 cr via 10-year bonds

Consolidated revenue from operations increased by 17.6 per cent YoY to Rs 403.2 crore in FY23

Icra Q4 net profit up 14.5% YoY to Rs 38.6 cr; revenue rises 16.4%

Organised jewellers are expected to record revenue growth of 12-15 per cent in FY24 despite a high base and evolving macro-economic environment, against the expected industry growth of 8-10 per cent YoY, ICRA said in a report.

Organised jewellery likely to witness 12-15% growth in revenue in FY24, says ICRA | The Financial Express

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

ICRA Limited (ICRA) is an independent and professional investment Information and credit rating agency.

ICRA Ltd