Key Highlights
- “Participants will initially react to the earnings of key heavyweights such as Reliance Industries, HDFC Bank, and ICICI Bank.
- Thereafter, focus will shift to the broader set of Q3 earnings from several large and mid-cap companies across sectors,” said Ajit Mishra, SVP, Research, Religare Broking.
- Brokerage firm Elara Capital expects the bank to report sequential growth of 2-3% quarter-to-quarter (QoQ).
- Meanwhile, NIMs are likely to be steady or rise marginally between 5-10% QoQ.
- “ We expect better recovery from written off accounts, thereby lending support to earnings,” the firm said in a note.
