Equity benchmarks continued to rally in morning trade with the Sensex surging 350 points, driven by banks, infra, metals and pharma stocks. Short covering and global cues drove the market higher.
Garments manufacturer Page Industries is expected to report profit at Rs 73.76 crore for July-September quarter, up 22 percent compared with Rs 60.3 crore in year-ago period, according to average of estimates of analysts polled by CNBC-TV18.
Revenue is seen rising 21 percent year-on-year to Rs 559.7 crore while EBIDTA (earnings before interest, tax, depreciation and amortisation) may grow 17 percent to Rs 118.6 crore but margin may contract 100 basis points to 21 percent in Q2.
