Mindtree, Hindustan Zinc, ACC, and Others

The benchmark indices fell for the third consecutive session within the earlier session with the Nifty50 breaking the psychological 16,000 mark following weak spot in European counterparts forward of US inflation information. The US inflation information, which was launched within the night, stood at 9.1 per cent in June, increased than analysts’ expectations. The BSE Sensex declined 372 factors to 53,514, whereas the Nifty50 dropped 92 factors to fifteen,967.

Results Today

ACC, Larsen & Toubro Infotech, Angel One, Bombay Burmah Trading Corporation, Butterfly Gandhimathi Appliances, Earum Pharmaceuticals, GTPL Hathway, Shakti Pumps (India), Tata Elxsi, Tata Steel Long Products, and Tiger Logistics (India) shall be in focus forward of quarterly earnings on July 14.

Stocks to Watch


The midcap IT firm reported a 37.3 per cent year-on-year progress in Q1FY23 revenue at Rs 471.6 crore, and income elevated by 36.2 per cent YoY to Rs 3,121.1 crore, with highest-ever order e-book of $570 million. The sequential income progress was 7.7 per cent in rupee phrases and the topline in fixed forex grew 5.5 per cent QoQ on the again of a wholesome demand for digital capabilities, whereas the revenue declined 0.3 per cent QoQ.

Sanofi India

The firm mentioned the board of administrators on July 26 will think about declaration of one-time particular interim dividend for the 12 months ending December 31, 2022. The report date for interim dividend has been fastened as August 8.


The authorities has accorded an funding approval for pre-investment actions for Sawalkot HE challenge (1856 MW) in Union Territory of Jammu & Kashmir for an quantity of Rs 973 crore at November 2021 worth degree. The challenge is being carried out by NHPC.

Tata Metaliks

The Tata Group firm recorded a 98.7 per cent year-on-year decline in revenue at Rs 1.22 crore for the quarter ended June 2022, however income grew by 10.5 % to Rs 666.4 crore pushed by elevated realization of each pig iron and ductile pipe by 36-40 per cent. However, gross sales quantity of pig iron & ductile pipe have been decrease by 23 per cent & 8 % respectively on a YoY foundation owing primarily to softening of market sentiment of pig iron from mid-May onwards. Pig Iron costs additionally witnessed a pointy drop in market costs after imposition of export responsibility by the federal government on May 22, 2022. EBITDA fell by 82.7 per cent YoY to Rs 27.11 crore in Q1FY23.

Tata Power Company

The firm mentioned its subsidiary TP Saurya has obtained the ‘letter of award’ from Solar Energy Corporation of India (SECI). The firm will arrange 600 MW hybrid (wind and photo voltaic) energy challenge for SECI in Karnataka. The challenge shall be commissioned inside 24 months from the PPA execution date.

Duroply Industries

Total 26 traders together with Porinju Veliyath, and Ashish Chugh will take stake within the firm. The firm mentioned the board has authorised issuance of as much as 10.33 lakh fairness shares to at least one promoter and 25 traders through preferential situation, at a worth of Rs 126 per share, and likewise 11.91 lakh warrants to promoters. The whole fund elevating through fairness shares shall be Rs 13.02 crore and Rs 15 crore through issuing warrants.

Hindustan Zinc

The firm mentioned the board has authorised an interim dividend of Rs 21 per fairness share for the monetary 12 months 2022-23 amounting to Rs 8,873.17 crore. The report date for fee of an interim dividend is July 21.

The views and funding ideas by specialists on this News18.com report are their very own and never these of the web site or its administration. Users are suggested to test with licensed specialists earlier than taking any funding selections.

Read all of the Latest News, Breaking Newshandjob watch Top Videos and Live TV right here.

Source hyperlink

Leave a Reply

Your email address will not be published.