Vedanta, DRL, Sun Pharma, Indian Oil, Ashok Leyland, and Others


The market prolonged a powerful rally for the second consecutive session with the benchmark indices closing at an almost three-month excessive on July 28, the month-to-month expiry day for July F&O contracts. The rally was backed by shopping for throughout sectors after Federal Reserve hiked rates of interest by 75 bps, which was on anticipated strains. The BSE Sensex jumped 1,041.5 factors or 1.87 % to 56,858, whereas the Nifty50 rose 288 factors.

Results Today

HDFC, NTPC, Sun Pharma, Cipla, Indian Oil Corporation, Ashok Leyland, DLF, Emami, Exide Industries, Nazara Technologies, Piramal Enterprises, CARE Ratings, CarTrade Tech, Cholamandalam Investment, CreditAccess Grameen, Deepak Fertilizers, Easy Trip Planners, 3i Infotech , Great Eastern Shipping, GMR Infrastructure, Godrej Agrovet, Heritage Foods, JK Paper, Mahindra Logistics, Metro Brands, Rain Industries, Route Mobile, Strides Pharma Science, Star Health and Allied Insurance Company, Torrent Pharmaceuticals, VST Industries, and Zydus Wellness will probably be in focus forward of June quarter earnings on July 29.

Stocks in Focus

Dr Reddy’s Laboratories

The pharma firm recorded a 108 per cent year-on-year development in consolidated revenue at Rs 1,187.60 crore for the quarter ended June 2022, backed by wholesome working efficiency and better different revenue. Revenue grew by 6 % YoY to Rs 5,215.40 crore in Q1FY23 on account of tepid development in North America and Europe however India development was sturdy at 26 per cent YoY.

Jubilant FoodWorks

The firm acquired 40 % stake in Roadcast Tech Solutions Private Limited that gives a logistics platform for the administration of last-mile supply operations. The acquisition price is Rs 14.98 crore.

Indus Towers

Bimal Dayal has resigned as Managing Director and CEO of the corporate. He has determined to pursue alternatives outdoors Indus Towers.

TVS Motor Company

The two-and-three-wheeler maker reported a consolidated revenue of Rs 296.75 crore for the quarter ended June 2022, towards a lack of Rs 14.72 crore in the identical interval final 12 months, supported by prime line and working efficiency. Q1FY22 efficiency was affected by the second COVID wave. Revenue grew by 56 % YoY to Rs 7,315.70 crore in Q1FY23. The board has authorized the difficulty of non-convertible debentures (NCDs) aggregating as much as Rs 125 crore on a non-public placement foundation.

Chalet Hotels

The firm has obtained a contract from Delhi International Airport Limited (DIAL) to develop a resort on the T3 Terminal of Indira Gandhi International Airport (IGIA). With this, Chalet will enter the north Indian market. The upcoming terminal resort would be the firm’s ninth hospitality property within the nation and first in northern India. The resort may have 350-400 rooms positioned within the 5-star deluxe area. The resort is predicted to be commissioned in FY26 or earlier. Chalet posted a consolidated revenue of Rs 28.5 crore for the quarter ended June 2022, towards a lack of Rs 41.66 crore within the year-ago interval because of the second COVID wave. Revenue from operations grew by 275.2 per cent to Rs 253 crore throughout the identical interval.

SBI Life Insurance Company

The life insurance coverage firm recorded a 17.78 per cent year-on-year development in revenue at Rs 262.85 crore for the quarter ended June 2022. Net premium revenue grew considerably by 32.76 per cent YoY to Rs 11,036 crore in comparison with the corresponding interval of final fiscal , however the revenue from investments got here in at destructive Rs 6,405.66 crore for the June FY23 quarter towards revenue of Rs 7,409.91 crore YoY.

Vedant

The firm recorded a six per cent year-on-year improve in consolidated revenue at Rs 5,593 crore for the quarter ended June 2022, impacted by larger enter price and energy and gas price. Revenue grew by 35 per cent YoY to Rs 39,355 crore throughout the identical interval.

RITES

The transport infrastructure consultancy and engineering agency recorded an 85.8 per cent YoY improve in revenue at Rs 145 crore for the quarter ended June 2022 and income grew by 68.8 per cent to Rs 637 crore throughout the identical interval. RITES declared an interim dividend of Rs 4 per share.

Sapphire Foods India

Nippon Life India Trustee purchased 21.23 lakh fairness shares or a 3.34 per cent stake within the firm by way of open market transactions throughout January 7-July 26. With this, its shareholding in Sapphire elevated to five.03 per cent, up from 1.69 per cent earlier.

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