Market Highlights
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July 21, 2022
- Hindalco: Alcoa reports strong set of numbers for the June ended quarter (Positive)
- Som Distilieries: Revenue at Rs. 437 cr vs Rs. 98 cr, up 345.9%. Net Profit at Rs. 25 cr vs Loss Rs. 12.6 cr. (Positive)
- OFSS: Revenues up 9.8% at Rs 1402 cr vs Rs 1277 cr, Net profit up 2.1% at Rs 492 cr vs Rs 482 cr (Positive)
- Sonata Software: Board to consider proposal for issue of Bonus Shares on 25 July (Positive)
- Ador: Received a Letter of Award (LOA) of Rs 145cr from ONGC, Uran (Positive)
- McNally Bharat:* Wins Rs 240 cr arbitration award. (Positive)
- JM Fin: To acquire 12.8% stake in BigHaat - owns and operates the agri-input marketplace. (Positive)
- Dr Reddy's: Company gets US FDA nod for generic of Vascepa capsules (Positive)
- Marksans Pharma: Company gets US FDA nod for nerve pain drug Lyrica's generic (Positive)
- Wipro: See $ revenue growth in the range of 3-5%, See $ revenue in the range of $2,817-2,872 m (Neutral)
- Sasken Technologies: Company appoints Abhijit Kabra as Chief Executive Officer w.e.f. July 20. (Neutral)
- Au Small Bank: Profit at Rs 267.8 cr Vs poll of Rs 295.9 Cr, NII 976 cr vs 724 cr YoY (Neutral)
- Indusind Bank: Profit at Rs 1603.0 cr Vs poll of Rs 1415.0 Cr, NII 4125 cr vs 3563 cr YoY (Neutral)
- Tata Comm: Profit up 47.78% at Rs 544.82 cr vs Rs 368.67 cr, Revenue at Rs 4310.0 cr vs Rs 4263 cr (QoQ) (Neutral)
- Yes Bank: R Gandhi and Ananth Narayan Gopalakrishnan cease to be Additional Directors on the Board of Yes Bank Limited with immediate effect (Neutral)
- Sasken: Net profit down 55.19% at Rs 15.23 cr Vs Rs 33.99 cr, Revenue down 7.7% at Rs 101.3 cr Vs Rs 109.8 cr YoY (Negative)
- Sagar Cem Cons net loss at Rs 13.10 cr vs profit of Rs 48.58 cr, Cons net revenue up 42.1% at Rs 557.7 cr vs Rs 392.6 cr YoY. (Negative)
- Ceat: Net profit down 61.43% at Rs 9.25 cr vs Rs 23.98 cr, Revenue up 47.8% at Rs 2,818.3 cr vs Rs 1,906.3 cr YoY (Negative)
- Havells: Net profit at Rs 242.43 cr vs poll of Rs 341 cr, Revenue at Rs 4230.0 cr vs poll of Rs 4218 cr YoY (Negative)
- Hathway: Profit down 57% at Rs 20.95 cr vs Rs 48.78 cr, Revenue up 1.3% at Rs 447.2 cr vs Rs 441.3 cr YoY (Negative)
- Wipro: Revenue at Rs 21,285 cr Vs poll of Rs 21,395 cr, Profit at Rs 3183.0 cr Vs poll of Rs 3505 cr YoY. (Negative)
- Gland Pharma: Net Profit at Rs 229.1 cr Vs poll of Rs 279.6 cr, Revenue at Rs 857.0 cr vs poll of Rs 1094 cr YoY (Negative)
- JSW Ispat: Revenue at Rs. 1664 cr vs Rs. 1462 cr, up 13.8%, Net Loss at Rs. 92.37 cr vs Profit Rs. 63.32 cr (Negative)
- Agrotech: Revenue at Rs. 186.3 cr vs Rs. 206.3 cr, down 9.7%, Net Profit at Rs. 0.22 cr vs Rs. 7.5 cr, down 97.1% (Negative)
- Restaurant Association welcomes Delhi High Court’s order staying the ban on service charge
- HUL’s Q1 performance indicates large FMCG players gaining out of inflation
- Rajarshi Gupta appointed as managing director of ONGC Videsh
- ITC to take FMCG brands to overseas markets: CMD Sanjiv Puri
- Accenture opens Advanced Technology Center in Coimbatore
- Hatsun Agro breaches Rs 2,000 crore sales mark in April-June quarter
- Competition issues: Parliamentary panel to meet representatives of Zomato, Flipkart, other tech firms
- Nissan Motor to invest over Rs 2 crore to upgrade Chengalpet medical college hospital
- FPIs, mutual funds increase stake in Paytm
- Indian e-scooter maker Ather says high costs pushing back profit timeline
- Centre says no plan to offer subsidy on export of pulses
- RBI prepared to spend up to $100 billion more to defend rupee: Source
- India to invest overseas, seek long-term deals in push for fertiliser
- WestBridge Capital raises $1.5 billion in largest-ever commitment for Indian companies
- Tesla profit tops target; Musk sees no demand problem
- NHPC, DVC ink pact to set up joint venture firm for hydro power, pumped storage project
- PhonePe to move headquarters from Singapore to India
- HUL boss warns of the coming risk to India's consumer economy
- Air India VRS: 4,500 opt for scheme
- Rupee fall unlikely to hit study abroad plans
- At $87 bn, India top remittance recipient in 2021
- UK PM race down to the final two, Sunak and Truss
- Delhi HC quashes ED order on attachment of assets over coal deal
- Covaxin third jab boosts antibody response against several Covid strains: Stud
- Again, ITC fills room with scent of a hotels demerger
- Eye on economy: Sunak wants to tackle inflation and debt, Truss keen on tax cuts
- ZEE uses metaverse to conduct induction of new tech talent
- Maruti eyes top position in India's fast-growing SUV market, set to launch multiple models
- Railways identifies 1,253 stations for development in small & big cities: Government
- Shriram Properties reports strong operational performance the first quarter
- Centre presses the pedal on safety, calls on auto cos to introduce 6 airbags in big cars
- Gold duty hike to impact profits, demand: Crisil
- Global electricity demand set to slow in 2022 and 2023 - IEA
- Ready to drink cocktails see rising preference, but low availability hampers growth: Benori Knowledge survey
- Hatsun Agro breaches Rs 2,000 crore sales mark in April-June quarter
- India plans $10bn electric bus contract to curb emissions, CESL planning tender for 50K e-buses