Indian fairness markets are more likely to open greater on Friday. SGX Nifty was up with features signalling that Dalal Street is headed for a optimistic begin, whereas international cues had been blended after the NASDAQ ended with features whereas S&P 500 and Dow Jones moved decrease. “While most sectors are trading in tandem with the benchmark and drifting lower, defensive like FMCG and pharma are still holding strong. Participants should maintain a cautious stance and align their positions accordingly,” stated Ajit Mishra, VP – Research, Religare Broking. In the earlier session, benchmark index S&P BSE Sensex opened with features however bears took over later forcing the index to closed at 53,416, down 98 factors. Nifty 50 ended at 15,938.
Stocks in deal with 15 July, Friday
ACC: The cement firm reported a 60 p.c on-year decline in consolidated revenue at Rs 227 crore in quarter ended June 2022 dented by rising international gasoline prices and associated inflationary impacts. EBITDA fell 51 per cent YoY to Rs 426 crore and margin declined by 1,310 bps to 9.7 per cent in Q2CY22. Revenue elevated by 15 per cent YoY to Rs 4,393 crore with cement gross sales volumes up 10.5 per cent at 7.56 million tonnes and prepared combine concrete gross sales volumes up 43.1 p.c at 0.83 million cubic metres.
Cipla: Drugmaker’s subsidiary Cipla Health Limited (CHL) has signed definitive agreements for the acquisition of Endura Mass. According to the corporate’s press assertion, Endura and all different related merchandise can be a part of the acquisition. CHL will provoke the distribution and advertising of the Endura Mass pending the closure of the proposed acquisition. Endura Mass has been offered in India for 20 years to customers actively trying to achieve weight.
Angel One: Angel One has reported a 50 per cent rise in consolidated internet revenue at Rs 181.50 crore for the quarter ended June 2022 as in opposition to Rs 121.37 crore posted in the identical year-ago interval. Total revenue surged 45 per cent to Rs 686.53 crore (Rs 474.48 crore). The firm reported EPS of Rs 21.33 for the interval ended June 30, 2022 as in comparison with Rs 14.58 for the interval ended June 30, 2021. Meanwhile, the board of administrators has declared Rs 7.65 a share as the primary interim dividend for FY23. The firm has fastened July 22 because the document date for figuring out eligibility of shareholders to obtain the dividend.
Bharti Airtel: In line with the partnership introduced at first of this calendar yr, Bharti Airtel on Thursday permitted allotment of 71 million shares to tech main Google at a difficulty value of Rs 734 per share. Google will maintain 1.2% of whole post-issue fairness shares of the corporate, Bharti stated in a regulatory submitting. The firm’s particular committee of administrators for preferential allotment permitted the identical, it added. In January, Google had stated that it’s going to make investments $1 billion in Bharti Airtel. Of this, $700 million (Rs 734 per share) will likely be for selecting up 1.28% stake within the telecom service supplier, whereas the remainder will likely be for multi-year plans associated to gadgets and different programmes round digital inclusion.
Tata Elxsi: The firm clocked a strong 63 p.c year-on-year progress in revenue at Rs 184.7 crore for quarter ended June 2022 on robust working revenue and topline progress. Revenues from operations at Rs 725.9 crore grew by 30 p.c YoY and EBITDA elevated 58.8 p.c YoY to 238.2 crore in Q1FY23.
Tata Steel Long Products: The firm posted lack of Rs 331 crore within the quarter ended June 2022 in opposition to revenue of Rs 331.6 crore impacted by loss at working degree resulting from greater uncooked materials value and finance value. However, income elevated by 18.2 p.c YoY to Rs 1,994 crore in Q1FY23.
Q1 Results at this time: Jindal Steel & Power, Federal Bank, Aditya Birla Money, Deep Diamond India, Den Networks, Integrated Capital Services, Just Dial, Kesoram Industries, Lloyds Metals and Energy, L&T Technology Services, Oberoi Realty, and Opto Circuits (India) will likely be in focus forward of quarterly earnings on July 15 whereas HDFC Bank, Bharat Electronics, ICICI Prudential Life Insurance Company, Netlink Solutions, Pil Italica Lifestyle, and Welcure Drugs & Pharmaceuticals will likely be in focus forward of their quarterly earnings on July 16.
Source: www.financialexpress.com”