Indian benchmark indices are more likely to lengthen losses on Thursday. Nifty futures had been buying and selling 54.5 factors, or 0.34 per cent decrease at 15,918 on the Singapore Exchange, signaling that Dalal Street was headed for a damaging begin. “Markets will react to the US inflation data in early trades as that would set the tone for policy action by the US Fed. Besides, weekly derivatives expiry and earnings will keep the volatility high. Participants should maintain caution and continue with stock-specific trading approach,” mentioned Ajit Mishra, VP – Research, Religare Broking. In the earlier session, BSE Sensex ended 372.46 factors, or 0.69% down at 53,514.15, and the Nifty 50 declined 91.60 factors, or 0.57%, to fifteen,966.70.
Stocks in deal with 14 July, Thursday
Mindtree: Mindtree Ltd on Wednesday reported a 37.3% on-year development in its consolidated web revenue at Rs 471.6 crore for the quarter ending 30 June, 2022 as in comparison with Rs 343.3 crore in the identical quarter final 12 months. Revenue from operations, in the meantime, rose 36.2% to Rs 3,121 crore as in comparison with Rs 2,291.7 crore within the year-ago interval. Ebit margin for the quarter got here in at 19.2% as in comparison with 18.9% in March and 17.7% within the June quarter of 2021. The Bengaluru-based firm’s web revenue at Rs 471.6 crore translated right into a sequential dip of 0.3% (QoQ).
Infosys: Infosys Ltd on Wednesday signed a definitive settlement to accumulate Denmark-based BASE life science, a number one expertise and consulting agency within the life sciences business, for as much as €110 million (about $111 million). The acquisition is predicted to shut through the second quarter of FY23. Infosys mentioned BASE will carry “area consultants with industrial, medical, digital advertising and marketing, scientific, regulatory, and high quality know-how to the corporate.
Hindustan Zinc: Vedanta group agency Hindustan Zinc on July 13 knowledgeable the inventory exchanges that its board has accepted an interim dividend of Rs 21 per fairness share. The firm will find yourself paying a complete dividend amounting to Rs 8,873.17 crore for the fiscal 12 months 2022-23. “We wish to inform you that the Board of Directors of the Company through resolution passed by circulation on Wednesday, July 13, 2022 have approved Interim Dividend of Rs 21 per equity share i.e. 1050% on face value of Rs 2 per share for the financial year 2022-23 amounting to Rs 8,873.17 crores,” the regulatory submitting said.
Tata Power: Tata Power-backed wholly-owned subsidiary TP Saurya (TPSL) has obtained the ‘Letter of Award’ from Solar Energy Corporation of India (SECI) for establishing a 600 MW hybrid (wind and photo voltaic) energy undertaking in Karnataka. The subsidiary obtained the LoA via tariff-based aggressive bidding adopted by an e-Reverse public sale. The undertaking will probably be commissioned inside 24 months from the PPA execution date. With the newest win, the entire renewables capability of Tata Power reaches 5,524 MW, with an put in capability of three,634 MW and 1,890 MW underneath varied phases of implementation.
Dabur: Dabur India via its subsidiaries has acquired the whole stake in Bangladesh-based Asian Consumer Care from its three way partnership accomplice Advanced Chemical Industries for about Rs 51 crore. Dabur held a 76% stake within the agency earlier than acquisition via its subsidiary Dabur International, whereas the remaining 24% was held by Advanced Chemical Industries, the corporate mentioned in a regulatory submitting. The firm has acquired 24% stake for 60 crore Bangladeshi taka which, in keeping with current change price, involves round Rs 51 crore.
IndusInd Bank: IndusInd Bank on Wednesday mentioned it should take “appropriate action” in opposition to any of its staff if discovered indulging in any illegitimate transaction associated to a case of 2015 being probed by the Enforcement Directorate. “The ED has filed a first information report (FIR) dated July 9 with the Chennai CCB-1 Police Station against some of those entities and few employees of the bank, most of whom have already been separated from the bank,” the lender mentioned in an change submitting.
Q1 Results right this moment: 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) will probably be in focus forward of quarterly earnings on July 14.
Source: www.financialexpress.com”