Stocks tracked today (July 14): Hcltech, Tata Tech, Persistent, Sula Vineyards, Wockhardt, Rites, etc.
The domestic stock benchmark fell more than 1.0% last week as investors began a new earnings season around the trade war, hoping to reach a favorable India-U.S. deal. The Nifty 50 index fell 311.2 points, or 1.2%, to settle on Friday at 25,149.9.
TCS began the earnings season with a light note on Thursday, attracting different reactions from brokers. Its net profit rose 6.0% year-on-year, with the Tata Group giant announcing a dividend of 11 rupees per share. It is worse than expected quarterly revenue, which raises concerns about the future demand for the country’s IT space. The company’s customers are cautious about non-essential spending amid tariff-related uncertainty.
CLSA maintained its “cumulative” rating on TCS, but its target price was reduced by Rs 48 to Rs 4,279, while UBS maintained a “buy” call with a target of Rs 3,950. Citi retained the “sell” while reducing its target price from Rs 3,220 to Rs 3,135.
As investors await a new trade fair on Dalal Street, the following stocks will focus on Monday’s trading:
Company Results | HCLTECH, TATA Tech Q1 Results Monday
HCLTECH, TATA Technologies, Tejas Networks and Rallis India are among the approximately 25 companies that plan to report their financial results between April and June on Monday.
sirca paint
The company’s board of directors will meet on the same day to discuss prioritizing the allocation of stocks.
Market-related stock focus
NSE will launch monthly electricity futures on Monday.
During the trading day, market-related stocks will focus on them.
Company Action | Continuing System, BEML
IT companies’ shares will trade outwardly at the opening ceremony.
BEML’s board is scheduled to meet on July 21 to consider a stock split proposal.
ARIS INFRA Solutions
The company’s March revenue rose 7.3% to Rs 22.1 crore. Its net loss has shrunk to Rs 13 crore from Rs 20 crore a year ago.
IRB infrastructure
The subsidiary reported a 5.0% increase in charges collected in June and an 8.0% increase in TALLE in the June quarter.
Sula Vineyard
The company’s operating income fell 7.9% in the first quarter, and its brand revenue fell 10.8%.
Ajmera Realty
The company raised its 42% growth to Rs 23.4 crore in its first quarter collection.
However, its sales value has fallen by 65% to Rs 1,008 crore, and the carpet area has fallen by 52% while awaiting approval and low stocks.
VIP Industry
The Dilip Piramal family will sell 31.9% of the company’s shares to Pepled’s consortium for Rs 176.3 billion.
The public offer will then acquire a 26% stake in the company for Rs 388, marking a 15% discount on the market price.
Akzo Nobel India
JSW Paints will launch an open offer of 25.24% of the company’s shares.
Glenmark Pharma
The U.S. drug regulator has issued a warning letter to the Indian company facilities of Indian pharmaceutical companies, India, after a check in February.
Walkerhart
The drug manufacturer plans to withdraw from its U.S. General Pharmaceuticals business due to ongoing losses.
It plans to focus and invest in its advanced portfolio.
NCC
The company has received a acceptance letter of Rs 2,269 crore from MMRDA for the Mumbai Metro Line 6 project.
This work will be completed within two years, including design, supply and installation.
rvnl
PSU received LOA valued at Rs 21.3 billion from one of the areas under the Indian Railways.
ceremony
The company has received an order of Rs 46.8 crore from DCTE for university construction and renovation in Karnataka.
The project is expected to be completed within 36 months.
