Stocks on July 24: Infosys, DRL, Hero Motocorp, Radico Khaitan, Persistent, Tanla Focus
Share market news, stocks will be tracked on July 24: Domestic equity benchmarks rose on Wednesday, July 23, due to interest purchases of financial, IT and energy shares, although FMCG sales pressures limit the upside. Sensex scored a closing 539.8 points at 82,726.6, while Nifty50 raised 159 points to 25,219.9. Globally, the United States signed a trade agreement with Japan, and concerns over the ongoing trade war benefited from the aggressive and unpredictable trade moves of U.S. President Donald Trump. However, ahead of the U.S. president’s August 1 deadline, uncertainty in the interim India-U.S. trade deal puts Dalar Street investors on the edge.
Investors are waiting for more revenue from Indian companies to get domestic tips.
Here are a number of stocks that will be followed on Thursday.
Company revenue
Infosys The report said that the quarterly volume was strong after Wednesday’s hourly market. Its consolidated net profit was Rs 692.1 crore and revenue was Rs 422.79 crore.
According to Zee Business Research, Infosys estimates reported net profit of Rs 660.4 crore and revenue of Rs 4199.9 billion, or US$ 48.886 billion.
Also read: Infosys’ Points Revenue
More than 60 companies plan to report their quarterly results on Thursday, including Bajaj Finance, Canara Bank, Tanla and SBI Life.
Dividend Stocks | Hero Motocorp, Radico Khaitan …
At the opening clock on Thursday, many stocks will trade at the opening ceremony, including Hero Motorcycle, Crompton Greaves Consumer, UTI AMC and Radico Khaitan.
Spandana Sphoorty Financial Rights Issues
Spandana Sphoorty Financial plans to conduct a front right-wing deal.
Bajaj Consumer Care
The company’s board of directors is scheduled to meet Thursday to consider a stock buyback proposal.
Tata Consumer Products
Tata Group achieved strong operating performance between April and June, with PAT growing 15% and revenue growing 9.8%.
Its June EBITDA margin was 12.7%.
According to Zee business research, it is estimated that TATA’s consumer products have a profit margin of 10.8%.
Bajaj Housing Finance
NBFC’s financial results were mixed, with net profit up 21% and NII up 7.8%.
The company’s asset quality deteriorates.
Cigniti Technology
The company’s financial performance in the June quarter was weaker, with its net profit down 10%.
Highest petrified
The company reported revenue fell 11.9 per cent to Rs 1,387 crore in the quarter ended June 30.
Its EBITDA fell 29% to Rs 115 crore and its profit fell 34% to Rs 81 crore.
Dr. Reddy’s laboratory
The drugmaker’s quarterly and bottom line beat analyst estimates, but its margin fell.
Its consolidated profit was Rs 14.18 crore, compared with an estimated Rs 13.49 crore.
Force motor
The automaker performed outstanding financial results in the June quarter, with EBITDA’s revenue rising nearly 22% and 33%.
The company’s PAT jumped 52% to Rs 176 crore, with its profit margins rising by 120 basis points to 14.4%.
Continuous System
The company’s profits and revenues meet street estimates.
Its quarterly profit margin for June was 15.54%.
Thyroid health care technology
The company reported strong financial results in the June quarter, with its net profit rising by 62%.
Angel One
The brokerage has proposed a joint venture with Livwell to get involved in life insurance.
The company will acquire a 26% stake for Rs 10.4 crore, while the remaining 74% will be with Livwell Holding.
Inox wind
The company has set the price of Rs 120 per share as the price of its rights issue.
Bell
PSU has received a defense order of Rs 2,940 crore from the Ministry of Defense.
This contract involves the supply of HMV 6×6 vehicles.
Tilaknagar Industries
The company will acquire the Empire Blue brand from Pernod Ricard for a deal of Rs 41,500 crore.
The acquisition will transform Tilaknagar into a pan-Indian player in the Alco-Bev market.
