The market ended a range-bound and volatile session on a mixed note, with the Nifty50 managing to hold 17,500 levels in the previous session. It was supported by metal, select banks and auto stocks. The BSE Sensex fell 36 points to 58,817, while the Nifty50 gained 10 points at 17,535.
Results today
Apollo Hospitals Enterprise, Aster DM Healthcare, Aurobindo Pharma, Bata India, Bharat Forge, Gujarat Ambuja Exports, Greaves Cotton, Garden Reach Shipbuilders & Engineers, Himadri Specialty Chemical, KNR Constructions, Page Industries, The Phoenix Mills, Puravankara, Quess Corp, Sapphire Foods India, Shilpa Medicare, Spencers Retail, Sunteck Realty, Trent, Vipul Organics and Wonderla Holidays will be sharp for June quarter results on August 11.
Stocks in News
Coal India
The state-owned company posted 178 percent year-over-year growth in consolidated profit of Rs 8834.22 crore for the quarter ended June FY23 on a low basis. June FY22 results were impacted by the second wave of COVID-19. Sales increased by 39 percent to Rs 35,092 crore compared to the same period last year. The country’s largest coal mining company produced 159.75 million metric tons of raw coal, up 29 percent year-on-year and the crude coal decline increased 10.6 percent year-on-year to Rs 177.49 million tons for the quarter ended June FY23 .
Tata Consumer Products
The Tata Group company posted a year-over-year profit growth of 38 percent from Rs 277 crore for the quarter ended June FY23, with sales up 11 percent to Rs 3,327 crore and EBITDA increasing 14 percent to Rs 460 crore compared to the period a year ago. Sales at constant exchange rates increased 10 percent year-over-year.
Eicher Motors
The two-wheeler and commercial vehicle manufacturer reported 157.5 percent year-over-year growth in consolidated earnings of Rs 610.66 crore for the quarter ended June FY23, supported by a low base. Q1FY22 earnings were impacted by the second wave of COVID. Revenue grew by 72 percent to Rs 3,397.5 crore compared to the corresponding period last fiscal year.
oil india
The company reported 166 percent year-over-year growth in consolidated earnings of Rs 3,230 crore in the quarter ended June FY23. Revenue grew 86.5 percent to Rs 11,567 crore in Q1FY23, compared to Rs 6,202 crore in the same period last year.
Indian Railway Catering and Tourism Corporation
The company posted year-over-year earnings growth of 198 percent at Rs 245.52 crore for the quarter ended June FY23 with operations normalizing helped by a low base. Last year’s quarter was impacted by the second wave of COVID. The turnover increased by 250 percent to Rs 852.60 crore compared to the corresponding period last fiscal year.
Mahindra & Mahindra
Life Insurance Corporation of India sold a 2 percent or 2.49 crore share of the auto company through open market operations. This reduced LIC’s stake in the company to 6.42 percent from 8.43 percent earlier.
CESC
The company reported 6 percent year-over-year growth in consolidated earnings of Rs 297 crore for the quarter ended June FY23, impacted by the cost of fuel and electricity purchased but aided by revenue, regulatory revenue and lower tax costs. Sales increased by 27.5 percent to Rs 4,102 crore compared to the same period a year ago.
PB Fintech
The Policybazaar operator posted a consolidated loss of Rs 204.33 crore for the quarter ended June FY23, greater than a loss of Rs 110.84 crore in the corresponding period last fiscal year due to weak operating performance. The company reported significant increases in personnel, advertising and promotion costs for the quarter. EBITDA loss more than doubled to Rs 234.3 crore for the June quarter FY23, from a loss of Rs 118.35 crore in the corresponding period last fiscal year, and operating revenue came in at Rs 505.2 crore, a increase of 112.5 percent from Rs 238 crore reported in the period from a year ago.
The expert opinions and investment tips in this News18.com report are their own and not the website’s or its management. Users are advised to contact certified experts before making any investment decisions.
Read the Latest news and Important news here