The benchmark index fell for the third successive session in the previous session with Nifty50 violated the psychological sign of 16,000 after weaknesses in European colleagues in front of US inflation data. US inflation data, which was released at night, was established at 9.1 percent in June, higher than analyst expectations. BSE Sensex fell 372 points to 53,514, while Nifty50 dropped 92 points to 15,967.
ACC, Larsen & Toubro Infotech, Angel One, Bombay Burmah Trading Corporation, Butterfly Equipment -Gandhimathi, Pharmaceutical Earum, GTPL Hathway, Shakti Pump (India), Tata Elxsi, Long Tata Steel Products, and Tiger Logistics (India) In the future quarterly income on July 14.
Stock to watch
Mindtree
The MIDCAP IT company reported a growth of 37.3 percent year-to-year in Q1fy23 profit in RS 471.6 Crore, and income increased 36.2 percent yoy to 3,121.1 Crore RS, with the highest order book of $ 570 million. The growth of sequential revenue is 7.7 percent in the term rupees and the topline in a constant currency grows 5.5 percent qoq behind a healthy demand for digital capabilities, while profit decreases 0.3 percent qoq.
Sanofi India
The company said the board of directors on July 26 would consider the temporary dividend declaration once for the year ended December 31, 2022. The record date for the temporary dividend was established as August 8.
NHPC
The government has given investment approval for pre-investment activities for the Sawalkot HE project (1856 MW) in the Jammu Union & Kashmir region with the number of RS 973 Crore at the November 2021 price level. This project is being implemented by NHPC.
Tata Metallic
The Tata Group company recorded a decrease in profit year-to-year 98.7 percent of years-year-year with a price of RS 1.22 Crore for the quarter ended June 2022, but income grew by 10.5 percent to RS 666.4 Crore which was pushed by increasing the realization of pig iron and pipe symptoms by pipe by by by pig and pipe dactile 36-40 percent. However, the volume of sales of iron pigs & resilient pipes is lower at 23 percent & 8 percent based on yoy because it softens the pig iron market sentiment since mid-May and so on. The price of pig iron also witnessed a sharp decline in market prices after the imposition of export duties by the government on May 22, 2022. Ebitda fell 82.7 percent yoy to RS 27.11 Crore in Q1FY23.
Tata Power Company
The company said its subsidiary TP Saurya had received a ‘award letter’ from Solar Energy Corporation of India (SECI). The company will establish 600 MW Hybrid (Wind and Solar) Project for SECI in Karnataka. This project will be assigned within 24 months from the date of PPA implementation.
Duroply Industry
A total of 26 investors including Veliath Porction, and Ashish Chugh will take shares in the company. The company said the board had approved the issuance of up to 10.33 Lakh Equity shares to one promoter and 25 investors through preference problems, with the price of RS 126 per share, and also 11.91 Lakh Waran to the promoter. The total fundraising through equity shares is RS 13.02 Crore and RS 15 Crore through Publisher Warrants.
Seng Hindustan
The company said the board had approved a temporary dividend of RS 21 per equity share for the 2022-23 financial year amounting to 8,873.17 Crore Rs. The record date for temporary dividend payments is July 21.