Market breadth was skewed in favour of sellers. Around 3,005 stocks declined, 906 stocks advanced, and 90 stocks remained unchanged on BSE.
ONGC Videsh to acquire stake in Azerbaijan's ACG oil field for $60 million.
Source: Exchange filing
US Food and Drug Administration inspection at Zydus Lifesciences Ltd. Ahmedabad transdermal manufacturing site closes with 2 observations.
Source: Exchange filing
Net profit at Rs 3,015 crore vs Rs 4,224 crore
Revenue at Rs 1.13 lakh crore vs Rs 1.16 lakh crore
Ebitda fell 39% at Rs 5,650 crore vs Rs 9,213 crore
Ebitda margin at 5% vs 8%
State Bank of India's operation is unaffected by Microsoft outage, said Chairman Dinesh Kumar Khara.
Source: PTI
Muthoot Microfinance Ltd. has cut interest rates by 35 basis points, effectively reducing lending rate to 23.30% from 23.65%.
Source: Exchange filing
Ministry of Electronics and Information Technology's Indian Computer Emergency Response Team notes outage of Microsoft Windows due to Crowd Strike agent Falcon Sensor update
Issues occurred in the latest update of CrowdStrike and changes have been reverted by the CrowdStrike Team.
Source: Government advisory
Revenue rose 11.8% at Rs 1,322 crore vs Rs 1,182 crore
Ebitda rose 22.5% at Rs 223 crore vs Rs 182 crore
Margin at 16.9% vs 15.4%
Net profit rose 9.8% at Rs 112 crore vs Rs 102 crore
Net profit at Rs 482 crore vs Rs 6 crore
Revenue rose 9.8% at Rs 1,720 crore vs Rs 1,567 crore
Ebitda rose 60.2% at Rs 240 crore vs Rs 150 crore
Ebitda margin at 13.9% vs 9.6%
National Stock Exchange Ltd.'s operation is unaffected due to global Microsoft Azure Outage.
Total income rose 33.5% at Rs 491 crore vs Rs 368 crore
Net profit rose 30.3% at Rs 70 crore vs Rs 54 crore
The US Food Drug Administration's inspection at Vishakhapatnam manufacturing facility of Divi's Laboratories Ltd. closes with one observation.
Source: Exchange filing
BSE Ltd. has not experienced no issues in its operations to due to technical glitches on Microsoft products and services that halted flight operation across the globe.
Source: BSE's spokesperson
Our services are still seeing continuous improvements while we continue to take mitigation actions.
Source: Microsoft 365's official X handle.
Applications and websites hosted on Microsoft impacted
Issue being worked upon
Booking website/app, V-Assist, Airport CUTE infra at multiple airports affected
Source: Copy of email reviewed by NDTV Profit
Revenue rose 11.8% at Rs 180 crore vs Rs 161 crore
Ebitda fell 3.4% at Rs 43 crore vs Rs 45 crore
Margin 24% vs 27.8%
Net profit flat at Rs 30 crore
Board approves raising up to Rs 1,300 crore
Tribunal passes award worth Rs 584 crore in favour of Krishnapatnam Railway Co in dispute against Rail Vikas Nigam Ltd.
Source: Exchange filing
Nazara Technologies Ltd. has approved an acquisition of 48.42% stake in Paper Boat Apps for up to Rs 300 crore.
The company is to hold 100% stake in Paper Boat Apps post acquisition.
Source: Exchange filing
CaratLane has became wholly-owned subsidiary of Titan Co.
Source: Exchange filing
Thermax Ltd. has incorporated an wholly-owned step-down subsidiary TVPIPL at paid-up share capital of Rs 8.1 crore.
Alert: TVPIPL stands for Thermax Vebro Polymers India Private Ltd.
Source: Exchange filing
Sandur Manganese and Iron Ore Ltd. has received an approval from CCI for strategic business acquisition of Arjas Steel.
Source: Exchange filing
Payments & operating metrics rebounding to Jan'24 levels
Expect revenue & profitability to improve from here now
Merchant subscriptions reaching Jan'24 levels
Expect per device subscription revenue to increase as merchant onboarding increases
Gross Merchandise Value has revived on consumer side
Awaiting approvals to start new customer onboarding
Expanding loan services by integrating more lending partners
This would include secured products like loan against property
Expect take-rate to come around 3%
On account of disruption in Paytm Payments Bank, our revenue & profitability have declined
Stopped some other products where we thought the regulator may have concerns
Value of loans has been broadly stable on sequential basis
Will communicate about Paytm Wallet once we have a plan. It's a bank product
As a distributor, if we are looking for any partnerships, we will inform as and when we plan
Caplin Point Laboratories Ltd.'s subsidiary Caplin Steriles received a US Food and Drug Administration approval for Ephedrine Sulphate injection Caplin Pt 1484.5.
Alert: Ephedrine Sulphate is generic therapeutic equivalent of AKOVAZ, which is used in treatment of low blood pressure.
Source: Exchange filing
KP Energy Ltd. has commissioned a 23.1MW (phase-X) ISTS connected wind power project in Dwarka.
Source: Exchange filing
Maintain sell with a target price Rs 935 compared to Rs 900 earlier, which implied a downside 6.5%
Managed EBIT margins well despite soft revenue growth
Weak growth aided by lower outsourcing & consultancy charges.
No drag from VinFast going ahead
Reported weak start to FY25
The management seems confident of demand outlook,
Some peers have indicated moderation in automotive spends to be monitored going forward.
Market breadth was skewed in favour of sellers. Around 1,828 stocks fell, and 1,124 stocks advanced, and 117 stocks remained unchanged on BSE.
At pre-open, the NSE Nifty 50 was 0.21% or 52.95 points higher at 24,853.80, and the S&P BSE Sensex was 0.30% or 241.60 points higher at 81,585.06.
The yield on the 10-year bond opened flat at 6.97%.
It closed at 6.97% on Thursday.
Source: Cogencis
The local currency strengthened by 3 paise to open at 83.63 against the US dollar.
It closed at 83.66 on Thursday.
Source: Bloomberg
Sona BLW Precision Forgings Ltd. has considered raising fund via issue of shares, equity linked instruments, QIP on July 24.
Source: Exchange filing
Samhi Hotels Ltd. has signed a management agreement with Marriott for rebranding two hotels in Pune and Jaipur.
It has also signed a pact with Marriott for 4 ACIC hotels to be converted from franchise to management agreements.
Source: Exchange filing
The Indian rupee closed weaker on Thursday on dollar demand by oil importers amid rising oil prices. The local currency closed 8 paise weaker against the US dollar to Rs 83.66, marking its lowest closing level.
All You Need To Know About FII Positions Going Into Trade On July 19
Vodafone Idea Approves Allotment Of More Than 40 Crore Equity Shares
Sanstar: The company will offer its shares for bidding on Friday. The price band is set from Rs 90 to Rs 95 per share. The Rs 510.2-crore IPO is a combination of a fresh issue of Rs 397.1 crore and the rest is offer for sale. The company has raised Rs 153 crore from anchor investors.
Sanstar Raises Rs 153 Crore From Anchor Issue In Pre-IPO Fundraise
Vodafone Idea Approves Allotment Of More Than 40 Crore Equity Shares
Infosys Q1 Results: Profit Beats Estimates, FY25 Forecast Raised
Trade Setup For July 19: Nifty Bulls Eye 25,000 Milestone Amid Pre-Budget Rally