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Shares of Manali Petrochemicals gained over 3.5%, most in nearly two weeks. The rise comes Chennai-based investor Dolly Khanna acquired 1.09% stake in the company.
Shares of Zuari Industries also jumped nearly 7%, most in over three weeks. Dolly Khanna had acquired 1.17% stake in the company, according to data from BSE.
Source: BSE
Future Retail Admitted To Insolvency
Tata Steel, BHP intend to collaborate on ways to reduce emission intensity of blast furnace steel route.
Two firms to focus on using biomass as source of energy in steel production.
Tata Steel, BHP aim to utilise carbon capture and utilisation (CCU) in steel production
The project aims to demonstrate advantages of reducing carbon intensity of emissions in blast furnace steel-making process.
Blast furnace iron-making process accounts for over 60% of India's steel production.
Source: Tata Steel Press Statement
The broader indices underperformed their larger peers with MidCap index gaining 0.6% and SmallCap gauge jumping 0.75%. Fifteen of the 19 sectoral indices compiled by BSE Ltd. advanced with Energy, Metal, Oil & Gas, FMCG gaining over 1% while I.T. index climbed over 2%.
The market breadth is skewed in the favour of bulls. About 2,120 stocks rose, 1,133 fell and 147 remained unchanged.
Ambuja Cements Q2 Review: Valuations, Lag In Price Hikes Limit Upside, Say Analysts
HDFC Life Insurance Q1 Review: Analysts Bet On Premium Growth, Balanced Product Mix
Aspire to take homegrown brands to overseas markets. The company has established distribution arrangements and currently exports to 60 countries. Over time, such exports will make a substantial contribution to the growth of your Company’s value-added FMCG portfolio.Sanjiv Puri, Chairman & Managing Director, ITC
India Plans $10 Billion Electric Bus Contract To Curb Emissions
The S&P BSE MidCap index underperformed its larger peers, gaining 0.7% while S&P BSE SmallCap almost mirrored Sensex and Nifty. All 19 sectoral indices compiled by BSE Ltd. advanced, with S&P BSE Oil & Gas and Energy gaining 2%.
The market breadth is skewed in the favour of bulls. About 1,962 stocks rose, 389 fell and 84 remained unchanged.
Rupee rises 2 paise to 79.93 against the U.S. dollar, at the open.
Source: Bloomberg
India Cuts Windfall Taxes On Fuel Exports As Global Prices Fall
Vedanta: The company approved a second Interim dividend of Rs 19.5 per equity share. The total dividend payout for the company amounts to Rs 7,250 crore.
Grasim: The company plans for trading and marketing of building material through a B2B e-commerce. It approved investment of Rs 2,000 crore over the next 5 years.
Krsnaa Diagnostic: The company has won a tender from Rajasthan Medical Education Society (Directorate of Medical Education), Government of Rajasthan for supply, installation, operation, and maintenance of CT Scan Center at Raj - MES Medical College located at Churu, Rajasthan on Public Private Partnership basis. The tenure of contract is 10 years.
Trident: The company has temporarily shut down major operations in Punjab, including two textile units and one paper and chemical unit, from intervening night of July 20-21 due to protests. Estimated impact on the production shall be intimated once normalcy resumes.
Vodafone Idea: The company will consider issue of equity shares or warrants convertible into equity shares upto 42.76 crore shares to promoter entity on July 22.
Gillette India/ Procter & Gamble Hygiene and Health Care: The companies have appointed L. V. Vaidyanathan as Managing Director for a period of five years with effect from July 1, 2022.
Hindustan Unilever Q1 FY23 (Consolidated, QoQ)
Revenue up 6% at Rs 14,624 crore Vs Rs 13,767 crore (Bloomberg estimate: Rs 13,401.32 crore)
EBITDA up 3% to Rs 3,402 crore Vs Rs 3,301 crore (Bloomberg estimate: Rs 3,122.3 crore)
EBITDA margin at 23.3% Vs 24% (Bloomberg estimate: 23.3%)
Net profit up 3% to Rs 2,381 crore Vs Rs 2,304 crore (Bloomberg estimate: Rs 2,206.82 crore)
ICICI Lombard General Insurance Q1 FY23 (Consolidated, YoY)
Revenue up 4% at Rs 3,978 crore Vs 3,831 crore (Bloomberg estimate: Rs 3,747 crore)
EBITDA at Rs 317 crore Vs Rs 54 crore, up 4.9 times
EBITDA margins at 8% vs 1.4%
Net profit up 80% to Rs 349 crore Vs Rs 194 crore (Bloomberg estimate: Rs 388 crore)
Ambuja Cements Q2 CY23 (Consolidated, YoY)
Revenue up 15% at Rs 8,032.88 crore Vs Rs 6,978.24 crore (Bloomberg estimate: Rs 7,993.9 crore)
EBITDA fell 39% at Rs 1,114.88 crore Vs Rs 1,827.36 crore (Bloomberg estimate: Rs 1,524.3 crore)
EBITDA margin 13.88% Vs 26.19% (Bloomberg estimate: 19%)
Net profit fell 25% at Rs 865.44 crore Vs Rs 1,161.16 crore (Bloomberg estimate: Rs 644.8 crore)
Hatsun Agro Product Q1 FY23 (Consolidated, YoY)
Revenue up 31% at Rs 2,014.6 crore Vs Rs 1,538.78 crore
EBITDA fell 2.5% at Rs 178.14 crore Vs Rs 182.81
EBITDA margin 8.8% Vs 11.8%
Net profit fell 11% at Rs 51.95 crore Vs Rs 58.32 crore
Declared dividend of Rs 6 per share of face value of Rs 1 each
L&T Finance Holdings Q1 FY23 (Consolidated, YoY)
Revenue fell 2% at Rs 2,988.4 crore Vs Rs 3,053.77 crore
EBIT fell 3.3% at Rs 1,572.58 crore Vs Rs 1626.38 crore
EBIT margin 52.62% Vs 53.26%
Net profit up 47% at Rs 262.1 crore Vs Rs 177.85 crore
Rallis India Q1 FY23 (Consolidated, YoY)
Revenue up 16.5% at Rs 862.78 crore Vs Rs 740.51 crore
EBITDA fell 7% at Rs 112.66 crore Vs Rs 121.61 crore
EBITDA margin 13% Vs 16.42%
Net profit fell 18% at Rs 67.47 crore Vs Rs 82.42 crore
Share India Securities Q1 FY23 (Consolidated, YoY)
Revenue up 63% at Rs 191.31 crore Vs Rs 117.51 crore
EBIT up 56% at Rs 60.01 crore Vs Rs 38.46 crore
EBIT margin 31.37% Vs 32.73%
Net profit up 75% at Rs 42.37 crore Vs Rs 24.14%
Declared interim dividend of Rs 2 per share of face value of Rs 10 each
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