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Unichem Laboratories Q1 Results | Loss at Rs 0.69 crore vs Rs 23.37 crore YOY; Revenue at Rs 423 crore vs Rs 310 crore YOY
Unichem Laboratories Q1 Results | Loss at Rs 0.69 crore vs Rs 23.37 crore YOY; Revenue at Rs 423 crore vs Rs 310 crore YOY
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GLAND PHARMA | USFDA conducted Good Manufacturing Practice (GMP) Inspection at the Company’s Dundigal Facility at Hyderabad between 03rd July, 2023 and 14th July, 2023. The inspection was concluded with one 483 Observation. The corrective and preventive actions for this observation will be submitted to the US FDA within the stipulated period, the company said. The observation issued is neither a repeated observation nor related to data integrity, it added.
GLAND PHARMA | USFDA conducted Good Manufacturing Practice (GMP) Inspection at the Company’s Dundigal Facility at Hyderabad between 03rd July, 2023 and 14th July, 2023. The inspection was concluded with one 483 Observation. The corrective and preventive actions for this observation will be submitted to the US FDA within the stipulated period, the company said. The observation issued is neither a repeated observation nor related to data integrity, it added.
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Foods and Inns rise as much as 3.49% at 194.4 rupees. Co said on Thursday it has received first tranche of incentives from Indian government under PLI scheme for FY 2021-22. Incentives amount to Rs 9.71 crore.
Foods and Inns rise as much as 3.49% at 194.4 rupees. Co said on Thursday it has received first tranche of incentives from Indian government under PLI scheme for FY 2021-22. Incentives amount to Rs 9.71 crore.
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The Nifty reached a new record high of 19567 but couldn't hold on due to selling pressure, resulting in a significant decline by the end of the day. It exhibited high volatility throughout. The daily Relative Strength Index (RSI) indicated a bearish crossover. Currently, the trend appears to be sideways in the short term. Support is expected at 19300, while resistance is seen at 19600.
The Nifty reached a new record high of 19567 but couldn't hold on due to selling pressure, resulting in a significant decline by the end of the day. It exhibited high volatility throughout. The daily Relative Strength Index (RSI) indicated a bearish crossover. Currently, the trend appears to be sideways in the short term. Support is expected at 19300, while resistance is seen at 19600.
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Closing Bell: Sensex resumes rally after 1-day break, ends 165 pts higher; Nifty above 19,400; Tanla Platforms surges 6%, Federal Bank tanks 5%
Closing Bell: Sensex resumes rally after 1-day break, ends 165 pts higher; Nifty above 19,400; Tanla Platforms surges 6%, Federal Bank tanks 5%
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EARNINGS IMPACT | Tata Consultancy Services (TCS) on Wednesday reported a nearly 17% year-on-year (YoY) rise in consolidated net profit for the June quarter to Rs 11,074 crore. Consolidated revenue increased nearly 13% YoY to Rs 59,381 crore.
EARNINGS IMPACT | Tata Consultancy Services (TCS) on Wednesday reported a nearly 17% year-on-year (YoY) rise in consolidated net profit for the June quarter to Rs 11,074 crore. Consolidated revenue increased nearly 13% YoY to Rs 59,381 crore.
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EARNINGS IMPACT | HCL Technologies on Wednesday reported a nearly 8% year-on-year (YoY) rise in consolidated net profit for the June quarter to Rs 3,534 crore. This is lower than the ET Now poll of Rs 3,792 crore.
EARNINGS IMPACT | HCL Technologies on Wednesday reported a nearly 8% year-on-year (YoY) rise in consolidated net profit for the June quarter to Rs 3,534 crore. This is lower than the ET Now poll of Rs 3,792 crore.
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Promoter Patanjali Ayurved on Wednesday proposed to sell up to 9% stake in its arm Patanjali Foods through an offer for sale (OFS). The floor price for the same is fixed at Rs 1,000, which is 22% discount to the last traded price.
Promoter Patanjali Ayurved on Wednesday proposed to sell up to 9% stake in its arm Patanjali Foods through an offer for sale (OFS). The floor price for the same is fixed at Rs 1,000, which is 22% discount to the last traded price.
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Godrej Properties declared highest bidder for two projects with Rs 3100 crore combined revenue potential
Godrej Properties declared highest bidder for two projects with Rs 3100 crore combined revenue potential
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The range-bound movement in the Indian indices was influenced by the likelihood of subdued IT earnings. While optimism about moderation in US inflation supported the broad index. Further, an uptick in domestic food inflation on the back of higher mandi prices trending above MSP and muted Kharif sowing forced the investors to be cautious. Monsoon progress and the Kharif sowing trend in July are the keys to the future inflation trend.
The range-bound movement in the Indian indices was influenced by the likelihood of subdued IT earnings. While optimism about moderation in US inflation supported the broad index. Further, an uptick in domestic food inflation on the back of higher mandi prices trending above MSP and muted Kharif sowing forced the investors to be cautious. Monsoon progress and the Kharif sowing trend in July are the keys to the future inflation trend.
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Shares of budget carrier SpiceJet fell over 12% in intraday trade on Wednesday on reports that the aviation regulator has placed the airline under enhanced surveillance. The stock recovered some lost ground and was last trading down 2% from the previous close.
Shares of budget carrier SpiceJet fell over 12% in intraday trade on Wednesday on reports that the aviation regulator has placed the airline under enhanced surveillance. The stock recovered some lost ground and was last trading down 2% from the previous close.
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The retail arm of Reliance Industries is among three companies eligible to submit a plan for the debt-ridden Future Enterprises 's bankruptcy proceedings, Future's resolution professional disclosed in an exchange filing on Wednesday.
The retail arm of Reliance Industries is among three companies eligible to submit a plan for the debt-ridden Future Enterprises 's bankruptcy proceedings, Future's resolution professional disclosed in an exchange filing on Wednesday.
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Citi downgraded Pidilite Industries to sell from a buy earlier and slashed its target price to Rs 2220 from Rs 2880 earlier. Current valuations factor in the margin expansion benefit, it said.
Citi downgraded Pidilite Industries to sell from a buy earlier and slashed its target price to Rs 2220 from Rs 2880 earlier. Current valuations factor in the margin expansion benefit, it said.
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Indian equities faced broad-based weakness, but the benchmark managed to stay marginally positive with the support of strong buying in heavyweight stocks. The weakness was led by IT stocks, as the sector is set to kick off the Q1 result season with expectations of soft earnings. Additionally, cues from the US markets are unfavourable, as concerns about another rate hike persist despite expectations of a fast cooling of future US CPI inflation data.
Indian equities faced broad-based weakness, but the benchmark managed to stay marginally positive with the support of strong buying in heavyweight stocks. The weakness was led by IT stocks, as the sector is set to kick off the Q1 result season with expectations of soft earnings. Additionally, cues from the US markets are unfavourable, as concerns about another rate hike persist despite expectations of a fast cooling of future US CPI inflation data.
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About 72% of Nifty50 stocks are either nearing or in the overbought region, with IT, Auto and Banks being the top 3 sectors by weightage in Nifty that are overbought. However, overbought signals seldom signal a reversal in a trending market, as much as they do in a sideways market. Further, despite Friday’s sharp fall in Nifty, the broader market has not been troubled as much, with only 38% of NSE500 stocks slipping below Thursday’s low, suggesting that a sell-off may be ruled out.
About 72% of Nifty50 stocks are either nearing or in the overbought region, with IT, Auto and Banks being the top 3 sectors by weightage in Nifty that are overbought. However, overbought signals seldom signal a reversal in a trending market, as much as they do in a sideways market. Further, despite Friday’s sharp fall in Nifty, the broader market has not been troubled as much, with only 38% of NSE500 stocks slipping below Thursday’s low, suggesting that a sell-off may be ruled out.
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Citi on LTIMindtree: Maintain Sell; Stock is up 20%+ since 4Q earnings despite a weak 4Q & soft 1Q guidance
Citi on LTIMindtree: Maintain Sell; Stock is up 20%+ since 4Q earnings despite a weak 4Q & soft 1Q guidance
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June net numbers were a tad higher than May. Some profit booking at higher levels to maintain asset allocation is not ruled out but investors continue to keep investing through SIPs and STPs. Disciplined asset allocation is the mantra for long term wealth creation.
June net numbers were a tad higher than May. Some profit booking at higher levels to maintain asset allocation is not ruled out but investors continue to keep investing through SIPs and STPs. Disciplined asset allocation is the mantra for long term wealth creation.
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