At 08:43 am, Nifty futures on the Singapore Exchange (SGX) had been purchasing and promoting 52 problems or 0.47 in step with cent higher at 11,222, indicating a positive get began for the Indian market on Monday.
Here’s a listing of stocks that may keep in focus today.
HDFC Bank: HDFC Bank chief executive and managing director Aditya Puri has purchased more than 7.4 million shares of the private lender to boost Rs 842.87 crore, in line with regulatory filings. The share sale, which used to be as soon as finished between July 21 and 23, presented down Puri’s protective in one of the vital valued Indian lender to just 0.01 in step with cent from the earlier 0.14 in step with cent.
ITC: The company on Friday reported a 25 per cent year-on-year (YoY) decline in consolidated get advantages after tax (PAT) at Rs 2,567.07 crore for the main quarter ended June 30 amid hard scenarios of the coronavirus pandemic. Its consolidated income from operations stood at Rs 10,478.46 crore in April-June 2020, down 17 in step with cent as compared to Rs 12,657.90 crore throughout the year-ago duration, it discussed.
ICICI Bank: Private sector lender ICICI Bank has posted 14 in step with cent upward push in get advantages faster than tax (PBT) at Rs 3,183 crore throughout the quarter ended June 2020 (Q1FY21) on tricky growth in internet pastime income and monetisation of stake in subsidiaries. It had posted a PBT of Rs 2,793 crore in quarter ended June 2019 (Q1FY20).
JSW Steel: Sajjan Jindal-led JSW Steel reported a consolidated loss faster than tax of Rs 643 crore throughout the June 2020 quarter, in stark difference to a get advantages faster than tax of Rs 1,770 crore throughout the June 2019 quarter, with the pandemic disrupting operations for when it comes to a month. Consolidated income for the duration slumped 41 in step with cent year-on-year to Rs 11,454 crore.
Financials: Bad loans throughout the banking tool would possibly soar to almost about 15% of normal loans via March 2021 for the reason that coronavirus crisis leads to rising levels of circle of relatives and corporate debt, the Financial Stability and Development Council discussed in a record printed on Friday.
Cipla: Cipla Ltd has gained Indian regulatory approval to advertise anti-viral drug favipiravir to treat Covid-19, the drugmaker discussed on Friday, as coronavirus infections on the planet’s third worst-hit nation show no sign of abating.
Earnings today: Besides Tech Mahindra, other companies which can be scheduled to announce their June quarter results include Escorts, Bharti Infratel, Marico, Pfizer, and United Spirits, among others.
Asian Paints: Asian Paints on Friday reported 67.32 in step with cent decline in consolidated internet get advantages to Rs 219.61 crore for the main quarter ended June 30, as a result of whole washout of business in April.
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