Indian stock markets are likely to open in the green as Asian stocks showed positive momentum in the early hours of Wednesday. According to the report of cnbctv18.com, Nifty futures was trading 43.50 points or 0.28 per cent higher at 15,831.00 level on the Singapore Exchange.
Top stocks to watch for the day:
Cipla: The pharma company said it is supporting Moderna Inc with regulatory approval and import of vaccines to be donated to India. However, there is no definite agreement on commercial supply at this stage.
Tata Coffee: Indian independent credit rating agency ICRA has upgraded its long term rating from AA/stable to AA+/stable and reaffirmed short term rating to A1+.
Bharat Electronics: The state-owned aerospace and defense company has entered into an agreement with the Indian Navy to develop emerging technologies related to artificial intelligence, quantum computing and robotics.
Reliance Industries: The company has signed an agreement with Abu Dhabi National Oil Company (ADNOC) to set up a new petrochemical complex at TA’ZIZ Industrial Chemicals Zone, Ruwais, Abu Dhabi.
Indiabulls Housing Finance: The company has approved a proposal to raise over Rs 7,000 crore through various channels. This includes USD 275 million (approximately Rs 2,043.43 crore) by issuance of equity shares and other instruments.
Pharma Stock: Pharma majors including Cipla, Dr Reddy’s Laboratories, Sun Pharmaceutical Industries and Torrent Pharmaceuticals to jointly conduct clinical trials of Molnupiravir, an investigational oral anti-viral drug for the treatment of mild COVID-19 in an outpatient setting in India Sponsored, supervised and supervised.
IndusInd Bank: The bank has sold more than 7 million shares of tea maker McLeod Russell India on June 28.
AstraZeneca Pharma India: The pharma major has filed a petition in the Delhi High Court challenging the notice of the National Pharmaceutical Pricing Authority (NPPA) for payment of Rs 157 crore, alleging overprice of Tagiso 80 mg tablet by the company has gone.
IRCTC: Company’s Q4FY21 net profit fell 23 per cent to Rs 103.78 crore from Rs 135.14 crore, revenue fell to Rs 358.25 crore from Rs 595.70 crore. Yo.
Sterling & Wilson Solar: The company reported a consolidated net loss of Rs 344.80 crore as against a net profit of Rs 128.59 crore in the year-ago quarter. Total income also declined to Rs 1,416.33 crore from Rs 2,120.50 crore.
Uflex: The company reported a consolidated net profit of Rs 264.95 crore in Q4FY21 as against Rs 100.90 crore in the same period last year. Revenue grew 45.05 per cent to Rs 2,571.77 crore from Rs 1,773 crore.
GOCL Corporation: The company’s Q4FY21 consolidated net profit increased from Rs 13.81 crore to Rs 27.48 crore, while revenue stood at Rs 150 crore as against Rs 151 crore.
Ruchi Soya Industries: The company reported a net profit of Rs 314.33 crore in Q4FY21 as against a net loss of Rs 41.24 crore in the previous fiscal. Total revenue grew 8 per cent to Rs 4,859.5 crore from Rs 3,209.02 crore.
Earnings: Dish TV India, Emami Realty, Ircon International, MEP Infrastructure Developers, SpiceJet, Simplex Infrastructure, Sadbhav Engineering, Shrey Infrastructure Finance, VIP Clothing and Vodafone Idea among others will announce their quarterly results on June 30.
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