The Indian market is likely to open flat on Tuesday, August 03 amid mixed global cues. At 7:15 am, SGX Nifty was trading 13.50 points or 0.08 per cent lower at 15,900.50, indicating a flat start for the broader index in the country, reported CNCBCTV18.com.
Adani Enterprises: The company has filed its draft red herring prospectus for Rs. 4,500 crore IPO with Securities and Exchange Board of India (SEBI).
Tata Motors: The automaker has increased the prices of its passenger vehicles and the revised rates will be applicable from August 03. The prices have increased by 0.8 percent depending on the variant and model.
Punjab National Bank: The state-owned bank’s Q1FY22 net profit rose to Rs 1,023.5 crore from Rs 308.5 crore. With this, net interest income grew 6.6 per cent year-on-year to Rs 7,226 crore from Rs 6,781.5 crore.
Tejas Networks: Pantone Finvest, the arm of Tata Sons, took 8 per cent stake in the company for over Rs 193 crore. The transaction was done through an open market. Cascade Capital Management Mauritius has also sold 15.49 per cent stake in Tejas Networks.
CG Power & Industrial Solutions: The multinational company reported a consolidated net profit of Rs 48 crore in Q1FY22. This came against a net loss of Rs 262.88 crore annually. The total income of the company increased from Rs 434.84 crore to Rs 1,062.24 crore.
Mangalore Chemicals & Fertilizers: The largest manufacturers of chemical fertilizers in the state of Karnataka posted that their Q1FY22 net profit increased from Rs 11.01 crore to Rs 24.32 crore. Revenue also increased by 29.70 per cent to Rs 687.19 crore from Rs 529.79 crore.
Balaji Amines: The company’s standalone net profit grew 136.10 per cent while the company reported a consolidated profit of Rs 97.39 crore in Q1FY22. In Q1FY21, Balaji Amines posted a consolidated profit of Rs 31.58 crore. The company’s revenue increased from Rs 222.91 crore to Rs 450.68 crore.
Ajmera Realty & Infra: The company’s total income increased to Rs 135.27 crore from Rs 40.16 crore year-on-year. It reported a five-fold jump in consolidated net profit at Rs 10.26 crore in Q1FY22, YoY.
VA Tech WABAG: With presence across 4 continents and headquartered in Chennai, VA Tech WABAG has received an engineering and procurement order valued at $165 million (Rs 1,230 crore). The customer is Russia-based Amur Gas Chemical Complex LLC.
RBL Bank: The private sector bank reported a net loss of Rs 459 crore in Q1FY22 as against a profit of Rs 141 crore annually. Net interest income declined 7 per cent to Rs 970 crore from Rs 1,041 crore.
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