Stocks in focus today: The market remained in control of the bears for the fourth consecutive session nifty 50 US inflation jumped to a 41-year high of 9.1 per cent in June to close below the 20-day exponential moving average (15,950) on July 14, following weakness in global counterparts. Technology, select banking and financial services and FMCG stocks weighed in on the market. BSE Sensex 98 points down to 53,416, while Nifty 50 fell 28 points to 15,939.
result today
Jindal Steel & Power, Federal Bank, Aditya Birla Money, Deep Diamond India, Den Networks, Integrated Capital Services, Just Dial, Kesoram Industries, Lloyds Metals & Energy, L&T technology Services, Oberoi Realty and Opto Circuits (India) will be the focus ahead of the quarterly earnings on July 15.
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angel one
The stock broking company reported a healthy growth of 46.5 per cent year-on-year in consolidated profit at Rs 181.50 crore for the quarter ended June 2022, supported by a strong topline. Revenue grew 45 per cent year-on-year to Rs 669.8 crore, with decent growth in fees and commission income, and interest income.
Adani Ports
According to a statement released on social media by Gautam Adani, Adani Ports on July 14 won the tender for the privatization of Israel’s Haifa Port, a major trade hub on the country’s Mediterranean coast. “Delighted to win the tender for the privatization of Haifa port in Israel along with our partner Gadot. Of immense strategic and historical importance to both countries (sic),” tweeted Gautam Adani, Chairman of the Adani Group.
Syngene International
The company has signed a 10-year biologics manufacturing agreement with leading animal health company, Zoetis. This will form the drug substance for the monoclonal antibody Librella (bedinvetamab), used to treat osteoarthritis in dogs. Syngene’s collaboration with Zoetis began in 2011.
Tata Alexi
The company reported a strong year-on-year growth of 63 per cent in profit at Rs 184.7 crore for the quarter ended June 2022 on strong operating profit and topline growth. Revenue from operations at Rs 725.9 crore grew 30 per cent and EBITDA grew 58.8 per cent year-on-year to Rs 238.2 crore in Q1FY23.
acc
The cement company reported a 60 per cent decline in consolidated profit at Rs 227 crore for the quarter ended June 2022, hit by the effects of rising global fuel costs and related inflation. EBITDA fell 51 per cent YoY in Q2CY22 to Rs 426 crore and margin declined 1,310 bps to 9.7 per cent. Cement sales rose 10.5 per cent to 7.56 million tonnes and ready mix concrete sales volume grew 43.1 per cent at 0.83 million cubic meters with revenue up 15 per cent to Rs 4,393 crore.
Cipla
Subsidiary Cipla Health has signed definitive agreements to acquire Endura Mass, a nutritional supplement brand in the weight gain category, from Medinabelle Herbalcare Pvt Ltd. Endura and all other associated trademarks will be part of the acquisition.
GTPL Hathway
The company reported a decline of nearly 9 per cent in consolidated profit to Rs 43.25 crore for the quarter ended June 2022, but revenue grew nearly 5 per cent to Rs 630.9 crore in the same period, with subscription revenue up 3 per cent at Rs 272.7 crore. crore has become Rs. And broadband revenue grew 24 per cent year-on-year to Rs 113.9 crore.
Tata Steel Long Products
The company reported a loss of Rs 331 crore for the quarter ended June 2022, as against a profit of Rs 331.6 crore a year ago, which was hit by losses at the operating level due to higher cost of raw materials and finance cost. However, revenue grew 18.2 per cent year-on-year to Rs 1,994 crore in the first quarter of FY23.
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