M&M, Nykaa, Titan & Other Stocks In News Today
Stocks in News
Titan Company, Mahindra & Mahindra, FSN e-Commerce Ventures, One97 Communications ,Alkem Laboratories, Petronet LNG, NMDC, Aditya Birla Fashion and Retail, Motherson Sumi Wiring India are among companies that will announce their results today.
Adani Enterprises:The Adani Group's flagship firm reported a 76.48 percent rise in consolidated profit at Rs.468.74 crore for the first quarter ended June on the back of higher revenue from operations.
Axis Bank:The private lender will wind up its UK subsidiary following termination of an agreement to sell 100 percent of the stake to OpenPayd Holdings. In March 2021, Axis Bank had informed the exchanges about entering into a share purchase agreement with OpenPayd Holdings for sale of 100 percent stake in Axis Bank UK.
Asian stocks traded higher Friday following tech gains on Wall Street while more businesses reported that higher raw material prices were weighing on profits
Lupin:The drug maker reported a consolidated net loss of Rs.89 crore for the first quarter ended June on account of a dip in US sales. The Mumbai-based drug maker had posted a net profit of Rs.542 crore in the April-June quarter of last fiscal.
Macrotech Developers:Ivanhoe Op India, the real estate arm of Canadian Pension Fund offloaded Rs.70.29 lakh shares or 1.5 percent stake of realty major at an average price of Rs.1,047.21 apeice and Rs.1,048 for Rs.736.28 crore through open market transactions.
Hindustan Construction Company:The engineering and construction firm reported a consolidated net loss of Rs.280.67 crore for the quarter ended June 2022.
JSW Steel: The Union government may reduce or eliminate the export duty on steel products amid falling prices and rising domestic supplyafter a similar decline prompted a duty cut on petro products.
Tata Steel:The government is considering reducing or eliminating the export duty on steel products. This is due to the falling prices and rising domestic supply.
LIC Housing Finance: Mortgage financier LIC Housing Finance (LICHFL) reported a multifold rise in its profit after tax at â¹925.48 crore for the quarter ended June 30 on lower provisioning and higher loan growth. The company had reported a profit after tax of â¹153.44 crore in the same quarter of the previous fiscal.