Stocks to watch May 26: The Nifty futures contract traded on the Singapore Exchange signifies a detrimental begin to home equities. The contract was buying and selling at 18,415.50, down 51 factors or 0.28% from the earlier shut.
Earnings Watch: Archean Chemical, Astra Microwave Products, BEML, BHEL, Chambal Fertilizers, City Union Bank, Easy Trip Planners, Edelweiss Financial Services, Engineers India, Finolex Cables, Gateway Distriparks, Grasim, GVK Power, Hinduja Global Solutions, Imagicaa World, Indigo Paints, Inox Wind, Ion Exchange, Jain Irrigation, Karnataka Bank, Lokesh Machines, Mahindra & Mahindra (M&M), Maharashtra Seamless, Mirc Electronics, MOIL, Samvardhana Motherson, Naukri, NCC, Nucleus Software, ONGC, Purvankara, Shree Renuka Sugars, Sundaram Brakes , Sun Pharma, Sunteck Realty, TCPL Packaging, Tide Water Oil, VIP Clothing and Wockhardt are few of the outstanding corporations scheduled to announce March quarter earnings in the present day on Friday.
Telecom operator Vodafone Idea noticed its web loss for the January-March quarter narrowing to Rs 6,419 crore from Rs 7,990 crore within the previous quarter, owing to fall in community bills, finance price, depreciation, amongst others. The firm misplaced 2.7 million cellular subscribers within the quarter, taking its subscriber base to 225.9 million on the finish of March.
The metal main’s consolidated web revenue plunged 53.2 per cent to Rs 1,159.21 crore for the quarter ended March 2023 as in contrast with Rs 2,478.82 crore within the corresponding quarter a 12 months in the past. Total revenue too was down 5.6 per cent YoY at Rs 29,416.39 crore.
Zee Entertainment Enterprises posted a consolidated web lack of Rs 196 crore for the quarter ended March 31, 2023, on the again of an promoting slowdown, lacking Street estimates by a large margin.
Billionaire Anil Agarwal’s Vedanta has pledged its complete 64.9 per cent stake in Hindustan Zinc to elevate funds. Vedanta Resources, the London-based mum or dad agency of Vedanta, has over the previous month repaid all loans and bonds due in April this 12 months, helped by a hefty dividend from the Indian subsidiary.ONGC
Oil main ONGC is about to announce its outcomes on 26 May. Experts predicted that the oil and fuel explorer might publish a decline in earnings on the again of windfall taxes.
Sun Pharmaceuticals will report its March quarter earnings outcomes in the present day. Analysts count on the pharma large to report a constructive set of numbers on the again of sturdy home gross sales.
Reliance Consumer Products, the FMCG arm and a wholly-owned subsidiary of Reliance Retail Ventures, accomplished the acquisition of 51% controlling stake in Lotus Chocolate Company for an combination consideration of Rs 74 crore.
The Steel Authority of India introduced a consolidated web revenue at Rs 1,159.21 crore for the January-March quarter, down 53.24% on-year. Additionally, the board of administrators beneficial a dividend of Rs 0.5 for fairness shares with the face worth of Rs 10.
The lender, after divesting 2.15% of its stake in Siti Networks on 3 May, additional offered 1,86,38,101 shares representing 2.14% of the paid-up share capital of Siti on Thursday,
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