Here are stocks that are in the news today:
Results on July 18: ACC, Cyient, GKW, Sanco Industries, DB Corp, Uttam Galva Steels, Larsen & Toubro Infotech, Hatsun Agro Product, Sterlite Technologies, 8K Miles Software Services, Rallis India, Colgate Palmolive (India), Sasken Technologies, Trident, Pioneer Distilleries, InfoBeans Technologies.
Wipro Q1: IT services rupee revenue down 1.6 percent to Rs 14,351.4 crore. Dollar revenue de grew 1.3 percent to $2,038.8 million QoQ.
The company expects Q2 IT services dollar revenue in the range of $2,039-2,080 million, a growth of 0-2 percent over Q4FY19.
Yes Bank Q1: Profit falls 91 percent to Rs 113.8 crore, net interest income grows 2.8 percent to Rs 2,281 crore YoY; net NPA increases to 2.91 percent versus 1.86 percent and gross NPA rises to 5.01 percent versus 3.22 percent QoQ.
Mindtree Q1: Profit plunges 53.3 percent to Rs 92.7 crore, rupee revenue slips 0.3 percent to Rs 1,834.2 crore, dollar revenue grows 0.8 percent to $264.2 million QoQ.
Mindtree: Company appointed Anilkumar Manibhai Naik as the Non-Executive Chairman.
Punjab & Sind Bank: Fraud of Rs 238 crore by Bhushan Power is being reported to RBI.
NMDC: Karnataka High Court allows plea for Donimalai mining operations and set aside order on Donimalai royalty pay to Karnataka.
Axis Bank: Sanjiv Misra has ceased to be the non-executive (part-time}, chairman. Rakesh Makhija to assume charge as non-executive (part-time) chairman.
Suzlon Energy: Company is working on a holistic solution for an outstanding debt. Continues to be in discussion with stakeholders w.r.t debt including bonds.
Firstsource Solutions: Vipul Khanna to be MD, CEO.
JSW Energy: Lien on 1.06 percent promoter stake released on July 9.
Oil India: Company emerged as the biggest winner of oil & gas blocks under Open Acreage Licensing Policy (OALP) rounds II & III by winning 12 blocks out of 32 blocks for which bids were submitted by leading Operators.
Mcleod Russel: 20,44,670 shares of the company held by Williamson Financial Services have been invoked by Vistra ITCL (India) [Trustee for the joint lenders namely – IL&FS Financial Services, IL&FS Infrastructure Debt Fund, Aditya Birla Finance] on July 8.
Newgen Software Technologies: Company secured the patent for automated quality and usability assessment of scanned documents.
S Chand and Company: CARE reaffirmed its rating on long term bank facilities at A with a stable outlook.
DFM Foods Q1: Profit jumps to Rs 7.63 crore versus Rs 5.01 crore; revenue rises to Rs 127.72 crore versus Rs 98.69 crore YoY.
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Source- Money Control