Schaeffler India Q1 | Loss at Rs 42.5 crore versus profit of Rs 82.5 crore, revenue at Rs 438.9 crore versus Rs 1,116.7 crore YoY.

Ambuja Cements Q2 | Profit at Rs 453.4 crore versus Rs 412.1 crore, revenue at Rs 2,176.8 crore versus Rs 2,983.6 crore YoY.

Chennai Petroleum Corporation Q1 | Profit at Rs 269.9 crore versus loss of Rs 229 crore, revenue at Rs 2,903 crore versus Rs 10,146.8 crore YoY.

JSW Steel Q1 | loss at Rs 582 crore versus profit of Rs 1,008 crore, revenue at Rs 11,782 crore versus Rs 19,812 crore YoY.

Reliance Industries | Jio added 15.7 lakh users in April versus 46.9 lakh users in March.

ICICI Bank | Bank reported Q1 FY21 profit at Rs 2,599.1 crore, a growth of 36.2 percent year-on-year backed by some stake sale in general and life insurance subsidiaries. But the additional COVID-19 related provisions of Rs 5,550 crore limited the profit growth. Net interest income during the quarter increased by 20 percent to Rs 9,280 crore compared to the corresponding period of the previous fiscal, with loan growth of 7 percent and strong deposits growth of 21 percent YoY.

Bharti Airtel | Company lost 52.7 lakh users in April versus 12.6 lakh lost in March.

Vodafone Idea | Company lost 45.2 lakh users in April versus 63.5 lakh lost in March.

Cipla | Company received DCGI approval to launch Favipiravir in India for COVID-19.

Khadim India | ICRA downgraded its long term rating with respect to overall bank borrowings of the company to BBB from BBB+ while keeping outlook unchanged at Negative.

Usha Martin | India Ratings upgraded company’s long-term issuer rating from ‘BBB+’ to ‘A-‘ and short-term credit facilities from ‘A2+’ to ‘A1’.

ITC Q1 | Profit at Rs 2,342.8 crore versus Rs 3,173.94 crore, revenue at Rs 9,501.75 crore versus Rs 11,502.82 crore YoY.

Coromandel International Q1 | Profit at Rs 250.57 crore versus Rs 62.43 crore, revenue at Rs 3,213.23 crore versus Rs 2,130.74 crore YoY.

Parag Milk Foods | Goldman Sachs International Equity Fund sold 11,50,770 shares in company at Rs 85.1 per share. Also, Blue Daimond Properties increased stake in the company to 9.63% from 8.98% through open market purchases on July 24.

Sintex Plastics Technology Q4 | Loss at Rs 963.15 crore versus loss at Rs 9.59 crore, revenue at Rs 201.92 crore versus Rs 478.33 crore YoY.

BHEL | CRISIL reaffirmed rating on long-term bank facilities of the company at AA while revising the outlook to Negative from Stable.

Texmaco Rail | CARE downgraded rating on long term bank facilities to A- from A+ while keeping outlook stable.

Kaveri Seed Company | Pabrai Investment Fund II LP & Others cut stake in the company to 7.24 percent from 9.48 percent earlier.

Escorts | Rakesh Jhunjhunwala, Rekha Jhunjhunwala and Rare Equity Pvt Ltd sold 2 lakh shares of Escorts and reduced stake to 6.82 percent on July 22 from 6.97 percent earlier.

Cyient | FIL Investment Management (Hong Kong) increased stake to 5.02 percent from 4.97 percent earlier.

Goa Carbon | Temporary shut-down of operations at the company’s Bilaspur unit for maintenance work from July 24.

Unichem Labs | Company gets US FDA nod for Amiodarone Hydrochloride tablet used to treat, prevent irregular heartbeats.

HDFC Bank: Aditya Puri sold 74.2 lakh shares at a price of Rs 1,135.94 per share. Puri has sold 7.42 million shares or 0.13 percent stake, the bank said. Post this transaction, Puri holds 3.76 lakh shares of the bank or 0.01 percent.

Aarti Drugs | Company reported net profit at Rs 85.4 crore against Rs 22.4 crore YoY. Revenue went up 34.5 percent at Rs 544.7 crore against Rs 405.4 crore YoY. EBITDA stood at Rs 134.1 crore against Rs 54.6 crore YoY. EBITDA margin was reported at 24.6 percent against 13.5 percent YoY.

PTC India Financial | Company to get tax refund of Rs 134 crore from tax department for AY19-20.

Get The Latest Stock Updates, Equity Tips, Share Market Tips, Stock Market Tips, Intraday Tips  @ Investelite Research.

Leave a Reply