The Indian markets on Friday closed positive with both benchmark indices – Sensex and Nifty50 – reporting over 0.5 per cent gains. While broader markets such as mid and small-cap shares unperformed the benchmarks down around 0.3 per cent each on Friday.
From Q1 results to the ex-date of dividend and bonus, the domestic market to witness the action in stocks like TCS, Dr Reddy’s DMart, MMTC, and Route Mobile among other counters.
Stocks in News
TCS: IT company reported its Q1 earnings for the financial year 2022-23, which is lower than Zee Business’ estimates – Revenue grew marginally by over 4 per cent, and margins slipped to over 23 per cent from 25, similarly, nearly 4.5 per cent fall in the profit.
Avenue Supermarts: Company reported better Q1 results than expected, revenue jumped six-fold, while revenue almost doubled, while margins were in double digit over 10 per cent from 4 per cent.
Kohinoor Foods: Company reported mixed results, with registering profit from loss year-on-year, revenue declined around 20 per cent, and profit came at Rs 9 crore from loss of Rs 2 crore YoY.
MMTC: The company reported profit in Q1 results as compared to loss YoY, revenue slipped by nearly 76 per cent, while profit came at Rs 118 crore from loss of Rs 597 crore YoY
5Paisa Capital and Spandana Sphoorty: Both companies to present their first quarter results on Monday July 11, 2022.
Route Mobile: The company to launch its buyback process from today.
Dr Reddy’s and Persistent System shares to trade ex-dividend today at with final dividend price of Rs 30 and Rs 11 respectively.
Bandhan Bank: Private lender reported 20 per cent growth in loans and advances in its Q1 update on weekend, CASA ratio remained same.
Marksans Pharma: Board approved Rs 60 per share buyback scheme, which is premium at 20 per cent
Bulk Deals: SBI Mutual sold around 3 lakh shares in Crompton Greaves and it bought around 0.25 per cent stake in AIA Eng Ltd