Nifty 50, Other Scripts in News | Share Market News: HCLTech, DMart, Ola Electric, ICICI Pru, other stocks to follow today
Domestic equity shares ended a volatile session with minor losses on Friday as selling pressure in financial and energy stocks outpaced buying interest in IT counters. The Sensex lost 241.3 points, or 0.3 percent, to end at 77,378.9 and the Nifty50 shed 95 points, or 0.4 percent, to settle at 23,431.5.
Investors are expecting more corporate profits from India Inc to get domestic signals.
Here are a few things to focus on during Monday’s session on Dalal Street:
Q3 Results
HCTech, Angel One and Anand Rathi Wealth are expected to report their financial results on Monday.
Anand Rathi Wealth
The company’s board is expected to meet on Monday to consider the bonus.
NCL Industries
The company reported a 12 percent decline in its cement production to 6.61 lakh tonnes in Q3.
Ugro Capital
The company registered a 32.1 percent rise in its assets under management to Rs 11,050 crore in the December quarter.
Its turnover grew 2.8 times to Rs 500 crore.
ICICI Prudential Life Insurance
The private sector insurance company reported a 15.6 percent increase in its annual premium equity (APE) to Rs 866 crore in the December quarter.
APE is a measure of new business sales growth.
DMart
Avenue Supermarts (DMart) reported worse than expected financial results for the December quarter.
Its net profit for the quarter fell to Rs 724 crore, from Rs 691 crore a year ago, while its margin fell 60 bps to 7.6 percent.
According to Zee Business research, DMart is estimated to register a quarterly profit of Rs 832 crore while maintaining a margin of 8.2 percent.
PCBL
PCBL posted a 37 percent drop in its net profit to Rs 93 crore in the December quarter.
The company’s gross margin fell by 100 bps to 16%.
Ola Electric Mobility
The company received a notice from the CCPA seeking information related to 10,000 consumer complaints.
Signatureglobal (India)
The company has purchased 16.12 acres of land in Gurugram, Haryana.
Power of Waaree
The company has signed a share purchase agreement with Enel Green Power Development, where it will buy 100% stake in Enel Green Power India for Rs 792 crore.
The work is scheduled to be completed in three months.
Interarch Building Products
Interarch Building Products has bagged two orders worth Rs 221 crore from Tata Projects.
They don’t accompany Kubota
Escorts Kubota is in the process of launching a new range of products, called Promaxx (under Farmtrac), in the agricultural machinery segment.
Poly Medicure
Poly Medicure has signed a partnership agreement with AMPIN C&I Power for a solar power project in Haryana.
Patanjali Foods
The company has settled the GST demand notice received on April 19 last year, reducing the demand amounting to Rs 27.46 crore to Rs 44.82 lakh including interest and penalty.
NLC India
The company’s subsidiary has signed a partnership agreement with Assam Power Distribution.
HEG
HEG has signed a non-binding memorandum of understanding (MoU) with Ceylon Graphene Technologies.
ICICI Lombard General Insurance
The private sector insurance company received an income tax rebate of Rs 174.61 crore.
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