Nifty, Sensex may push higher – Thursday closing report
Moneylife Digital Team 22 July 2021
We had mentioned in Tuesday’s closing report that Nifty, Sensex may rise. The markets were closed on Wednesday. On Thursday, the indices opened higher and closed with major gains. On the NSE, there were 1,369 advances, 638 declines and 49 unchanged.
 
The trend of the major indices on Thursday’s trading are given in the table below:
 
 
Digital payments and financial services platform Paytm has filed for a Rs 16,600 crore initial public offer. 
 
IDFC has received permission from the RBI to exit as promoter of IDFC First Bank where it holds 36.56% stake.
 
DB Corp offices in several cities were undergoing search by the income tax department over alleged tax evasion.
 
UltraTech Cement reported consolidated profit of Rs 1,700.03 crore compared to Rs 793.08 crore in the year ago period. Revenue rose to Rs 11,830 crore from Rs 7,671 in the previous year.
 
Bajaj Auto reported net profit of Rs 1,061.2 crore during the quarter ended 30 June 2021 against Rs 528 crore in the year-ago period. Revenue jumped to Rs 7,386 crore from Rs 3,079.2 crore, YoY.
 
Hindustan Unilever reported net profit of at Rs 2,061 crore compared to Rs 1,881 crore in the year-ago period. Revenue went up to Rs 11,915 crore from Rs 10,560 crore in the previous year.
 
Hindustan Zinc reported 46% growth in net profit for the quarter ended 30 June 2021 at Rs 1,983 crore compared to Rs 1,359 crore in the previous year. Revenue went up 63.6% to Rs 6,378 crore from Rs 3,898 crore in the year ago period. 
 
Havells India consolidated net profit grew nearly four-fold to Rs 235.78 crore from Rs 64 crore reported in the same period last year. Revenue grew 76% to Rs 2,610 crore from Rs 1,483 crore in the previous year.
 
Gland Pharma reported consolidated profit of Rs 350.65 crore in the quarter ended 30 June 2021 compared to Rs 313.59 crore in the year-ago period. Revenue rose to Rs 1,153.9 crore from Rs 884.2 crore in the year ago period.
 
Oriental Aromatics reported net profit of Rs 22.70 crore compared to Rs 9.92 crore in the year ago period. Total income doubled to Rs 230.73 crore from Rs 113.70 crore in the previous year.
 
Jubilant FoodWorks reported net profit of Rs 63 crore for the quarter ended 30 June 2021 against a net loss of Rs 74 crore during the corresponding period in the previous financial year. Revenue more than doubled to Rs 879 crore from Rs 388 crore in the year-ago period.
 
Wockhardt reported net loss of Rs 12.7 crore in the April-June 2021 quarter against a profit of Rs 760.1 crore in the same period last year. Revenue jumped 43.7% to Rs 859.6 crore compared to Rs 598.3 crore in the year ago period.
 
The top gainers and top losers of the major indices are given in the table below:
 
 
The closing values of the major Asian indices are given in the table below:
 
 
Comments
Mark Zuckerberg selling Facebook shares nearly every business day since November 2020
IANS 22 July 2021
Facebook CEO Mark Zuckerberg is selling his stock very fast and since November 9, 2020, he has unloaded shares almost every business day which amounts to 9.4 million shares worth $2.8 billion, the media reported.
 
According...
Tube Investments: Are Investors Too Optimistic?
Moneylife Digital Team 22 July 2021
Tube Investments of India Limited (TII), a Murugappa group company, is one of India’s leading manufacturers of engineered products used by auto companies, railways, construction, mining, agriculture and others. We did an article on...
Jubilant Ingrevia: Superlative Quarter
Moneylife Digital Team 21 July 2021
Jubilant Ingrevia Ltd (JIL) has started FY21-22 on a high note. In the June quarter, JIL registered its highest-ever quarterly revenue, a jump of 55% y-o-y (year-on-year), driven by robust growth in volumes and prices. Not only did...
Resonance Specialities: Sustained Growth
Moneylife Digital Team 21 July 2021
Management change often triggers a change in shareholder value. Either it leads to wealth creation or destruction in shareholders’ wealth. A recent case in point is JB Chemicals where, after KKR acquisition, the stock has taken new...
Free Helpline
Legal Credit
Feedback