The trend in SGX Nifty50 futures, which were up 0.1 percent at 18,236 as of 7:11 a.m., suggests that Indian benchmark indices will open slightly higher.
Marico, Tata Power, Adani Green Energy, Laurus Labs, SBI Cards and Payment Services, UCO Bank, and Westlife Development | Bajaj Finserv, NTPC, DLF, Gujarat Gas, InterGlobe Aviation, RBL Bank, Marico, Tata Power, Adani Green Energy, Laurus Labs, SBI Cards and Payment Services, UCO Bank, and Westlife Development | today, these companies will report their quarterly earnings.
Nykaa | The company’s initial public offering (IPO) is scheduled to begin today, with a price range of Rs 1,085 to Rs 1,125 per share. Before its IPO, the company raised Rs 2,396 crore from 174 anchor investors.
ITC – International Telecommunications Commission, even though the company’s net profit for the second quarter was lower than predicted at Rs 3,697.2 crore, Rs 13,553.5 crore exceeded expectations. In addition, the company’s 9 percent increase in cigarette volume was in line with expectations.
Punjab National Bank | The institution posted a net profit of Rs 1,105.2 crore in the second quarter, well below estimates, while net interest income of Rs 6,352.8 crore was also well below projections.
Adani Ports and Adani Special Economic Zone | Adani Ports and Adani Special Economic Zone The business’s Risk Management Committee has agreed to work on a plan to exit its investment in Myanmar, including looking into divestment options to the company. As a result, the company’s earnings and revenue for the second quarter were significantly lower than expected, at Rs 951.7 crore and Rs 3532.4 crore, respectively.
Axis Bank | Axis Bank’s current ED-Wholesale Banking has been promoted to ‘Deputy Managing Director.’ However, the appointment is still pending confirmation from the Reserve Bank of India and the bank’s shareholders.
Breweries in the United States | The company’s Q2 profit was Rs 80.6 crore, a little lower than expected, and sales were Rs 1,426.2 crore, slightly more than expected.
Dalmia Bharat | The company’s Q2 earnings came in at Rs 209 crore, exceeding expectations, while revenue came in at Rs 2,577 crore, missing estimates by a bit of margin.
Bajaj Automobiles | For the second quarter, both earnings and revenue exceeded Wall Street expectations. The company had a profit of Rs 1,274.5 crore on revenue of Rs 8,762.2 crore.
Larsen & Toubro is a multinational engineering and construction company based in India. L&T’s profit was better than projected at Rs 2,134 crore, despite the company’s Q2 revenue falling short of estimates at Rs 34,772.9 crore.
IndusInd Bank is a bank based in India. The lender’s second-quarter net profit was higher than expected at Rs 1,146.7 crore, but net interest income fell short of Street forecasts at Rs 3,658.4 crore.
Titan Corporation | The jeweler company’s profit for the second quarter was Rs 641 crore, up from Rs 199 crore a year before. Its sales also increased dramatically year over year, reaching Rs 7,170 crore.