NSE share market NEWS tomorrow (22 July, 2021). NSE stocks in NEWS (tomorrow)
NSE share market NEWS tomorrow (22 July, 2021). NSE stocks in NEWS (tomorrow) These are NSE stocks which will be in NEWS tomorrow as on 22 July 2021
Jubilant Foodworks was amongst the top gainers, currently trading at 3429.95 in NSE with 16.881 times change in volumes and 11.925% change in price. Other gainers included Macrotech Developers with 7.949% price change and 1.815 times volumes, Jsw Energy with 7.79% price change and 1.354 times volumes, Max Healthcare with 7.728% price change and 3.776 times volumes, and Manappuram Finance with 7.438% price change and 6.459 times volumes. These stocks are expected to continue this move in coming days also. You can take a position in these stocks tomorrow and hold the position for a few days with today's opening as stoploss.
Bse was amongst the top losers, currently trading at 1245.50 in NSE with 0.299 times change in volumes and -6.55% change in price. Other losers included Polycab India with -3.951% price change and 2.368 times volumes, Syngene Internatio with -3.646% price change and 0.795 times volumes, Pi Industries with -2.791% price change and 0.531 times volumes, and Varun Beverages with -2.454% price change and 2.328 times volumes. These stocks are expected to continue this move in coming days also. You can take a position in these stocks tomorrow and hold the position for a few days with today's opening as stoploss.
Other stocks which made news headlines today and can be traded tomorrow are below.
Ayurveda platform NirogStreet raises .5 mn in Series A funding. Ayurveda doctor platform, NirogStreet said it has raised .5 million in Series A funding from investors such as Gokul Rajaram, Pureland Venture, and Wavemaker Partners among others.
HeidelbergCement India Q1 net profit up 40.3% to Rs 68.65 cr. HeidelbergCement India Ltd on Thursday reported a 40.27 per cent increase in its net profit at Rs 68.65 crore for the first quarter ended in June 2021. The company had reported a net profit of Rs 48.94 crore in the April-June quarter of the last fiscal, He
Gland Pharma shares rally over 9%; at 52-week high after Q1 earnings. Shares of Gland Pharma on Thursday jumped over 9 per cent after the company reported an 11.83 per cent increase in its consolidated net profit for the quarter ended June 30, 2021.
South Indian Bank Q1 net profit plunges 87% to Rs 10.31 cr, NPAs rise. South Indian Bank (SIB) on Thursday reported an 87.4 per cent year-on-year decline in net profit to Rs 10.31 crore for the June quarter as interest income fell while proportion of bad assets soared.
Biz2X launches API-based loan management system to speed up loan cycle. The solution minimises human error, offers customer detailed portfolio on a single click and helps him achieve cost savings
ICICI Pru MF reverses some NFO applications over gaps in investor consent. Fund house says transactions reversed without any loss to customers
Bajaj Auto floats subsidiary for e-mobility; net profit slips 20%. Covid-induced lockdown dents volumes, erodes margins
Glenmark Life Sciences to invest Rs 600 cr to double capacity in four years. Glenmark Life Sciences is the arm of drug major Glenmark Pharmaceuticals.
ICICI Lombard first quarter net slumps 62% to Rs 152 cr on Covid impact. Gross direct premium income grew to Rs 3,733 crore in the reporting period, up 13 per cent over Rs 3,302 crore a year ago, which ICICI Lombard said was in line with the industry growth level.
DoT awaiting investors detail from Voda Idea for Rs 15k-cr FDI application. The Department of Telecom is awaiting the details of investors from Vodafone Idea for clearing the telco's Rs 15,000 crore foreign direct investment proposal, an official source said on Thursday.
Blackstone doubles second quarter earnings on surging asset sales. Blackstone's shares rose 4.5% on Thursday morning, pushing its market capitalization to a record high of 1 billion, overtaking Goldman Sachs Group Inc, another Wall Street heavyweight
Bharti Airtel tariffs hiked, family postpaid plan spiked for new customers. Postpaid business contributes 25 per cent to the company's overall business, of which a lion's share comes from corporate plans.
Fairfax-backed CSB Bank Q1 net profit jumps 14% to Rs 61 crore. Sequentially, too, the Kerala-based bank reported improved numbers, posting a rise of 42 per cent.
Covid-19 impact: ICICI Lombard net profit falls 62% in April-June quarter. In the April-June quarter, the insurer posted an underwriting loss of Rs 508.16 crore against an underwriting profit of Rs 38.16 crore in the year-ago period.
Bajaj Auto's net profit doubles in Q1 to Rs 1,061 cr; forays into EV space. The wholly owned subsidiary will leverage the growth opportunities in the evolving mobility space and will help the Company venture into the manufacturing of Electric and Hybrid vehicles
India's smartphone mkt fell 13% sequentially in Q2 amid 2nd wave: Canalys. Smartphone shipments in India fell 13 per cent to 32.4 million units in the April-June 2021 period over the previous quarter as the second wave of Covid-19 stifled demand
Airline losses to widen in Q1 over falling traffic, fuel price hike. While losses are expected to widen on a sequential basis, these would be lower on a year-on-year basis as air travel was suspended for two months till May 24, 2020
EY accused of concealing US health firm's audit fraud from investors. Indian entrepreneur files lawsuit, naming accounting giant as a co-conspirator in the fraud alongside former executives.
Trucking startup BlackBuck's valuation crosses bn, joins unicorn club. BlackBuck, which digitises fleet operations for the truckers, will use these funds to further penetrate the market and launch new service offerings for its customer base
Tata gets bullish on e-commerce just as rules threaten to transform market. Tata Group is taking a more vocal interest in rules shaping online marketplaces, hinting at ambitions as it reappraises its retail strategy just as e-commerce reform threatens to muddy plans
CCI accuses Amazon of concealing facts in deal for Future Group unit. In the letter dated June 4, CCI said Amazon hid factual aspects of the transaction by not revealing its strategic interest in Future Retail when it sought approval for the 2019 deal
HUL Q1 net profit rises 10% YoY to Rs 2,061 crore, revenue jumps 13%. Earnings before interest, tax, depreciation and amortisation grew 8 per cent YoY to Rs 2,847 crore as against Rs 2,644 crore
Prices of oral diabetes drugs set to fall as patents near expiry date. The diabetes segment has been growing faster than the country's overall drug market
Stressed steel plants acquired via IBC seeing faster turnaround: CRISIL. The steel plants acquired via IBC process include Bhushan Steel, Essar Steel, Electrosteel Steels, Monnet Ispat & Energy Ltd and Bhushan Power & Steel
Paytm's gross merchant volume growing at over 100% in a year: DRHP. In Q1FY22, Paytm's GMV hit Rs 1,46,900 crore, from Rs 69,700 crore in the same period last year
PAG to invest Rs 1,054 cr for majority stake in contract manufacturing firm. Vishal Shah will retain a significant minority stake in Acme and continue as managing director and CEO.
Sterlite Tech to acquire UK-based network integration firm Clearcomm Group. Broadband technology company Sterlite Technologies on Thursday said it will acquire Clearcomm Group, a leading Network Integration company in UK, to further globalise its system integration business
Financial bids for Air India likely to be received by Sep 15: Minister. Financial bids for Air India are likely to be received from qualified interested bidders by September 15 this year, Minister of State for Civil Aviation V K Singh said on Thursday
Bharti Airtel rolls out new postpaid plans, offers competitive data packs. Company says customers can bundle add-on connections with enhanced data benefits to their existing plans
Bank of Maharashtra Q1 net doubles to Rs 208 cr, major improvement in NPAs. NII up 29% in Q1FY22 to Rs 1,406; NIM rises to 3.05% from 2.43% a year ago
PAG inks pact to acquire controlling stake in Acme for 5 mn. Asia-focused private equity firm PAG on Thursday said it has reached an agreement to acquire a controlling stake in Acme Formulation Pvt Ltd (Acme) for USD 145 million (around Rs 1,054 crore).
Saregama India Q1 net jumps 73% to Rs 27 cr on higher digital consumption. Music label Saregama India reported a 73.4 per cent jump in consolidated net profit at Rs 27.33 crore for June quarter, helped by increased consumption of content on digital media
Star Health and Allied Insurance files DRHP for IPO of fresh shares-cum-OFS. Net proceeds from fresh issue amounting to Rs 2,000 cr will be used to boost company's solvency levels and capital
Renewed restrictions to hit sales in India in Q2 this year, says Unilever. Anglo-Dutch FMCG major Unilever on Thursday said the second wave of the coronavirus pandemic and subsequent restrictions in India impacted its sales in the country.
CSB Bank's Q1 net profit increases 14% at Rs 61 cr, provisions rise. Private lender CSB Bank reported a nearly 14 per cent growth in its net profit to Rs 61 crore in April-June quarter of this fiscal compared to Rs 53.56 crore in same quarter of previous financial year
Sterlite Tech Q1 profit jumps multi-fold to Rs 116 cr as Covid curbs eased. Sterlite Technologies posted a multi-fold jump in its consolidated profit at Rs 115.75 crore in the first quarter ended June 2021, helped by business gains post easing of Covid restrictions.
Mi India logs Rs 1,000 cr in sales during 7th Mi anniversary sale. Mi India on Thursday announced that it registered sales worth Rs 1,000 crore across categories during the Mi 7th anniversary sale from July 12-July 16 in the country.
Zomato completes share allotment, stock market debut likely on Friday. Zomato's listing was initially scheduled for July 27. However, investment banks managed to complete share allotment and listing formalities ahead of deadline
Hindustan Zinc net profit rises 46% to Rs 1,983 cr in Q1 on higher volumes. Hindustan Zinc Ltd (HZL) on Thursday reported a 45.9 per cent rise in net profit to Rs 1,983 crore for the quarter ended on June 30, 2021, driven by a recovery in metal prices and higher volumes.
Amazon launches fulfilment centre programme for sellers in small town India. The Multi-Seller Flex programme would enable Amazon to offer customers a wider Prime selection and faster deliveries and create thousands of indirect jobs in tier 2 and below geographies.
UltraTech Cement Q1 profit grows two-folds to Rs 1,700 cr; net sales up 54%. Aditya Birla group firm UltraTech Cement Ltd reported over two-fold jump in its consolidated net profit to Rs 1,700 crore in first quarter, helped by volume growth, increased operational efficiencies.
Amazon Business offers deals to Indian businesses for Prime Day sale event. Aims to empower MSMEs by offering over 150 mn GST-enabled products across top categories; there are over 370,000 vendors selling to business customers on Amazon Business
Blackstone doubles second quarter earnings on surging asset sales. (Reuters) - Blackstone Group Inc, the world's largest private equity firm, said on Thursday its second quarter distributable earnings nearly doubled year on year driven by a surge in asset sales across its real estate, private equity, credit and insura
Abbott profit more than doubles as medical device sales rebound. (Reuters) -Abbott Laboratories' quarterly profit more than doubled on Thursday, due to strength in its diagnostics business and a rebound in medical device sales.
Biogen defends Alzheimer's drug approval, reports million in early sales. Biogen Inc said the approval of its Alzheimer's disease drug was based on extensive data as it seeks to quell concerns about the drug's effectiveness
IIFL Securities Q1 PAT surges 66% to Rs 69 cr; total income up 50%. IIFL Securities on Thursday reported a 66 per cent jump in profit after tax (PAT) to Rs 68.9 crore for the three months ended June 2021. In comparison, the firm had posted a PAT of Rs 41.5 crore in the same quarter of the preceding fiscal, IIFL Securities
US based Colliers appoints Ramesh Nair as CEO for India business. US-based property consultant Colliers on Wednesday announced the appointment of Ramesh Nair as the Chief Executive Officer (CEO) for India business, as part of its strategy to accelerate growth in the country. Nair, an industry veteran, will also be the Ma
Bajaj Auto Q1 preview: Robust exports, product mix to cushion margin hit. Bajaj Auto Q1 preview: Analysts at Nomura expect revenue growth of 142 per cent YoY, but down 13 per cent sequentially, at Rs 7,456.4 crore led by volume growth of 12 per cent on year.
Huge scarcity of talent globally, says HCL Technologies' Apparao. HCL Technologies plans to hire 20,000-22,000 people from campuses for FY22
ADIF aims to make Indian startup ecosystem among top 3 globally by 2030. Digital startup think tank ADIF plans to make the Indian startup ecosystem among the top three globally by 2030, with focus on boosting knowledge base, driving collaboration and finding right policy
ICICI Securities Q1 profit surges 61% to Rs 311 cr; revenue up 37%. ICICI Securities has reported a 61 per cent jump in profit after tax to Rs 311 crore in three months ended June 2021 on account of growth in revenue and improvement in margins
AAI committees find Adani group in violation of branding, logo pacts. Three committees of the Centre-run AAI in January found the Adani group to be in violation of branding norms, prescribed in the concession agreements, at airports in Ahmedabad, Mangaluru and Lucknow
Property consultant Colliers appoints Ramesh Nair as CEO for India. Nair joined Colliers from JLL India, where he held the position of CEO & country head, leading over 12,000 people
Vegan lifestyle brand Zouk raises .5mn in pre-series A led by Stellaris. Having gained 50,000-plus customers with a 4x growth in the past seven months, Zouk aims to double its consumer base every six months for the next 5 years
IBM signs 10-year partnership deal with Bangalore International Airport. To create 'Airport in a box' platform that will support transforming the end-to-end travel experience for passengers
HUL Q1 preview: Brokerages eye 7-15% YoY PAT growth; margin impact in focus. HUL is likely to report 21.3 per cent YoY revenue growth at Rs 12,807.6 in its Q1 revenue report, ICICI Direct said in a note
ESR inks MoU with TN govt to invest Rs 550 cr to build industrial parks. Industrial and logistics real estate platform ESR India said it has signed an agreement with Tamil Nadu government to develop two industrial parks with an estimated investment of Rs 550 crore
D2C personal care brand Beco raises Rs 4 cr seed led by Climate Angels Fund. With the added capital support, Beco aims to quadruple sales and encourage consumers to switch to sustainable living through their eco-friendly product range
IOC, GAIL may buy shares if open offer for Petronet, IGL gets triggered. IOC, GAIL and ONGC may buy shares of Petronet LNG and Indraprastha Gas in the eventuality of an open offer getting triggered post privatisation of Bharat Petroleum Corporation Ltd (BPCL)
Airtel, Intel announce collaboration to accelerate 5G rollout in India. Bharti Airtel is collaborating with Intel for 5G network development by leveraging vRAN/O-RAN technologies.
Bajaj Finserv Q1 consolidated net profit declines 31% to Rs 833 cr. Bajaj Finserv Ltd on Wednesday reported an over 31 per cent decline in consolidated net profit at Rs 833 crore for the first quarter ended June 2021.
Consumer durables to see sustained growth over few yrs: Whirlpool India. The consumer durables industry is expected to witness sustained growth over the next few years, according to Whirlpool of India.
Twitter's updated privacy policy to come into effect on August 19. One of the updates involves Twitter's social audio product Twitter Spaces; It is further adding details of what data it collects for its subscription service, Twitter Blue
Glenmark Life Sciences prices its IPO between Rs 695-720 per share. The company has reduced its offer size by about Rs 150 crore. Bankers to the issue said that the promoters have reduced their selling stake marginally
Zydus Cadila gets tentative approval from USFDA to market cancer drug. Drug firm Zydus Cadila on Wednesday said it has received tentative approval from the US health regulator to market Ibrutinib tablets used in the treatment of certain types of cancers.
Wholesaler METRO Cash & Carry India opens its 29th store at Visakhapatnam. METRO Cash & Carry India, the country's leading organised wholesaler, on Wednesday announced opening of a new store at Visakhapatnam, taking the total strore count to 29. The new store is the second METRO Wholesale in Andhra Pradesh after Vijaywada, which
Jubilant Foodworks back in black in Q1, posts net profit of Rs 69 cr. Jubilant Foodworks reported a consolidated net profit of Rs 69.06 crore in the first quarter ended June 30, aided by higher revenues despite the second wave of COVID-19 disrupting operations.
Byju's acquires US-based digital reading platform Epic for 0 mn. The acquisition will help Byju's expand its US footprint; firm seeks to become a natural part of America's learning culture
Gland Pharma Q1 consolidated net profit up 12% to Rs 350.7 crore. Drug firm Gland Pharma on Wednesday reported an 11.83 percent increase in its consolidated net profit to Rs 350.7 crore for the quarter ended June 30, 2021, on account of robust sales in all markets.
IIFCL aims for loan sanctions worth over Rs 23,000 crore in FY22. IIFCL is aiming at loan sanctions worth over Rs 23,000 crore and disbursements of Rs 14,000 crore in 2021-22 depending on the project pipeline available in the market.
Infosys reopens offices as India Inc eyes long road back to work. The Bengaluru-based IT services company stopped short of calling all employees back to work, reflecting wider caution across the sector
TCS renews sponsorship of New York Road Runner for eight years. To invest -40 mn annually in global running sponsorships & related community programmes
Dyson expands retail network to 12 stores; enters Hyderabad, Chandigarh. British tech firm Dyson on Wednesday announced expansion of its retail sales network by adding more demo stores and mall demo zones, taking its total count to 12 in the country.
Havells India Q1 net profit jumps about four-folds to Rs 236 crore. Consumer electrical goods maker Havells India Ltd on Wednesday reported nearly four-fold jump in its consolidated net profit at Rs 235.78 crore for the first quarter ended June 2021.
Jubilant Foodworks posts Rs 63 cr PAT in Q1 after Rs 72 cr loss a year ago. Operating revenue more than doubles to Rs 879 crore
TCS to invest -40 mn annually in global running sponsorships next 5 yrs. Tata Consultancy Services (TCS) on Wednesday said it plans to invest up to USD 40 million annually in global running sponsorships and related community programming from 2022 to 2029.
Videocon lenders to eventually take only 50-55% haircut, says former CFO. While Anil Agarwal-led Vedanta Group has picked up Videocon Industries for Rs 2,962 crore, the bids for overseas assets are yet to be decided.
Tyre major Ceat reports first quarter profit at Rs 23 crore. The spike in commodity prices has impacted gross margins
Policybazaar all set to hit the market, raise Rs 6,500 crore via IPO. The Softbank-backed insurance aggregator is also likely to consider offer for sale from some of its investors
Bharti Airtel-Intel network deal to speed up 5G service roll-out. Airtel and other telecommunications (telecom) operators are conducting 5G trials in select cities across India
Wipro sells entire shareholding in IntSights for .17 million. During 2016-19, Wipro acquired minority stake of less than 20 per cent in IntSights
Google builds on India bet, set to buy 2-year-old start-up simsim. The financial details of the deal were not disclosed. simsim was founded in June 2019.
Crisil chief Ashu Suyash to quit after 6 yrs at helm; to start new venture. Amish Mehta to take over as new CEO on October
RInfra-promoted BSES ties up 510 Mw solar and bundled hybrid power. Hybrid power is a bundled mix of solar and wind power, wherein one component is at least 33% of the contracted capacity
Rooftop solutions co MYSUN raises Rs 15cr debt funding from Tata Cleantech. The firm recently launched its solar asset vehicle MYSUN+ to develop projects under the distributed and open access models with an investment of Rs 600 cr in the first phase
Tamil Nadu receives Rs 28,508 cr investment commitments; GE to set up CoE. Tamil Nadu on Tuesday received investment commitments to the tune of Rs 28,508 crore from 49 companies across various segments that will create 83,482 jobs in the state.
Network18 Media reports first quarter net profit at Rs 121.51 crore. Media firm Network18 Media & Investments Ltd on Tuesday reported a consolidated net profit of Rs 121.51 crore for the first quarter ended June 2021. The company had posted a net loss of Rs 60.60 crore for the April-June period of the previous fiscal, Netwo
Tax reduction, cost cuts buoys India Inc net by 105% in FY21: Report. This comes even though the topline declined 5 per cent
Pandemic prompting cos to reimagine workplace, culture: HR executives. Top executives from Hindustan Unilever Ltd (HUL) and Wipro deliberated on what will be needed to build resilient workforces and workplaces in a post-pandemic environment
ICICI Prudential Life reports first quarter loss at Rs 186 crore. ICICI Prudential stock settled at Rs 604.85 on BSE, down 3.39 per cent from the previous close.
CCI approves acquisition of stake in Mukand by Bajaj Group entities. The acquisition is in addition to the around 57.7 per cent of the issued and paid-up equity share capital presently held by the Bajaj Group.
NTPC bags 325 MW solar projects at Shajapur Solar Park in Madhya Pradesh. State-owned power giant NTPC on Tuesday said it has bagged solar projects totalling 325 megawatts (MW) at Shajapur Solar Park in Madhya Pradesh.
BBNL invites global bids for Rs 19,041 crore BharatNet broadband project. Special purpose vehicle BBNL on Tuesday invited bids for Rs 19,041 crore BharatNet project to roll out high-speed broadband services in the rural areas across 16 states.
Reliance Retail Ventures buys shares worth over Rs 1,332 cr in Just Dial. Reliance Retail Ventures Ltd on Tuesday purchased shares worth over Rs 1,332 crore in Just Dial Ltd, through an open market transaction.
India's automotive electronics market to cross bn by 2027: Report. India's automotive electronics market is expected to cross billion by 2027 driven by rising income levels and increasing customer preference for in-vehicle digital experience
HealthifyMe raises mn funding from Khosla Ventures, LeapFrog. HealthifyMe said its users have lost 20 million pounds of weight, tracked over 1 billion foods and burnt over 66 billion calories working out on HealthifyMe.
ICICI Pru Life slips into red, logs Rs 186-crore loss in April-June quarter. Assets under management increased by 31.3 per cent to Rs 2.23 trillion at the end of the April-June quarter.
Vegrow raises funding to tap India's bn fruits, vegetables segment. While India's B2B agri market is attractive at 0 billion, it is also a complex maze of fragmented supply with over 120 million farmers growing across 30 states
With an eye on online shoppers. YouTube buys social commerce startup simsim. The simsim app serves as a platform to connect local businesses, influencers and customers. The company had raised million in 2020
Amazon Web Services shuts down Pegasus-owner NSO Group's infrastructure. After the massive Pegasus spyware controversy, Amazon Web Services, which is the Cloud arm of Amazon, has shut down infrastructure and accounts linked to the Israeli surveillance company NSO Group
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