GR Infra Listing price: Stocks in the news: RIL, GR Infra, HCL Tech, Clean Science and Just Dial
HCL Tech, HDFC Life, ACC:
, HDFC Life Insurance, ACC, Nippon Life India Asset Management, Indian Bank, Alok Industries, , , Mastek, PSP Projects, GTPL Hathway and Swaraj Engines are among the company that will announce quarterly earnings today.
GR Infra, Clean Science: Udaipur based GR Infraprojects and Pune based Clean Science and Technology will make their debut on Dalal Street today. Both IPOs were open for subscription during July 7-9. Grey market is hinting towards a strong listing for both the players.
HDFC Bank: The country’s largest private sector lender reported a 14.36 per cent growth in its consolidated net profit at Rs 7,922.09 crore. The city-headquartered bank had posted a consolidated net profit of Rs 6,927.24 crore in the corresponding quarter a year ago.
Bajaj Auto: The two wheeler manufacturer said it has commenced bookings for its electric scooter Chetak in Nagpur from July 16. With the aim of providing a seamless and convenient booking experience, customers can book the vehicle exclusively online on www.chetak.com for Rs 2,000, it said.
ITC: Total foreign exchange earning of the group from exports in FY’21 rose 29.08 per cent to Rs 5,934 crore, the company’s latest annual report said. While, the foreign exchange earned by ITC Ltd was up 31.2 per cent to Rs 4,600 crore, mainly on account of exports of agri-commodities.
Reliance Industries: Billionaire Mukesh Ambani-led plans for investing Rs 75,000 crore in solar, batteries, fuel cells and hydrogen could create valuation of $36 billion (Rs 2.6 lakh crore) for the new energy business, Wall Street brokerage Bernstein Research said in a report.
Shree Cement: The western Indian foray of Shree Cement had been delayed due to COVID-19 disruptions but the company expects to commence commercial production from September, officials said.
Just Dial: Reliance Retail Ventures said it will acquire 40.95 per cent stake in Just Dial for Rs 3,497 crore, bolstering its digital play in the rapidly growing online commerce market in India.
Rossari Biotech: The speciality chemicals manufacturer announced the acquisition of Tristar Intermediates at an enterprise value of Rs 120 crore. The board of the company has approved the acquisition of Tristar Intermediates.
(Hisar): India Ratings has upgraded the credit rating of the company’s long-term bank facilities from ‘A’ to ‘A+’ and short-term facilities from ‘A1’ to ‘A1+’.
Tata Power, HPCL: The Tata group firm has joined hands with Hindustan Petroleum Corporation Ltd (HPCL) to provide end-to-end electric vehicle (EV) charging stations at the latter’s retail outlets at multiple cities and major highways across the country.
Godrej Consumer Products: The FMCG company is building diversity in operations, promoting inclusivity through affirmative stances on gender and LGBT+ rights and hiring from different backgrounds and skills, the company said.
Central Bank of India: The state-owned lender will seek shareholders’ approval in its ensuing annual general meeting (AGM) next month to set off accumulated loss of over Rs 18,724 crore from the share premium account of the bank.
Kirloskar Oil Engines: The auto parts manufacturer will be investing another Rs 250 crore into its non-bank finance company (NBFC) Arka Fincap as it seeks to grow its operations, its promoters said.
Bank of Maharashtra: The state-owned lender closed its qualified institutional placement (QIP) in which it raised about Rs 404 crore by allotting over 17 crore shares to eligible investors.
L&T Finance Holdings: The financial firm reported 20 per cent rise in net profit at Rs 178 crore for June quarter 2021-22, mainly driven by rural demand for farm equipment. The non-banking financial company had registered Rs 148 crore profit in the year-ago period.
Bajaj Hindusthan Sugar:
sold a 2 per cent stake in the company via open market transaction, reducing shareholding to 9.23 per cent from 11.23 per cent earlier.
Den Networks: The company reported lower consolidated profit at Rs 41.14 crore in Q1FY22 against Rs 58.65 crore in Q1FY21, revenue rose to Rs 302.97 crore from Rs 301.3 crore YoY.
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