Stocks to Watch: Adani Ports, Dabur, L&T Infotech, ACC, Tata Elxsi | Whuff News


Here is a list of the top 10 stocks that will be in focus today

Adani Port: Israel said on Thursday it would sell the Port of Haifa, a major trading hub on its Mediterranean coast, to the winning bidder India’s Adani Ports and local chemicals and logistics group Gadot for 4.1 billion shekels ($1.18 billion). Adani will have a majority 70% stake and Gadot will hold the remaining 30%, according to an industry official.

Dabur India: Consolidated revenue of fast-moving consumer goods companies across the board 10,000 crore mark for the first time with an annual growth of 13.9%, the company said in its annual report for the year 2021-2022. “This surge in growth is despite rising inflationary pressures in the last quarter and demonstrates Dabur’s extraordinary resilience and agility,” said vice-chairman Mohit Burman.

L&T Infotech: The IT firm has reported a net profit of Rs 634.40 crore for the first quarter of the current financial year, up 27.7% year-on-year. The company’s income from operations jumped by 30.6% year-on-year to 4,522.8 crore in the quarter. On a quarter-on-quarter basis, the company’s revenue increased by 5.1%, while net profit fell by 0.5%.

Elxsi Format: The technology services company reported revenue of Rs. 725.9 crore in revenue from operations, a growth of 6.5% quarter-on-quarter and 30.0% year-on-year. Ebitda for the quarter increased 7.6% over the previous quarter to 238.2 crore. Profit after tax amounted to Rs. 184.7 crore which is a year-on-year increase of 62.9 crore.

ACC: The cement maker reported a 60% decline in consolidated net profit on 227.35 crore in the June 2022 quarter due to increased fuel costs and related inflationary effects. The company, which follows the January-December financial year, posted a profit of Rs 569.45 crore in April-June, Revenue from operations in the quarter under review was at 4,468.42 crore, up 15.01%.

Life Insurance Corporation The insurance giant on Thursday said its sunk value is at 5,41,492 crore at the end of March this year as compared 95,605 crore during the last year. At the end of September 2021, the value was at 5,39,686 crore.

Syngene International: The Biocon branch has signed a 10-year deal with animal health company, Zoetis, to manufacture the drug substance for Librela which is used to treat osteoarthritis in dogs. The deal paves the way for the development and manufacture of other molecules in the coming years and is expected to be worth up to $500 million to Syngene over 10 years.

Bharat Heavy Electricals: The government engineering firm said it has successfully commissioned a 100-MW floating solar photovoltaic plant in NTPC Ramagundam in Telangana. The plant is installed across a natural raw water reservoir, saving valuable land resources, and also saves water by reducing evaporation.

Vedanta: The company’s board of directors will on July 19, consider and approve the second interim dividend on shares for FY2022-23. The record date for the purpose of determining equity shareholders’ eligibility for dividends is set at July 27.

Tata Steel Long Products: The company recorded a net loss of 331.09 crore in the June quarter, mainly due to higher expenses. His total income, however, increased to 2,154.78 crore from 1,726.82 crore in the quarter ended June 2021. The company saw its expenses rise to 2,489.58 crore from 1,282.59 crore in the same period a year ago.

Watch all Business News, Market News, Latest News Events and Breaking News on Live Mint. Download Mint News App to get Daily Market Updates.

Approximately



Source link