Here is the list of the top 10 stocks that will make the news today:
HCL Technologies: The IT service provider made a net profit of ₹3,283 crores in the June quarter, up 2.4% from a year ago, but below Bloomberg consensus estimates of ₹3,322 crore. The company’s net profit fell 8.6% quarter over quarter, while revenue rose 3.8% in the same period. June quarter revenue increased 17% from a year ago to ₹23,464 crore.
Sterling & Wilson: The company reported a net loss of ₹353.9 crore against the loss of ₹76 core a year ago. Revenue increased by 1% to ₹1,206.9 crore against ₹1,194.6 crores a year ago. EBITDA fell ₹343.9 crore against a loss of ₹103.7 crore.
Shilpa Medicare: The company’s newly commissioned facility in Dabaspet, Karnataka has been awarded GMP certificate by the UK MHRA. The facility was inspected by the MHRA from April 18, 2022 to April 20, 2022. The facility has the capability to manufacture and test specialist dosage forms like orodispersible films and transdermal systems.
Axis Bank: The lender said the Reserve Bank of India has approved the reappointment of Rakesh Makhija as non-executive chairman until October 2023. The reappointment comes into effect on July 18.
Mindtree: The IT company will announce its June quarter results today. Strong performance is likely to be seen in the BFSI segment, coupled with improving verticals and a healthy pipeline likely to see consistent currency growth of 4-5% sequentially. In dollar terms, the company’s earnings are expected to be under pressure due to currency headwinds.
Indigo: The company has launched disciplinary proceedings against aircraft maintenance technicians who have gone on mass sick leave in the past five days to protest low wages. IndiGo said such an absence without notice has an impact on the airline’s operations.
Delta Corp: The company reported net income of ₹57.13 crore in the April-June quarter versus a loss of ₹28.93 crore in the period a year ago. Consolidated net sales for the quarter reached ₹250.27 against ₹75.87 crores a year ago.
Max Ventures and Industry: The company has received clearance from the NSe and BSE for the merger of the company with its wholly owned subsidiary Max Estates Ltd.
Wealth of Anand Rathi: The non-banking wealth solutions company reported a 33.6% increase in after-tax profit to ₹39.7 crore for three months ended June 2022. Total revenue increased by 35.7% to reach ₹133.5 crore in the quarter under review ₹98.4 crores in the first quarter ended June 2021.
Care assessments: The board of directors of the company will examine on July 20 a proposal to buy back shares of the company in accordance with the relevant provisions of the Sebi.
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