The Nifty futures contract traded on the Singapore Exchange signifies a optimistic begin to home equities. The contract was buying and selling at 17,678.50, up 25 factors or 0.14% from the earlier shut.
Results Today
HCL Tech, ICICI Pru Life, Cyient, Laxmi Organic Industries and a slew of different corporations will announce their quarterly outcomes at present.
HCL Tech: After a muted set of numbers from TCS and Infosys, all eyes can be on HCL Technologies as it would come out with its fourth quarter outcomes at present.
Tata Motors: Jaguar Land Rover (JLR) mentioned on Wednesday it deliberate to enhance its investments in electrical autos (EVs) because it chases international rivals, with the British luxurious carmaker promising its first new electrical Jaguar in 2025. JLR, which is owned by India’s Tata Motors, mentioned it will make investments 15 billion kilos ($19 billion) over the following 5 years in EVs. Previously, the carmaker had mentioned it will make investments 2.5 billion kilos a yr on electrification.
Adani Ports: Adani Ports and Special Economic Zone Limited, on Wednesday, mentioned, the corporate’s board will maintain a gathering on 22 April to contemplate a partial buyback of its sure debt securities efficient this monetary yr. Adani Group’s complete debt stands at round Rs.2.27 trillion as on 31 March. Earlier this month, the corporate acknowledged in a presentation to its collectors that there isn’t any materials refinancing danger and near-term liquidity requirement as there isn’t any near-term important debt maturity exterior the credit score envelope.
ICICI Securities: ICICI Securities, a part of ICICI group, reported a 23% fall in its revenue after taxes (PAT) to Rs263 crore within the March quarter of FY23 from Rs340 crore in the identical quarter in FY22. It reported a nominal 5% YOY development in its retail income to Rs778 crore. Due to weak point within the Equity Capital Market (ECM), the corporate’s complete consolidated income stood at Rs885 crore , which was down by 1% in contrast to the income earned throughout the identical interval within the earlier monetary yr.
JSW Steel: JSW Steel on Wednesday mentioned it has no plans of supplying particular metal merchandise to Russia, junking experiences that claimed the personal metal maker is wanting to export metal objects to that nation. Media experiences on Wednesday steered that JSW Steel is planning to provide particular metal objects to Russia by the tip of the yr. When contacted, a JSW Steel spokesperson informed PTI: “The firm is just not planning any provide of particular metal to Russia.” JSW Steel is among the many high six metal manufacturing corporations in India.
Titan: Soaring gold prices have prompted Titan Co. Ltd’s jewellery arm Tanishq to reinstate its advanced booking option, allowing buyers to lock in the price of the yellow metal ahead of auspicious occasions such as the Akshaya Tritiya. It is also amplifying its gold-exchange programme and introducing an affordable range of jewellery to woo consumers. The move is part of a greater push by large retailers to keep the demand momentum intact amid soaring gold prices.
Bank of Maharashtra: Bank of Maharashtra is aiming to raise capital for FY24, up to Rs7,500 crore through various modes including follow-on-public offer, Qualified Institutional Placement(QIP), preferential issue, etc. The Board of Directors of the bank will discuss the issue in their meeting to be held on April 24, 2023. The company’s scrip has ended 0.81% up at Rs28.58 on BSE. The bank may also seek to raise capital through the issue of BASEl III or other such securities based on the methods approved in the meeting.
Tata Communications: Tata Communications on Wednesday reported a decline of 10.7 per cent in consolidated net profit to at Rs326 crore for the quarter ended March 2023. This is against a net profit of ₹ Rs365 crore in the corresponding quarter last fiscal, Tata Communications said in a regulatory filing. The consolidated revenue from operations grew by 7.2 per cent to Rs4,568.7 crore in the quarter under review from Rs4,263 crore a year ago. Tata Communications reported a consolidated net profit of about Rs394 crore for the December 2022 quarter.
AU Small Finance Bank: AU Small Finance Bank Limited (SFB) Wednesday said it has received permission from the Reserve Bank of India (RBI) to act as an authorised dealer to deal in foreign exchange. AU Small Finance Bank in a regulatory filing said the Reserve Bank vide its letter dated April 19, 2023, has granted a license to act as Authorized Dealer Category-I (AD-I) under section 10 of FEMA, 1999 to deal in foreign exchange. The company will be able to deal in foreign exchange subject to compliance with applicable regulations.
PVR: PVR Pictures Ltd, the film distribution arm of PVR Ltd, posted revenues of nearly ₹200 crore for FY23, on the back of strong box office performances of Drishyam 2, Vikram Vedha and John Wick 4. It is now looking to scale up the business with more independent films across languages, joint managing director Sanjeev Kumar Bijli said. The firm, which has also produced films, has no plan to go back to production but is looking to ramp up distribution of Indian films, including Hindi and regional movies, as well as English and Japanese television animation, Bijli said.
Prestige Estates: Realty firm Prestige Estates on Wednesday said its sales bookings rose by 25% to a record Rs12,930.9 crore in the last fiscal year on strong housing demand. In a regulatory filing, the Bengaluru-based firm said, during the fiscal year FY23, the group registered the highest sales of Rs12,930.9 crore (up by 25% YoY) and highest-ever collections of Rs9,805.5 crore (up by 31%). Sales bookings stood at 15.09 million square feet with an average realization of ₹8,812 per sq ft for apartments/ villas/ commercial sales.
Disclaimer:Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
Read all of the Latest Business News, Tax News and Stock Market Updates right here
