Last Updated: April 19, 2023, 07:45 IST
The Nifty futures contract traded on the Singapore Exchange signifies a unfavorable begin to home equities. The contract was buying and selling at 17,692.50, down 29 factors or 0.16% from the earlier shut.
The Nifty50 managed to defend the 17,600 degree in the earlier session regardless of promoting stress within the fairness markets for the second consecutive session, which consultants really feel can act as a assist in coming classes.
Results on April 19
ICICI Securities, Mastek, Tata Communications, Alok Industries, Artson Engineering, Citadel Realty and Developers, G G Engineering, Gujarat Hotels, and Stampede Capital can be in focus forward of quarterly earnings on April 19.
ICICI Lombard General Insurance Company: The agency has recorded an enormous 40 p.c year-on-year development in revenue at Rs 437 crore for the quarter ended March FY23. Net premium earned for the quarter grew by 12.3 p.c to Rs 3,726 crore and whole revenue elevated by 13.3 p.c to Rs 5,256 crore in contrast to the year-ago interval. The mixed ratio was at 104.2 p.c in Q4FY23, in opposition to 103.2 p.c in Q4FY22. The insurance coverage firm introduced a ultimate dividend of Rs 5.5 per share.
Avalon Technologies: Goldman Sachs has purchased a stake in Avalon Technologies submit the itemizing on Tuesday by means of bulk offers, BSE knowledge confirmed.
SBI: The Board of India’s largest lender State Bank of India (SBI) has authorised long run fund elevating of up to $2 billion in debt throughout monetary 12 months 2023-24.
Tata Coffee: The Tata Group firm reported a virtually 20 p.c year-on-year improve in consolidated revenue at Rs 48.8 crore for the March FY23 quarter supported by greater different revenue and decrease tax value. Consolidated income for the quarter grew by 10.2 p.c to Rs 723 crore in contrast to the identical interval final 12 months. However, EBITDA fell 4.8 p.c YoY to Rs 105.72 crore with the margin falling 230 bps for the quarter.
Bank of India: The public sector lender mentioned the board of administrators has authorised the elevating of capital up to Rs 6,500 crore for FY24, comprising Rs 4,500 crore through the difficulty of recent fairness capital within the type of FPO/QIP/Rights problem/preferential problem and/or Basel III compliant extra Tier-1 (AT-1) bonds, and Rs 2,000 crore through Basel III compliant Tier-2 bonds.
Zydus Lifesciences: The pharma firm has acquired ultimate approval from the United States Food and Drug Administration (USFDA) to manufacture and market Estradiol Transdermal system within the US. Estradiol transdermal system is indicated for the prevention of postmenopausal osteoporosis. The drug can be manufactured on the group’s formulation manufacturing facility at Moraiya close to Ahmedabad.
Pidilite Industries: The firm has entered into an settlement with US-based Basic Adhesives LLC for the acquisition of its sure property comprising know-how, design, trademark, copyright, area title and commerce costume. The firm pays the consideration in tranches over a interval of time.
Prestige Estates Projects: Subsidiary Prestige Exora Business Parks acquired 51 p.c shares in Dashanya Tech Parkz. The acquisition value for a 51 p.c stake is Rs 66.07 crore.
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