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Gateway Distriparks Q1:
The company’s consolidated net profit fell 81.2% YoY at Rs 11.1 crore versus Rs 59 crore and revenue shed 31.5% at Rs 252.8 crore against Rs 368.9 crore, reported CNBC-TV18.
Market Updates: Benchmark indices erase early gains and trading flat with Nifty below 11200.
At 13:09 IST, the Sensex was down 56.66 points or 0.15% at 38014.47, and the Nifty was down 18.50 points or 0.17% at 11184.40. About 1037 shares have advanced, 1279 shares declined, and 135 shares are unchanged.
Lincoln Pharma launches Vitamin C+ Zinc tablets:
Lincoln Pharmaceuticals has launched Chewable Vitamin C + Zinc Tablet for the markets in India. The tablet is an evidence-based bio-active for natural immunity in combination of zinc that boosts antiviral activity and protection against COVID 19.
Rupee Updates: Indian rupee is trading marginally lower at 74.82 per dollar, amid buying seen in the domestic equity market. It opened slightly lower at 74.84 per dollar against previous close of 74.79.
Citi on Bharti Airtel:
Research house maintained buy call on the stock with a target at Rs 690 per share. It was another impressive performance despite challenges
Amongst segments, India mobile has surprised positively and drove bulk of the beat.
RPP Infra gets orders:
RPP Infra Projects won two new prestigious work orders aggregate worth amount of Rs 62.83 crore from Hindustan Petroleum Corporation Limited (HCPL) for Construction of PEB Structural Sheds Along with Associated Civil Works for POL Terminal at Dharmapuri, VDPL Project and The Executive Engineer (OS) Division, ALHW for Development of Sea Port Terminal at Swaraj Dweep (Havelock Islands) in Andaman & Nicobar Islands.
The company has to execute these orders within a period of 10 and 20 months respectively.
Market Updates: Benchmark indices are trading higher with Nifty holding above 11250.
At 12:07 IST, the Sensex was up 266.20 points or 0.70% at 38337.33, and the Nifty was up 73.40 points or 0.66% at 11276.30. About 1164 shares have advanced, 1035 shares declined, and 137 shares are unchanged.
TCS extends partnership with Vaillant Group:
Tata Consultancy Services (TCS) has expanded its partnership with Vaillant Group, a global leader in heating, ventilation and air-conditioning technology, to streamline the latter’s business processes and implement those on a single, digital enterprise process platform to support its business model transformation and future growth.
