Moneycontrol launches Analysts’ Call Tracker. A monthly special page that tells you which way analysts are leaning; the stock they are most bullish or bearish on, what they are upgrading or downgrades, and where they are betting against the market. Ignore this at your own risk!
Shree Cement Q1 Preview | Higher volume, realization to drive revenue growth as operating costs hit profitability
The company is expected to report a PAT of Rs 488 crore while registering revenues of Rs 3,976 crore for the June ending quarter.
TCS partners with The Walton Centre NHS Foundation TrustTata Consultancy Services announced its partnership with The Walton Centre NHS Foundation Trust (The Walton Centre), to develop digital solutions that increase the productivity of specialists, reduce waiting times for patients, and enhance the experience.
Jefferies View on Tata Motors
Brokerage firm Jefferies has kept buy call on the stock with a target at Rs 540 per share.
It has cut FY23 EPS estimate by 24 percent. The Q1 EBITDA fell 40% YoY & 51 percent below estimate, led by weak JLR results.
India business performed well with CV EBITDA ahead of the estimate.
The company expects JLR performance to improve significantly starting Q2, reported CNBC-TV18.
Tata Motors was quoting at Rs 444.95, up Rs 1.00, or 0.23 percent on the BSE.
Nestle India Q2 earnings| Profit declines 4% to Rs 515 crore, misses estimates
This compared to Rs 575 crore that an analyst poll by CNBC TV18 projected.
Nifty PSU Bank index rose 1 percent led by the PNB, Union Bank of India, Indian Bank
Revenue & DEA Secretary Tarun Bajaj tells CNBCTV18 Govt is sticking to 6.4% fiscal deficit target, not looking at additional market borrowing ; Fed rate hike factored in by India markets – Windfall Tax will be removed if crude oil price falls https://t.co/a8JDTzQHgQ pic.twitter.com/gXOZlYRLpg— CNBC-TV18 (@CNBCTV18Live) July 28, 2022
Nestle India Q1: Net profit went down 4.3% at Rs 515.3 crore against Rs 538.6 crore (YoY). Revenue rose 16.1% at Rs 4,036.5 crore against Rs 3,476.7 crore (YoY). EBITDA was down 1.8% at Rs 819 crore against Rs 833.9 crore (YoY).
Market update at 11 AM: Sensex is up 764.61 points or 1.37% at 56580.93, and the Nifty surged 212.20 points or 1.28% at 16854.
Sensex, Nifty gain 5% in July as rate hike fears ease, commodities soften, FIIs return
Markets were extremely oversold with FIIs selling nearly $28.70 billion so far this year. This selling spree reduced in July to $146 million from more than $6.34 billion they sold in June
CMS Info Systems Q1:
CMS Info Systems has reported consolidated net profit at Rs 69 crore, up 46.8 percent from Rs 47 crore and revenue was up 22.6% at Rs 453.2 crore versus Rs 369.8 crore, YoY.
CMS Info Systems was quoting at Rs 268.90, up Rs 3.25, or 1.22 percent on the BSE.
Bajaj Finance on fire, top contributor to Sensex rally as Q1 profit soars 159%
The company’s assets under management (AUM) crossed a milestone of Rs 2,00,000 crore in the quarter and stood at Rs 2,04,018 crore as of June 30, 2022, growing by 28 percent.