Shree Renuka, Dwarikesh, Triveni Engineering, Uttam Sugar, Dhampur Sugar and Dalmia Bharat Sugar are down in the range of 2 per cent to 7 per cent on the BSE.
So far in August, the stock has gained 16 per cent, after the company reported healthy growth in topline performance, backed by volume gains despite a market slow down due to inflationary conditions.
The company not experiencing a slowing down in public and private capex spending; however, concerned about global headwinds impacting demand which could result in a slowdown in Capex spending.
It has also zoomed 70 per cent in the past six months, as compared to 0.12 per cent decline in the benchmark index
The company reported 28.4 per cent growth in Q1FY23 consolidated net at Rs 191.47 crore, and total income rose by 41.2 per cent YoY to Rs 1,100.33 crore on a YoY basis.
Analysts at Morgan Stanley expect India's gross domestic product (GDP) growth to average 7 per cent in 2022-23. The Indian economy, they said, is set for its best run in over a decade.
Crude oil showed a declining trend, and prices are still stable in India. Petrol in Delhi is available at Rs 96.72, while Mumbai is selling at Rs 106.31 per litre. Check out fuel rates in your city
The performance for the quarter was largely led by improved soda ash realisations across all geographies, which led strong top line growth for the quarter, said ICICI Securities.
According to the analyst from Anand Rathi, KPR Mill can rally to Rs 595, while Shriram Transport Finance can surge to Rs 1,500 in the near term.
Stocks to watch today: Coal India and Tata Consumer Products will report their June quarter results (Q1FY23) on Wednesday, August 10; NTPC plans to fundraise Rs 12,000 crore through NCDs.
Global central banks are hiking interest rates to bring down inflation. Should you buy on dips or sell on a rally? Find out what UR Bhat of Alphaniti Fintech says to Business Standard's Puneet Wadhwa
Zee Entertainment Enterprises (ZEEL) has the biggest decline in foreign portfolio investor (FPI) holding among BSE 200 companies
Average stake down 40 bps from previous quarter at 22%
The three individuals -- Suresh Venkatachari, R S Ramani and Gurumurthi Jayaraman -- have also been restrained from associating themselves with any Sebi-registered intermediary till further orders
The latest bout of outflows come amid a sharp surge in the equity markets
Asked to re-verify clients and check order locations, following reports of tax evasion
Annual ETF investments of nearly Rs 36,000 cr on average since 2019-20
Set to approach Sebi, finance ministry for clarification
Gold Exchange Traded Funds (ETFs) witnessed a net outflow of Rs 457 crore in July as investors parked their money in other asset classes as part of their portfolio rebalancing strategy.
The official website, bseindia.com states that August 9 will be a market holiday, which would mean that there will be no trading in equity segment, equity derivative segment and SLB degment