The demand for MHCV Trucks is expected to increase, driven by pickup in fleet utilization levels and supported by replacement demand in-line with recovery in economic activity and government spending.
Analysts would track Bank of Baroda's commentary on asset quality, and future growth trajectory of return on equity (RoE), loan growth and NIM
Stocks to watch today: HDFC, Sun Pharma, and Cipla will report their June quarter results on Friday, July 29; Dr Reddy's saw 108 per cent YoY rise in consolidated net profit to Rs 1,187.6 crore in Q1.
EBITDA and profit after tax stood at Rs 179 crore and Rs 145 crore against Rs 97 crore and Rs 78 crore
SBI card shares of the lender were trading 4.2 per cent higher than the previous day's close at Rs 926.1
Market share gains in key categories and entry into premium kitchen appliances are positives
The DRL stock was down marginally (0.73 per cent) to Rs 4,254 on the BSE on Thursday
Jubilant FoodWorks, operator of Domino's Pizza and Dunkin' Donuts, on Thursday reported a 63.01 per cent increase in its consolidated net profit at Rs 112.58 crore in the April-June quarter.
STFC's total assets under management by the end of the quarter stood at Rs 130,688.86 crore, against Rs 119,301.37 crore a year ago
Motorcycle sales registered 4.34 lakh units against 4.05 lakh units in the quarter ended June 2021.
Nestle India, which makes Maggi noodles, KitKat chocolate, sees 'early signs of softening' in sale of some commodities
Revenue was at $4.9 billion, up 9.5 per cent in constant currency on a year-on-year (YoY) basis
Its VNB margins - a measure of profitability of life insurers - stood at 30.4 per cent, against 23.7 per cent in the year-ago period
Disbursements during reporting quarter almost doubled to Rs 3,451 crore compared to Rs 1,759 crore in Q1FY22
At the bourses, shares of Bajaj Finance jumped 9.4 per cent on Thursday to Rs 6,999 apiece on the BSE in the intra-day trade. In comparison, the BSE Sensex was up 1.4 per cent at 11:25 AM.
CLOSING BELL: Tata Steel, Kotak Bank, IndusInd Bank, Nestle, Infosys, Asian Paints, and Tech M were the other outperformers, up between 3 per cent and 4.6 per cent
Cipla Q1 results preview: Analysts attribute the likely dull performance due to the high base of last year, and the reduction in revenue contribution from Covid-19 therapies in the recent quarter.
Analysts believe that the US Fed's confidence about strong labor markets and dismissal of recession brought respite to the investors
In the past three trading sessions, the stock has gained 16 per cent after the company announced their plan for stock split and bonus issue.
Sun Pharma Q1FY23 results: Prabhudas Lilladher foresees the company's net profit to rise 27 per cent year-on-year (YoY) to Rs 1,786 crores from Rs 1,445 crores in the year-ago quarter.