Jio Financial Services' Shares List at Rs 261.85 Per Share - Top Indian Market Updates


Here are some of the major updates that could move the markets tomorrow:

Jio Financial Services' shares list at ₹261.85 per share

The shares of Jio Financial Services (JFSL), the demerged NBFC unit of Reliance Industries, got listed at ₹261.85 per share on the NSE today. This was much higher than brokerage estimates of up to ₹190. Stock exchanges BSE and NSE conducted a special pre-open trading session this morning from 9 am to 9:45 am in which the market price of the demerged entity was calculated.

Read more here.

Infosys Q1 Results: Net profit rises 11% YoY to ₹5,945 crore

Infosys reported a 10% YoY rise in consolidated net profit to ₹5,945 crore for the quarter ended June (Q1 FY24). The IT major’s revenue from operations stood at ₹37,933 crore, up 10% YoY. Infosys has revised its full-year revenue growth outlook, lowering it to 1-3.5% from the initial estimate of 4-7% due to a challenging economic environment.

Read more here.

PVR Inox plans to add two more superplexes this year

PVR INOX Ltd is looking to add two more superplexes this year as part of plans to expand its large format offering. The company opened its new 12-screen superplex in Bengaluru, taking its total to 158 screens in 25 cinemas in the city. Superplexes or cinema halls with 10 or more screens offer a range of formats and experiences under one roof in mega malls with large floor areas.

Read more here.

Havells India Q1 Results: Net profit rises 18% YoY to ₹287 crore

Havell India Ltd reported an 18% YoY increase in consolidated net profit to ₹287.07 crore for the quarter ended June (Q1 FY24). The total revenue for the quarter rose 14% YoY to ₹4,833.8 crore. EBITDA stood at ₹402 crore in Q1, up 11% YoY. The company witnessed sluggish consumer demand, and unseasonal rains impacted sales of its cooling products.

Read more here.

Govt announces re-bidding under PLI for advanced chemistry cell manufacturing

The Central government announced the re-bidding of production-linked incentives (PLUs) for 20 GWh Advanced Chemistry Cell manufacturing— India's Rs 18,100-crore programme to boost local battery cell production. The Ministry of Heavy Industries (MHI) will facilitate a stakeholder consultation with industry representatives on July 24, 2023, for their inputs and suggestions before the start of the re-bidding process of the remaining 20 GWh capacity.

Read more here.

HUL Q1 Results: Net profit rises 7% YoY to ₹2,472 crore

Hindustan Unilever Ltd (HUL) reported a 7% YoY increase in consolidated net profit to ₹2,556 crore for the quarter ended June (Q1 FY24). Its total income rose 6.2% YoY to ₹15,679 crore in Q1. The FMCG company’s total expenses during the quarter came at ₹12,167 crore, up 5.5% YoY.

Read more here.

India's oil & gas import bill contracts 33% YoY in Q1 as prices drop

According to data from the Oil Ministry, India’s oil and gas import bill contracted by 33% YoY to $35 billion in the April-June quarter (Q1) as prices sharply dropped. Crude oil worth $31.4 billion was imported during Q1 FY24, lower than $48.1 billion in the same period last year. The volume of oil imports marginally reduced to 60.1 million metric tonnes (MMT) in the first quarter from 60.7 MMT in the same period last year.

Read more here.

HCL Tech, Schneider Electric to develop sustainability solutions for data centres in APAC

HCL Technologies will partner with Schneider Electric to develop carbon-efficient solutions for data centres in the Asia-Pacific (APAC) region. Both companies will jointly explore innovations in sustainability and deliver converged IT-OT (information technology-operational technology) solutions to help clients meet regulatory compliances and accelerate decarbonisation programs in the APAC region.

Read more here.

IndiaMart Q1 results: Net profit rises 77% to ₹83 crore

IndiaMart InterMesh Ltd reported a 77% YoY rise in consolidated net profit to ₹83 crore for the quarter ended June (Q1 FY24). Its revenue from operations rose 26% YoY to ₹2,821 crore during the same period. Total expenses during the quarter stood at Rs 2,144 crore, up 28% YoY. The company’s board has approved the buyback of 12.5 lakh shares worth up to ₹500 crore at ₹4,000 per share. 

Read more here.

Post your comment

No comments to display

    Honeykomb by BHIVE,
    19th Main Road,
    HSR Sector 3,
    Karnataka - 560102

    Crafted by Traders 🔥© marketfeed 2023