At 08: forty am, Nifty futures at the Singapore Exchange (SGX) had been trading 36.50 points or zero.32 consistent with cent higher at eleven,583, indicating an effective begin for the Indian market nowadays.
Here’s a examine a number of the counters which are possible to change actively on Monday –
DHFL: Dewan Housing Finance Corp (DHFL) warned on Saturday that its monetary scenario turned into so grim that it could now not live to tell the tale. It stated an internet loss of Rs 2,223 crore for March area on account of the additional provisioning of Rs three,280 crores. In the equal region in FY18, the housing finance firm had suggested a net earnings of Rs 134 crore.
Earnings Today: Bajaj Consumer Care, Tata Metaliks, and Gujarat Hotels are some of the eight agencies set to declare their June sector consequences today.
IndiGo: The board of InterGlobe Aviation, which operates IndiGo, will seek clarification from co-promoter Rakesh Gangwal on his allegations that unbiased directors failed to take ‘impartial’ decisions on corporate governance lapses, at the board assembly on July 19.
Avenue Supermarts on Saturday reported a 33.8 per cent YoY rise in its standalone internet income at Rs 335.3 crore for the zone ended March 31, 2019. Revenue for the sector came in at Rs five,780.5 crores, up 26.Eight consistent with cent YoY. EBITDA jumped via forty-one consistent with cent YoY to Rs 595.9 crore.
Allahabad Bank: The nation-run lender has said a fraud of Rs 1,775 crore by way of Bhushan Power & Steel (BPSL) to RBI. It has already made provisions amounting to nearly 900.20 crores towards the publicity of the Bank in BPSL.
Sun Pharma: Global brokerage firm Morgan Stanley has double upgraded the inventory to overweight in expectation of a revival in its profits from F21 onwards, driven via regular increase inside the base commercial enterprise coupled with plateauing of the modern-day extended value shape, main to fine working leverage. The goal rate has been revised to Rs 505.
Parag Milk: Rating organization ICRA has upgraded its rankings on the bank centres of Parag Milk Foods, bringing up a healthy financial profile, installed logo presence, and increasing distribution network.
Piramal Enterprises: As in keeping with news reports, Flipkart co-founder and tech entrepreneur Sachin Bansal have invested Rs two hundred crores in debt paper issued with the aid of Piramal Enterprises.
Reliance Home Finance is at a sophisticated level to shut inter-creditor agreements (ICAs) with its lenders, said a Business Standard document bringing up assets.
BHEL: State-owned engineering company BHEL Sunday said it had bagged an Rs-100 crore order from NTPC for putting in a 25 MW floating sun photovoltaic energy plant at Simhadri in Andhra Pradesh.
Infosys: Infosys on Friday stated a five.26 consistent with cent year-on-year (YoY) upward thrust in its net income at Rs 3,802 crore for the first quarter (April-June) of the economic 12 months 2019-20. Revenues for the zone below evaluate stood at Rs 21,803 crore, up 14 in step with cent YoY and 1.2 in step with cent on quarter-on-area (QoQ) basis. Revenue in regular currency terms grew 2.8 consistent with cent. READ MORE
GVK: According to information document by The Economic Times, Canada’s Public Sector Pension Investment Board (PSP Investments) has tied up with the Abu Dhabi Investment Authority-National Investment and Infrastructure Fund consortium to shop for 49 per cent of GVK Airport Holdings for about Rs 6,000 crore.
