Nifty futures had been trading half a per cent down at 15,660 on Singaporean Exchange on Friday, indicating a gap-down begin for BSE Sensex and Nifty 50. In the prior session, headline indices ended the weekly expiry session in the adverse territory, falling practically one per cent, each and every. Investors would react to TCS (Tata Consultancy Services) numbers. Analysts recommend maintaining a verify on naked leveraged positions and wait for clarity. “Investors, on the other hand, should not read much into the intermediate correction and continue with the buy on dips approach in fundamentally sound counters with a long term view,” stated Ajit Mishra, VP – Research, Religare Broking.
Stocks in focus
TCS: Tata Consultancy Services on Thursday posted a 28.5 per cent boost in consolidated net profit at Rs 9,008 crore for the 1st quarter ended June 30, 2021. The firm had posted a consolidated profit of Rs 7,008 crore in the identical quarter a year ago.
Coal India: CIL has entered into a contract with Iz-Kartex, named right after P G Korbokov, a Russian shovel manufacturing organization, for installation and commissioning of 11 electric rope shovels valued at Rs 1,462 crore.
Tata Motors: The Tata Motors Group worldwide wholesales in Q1 FY22, such as Jaguar Land
Rover, had been at 2.14 lakh units, larger by 134 per cent, as compared to Q1 FY21. Global wholesales of all Tata Motors’ industrial cars and Tata Daewoo variety in Q1 FY22 had been at 52,470 units, larger by 355 per cent, more than Q1 FY21.
DBS Bank India: DBS Bank India (DBIL), which has taken more than the troubled Lakshmi Vilas Bank (LVB), on Thursday stated it could develop profitability in spite of the effect from the amalgamation of LVB.
Delta Corp: Companies such as Delta Corp, Excel Realty N Infra, Integrated Capital Services, Madhucon Projects, Mapro Industries, Suryavanshi Spinning Mills, K&R Rail Engineering, and Valencia Nutrition will announce Q1FY22 earnings today.
Avenue Supermarts: BSE-listed firms such as Avenue Supermarts, PTC Industries, Castex Technologies, Gujarat Hotels, Indo-City Infotech, and Oriental Trimex will release their April-June quarterly earnings on Saturday.
Bharat Dynamics: The organization has signed a contract worth about Rs 499 crore with Ministry of Defence for manufacturing and provide of Akash Missiles to the Indian Air Force.