That apart, globally, the US markets ended higher overnight, with Dow Jones, NASDAQ Composite, and the S&P 500 indices climbing up to 0.6 per cent.
Asia-Pacific markets, however, were mixed in early deals. Nikkei 225, Topix, Kospi indices declined up to 0.5 per cent.
Q1 results today: Axis Bank, Bharat Petroleum Corporation, Cipla, Colgate-Palmolive (India), Deepak Fertilisers & Petrochemicals Corporation, Dr Reddy’s, PNB, Shree Cement, Tech Mahindra, Bajaj Finance, Aditya Birla Sun Life AMC, TCPL and REC, among others.
CEAT: The tyre manufacturer has posted over a 15-fold increase in consolidated net profit during the first quarter of the financial year 2023-24 to Rs 144 crore as compared to Rs 8.68 crore during the same period last financial year.
UTI AMC: The company’s Q1 net profit jumped 154 per cent to Rs 234 crore. Its revenue from operations rose 60 per cent to Rs 468 crore.
Jubilant Food: The standalone net profit of Jubilant Foodworks for the first quarter of the current financial year (Q1YFY24) declined 74 per cent to Rs 28.9 crore, compared to Rs 112.7 crore for the corresponding quarter of the previous year, the company said in a BSE filing. Sequentially, the net profit stood at Rs 28.5 crore.
SpiceJet: India’s aviation regulator has removed SpiceJet from its so-called enhanced surveillance, saying the no-frills airline had taken “suitable maintenance action”. The Directorate General of Civil Aviation (DGCA) conducted 51 checks in 11 places in India on the airline’s fleet, which includes Boeing 737 and Bombardier DHC Q-400 aeroplanes.
HCLTech: The company has announced the launch of its global Delivery Center (GDC) in Rabat, Morocco. The GDC is HCLTech’s first facility in Morocco and is part of the company’s nearshore strategy to serve global enterprises. It will deliver transformation projects to clients across HCLTech’s portfolio themes of digital, engineering, cloud, AI and software.
Satin Creditcare Network: A meeting of the Working Committee of the Board of Directors is scheduled to be held on Friday, July 28, 2023, to consider the fundraising proposal by way of issuance of listed/unlisted, secured/unsecured, nonconvertible debentures on private placement basis.