By keeping a close watch on every movement of stocks, your investment can definitely be protected. Here we are telling such stocks which will remain in the news today and on which the market will be eyeing.
Focus on Allcargo Logistics
The share of ALLCARGO LOGISTICS will be delisted. The promoter started the process. Submitted delisting offers with SEBI. Promoters hold 70% stake in the company. The stock may rise today.
IDFC FIRST BANK IN FOCUS
IDFC can exit from IDFC First Bank. IDFC can EXIT as a Promoter. The lock-in period of 5 years is over.
INFO EDGE IN FOCUS
The Zomato list can happen on Friday only. The Board of Policy Bazaar approved the IPO of 6500 crores.
FOCUS ON BHARTI AIRTEL
Has tied up with Intel for 5G network.
Focus on WIPRO
Will invest $1 billion in Cloud Technologies in 3 years. The company has launched FullStride Cloud Services.
FOCUS ON HAVELLS INDIA
Havells has declared its first quarter results for the financial year 2021-22. For the quarter ended June 30, 2021, the company’s profit has increased by 268 percent to Rs 234 crore from Rs 63 crore in the first quarter of last year. At the same time, the income has also increased by 76 percent to Rs 2598 crore from Rs 1479 crore on an annual basis.
The company’s EBITDA during this period has increased to Rs 353 crore from Rs 131 crore in the first quarter of last year. At the same time, EBITDA margin has increased from 8.8% to 13.5%. Let us tell you that on the results of June quarter of last year, Corona had a very bad effect due to the lockdown implemented across the country.
Focus on TV18 Broadcast
TV18 Broadcast has presented excellent results for the quarter ended 30 June 2021. During this period, the consolidated earnings of the company has seen a growth of 40 percent on a yearly basis and has come to Rs 1155 crore. The company’s consolidated operating profit (EBITDA) has also shown an increase of 323 per cent year-on-year and stood at Rs 188 crore during this period.
On this occasion, the company has said in its statement that the focus on original content and the emphasis on monetization have helped in limiting the impact of the decline in advertising revenue due to Covid. The operating margin of 6.2 per cent achieved in the first quarter is the best figure achieved in any first quarter, despite the difficulties caused by the second wave of Covid.
Focus on Bajaj Finserv
Bajaj Finserv’s consolidated profit declined 31.5 per cent to Rs 832.77 crore in the first quarter (June quarter) of FY 2021-22 on a year-on-year basis. Whereas in the same quarter last year, the company’s profit was Rs 1,215.15 crore. The company announced its first quarter results today i.e. on 21st July.
In the first quarter of FY 2021-22, on a year-on-year basis, Bajaj Finserv’s total revenue declined by 1.7 percent to Rs 13,949.5 crore. Whereas last year i.e. in the same quarter of the financial year 2020-21, the total income of the company was Rs 14,192 crore.
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