In early trades today, benchmark indices were up. The Sensex increased by 78 points to 65,524 and the Nifty by 22 points to 19,421.
In the June 2023 quarter, Adani Wilmar saw a double-digit volume increase of 25%; however, sales plummeted by 15% as a result of a severe decline in edible oil prices. Over 70 emerging market nations had their biosimilar businesses fully integrated by Biocon Biologics.
Today’s Stock market
FMCG company Marico saw its consolidated revenue fall to low single digits in the first quarter as a result of pricing interventions in important domestic portfolios and additional price reductions for Saffola edible oils. Tata AMC has been permitted to purchase a stake in DCB Bank that is up to 7.5%.
For the quarter ending in June, Ujjivan SFB had a 31% YoY growth in advances to Rs 25,346 crore and a 44% YoY increase in deposits to Rs 26,655 crore.
- Adani Wilmar‘s volume increased by 25%, and sales plummeted by 15% due to the oil price decline.
- Marico’s revenue drops due to price reductions; Tata AMC buys DCB stake.
- KEC International secures Rs 1,042 crore orders globally.
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For a brand-new project costing Rs 289 crore, RRP Infra Projects Ltd. has been given a letter of acceptance. Housing Development Finance Corporation (HDFC) will be replaced by JSW Steel on the S&P BSE Sensex as of July 13.
KEC International received new orders totaling Rs 1,042 crore across its various sectors, including T&D projects in India, the Middle East, Europe, and the Americas, as well as signaling and telecommunication projects in SAARC.
For the Chhattisgarh State Power Distribution Company‘s smart metering project, Tata Power has been given a Letter of Award.
