The Markets are expected to open flat or marginally negative as trend in SGX nifty indicate flat start - ARETE Securities
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The Markets are expected to open flat or marginally negative as trend in SGX nifty indicate flat start for the broader index after Nifty closed 44 points higher at 17,813 on wednesday.
Tata Motors:
The Indian auto manufacturer has signed a definitive agreement with Cummins to manufacture low- to zero-emissions technology products in India over the next few years.
Infosys:
The IT major entered into a collaboration with Walmart Commerce Technologies to offer services to retailers that will help them leverage technology solutions to simplify customer and store employee experiences.
Dr Reddy’s Laboratories:
The company received tentative approval from US FDA for marketing Topiramate capsules in different strengths.
Goldiam International:
The company received export orders worth Rs 50 crore from international clients for manufacturing diamond studded gold jewellery, including lab-grown diamonds jewellery worth Rs 17.5 crore.
HCL Technologies:
The company has been selected to deploy an IT system for Viennabased pigment maker Heubach Group across 11 countries.
Q4 Results Update:
SBI Life insurance Company Q4 FY23 Revenue were up by 6% at Rs 22,805 crore. Net profit was up by 16% to Rs 777 crore. VNB was up by 37% at Rs 5,070 crore Vs Rs 3,700 crore last year. VNB margin was at 30.1% vs 25.9% last year.
HDFC Life insurance Company Q4 FY23 Revenue was up by 21% at Rs 21,471 crore. Net profit fell 28% to Rs 362 crore. VNB was up by 37% at Rs 3,674 crore last year. VNB margin stood at 27.6% vs 27.4%.
Bajaj Finance Q4 FY23 Net interest income was up by 28% at Rs 7,771 crore on YoY basis. Net profit up 30.5% at Rs 3,158 crore on YoY basis. Gross NPA ratio stood at 0.94% vs 1.14% on QoQ basis. Net NPA ratio at 0.34% vs 0.41% sequentially.
Q4 Results Today:
Wipro, Bajaj Finserv, Axis Bank, Hindustan Unilever, Tech Mahindra, LTIMindtree, ACC, Mphasis, Surya Roshni, Coforge, Welspun India, Trent, Indian Hotels Co., Laurus Labs, Embassy Office Parks REIT, Dwarikesh Sugar Industries, Kirloskar Pneumatic Co., Gateway Distriparks, Aditya Birla Sun Life AMC, Swaraj Engines,Agro Tech Foods, Apcotex Industries, Bajaj Holdings & Investment etc.
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The Markets are expected to open higher today as trend in SGX nifty - ARETE Securities
