Stocks to watch: Infosys, Mindtree, Dodla Dairy, Mindtree, Adani Enterprises, NBCC
Dodla Dairy, 5 Paisa, Craftsman Automation, Infosys and Tinplate are slated to announce their financial results for the June quarter on Wednesday
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 51 points at the opening bell. Overseas, Asian stocks mostly slipped on Wednesday following a hotter-than-expected US inflation report for June overnight. Singapore’s economy grew 14.3% year-on-year in the second quarter, official advanced estimates showed Wednesday. Still, the economy contracted by 2% as compared with the previous quarter, Singapore’s Ministry of Trade and Industry said. US stocks slipped after posting new highs on Tuesday as the biggest hike in U.S. inflation in 13 years rattled investors. Here is the list of top stocks that could be in focus on July 14.
Results today: 5 Paisa, Craftsman Automation, Dodla Dairy, Infosys and Tinplate are slated to announce their financial results for the June quarter on Wednesday.
Mindtree: The IT firm on Tuesday reported a 61.2% growth in its consolidated profit at Rs 343.4 crore for the June quarter. It had registered a net profit of Rs 213 crore in the June 2020 quarter.
Adani Enterprises: Adani Airport Holdings (AAHL), a wholly-owned subsidiary of Adani Enterprises, has taken over the management control of Mumbai International Airport (MIAL) from the GVK Group. This follows approvals received from the Government of India, the City and Industrial Development Corporation (CIDCO) of Maharashtra, and the Government of Maharashtra.
Zuari Agro Chemicals: The company informed that the SSP plant of the company in Mahad has resumed its operations with supply of raw materials having been tied up with a supplier. The NPK A Plant has been shut down due to unavailability of raw materials.
Barbeque-Nation Hospitality: The company said that ratings agency ICRA has upgraded the credit rating for the company’s bank facilities on a long-term scale to A- (stable). On the short-term scale, the rating assigned is A2+.
NBCC: NBCC (India) said the company has secured the total business of Rs 206 crore in the month of June, 2021.