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As on : 14-Jul-2023

Market Commentary - Stock Alert
14-Jul-2023 08:50

Stocks in News: Wipro, Senco Gold, Angel One, RVNL and more

Wipro: The IT major's consolidated net profit declined 6.65% to Rs 2,870.1 crore on 1.55% decrease in revenue form operations to Rs 22,831 crore in Q1 FY24 over Q4 FY23. On a year on year (YoY) basis, the IT firm's net profit jumped 11.96% while revenue rose 6.05% in Q1 FY24.

For the quarter ending 30 September 2023, Wipro expects revenue from its IT Services business segment to be in the range of $2,722 million to $2,805 million. This translates to sequential guidance of -2% to +1% in constant currency terms.

Senco Gold: Shares of the jewellery retailer will debut on the bourses today, 14 July 2023. The issue price is Rs 317 per share.

Patanjali Foods: Patanjali Ayurved said that it will not utilise oversubscription option (greenshoe option) in its offer for sale. Accordingly, the total offer size will be the base offer size.

Angel One: The broking major's consolidated net profit rose 21.6% to Rs 220.8 crore on 18.5% rise in total income to Rs 811.1 crore in Q1 FY24 over Q1 FY23.

Granules India: Granules India announced that the US Food & Drug Administration (US FDA) has approved its Abbreviated New Drug Application (ANDA), filed by Granules Pharmaceuticals, Inc (GPI)., a wholly owned foreign subsidiary of the company, for Acetaminophen and Ibuprofen Tablets, 250 mg/125 mg (OTC).

Rail Vikas Nigam (RVNL): RVNL has received LOA for ?Rehabilitation and Up gradation from 4 to 8 laning of Chandikhole - Paradip Section of NH-53 in Odisha. The project is worth Rs 808.48 crore.

Deep Industries: The company has entered into Joint Venture Agreement with Euro Gas Systems S.R.L to set up a joint venture undertaking for supplying Oil Filed Equipments to the Oil & Gas Industry.

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