Stocks in the news
Bharti Airtel: Q1 loss widens to Rs 15,933 crore on provision for adjusted gross revenue (AGR); revenue rises nearly 1 percent.
Sagar Cements: Q1 profit at Rs 36 crore versus Rs 29.5 crore, revenue at Rs 264.1 crore versus Rs 344.2 crore YoY.
CEAT: Q1 loss at Rs 34.8 crore versus profit of Rs 82.6 crore, revenue at Rs 1,120 crore versus Rs 1,752 crore YoY.
TVS Motor: Q1 loss at Rs 139.1 crore versus profit of Rs 142.3 crore, revenue at Rs 1,431.7 crore versus Rs 4,468.6 crore YoY.
GMM Pfaudler: Q1 profit at Rs 19.2 crore versus Rs 17.7 crore, revenue at Rs 154.4 crore versus Rs 150.3 crore YoY.
InterGlobe Aviation: Q1 loss at Rs 2,844.3 crore versus profit of Rs 1,203.1 crore, revenue at Rs 766.7 crore versus Rs 9,420.1 crore YoY.
Gateway Distriparks: The Rs 116 crore rights issue opens on
Results on July 30
Reliance Industries, HDFC, Dabur India, 8K Miles Software, A2Z Infra Engineering, Aegis Logistics, Ajanta Pharma, LT Foods, Dhampur Sugar Mills, Dredging Corporation of India, Eros International Media, Essel Propack, Gujarat Fluorochemicals, Gateway Distriparks, GMR Infrastructure, ITDC, Jain Irrigation Systems, JM Financial, Jaypee Infratech, Lakshmi Vilas Bank, Laurus Labs, Mahindra Logistics,, Max Financial Services, National Fertilizers, Piramal Enterprises, Reliance Infrastructure, Reliance Power, Sequent Scientific, SRF, Sundaram-Clayton, Tata Communications, Tata Steel BSL, Torrent Pharmaceuticals, Westlife Development, etc.
Reliance slips 4% after clarification on acquisition buzz of Future Group's retail biz
Reliance Industries (RIL) witnessed huge sell-off on Wednesday after it clarified to the exchanges over a news article claiming that the company is close to buying Future Group's retail subsidiaries for consideration of Rs27,000cr. Notably, RIL and Kishore Biyani-led Group's acquisition buzz has been circulating since the start of this month.
RIL clarified to exchanges saying, "Our company evaluates various opportunities on an ongoing basis. Further, there is no information which has not been announced to the stock exchanges and which should have been announced by the Company in terms of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015".
Further, RIL added, "We are unable to comment on media speculation and rumours and it would also be inappropriate on our part to do so".- Media report#RELIANCE #TVSMOTOR #BHARTIARTL