Stocks in focus on July 23, 2020
New Delhi: Snapping five-session successful streak, markets ended decrease on Wednesday dragged by index heavyweights amid weak cues from world markets. Sensex fell 58.81 factors or 0.16 % to settle at 37,871.52. Similarly the NSE Nifty declined 29.65 factors or 0.27 % to shut at 11,132.60.
Here are Stocks in concentrate on July 23, 2020
Rossari Biotech
Specialty chemical substances manufacturing agency Rossari Biotech, which final week concluded its preliminary public supply (IPO), will make its inventory market debut on Thursday. The Rs 496-crore IPO of Rossari Biotech was subscribed a whopping 79.37 occasions. The worth vary for the supply was fastened at Rs 423-425 per share.
Larsen & Toubro
L&T on Wednesday posted 68.37 per cent decline in consolidated internet revenue to Rs 536.88 crore for the primary quarter ended June 30, primarily because of COVID-19-induced lockdown that stalled undertaking executions.
The firm had clocked a internet revenue of Rs 1,697.62 crore within the year-ago interval, the engineering and development conglomerate stated in a regulatory submitting.
Rallis India
Rallis India, subsidiary of Tata Chemicals, on Wednesday reported a 53 per cent progress in consolidated revenue after tax (PAT) at Rs 92 crore throughout the first quarter of 2020-21. The firm’s PAT stood at Rs 60 crore in April-June quarter of 2019-20, Rallis India stated in a press release.
ICICI Securities
ICICI Securities on Wednesday reported a 70 per cent bounce in revenue after tax (PAT) to Rs 193 crore within the April-June quarter on strong progress in revenues and enchancment in margins. In comparability, the corporate had reported a PAT of Rs 114 crore within the year-ago interval, ICICI Securities stated in a press release.
Bajaj Auto
Bajaj Auto on Wednesday reported 60.92 per cent decline in consolidated internet revenue to Rs 395.51 crore for the primary quarter ended June 30, with coronanvirus pandemic taking a toll on gross sales. The firm had posted a internet revenue of Rs 1,012.17 crore throughout the identical interval earlier fiscal.
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