Stocks in News: HCL Tech, Delta Corp, Anand Rathi, Mindtree others may show action today – Here's why

The Indian markets on Tuesday closed lower for the second straight session. BSE Sensex slipped over 500 points and Nifty50 settled at key support of 16050 levels. Most of the sectoral indices closed in the red, down over 1 per cent – Metal, IT, and Financials lead the decline. 

From Q1 results to the ex-date of dividend and bonus, the domestic market to witness the action in stocks like HCL Tech, Delta Corp, Anand Rathi, MGL, Mindtree, and Shree Cement among other counters. 

Stocks in News 

HCL Tech – Company reported lower than expected earnings in Q1FY23, Revenue grew by around 4 per cent but margins under pressure by 17 per cent from 18 per cent, while profit dipped by 8.6 per cent sequentially. 

Delta Corp – Company has turned profitable on YoY basis, company’s revenue grew by 230 per cent, while its profit jumped to Rs 57 crore from loss of Rs 29 crore YoY. 

Anand Rathi – Company reported strong results on all fronts, as revenue grew by 35%, margins stable, and profit up by 34 per cent YoY. 

Sterling and Wilson – Company reported weak earnings as revenue flattish, loss widened to Rs 354 crore from Rs 76 crore YoY.  

MGL – Company took price hike in CNG by 4/kg and PNG up by 3/80m.

IndiGo – Company is in talks with technical staff after cabin crew regarding mass sick leave, it has also written to airlines workers association ensuring they will resolve all issues of employees and from August 1, 2022, technical staff’s salary will come to pre-covid levels. 

Results today – Mindtree, Tata Metaliks,  

Ruchi Soya – Company’s name to be changed to Patanajali Foods from today.

Hind Zinc – Company’s board to meet for interim dividend discussion. 

Ex-dividend – Shree Cement at Rs 45 and VST Industries at Rs 140. 

PC Jeweller – Stocks’ price band changed to 10 from 20 per cent.