Stocks to watch: Concord Biotech, Yatharth Hospital, Page Ind, Indus Towers, HDFC Life, ONGC, Jain Irrigation
Stocks to watch: Godrej Properties said its net debt had risen 45 per cent during the April-June period; Yatharth Hospital announced a huge jump in its PAT in its Q1 results; and HDFC Group launched its life insurance and asset management services.
Stocks to watch: Equity benchmarks, the S&P BSE Sensex, and the NSE's Nifty slumped on Thursday. Sensex fell 388.40 points, or 0.59 per cent, to settle at 65,151.02, while Nifty cracked 99.75 points, or 0.51 per cent, to settle at 19,365.25.
Auto, FMCG, bank, IT, financial services, and pharma stocks were under pressure amid weak global market sentiment following the Fed's release of minutes.
Among the major developments on Thursday:
- State-run oil giant ONGC announced it was investing Rs 1 lakh crore by the end of this decade in low-carbon energy opportunities.
- Godrej Properties said that its net debt had risen 45 per cent during the April-June period to Rs 5,298 crore from the previous quarter.
- HDFC Group launched its life insurance and asset management services at the International Financial Services Centre (IFSC) in Gujarat's GIFT City.
- Yatharth Hospital announced a jump in its profit after tax (PAT) in the first-quarter results.
- Carborundum Universal Ltd collaborated with drone maker IdeaForge Technology to jointly develop products to make drones lighter, stronger, and more durable.
- Motilal Oswal Alternates said that the company was targeting raising Rs 2,000 crore in a realty fund which will primarily lend to residential developers for buying land.
- GMDC increased the amount of a dividend it had already announced.
- Transindia Real Estate postponed its Q1 earnings to August 29; Veerhealth Care declared a bonus share of 1:1.
- Railway company IRCON released its annual report on Thursday, saying that as of March 31, its order book stood at Rs 35,195 crore.
- Nykaa Founder and CEO Falguni Nayar said in the company's earnings call that its gross merchandise value for the quarter was around Rs 26.7 billion, which is a 24 per cent year-on-year growth.
At around 8:00 AM on Friday, August 18, the GIFT Nifty futures traded 59.5 points lower, or 0.31 per cent at 19,309, suggesting a negative opening of the market.
ZeeBiz takes you through the shares that can be in focus on Friday, August 18, 2023.
Concord Biotech
Shares of the company are slated to list on bourses today.
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(With inputs from PTI)
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