Share Market News July 26: Nestle India, Bandhan Bank, SBI Card, Cipla, other stocks to track on Friday
Share Market Today July 26: Domestic equity benchmarks have fallen for five days in a row, amid selling in financial and energy stocks although buying in index heavyweights such as Tata Motors and Larsen & Toubro limited the downside. Here is a list of stocks that are set to be in focus on July 26, including Nestle India, Cipla, SBI Card, and JK Tyre.
Share Market Today July 26: At around 8:13 am, GIFT Nifty futures traded higher by 0.07 per cent or 16.1 points at 24,471.5, indicating a subdued opening on the D-Street. Domestic equity benchmarks Nifty50 and Sensex continued to fall for the fifth session in a row on Thursday, July 26, amid selling pressure in financial and FMCG stocks although buying in auto and select infra stocks like L&T lent some support. The Sensex ended 109.1 points lower at 80,039.8 while the Nifty50 settled at 24,406.1, down 7.4 points from its previous close, recovering much of their intraday losses for a third straight session after the finance minister unveiled the Narendra Modi 3.0 government's first Union Budget.
Here's a list of stocks that are set to be in focus on July 26, including Nestle India, Cipla, Bandhan Bank, JK Tyre, SBI Card and Power Grid.
Vedanta board meeting
Vedanta's board is scheduled to meet on Friday to consider a dividend.
SBI Card, Cipla, IndiGo, Power Grid, Bandhan Bank to report earnings on July 26
Around 70 companies are scheduled to report their quarterly numbers on Friday, including Cipla, Power Grid, SBI Card, Shriram Finance, Bandhan Bank, Sanofi India, Punjab & Sind Bank, InterGlobe Aviation, Nuvama Wealth Management, Latent View, Equitas Small Finance Bank, TTK Prestige, and Cholamandalam Investment and Finance Company.
Dividend Stocks
RBL Bank, Sobha, Power Finance Corp, JK Tyre, CreditAccess Grameen, and Zydus Lifesciences are among around 50 stocks slated to trade ex-dividend on Friday.
KEC International board meeting
KEC International's board is slated to meet on July 26 to consider raising funds.
Power Grid Q1 results due on Friday; here is what to expect
According to Zee Business research, Power Grid is estimated to register a 2.4 per cent increase in revenue to Rs 11,317 crore for the April-June period, owing to robust demand for power in peak summer months.
MGL Q1 results beat Street estimates
MGL has registered a positive set of quarterly numbers with 120 bps growth in its margin to 26.3 per cent for the April-June period.
AU Small Finance Bank
AU Small Finance Bank has reported a mixed set of results.
All eyes on ITC
ITC's 113rd annual general meeting (AGM) is scheduled to begin at 10:30 am.
Mankind Pharma in focus
Mankind Pharma has entered a definitive agreement to fully acquire Bharat Serums and Vaccines (BSV) from private equity firm Advent International at an enterprise value of Rs 13,630 crore.
DLF Q1 results miss Street estimates
DLF has registered a 1.2 per cent rise in its net profit to Rs 644.7 crore for the quarter ended June 30.
Zee Business analysts had pegged the real estate company's quarterly net profit at Rs 669 crore.
Tech Mahindra Q1 results exceed Street expectations
IT major Tech Mahindra has logged a better-than-expected set of financial results for the April-June period.
Its June-quarter net profit has increased 28.9 per cent sequentially to Rs 852 crore. According to Zee Business research, the IT firm was estimated to register a net profit of Rs 830 crore.
What to expect in IndiGo earnings?
According to Zee Business research, InterGlobe aviation is estimated to log 5.0 per cent sequential growth in revenue to Rs 18,718 crore for the June quarter.