Share Market News, Stocks to Track on July 23: Domestic equity benchmarks finished a choppy session largely unchanged on Tuesday as losses in energy and auto shares outweighed gains in consumer durables shares. The Sensex lost 13.5 points to end at 82,186.8 while the Nifty50 gave up 29.8 points to close at 25,060.9. Investors awaited more earnings from India Inc for domestic cues.
During the session, the 30-scrip index see-sawed within a more than 400-point range while the Nifty50 gyrated in a nearly 150-point range largely in the 25,050-25,200 band.
Volatility index India VIX–also known as the fear gauge–declined 4.0 per cent.
As investors await the next session on Dalal Street, here are a number of stocks that are set to be in focus on Wednesday.
Corporate earnings
Around 60 companies are slated to report their quarterly results on Wednedsay, including Infosys, Tata Consumer Products, Coforge, Bajaj Housing Finance, and Syngene.
Dividend stocks | Pidilite, Route Mobile, Novartis, Greaves Cotton…
A number of stocks are set to trade ex-dividend at the opening bell on Wednesday, including Greaves Cotton, KPR Mill, Nesco, Novartis, Pidilite, Route Mobile, Sonata Software, Precision Cramshafts, and Metal Coatings.
Mahindra Logistics rights issue
Mahindra Logistics is scheduled to trade ex-rights.
Tanla Platforms
Tanla Platforms shares are set to go ex-buyback.
Zensar Tech
The company’s consolidated net profit rose 3.4 per cent sequentially to Rs 182 crore for the quarter ended June 30. Its top-line increased from Rs 1,359 crore to Rs 1,385 crore.
Paytm
The digital payments firm registered a net profit of Rs 123 crore for the April-June period, in stark contrast to a net loss of Rs 839 crore a year ago. Its consolidated revenue rose from Rs 1,502 crore to Rs 1,918 crore.
Dixon Tech
The company’s net profit grew from Rs 134 crore to Rs 225 crore for the June quarter.
Its margin remained steady on a year-on-year basis, at 3.76 per cent.
CreditAccess Grameen
The lender’s June-quarter profit declined from Rs 398 crore to Rs 60 crore, while its net interest income declined from Rs 927 crore to Rs 906 crore.
