RIL, Infosys, Axis Bank, Tata Steel, Tech M and others

Indian stocks closed higher last session, extending their winning streak to the sixth consecutive session as the bulls gained momentum. Benchmark equity indices are gradually picking up milestone after milestone, with Nifty rising from its 52-week low of 15,190 reached in June to 16,700 levels on July 22.

On Friday, the BSE Sensex stood at 56,072, up 390 points, while the Nifty50 consistently traded above the 200-day exponential moving average and rose 114 points to close at 16,719. , bringing the total recovery to 10% from the 52-week lows.

Results today

Axis Bank, Tata Steel, Tech Mahindra, Canara Bank, Macrotech Developers, KPIT Technologies, Aether Industries, Anupam Rasayan India, Aurionpro Solutions, Central Bank of India, Century Textiles & Industries, Chennai Petroleum Corporation, Craftsman Automation, Glaxosmithkline Pharmaceuticals, Indian Energy Exchange, IIFL Wealth Management, Jindal Stainless, Jyothy Labs, Lakshmi Machine Works, Orient Electric, RattanIndia Power, Sharda Cropchem, Sterlite Technologies, Tanla Platforms, Tatva Chintan Pharma Chem and Tejas Networks will be in focus ahead of quarter results from June to July 25.

Trust Industries

The company owned by billionaire Mukesh Ambani posted strong operational and financial performance across all of its businesses for the quarter ended June 2022, with the highest-ever quarterly revenue for the O2C (petroleum-chemicals) business in a volatile environment, and the best quarterly revenue ever for Reliance Retail and Jio Platforms. The company reported 41% year-on-year growth in consolidated profit after tax to Rs 19,443 crore in the first quarter of FY23, and gross revenue increased by 53% to Rs 2.42 982 crore for the quarter year-on-year, while EBITDA for the quarter at Rs 40,179 crore was 45.8% higher.


The country’s second-largest private sector lender reported a 50% year-on-year growth in its autonomous profit to Rs 6,905 crore for the quarter ended June 2022 as provisions for bad debts fell sharply from one year to the next. Net interest income increased by 20.8% to Rs 13,210 crore from Rs 10,936 crore in the same period last year, with advances growing 21% and an increase 13% of deposits year-on-year. Asset quality improved on a sequential basis.

Kotak Mahindra Bank

The bank posted a 26.1% year-on-year increase in its autonomous profit to Rs 2,071.15 crore for the quarter ended June 2022, helped by lower provisions for bad debts, with a improvement in asset quality. Net interest income rose 19.2% year-on-year to Rs 4,697 crore for the quarter.

Yes Bank

YES Bank reported a 50.17% year-on-year growth in profit after tax to Rs 310.63 crore for the first quarter of FY23, with a significant drop in provisions for bad debts and an increase in net interest income. Net interest income for the quarter rose 32% year-on-year to Rs 1,850 crore, with credit growth of 14% year-on-year and an 18% increase in deposits.


The public natural gas company said the board will hold a meeting on July 27 to consider issuing free shares. Accordingly, the trading window for trading in GAIL securities for Designated Persons and their next of kin will remain closed until approval of financial results for the quarter ended June 2022.

JSW Steel

The steel company posted an 86% year-on-year drop in consolidated profit to Rs 839 crore for the quarter ended June 2022, impacted by weak operational performance. Operating expenses were higher, including the cost of inputs, the financial cost, and the cost of electricity and fuel. Revenue increased by 32% to Rs 38,086 crore in the year-on-year quarter.

India pellets

The US FDA has completed an inspection of Granules Pharmaceuticals Inc facilities, with six observations. Granules Pharmaceuticals Inc is a wholly owned foreign subsidiary of the company located in Virginia, USA, and the USFDA inspection of said facility was completed on July 22.


The telecommunications equipment and fiber optic solutions provider saw a 42% drop in year-on-year profit to Rs 53 crore for the quarter ended June 2022 impacted due to billing overflow services followed by the non-availability of the required infrastructure on the client side and also the continued shortage of semiconductors. Revenue was down 13% to Rs 1,051 crore over the same period, but exports were up 167% year-on-year, with a strong backlog worth over Rs 5,300 crore. rupees in June 2022.

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