Earnings today: A total of 1,007 companies, including Grasim Industries, Indiabulls Real Estate, IDBI Bank, and Wockhardt are scheduled to announce their June quarter earnings today.
ONGC: State-run Oil and Natural Gas Corporation (ONGC) posted 24.4 per cent decline in consolidated net profit for the first quarter of the financial year to Rs 7,043 crore compared to Rs 9,318 crore during April to June quarter of 2018-19, owing to lower crude oil production and realisation.
Manappuram Finance on August 13 reported a 36 per cent rise in its profit after tax (PAT) to Rs 272.23 crore on a consolidated basis during the first quarter ended June 30.
United Breweries: Revenues for Q1FY20 grew by 9.8 per cent YoY to Rs 2,050 crore while net profit declined by 26 per cent YoY to Rs 164.6 crore on higher depreciation and lower other income.
Amazon.com Inc. is in late-stage talks to acquire as much as 10 per cent of Future Retail Ltd Bloomberg reported Tuesday, as the US company moves to bolster its brick-and-mortar presence in one of the world’s fastest-growing retail markets.
HDFC Life: Standard Life is looking to sell up to 3.2 per cent in HDFC Life, the largest life insurer by market capitalisation through an offer for sale (OFS), said a report by The Economic Times.
As per news
reports, global brokerage firm CLSA has maintained 'outperform' rating with a target price of Rs 12,415.