Here are the top stocks to track in today s session:
Results today: A total of 15 companies, including Delta Corp, Suryavanshi Spinning Mills, and Vikas Lifecare are set to release quarterly earnings on Friday.
TCS: Tata Consultancy Services (TCS) Q1 FY22 performance missed estimates even as the net profit jumped 28.5 per cent YoY to Rs 9,008 crore and revenue rose 18.5 per cent YoY to Rs 45,411 crore. According to Bloomberg poll, analysts were estimating revenue of Rs 45,767.5 crore and net profit of Rs 9,391.9 crore for the quarter gone by.
Bharat Dynamics: The company signed a contract worth about Rs 499 crore with Ministry of Defence for manufacture and supply of Akash Missiles to the Indian Air Force.
Bharat Dynamics (BDL) has signed a contract worth about Rs.499 crore with Ministry of Defence for manufacture and supply of Akash Missiles to the Indian Air Force.
The company has bagged new orders worth about Rs.2803 crore (including taxes) during the FY 2020-21 which includes Anti - Tank Guided Missiles order worth about Rs.1820 crore and Surface to Air Missiles order worth about Rs.793 crore.
With the present contract signed for supply of Akash to Indian Air Force, the order book position now stands at about Rs.8683 crore.
The company is also aiming to expand its footprints in the international market by offering Air to Air Missiles, Anti-Tank Guided missiles, underwater weapons and Counter Measure Systems in addition to Akash Missiles to friendly countries.
Bharat Dynamics Limited (BDL) on Thursday signed a contract worth about Rs 499 crore with the Ministry of Defence for the manufacture and supply of Akash missiles to the Indian Air Force (IAF). According to a press release, the contract was signed by Air Commodore Ajay Singhal, Air Commodore, Guided Weapons Maintenance on behalf of Indian Air Force and Commodore T N Kaul (Retd), Executive Director (Marketing) on behalf of BDL in the presence of Radhakrishna, Director (Production), BDL at New Delhi today. CMD, BDL Commodore Siddharth Mishra (Retd) stated that BDL is supplying Akash Missiles to the Indian Army and Indian Air Force. With the announcement from the Union Cabinet regarding clearance of Akash Weapon System for Export, the Company is exploring offering Akash for export to foreign countries. BDL has already received export leads from some countries expressing interest in procuring the Missile. The Company has a well-established infrastructure and expertise to execute thes
Tata Consultancy Services (TCS) reported 2.57% fall in net profit to Rs 9008 crore on 3.9% rise in revenue to Rs 45,411 crore in Q1 June 2021 over Q4 March 2021.
Rajesh Gopinathan, Chief Executive Officer and Managing Director, said: Given the variants of the virus and fears of a potential third wave, we are watchful of the emerging situation and remain optimistic of the opportunities in our core markets and verticals. We are well positioned and operating diligently to participate in them aggressively.
Tata Steel said that ratings agency CARE has upgraded long term credit rating on the company to AA+ from AA and the outlook to Stable from Negative. The revision in rating and outlook assigned to the instruments of Tata Steel factors in the improvement in performance witnessed during FY21, sequentially from Q2-FY21 onwards, particularly in Indian operations, on the back of revival in demand and increased steel prices leading to substantial cash flow generation and sizeable delevera
Bharat Dynamics to supply Akash Missiles to Indian Air Force; stock gains 7% businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.