Major June quarter earnings are lined up for this week. Tata Steel, Bajaj Auto, Asian Paints, SBI Life Insurance Company, Tata Motors, Larsen & Toubro, Tata Consumer Products, Bajaj Finance, Tech Mahindra, Dr Reddy s Laboratories, Cipla, Axis Bank, Nestle India, Bajaj Finserv, among others will declare their Q1 earnings.
KEC International Limited announced that Mr. G. L. Mirchandani, independent director has vide his letter dated July 15, 2023, resigned from the board of directors of the company with immediate effect.
BSE SmallCap index saw a significant surge as multiple stocks achieved new 52-week highs on July 14. Companies like Birlasoft and Can Fin Home demonstrated their market strength, while CCL Products, Esab India, Exide Industries, Great Eastern Shipping, Glenmark Pharma, JBM Auto, and KEC International also achieved notable milestones. These updates were from BSE at 1:40 pm and may have a lag in real-time data.
Adani Wilmar has delivered strong double-digit volume growth at 25% for the first quarter ended June. However, sales declined 15%, mainly due to sharp drop in edible oil prices.