As the earnings near the fag end, a plethora of companies are scheduled to release their second-quarter earnings in the week ahead. Divis Laboratories, FSN E-Commerce, Power Grid Corp of India, Adani Ports and SEZ, Apollo Hospitals, Bosch, Zee Entertainment Enterprises, LIC, Oil and Natural Gas Corp, Coal India, M&M, HAL, and Hindalco Industries are among the big names to watch out for.
During the quarter, FIIs raised their stake in at least 529 stocks, out of which a vast majority of 496 counters have given positive returns in the fiscal year and 95 have more than doubled investor wealth, shows ACE Equity data.
The Indian MoD has finalised a contract with state-owned shipbuilder Mazagon Dock Shipbuilders for the construction of a dedicated training ship for the Indian Coast Guard (ICG).
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Mazagon Dock Shipbuilders Limited (MDL) has delivered the third stealth destroyer of Project 15B Class guided missile destroyer, Imphal , to the Indian Navy, four months ahead of schedule. This warship is the first to have accommodation for women officers and sailors. It is armed with supersonic Brahmos and Barak-8 missiles, as well as anti-submarine weapons and sensors. The ship has completed all sea trials and is equipped with advanced automation systems. The indigenous content of the P15B class destroyers is 72%, reflecting the government s focus on the Atmanirbhar Bharat program.