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Stocks To Watch In Trade Today (August 4, 2021):Bharti Airtel,Tata Consumer Products,Adani Enterprises

Tata Consumer Products net profit fell 42.1 per cent to Rs 200.2 crore in Q1FY22 The domestic markets surged to record highs on Tuesday on hopes of faster economic recovery as various macro-economic indicators pointed to demand revival in the economy. The NSE Nifty climbed 245.60 points or 1.55 per cent to close above the 16,000 mark at an all-time high of 16,130.75 and the BSE Sensex surged 872.73 points or 1.65 per cent to settle at a record high of 53,823.36. And the momentum is likely to continue on Wednesday. Trends on SGX Nifty indicate a positive opening for the Nifty, with a 48 points gain. At 7:30 am, the Nifty futures were trading at 16,213, higher by 48 points or 0.37 per cent, on the Singapore Stock Exchange.

02Aug2021 Market Close: Stocks, Bond Yields, And Crude Tumble As ISM Peaks, DOW Closes Down 97 Points, Nasdaq Flat +0 06%, WTI Crude 71 39, Bitcoin Lower 38900

02Aug2021 Market Close: Stocks, Bond Yields, And Crude Tumble As ISM Peaks, DOW Closes Down 97 Points, Nasdaq Flat +0 06%, WTI Crude 71 39, Bitcoin Lower 38900
econintersect.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from econintersect.com Daily Mail and Mail on Sunday newspapers.

ipo: Adani Wilmar files DRHP for Rs 4,500 crore IPO

Kotak Mahindra Capital, ICICI Securities, JP Morgan, Bofa Securities, Credit Suisse, HDFC, and BNP Paribas are bankers to the issue. Adani Wilmar’s listed competitor Ruchi Soya’s is planning a follow-on public offer of about Rs 4,500, which may hit the primary market later this month. Adani Wilmar, formed in 1999, is a joint venture between Adani Enterprises and Wilmar Group (Singapore). It focuses on oilseed crushing, edible and non-edible oils, oleochemical products, manufacturing and trading of agro products like rice, pulses, wheat flour, soya nuggets, and sugar. Adani Wilmar’s revenue in FY21 was Rs 37,182 crore, up 25% from the previous year. According to its latest annual report, its earnings before interest, taxes, depreciation, and amortisation were Rs 1,430 crore in FY21.

Adani Enterprises share price: Stocks in the news: Adani Enterprises, HDFC, Bharti Airtel, PNB and NMDC

Adani Enterprises: Business conglomerate Adani Group s edible oil firm Adani Wilmarfiled draft papers with markets regulator Sebi to launch its initial public offer (IPO) to raise up to Rs 4,500 crore for funding its expansion. It is a wholly owned subsidiary of Adani Enterprises. Punjab National Bank: The state-owned lender reported over three-fold jump in its standalone net profit to Rs 1,023.46 crore for the first quarter ended June 30, mainly due to fall in operating expenses and good recovery. The bank had posted a net profit of Rs 308.45 crore in the same quarter last year. NMDC: The state-owned miner said its iron ore production rose by 3.6 per cent to 11.96 million tonne (MT) during the April-July period of the ongoing financial year. The company had produced 8.80 MT of iron ore during the corresponding period of 2020-21.

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