RIL share trades lower post Q1 results; here s what brokerages say 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.
We expect volatility to remain high due to the scheduled derivatives expiry of July series. The earnings season will gain pace and prominent names will announce their numbers during the week, said Ajit Mishra, VP Research, Religare Broking. Besides, the update on the global COVID situation and US Fed meeting outcome on July 28 will be in focus, he added, advising limited leveraged positions.
In the BSE 500 index, 390 stocks ended the week on a negative note while the rest closed with gains. Over two dozen counters registered double-digits gain during the week.
Here are 10 stocks that buzzed the most during the week:
RIL net profit falls 7% to Rs 12,273 cr in Apr-Jun 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.
Bajaj Finserv, Bajaj Finance:Bajaj Finserv reported an over 31 per cent YoY decline in consolidated net profit at Rs 833 crore for the first quarter ended June 2021. Meanwhile, Bajaj Finance posted a 3 per cent YoY decline in net profit to Rs 843 crore for the same quarter.
IDFC, IDFC First Bank: The Reserve Bank of India has allowed IDFC to exit the IDFC First Bank after the expiry of the lock-in period of 5 years.
Allcargo Logistics: The promoter and promoter group of Allcargo Logistics has announced a plan to acquire all the equity shares held by public shareholders and voluntarily delist from the stock exchanges by making a delisting offer under the delisting regulations of the stock market regulator SEBI.
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