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Stock Market | FinancialContent Business Page

Stock Market | FinancialContent Business Page
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Stocks in news: TCS, Avenue Supermarts, Delta Corp, Coal India and more

Stocks in news: TCS, Avenue Supermarts, Delta Corp, Coal India and more
Stocks in news: TCS, Avenue Supermarts, Delta Corp, Coal India, Union Bank, Texmaco Rail & Engineering and more
Stocks in news: TCS, Avenue Supermarts, Delta Corp, Coal India, Union Bank, Texmaco Rail & Engineering and more
BusinessToday.In
Updated Jul 09, 2021, 9:56 AM IST
Sensex and Nifty opened lower today amid weak Asian markets. While Sensex was trading 317 points lower at 52,254, Nifty lost 81 points to 15,646.
On Thursday, benchmark indices ended in the red in line with negative global cues. Sensex slumped 486 points as rising cases of the COVID-19 Delta variant in multiple countries and hawkish comments from the US Federal Reserve spooked investors. The 30-share index ended 485.82 points lower at 52,568 and Nifty dropped 151.75 points to 15,727. ....

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TCS, Tata Steel, Bharat Dynamics to be watched

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 ....

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Elgi Equipments forms JV - Gentex Air Solutions LLC in USA

Elgi Equipments forms JV - Gentex Air Solutions LLC in USA
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Elgi Equipments Ltd's subsidiary in USA forms JV company Gentex Air Solutions, LLC

Elgi Equipments Ltd's subsidiary in USA forms JV company Gentex Air Solutions, LLC
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