Stocks in news: Nykaa, TCS, Tata Elxsi, Glenmark Life, YES Bank, Siemens
Markets fell half a percent. TCS, Tata Elxsi, Anand Rathi Wealth, and Akme Fintrade Q1 results are in focus. Canada Pension Plan sold Nykaa shares at Rs 174 apiece. Glenmark promoters to sell a 7.85% stake. Moody's affirmed YES Bank's Ba3 rating. Siemens and RVNL won the Bangalore Metro Rail Corp project. Kesoram posted a Rs 62 crore Q1 loss.
Markets fluctuated sharply within a range and ended up losing nearly half a percent on Wednesday, wiping out the gains from the preceding session. In today's trade, shares of , , , , , among others will be in focus due to various news developments and first quarter results.TCS, , Akme Fintrade
Shares of TCS, Anand Rathi Wealth and Akme Fintrade will be in focus today as the companies will announce their first quarter results.
Nykaa
Canada Pension Plan Investment has offloaded partial stake in Nykaa through block deals on Wednesday. The foreign investor has sold 1.47 crore shares or 0.5% equity in the company at Rs 174 apiece.
Tata Elxsi
Tata Elxsi on Wednesday reported a 3% fall in its net profit at Rs 184 crore for the first quarter ended June 2024.
YES Bank
Moody's Ratings has affirmed private lender YES Bank’s Ba3 long-term foreign currency and local currency ratings.
Siemens
Siemens, as part of a consortium along with , has secured an order from Bangalore Metro Rail Corp for electrification of Bengaluru Metro phase two project.
Kesoram Industries reported a net loss of Rs 62 crore for the first quarter, which has widened from Rs 32.4 crore posted in the last year period.
Glenmark Life
Promoters and Glenn Mario Saldanha to sell 7.85% stake in Glenmark Life through an offer for sale (OFS).
Zee Media
Zee Media has appointed Karan Abhishek Singh as Chief Executive Officer of the company with effect from July 10.
Source: Stocks-Markets-Economic Times
