Stocks to watch: HCL Tech, Eureka Forbes, HFCL, Ahluwalia Contracts

0

Here is the list of the ten main actions that will be in the spotlight today:

HCL technologies: The IT services company will release its April-June quarterly results today. The Street expects HCL to see a 3.6% QoQ increase in revenue, while earnings could fall by 8.2%. The company is expected to maintain its revenue growth of 12-14% and its EBIT margin range of 18-20%, analysts said. The Noida-based company recorded a net profit of 3,593 crore for the March quarter, up 24% from a year earlier. March quarter revenue increased 15%.

Eureka Forbes: The company’s board of directors, at its meeting on July 11, approved the appointment of Pratik Pota as chief executive officer and managing director of the company, for a term of five years from August 16.

HFCL: The company received purchase orders totaling 59.22 crores from one of the leading private telecom operators in the country for the provision of services to deploy their fiber to the home (FTTH) network and their long-haul fiber network in various telecom circles.

Mangalore Refinery and Petrochemical: The company’s Board of Directors will meet on July 15 to discuss/decide on the way forward to comply with the minimum public shareholding requirements by issuing a new public offer, a preferential issue, a placement in qualified institutions, etc in the manner specified by SEBI from time. at the time.

Coal India: The state-owned company is working to switch from gas-guzzling vehicles at its sites, including heavy earth-moving machinery, to electric vehicles (EVs). The transition plan also includes Coal India subsidiaries, two people with knowledge of the developments told Mint.

Ahluwalia Contracts: The company has obtained the new order for the construction works of Amity Campus Bengaluru, involving approximately 150 crores from the Ritnand Balved Education Foundation. The total order inflow of the company in the financial year 2022-23 stands at Rs 863 crore.

Satin Creditcare: The board of directors of the company at its meeting approved the proposal to raise funds through the issuance of NCDs until 5,000 crore on a private placement basis, in one or more tranches, within one year from the date of shareholder approval.

Bank of Baroda: The state-owned bank raised the marginal cost of funds-based lending rate up to 0.15% for certain loan maturities with effect from Tuesday. The one-year MCLR, the benchmark for most consumer loans such as auto, home and personal loans, was revised up to 7.65% from 7.50% currently.

Capital 5paisa: The company reported 2.6% year-over-year growth in consolidated profit at 7.39 crores in the quarter ended June. Operating revenue increased 40% year-on-year to reach 84.03 crores in the quarter.

Dhruv Consulting Services: The company has received a letter of acceptance from the government of Rajasthan for independent engineering services during the development and operation of the Sikar-Bikaner section of NH-11 through a public-private partnership. The fees for independent engineering services for the project will be 4.14 crore, excluding tax, and the contract term is 36 months.

To subscribe to Mint Bulletins

* Enter a valid email

* Thank you for subscribing to our newsletter.

Share.

About Author

Comments are closed.