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Nifty View:
Nifty has been rallying as we discussed so far. A bullishness towards 16,450 may be seen if Nifty managed to sustain above 16,350.
16,210 is a key level to be watched out for. So observe the nifty between 16,210 to 16,350.
With the buying of FIIs, the private sector banks were doing good in the last few days. Also, news about the Idea gave momentum to Reliance and Airtel. The news has affected PSU Banks Negatively.
All the major stocks have been rallying so watch for any profit booking.
Stocks in News:
MARUTI SUZUKI: Co. Reported a 58 % jump in July month production (YOY) To 1.70 lakh units
ADANI POWER Q1: Cons. Net Profit Up 2017 % To Rs 278 cr (QOQ), Rs 682 cr Loss YOY, Revenue Up 3 % To Rs 6568 cr (QOQ), Up 26 % YOY, EBITDA Up 2 % To Rs 1647 cr (QOQ), Up 19 % YOY
RIL to invest Rs 20 Cr in mobile phone manufacturing company Neolync as part of the 5G initiative.
CIPLA Q1: Cons. Net Profit Up 73 % To Rs 714 cr (QOQ), Up 24 % YOY, Revenue Up 19 % To Rs 5504 cr QOQ, Up 27 % YOY, EBITDA Up 69 % To Rs 1345 cr QOQ, up 28 % YOY.
Voda Idea Refuses to Comment On KUMAR MANGALAM BIRLA s Letter to Govt.
GUJRAT GAS Q1: Cons. Net Profit Up 36 % To Rs 476 cr (QOQ), Up 707 % YOY, revenue Down 12 % To Rs 3065 cr (QOQ), Up 177 % YOY, EBITDA up 21 % To Rs 672 cr (QOQ), up 261 % YOY
Dilip buildcon , NCC, other Infra: Sources say govt To give big Relief to Road construction companies Govt will give payment without delay to Road const. Co.
Major Corporate Results on 06.08.21:
- Mahindra
- Tata Power
- Sail
- Muthoot Finance
- Aarti Ind
- AU Bank
