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Nifty View:
By forming an insider candle on Friday Nifty took a brief pause on Friday may indicate a cool-off before a rally ahead.
Global cues showing a positive bias, which may give a positive momentum. Almost all the important quarterly results are already out, only a few are left in Nifty 50.
Watch for 16,050-16,150 to act as strong support, 16.310 will be a key resistance to be watched out for.
Coming days sector-specific moves may be seen. Also, watch for profit bookings at the heights.
Last week 4 IPOs hits the market and upcoming week we will witness 5 IPOs.
Stocks in News:
Paper stocks, Kokyo Camlin , Navneet Edu : Schools to partially open for class X and XII students in Delhi from August 9; Students can visit their schools for admission related work including counseling/guidance and practical activities related to board exams: Delhi Disaster Management Authority.
Voda Idea: After both promoters indicated that they would not provide further equity to Vodafone Idea, bankers are closely watching what happens next with the telco.
QUICK HEAL TECH Q1: Cons. Net Profit Down84 % to Rs 6.18 cr QOQ, 75 % Down YOY, Revenue down 48 % To Rs 54 cr ( QOQ), Down 25 % YOY, EBTDA Down 90 % To Rs 5.19 cr ( QOQ), down 84 % YOY
DELTA CORP: Goa Reopens As covid cases declines
Jk Tyre Q1: Cons. Net Profit Of Rs 46.3 cr V Rs 198 Cr Loss (QOQ), Down 75 % YOY, Revenue Up 131 % To Rs 2608 cr (QOQ), Down 11 YOY, Ebita Of Rs 278 cr V Rs 3.8 cr Loss (QOQ), down 39 % YOY
ONMOBILE Q1: Cons. Net Profit Up 10 % To Rs 16.4 cr ( QOQ),Up 36 % YOY, Revenue Down 2 % to Rs 128 cr QOQ, down 9 % YOY, EBITDA down 5 % to Rs 14.28 cr QOQ, down 28 % YOY.
Major Corporate Results on 09.08.21:
- Shree Cem
- Astrazeneca
- Balrampur Chini
- Birla Tyres
- Gati
- MRF
- Reliance Power
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