On Monday, May 30, the SGX Nifty futures were up 0.76 percent to 16,461, signaling a positive start for the Indian market. The primary indices of the Indian stock markets, the Sensex and Nifty, increased by more than 1% on Friday, driven by robust buying support in firms related to IT, banking, and capital goods. The 30-stock S&P BSE Sensex increased by 632.13 points, or 1.17 percent, to close at 54,884.66 points as opposed to 54,252.53 points the day before. The National Stock Exchange's Nifty 50 index, which is more inclusive, closed 182.30 points, or 1.13 percent, higher than it had the previous session, at 16,352.45 points.
Today's earnings announcements are anticipated from Aurobindo Pharma Ltd., Campus Activewear Ltd., Dish Tv India Ltd., Indian Railway Catering And Tourism Corporation Ltd., Jindal Steel & Power Ltd., Jubilant Foodworks Ltd., Life Insurance Corporation Of India, Monte Carlo Fashions Ltd., Nbcc (India) Ltd., Spicejet Ltd., and Sun Pharmaceutical Industries Ltd.
FSN E-Commerce, which operates under the Nykaa brand, announced on Friday that new investments primarily caused a fall of roughly 57% in its consolidated earnings to Rs 7.57 crore for the fourth quarter ended March 2022.
State-owned Oil and Natural Gas Corporation (ONGC), which became India's second most profitable company behind Reliance Industries Ltd., reported a record net profit of Rs. 40,305 crores in the fiscal year that ended on March 31 thanks to the highest price it has ever received for the crude oil it produces. According to a statement from ONGC, net profit for the fiscal FY22 (April 2021 to March 2022) increased by 258% to Rs 40,305.74 crore from Rs 11,246.44 crore the year before.
Mahindra & Mahindra Ltd
For the quarter ending March 2022, the automaker's standalone earnings increased 17% year over year (YoY), to Rs 1,167 crore.
Adani Green Energy Ltd
A 390 MW wind-solar hybrid power plant in Rajasthan has been commissioned by Adani Hybrid Energy Jaisalmer One Limited (AHEJOL), a subsidiary of the green energy division.
The IndiGo airline was fined five lakh rupees by the Directorate General of Civil Aviation (DGCA) for refusing to let a special child with limited mobility board a flight from Ranchi on May 7.
In comparison to the same period last year, when Glenmark Pharmaceuticals Limited posted a net consolidated profit of Rs 234 crore, this quarter's figure was down 26% to Rs 172.6 crore, the company said on Saturday.
Oil India Limited (OIL) reported a net profit of Rs 3,887.31 crore for the fiscal year that ended in March 2022, up 123.20 percent from the profit of Rs 1741.59 crore the prior year. Speaking to ANI, SC Mishra, CMD of Oil India Limited, claimed that rising crude oil and gas prices were one of the causes of the record profit.
United Spirits Ltd. (USL), a liquor producer under the aegis of Diageo, on Friday reported a 12.14% reduction in its consolidated net profit for the fourth quarter that ended in March, falling to Rs 178.6 crore as margins were hurt by rising inflation.
JSW Steel Limited announced on Friday that its combined net profit for the three months ended in March 2022 was Rs 3,234 crore, 23% less than the Rs 4,198 crore earned during the same period the previous year.
For the fourth quarter that ended in March 2022, Arvind Fashions Ltd. declared a consolidated net profit of Rs. 22.38 crore on Friday. In the same quarter of the previous fiscal year, the firm reported a combined net loss after tax of Rs 99.45 crore, according to a regulatory filing by Arvind Fashions Ltd.