Post Market Analysis 22-06-2021

Manoj Kumar June 22, 2021

Indian Stocks Market erases gains to end flat amid volatility on June 22, auto stocks gain. Sensex up by 14.52 points to 52,588.71. The Nifty up by 26.25 points to 15,772.75.

Indian rupee extended the early losses and ended near the day’s low at 74.36, amid volatile trade saw in the domestic equity market.

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Avanti Feeds: Company’s consolidated net profit was down 20% at Rs 69.7 crore versus Rs 87 crore and revenue was up 6.1% at Rs 1,098.1 crore versus Rs 1,035 crore, YoY.

MM Forgings: MM Forgings has posted net profit at Rs 34.1 crore versus Rs 3 crore and revenue was up 75.9% at Rs 293.3 crore versus Rs 166.7 crore, YoY.

Sun Pharma: The company has announced that they have reached an agreement with Celgene Corporation (Celgene), a wholly-owned subsidiary of Bristol Myers Squibb, to resolve the patent litigation regarding submission of an Abbreviated New Drug Application (ANDA) for a generic version of Revlimid® (lenalidomide capsules) in the US.

HPL Electric and Power: The company has received approval and production clearance from leading Private Distribution Company for the implementation of NB-IoT based Smart Meters in the part of National Capital, Delhi.

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Manoj Kumar June 22, 2021

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