Post Market Analysis 25-06-2021

Manoj Kumar June 25, 2021

Indian Stocks Market end higher on sharp rebound in Financials and metals. Sensex up by 194.72 points to 52,893.72. The Nifty up by 69.90 points to 15,860.35.

Indian rupee ended near the day’s high at 74.21.

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Ashok Leyland: The company posted standalone net profit at Rs 241.1 crore in the fourth quarter of FY21 against a loss of Rs 57.3 crore in the year-ago period. Its standalone revenue was up 82 percent at Rs 7,000.5 crore versus Rs 3,838.5 crore in the year-ago quarter

Accenture: The Global IT consulting firm’s revenue rose to $13.3 billion in the quarter ended May 31 from $11 billion a year earlier. Accenture’s Q3 revenue growth at 21 percent year-on-year (YoY) was ahead of 14.2-17.8 percent guidance.

Mukand: The company has executed a Memorandum of Understanding (MoU) on June 25, 2021 for the sale of Freehold land of the Company admeasuring approx. 47 acres situated at Kalwe and Dighe, in Thane district for a consideration of Rs. 752.11 crore and have received an initial advance of Rs.10 crore.

RailTel Corp: has received a work order amounting to Rs. 89.09 crore (Inclusive of 18% GST) from Indian Air Force (AFNET) towards providing of Comprehensive Annual Maintenance Contract for the AFNET Equipment and Associated Items for the period of 2 years.

Shilpa Medicare: The company received an in-principle approval from Defence Research & Development Organisation (DRDO) to manufacture and sale of 2-Deoxy-D-Glucose (2DG).

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Manoj Kumar June 25, 2021

Fortune Capital Services Private Ltd. SEBI Registration No. INZ000201438. Member Code for NSE: 14572 BSE:6524 MCX: 16765 and ICEX: 2010. CDSL DP ID: 12080300 SEBI Registration No.IN-DP-CDSL-729-2014. Registered Office: Kochar Technology Park, 6th Floor, SP-31-A, 1st Cross Road, Ambattur Industrial Estate, Ambattur, Chennai – 600 058. For any complaints pertaining to stock broking please write to [email protected] and for DP related to [email protected] Please ensure to read the Risk Disclosure Document carefully as prescribed by SEBI.

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