Pre Market Analysis 23-07-2021

SGX Nifty futures edged up 0.18% 15,728.50 on Friday, pointing to a flat-to-positive opening on Dalal Street.

India VIX fell 10% to settle at 11.88 level on Thursday. 

Asian shares were lower on Friday on concerns over the spreading of coronavirus loomed again, while US stock indices closed slightly higher. 

FII/DII trading activity on 22-07-2021 (Thursday)

Category

Buy Value

Sell Value

Net Value

FII/FPI

8329.28

8576.87

-247.59

DII

6386.46

5443.91

942.55

All numbers are in INR crore

Upcoming Earnings

Companies reporting results today are Relaince Industries, Ambuja Cements, Federal Bank, Panacea Biotec, JSW Steel, Majesco, SBI Cards, Symphony, United Spirits and Yes Bank. 

Stocks In News Today

ICICI Lombard: The general insurer’s net profit fell to Rs 151.63 crore in the first quarter of FY22, from Rs 398 crore in the year-ago period. On year-on-year basis, its total income rose to Rs 3,246.90 crore in the quarter, from Rs 2,729.67 crore. The company reported an underwriting loss of Rs 508.16 crore in the quarter, as against an underwriting profit of Rs 38.16 crore in the year-ago period.

 

Mphasis: The IT firm’s operating revenue increased 17.5% to Rs 2690.8 crore in Apr-Jun quarter of FY22, from Rs 2288.2 crore in the corresponding quarter of FY21. Its consolidated net profit grew 23.4% to Rs 339.6 crore in the quarter, from Rs 275.1 crore in the year-ago period. The company’s EPS rose to Rs 18.16 in the quarter, from Rs 14.75 in the same period last year.

 

Persistent Systems: The technology firm’s consolidated net profit soared 68% to Rs 151.2 crore for the quarter ended June of FY22, from Rs 90 crore in the same quarter of FY21. Its operating revenue rose 24.1% to Rs 1229.9 crore in Q1, from Rs 991.3 crore in the year-ago period. The company’s CEO Sandeep Kalra said it acquired SurelineSystems to bolster cloud capabilities.

 

Indiamart: Business-to-Business online commerce platform reported a rise of 19% in its consolidated net profit at Rs 88 crore for Apr-Jun quarter, against Rs 74 crore in the corresponding quarter last year. The company’s sales improved 19% to Rs 182 crore in the quarter, compared with Rs 153 crore in the year-ago period.