Daily Snippets – 28 July 2022

The Markets Today in a nutshell

• The domestic equity benchmark ended with stellar gains.
• Indian equities extended their gains on positive global cues with the US Federal Reserve going for the expected 75 bps rate hike and buying across the sectors. Fed’s decision was as expected, while its comments dismissing the possibility of a recession and hinting at a slower pace of rate hikes boosted global sentiments.

Day Leader Board

Capital Flows

News you could use

?Bajaj twins rally on strong results
Bajaj Finserv surged 10.1% after the company’s consolidated net profit rose 57% to Rs 1,309 crore on a 14% rise in total income to Rs 15,888 crore in Q1 FY23 over Q1 FY22. Bajaj Finance zoomed 10.5% after the NFBC’s consolidated net profit surged 158.99% to Rs 2,596.25 crore on 37.66% jump in total income to Rs 9,282.71 crore in Q1 FY23 over Q1 FY22.

?SBI Cards stock price jumps post quarterly results
SBI Card registers a growth of 105.80% in net profit to ₹626.91 crore for the quarter ending June 30, 2022 (Q1FY23) compared to ₹304.61 crore of the same quarter last year.

?Dr Lal Pathlabs stock price declines as company report decline in profits
The company reported 56.4 percent fall in its June quarter (Q1FY23) net profit at Rs 58.2 crore versus Rs 133.7 crore and revenue was down 17.1% at Rs 502.7 crore versus Rs 606.6 crore, YoY.

News from the IPO world?

• Adani Capital planning IPO in 2024.
• Real estate data analytic firm PropEquity raises Es. 25 crore through IPO.
• Annapurna Swadisht file DRHP with SEBI for IPO.

Numbers? that matter