Daily Snippets – 3 August 2022

The Markets Today in a nutshell

• The domestic equity benchmark ended with gains amid a volatile session.
• The market has rebounded strongly with a turn in the trajectory of foreign investor flows–the last four sessions have seen FPI inflows of nearly $1 billion. A perceived pivot in the Fed’s tightening cycle and cooling off of crude oil prices have made the macro environment more favourable for India.

Day Leader Board

Capital Flows

News you could use

?Voltas scrip ended in red with a 10.5% fall
Voltas reported a 10.52 percent fall in its Q1FY23 consolidated net profit at Rs 109.62 crore as against Rs 122.4 crore it recorded a year back. The revenue from operations rose 55 percent to Rs 2,768 crore against Rs 1,785.20 crore on-year. CLSA has kept the ‘sell’ rating.

?Adani Power profit grows 17-fold YoY; revenue jumps 109%
Adani Power reported a 17-fold year-on-year (YoY) increase in consolidated profit at Rs 4,780 crore for the June FY23 quarter, backed by a healthy top line, other income, and operating performance. The growth on sequential basis was 2.9 percent.

?Indigo loss narrows down to Rs. 1,064 crore
Indigo reported a narrowing of losses to Rs 1,064.30 crore in the June quarter compared with a loss of Rs 1,681.80 crore in the March quarter. Headwinds caused by depreciating rupee and higher fuel prices led to losses.

News from the IPO world?

• EaseMyTrip is one the rare tech IPOs which have turned a multibagger.
• ECGC expects listing process to complete by Q4.

Numbers? that matter