On Tuesday, stock exchanges closed higher for a second consecutive session as the overall mood remains positive.
The S&P BSE Sensex ended the previous trading session over 380 points higher, while the Nifty 50 gained nearly 150 points.
Drug maker Cipla reported a consolidated net profit of over 7.5 per cent at Rs 712 crore in the second quarter, compared to Rs 661.85 crore in the corresponding quarter last year. The drug maker’s revenue from India operations grew 16 per cent to Rs 2,416 crore, as per a release by Cipla. The stock is likely to be in focus today after reporting strong earnings. At the time of publication, Cipla shares were trading marginally higher.
Bajaj Finance is another stock that is likely to create a buzz today as the company reported over 53 per cent year-on-year rise in net profit for the second quarter at Rs 1,480.99 crore, compared to Rs 964.88 crore in the same period last year. The company’s net interest income increased 28 per cent to Rs 5,335 crore during the quarter.
Zee Entertainment Enterprises (ZEE) is likely to be in focus today as the Bombay High Court granted interim relief to the group by restraining its single largest investor, Invesco Developing Markets Fund, from convening an extraordinary general meeting (EGM). It is a big relief for ZEE and all its other stakeholders. ZEE shares were down nearly 3 per cent at the time of publication.
Shares of Axis Bank are likely to be in focus as the company reported an all-time high quarterly profit of Rs 3,133 crore for Q2FY22, marking an 86 per cent year-on-year jump in comparison to Rs 1,683 crore in the same period a year ago. At the time of publication, shares of Axis Bank were trading over 4 per cent lower on the stock exchanges.
