Asia-Pacific markets, too, were exuberant in trade on Thursday morning as Australia's S&P 200 rose 0.6 per cent and South Korea's Kospi advanced 1.1 per cent.
Meanwhile, back home, here is a list of stocks that may see some action in trade on Thursday:
Tata Consumer Products: FMCG major posted 38.2 per cent rise in consolidated net profit to Rs 276.72 crore for the June quarter 2022-23 from Rs 200.24 crore crore, a year ago. Revenue from operations, too, surged 10.58 per cent year-on-year (YoY) to Rs 3,326.83 crore in Q1FY23. Despite a challenging macro environment, the management said that the company recorded market share gains in both tea and salt categories in India. READ MORE
Coal India: The state-run firm saw 178 per cent jump YoY in consolidated net profit to Rs 8,834 crore from Rs Rs 3,174 crore in the corresponding quarter of previous fiscal. Despite higher production and despatches, the miner was able to control total expenses to Rs Rs 23,985 crore in Q1FY23. READ MORE
Bank of Baroda: The public sector lender plans to raise the marginal cost of fund-based lending rates (MCLR) by 5-20 basis points (bps) across tenors. The interest rate hike comes after the Reserve Bank of India (RBI) raised the benchmark repo rate by another 50 bps to 5.40 per cent. READ MORE
IRCTC: The company reported a 196 per cent surge YoY in net profit to Rs Rs 246 crore in Q1FY23 as against Rs 82.5 crore in the year-ago period. Revenue from operations, on the other hand, rose 251 per cent to Rs 853 crore in Q1FY23 from Rs 243 crore in Q1FY22. READ MORE
Zomato: The food delivery platform plans to reach breakeven level in overall business by end of second quarter in FY24. The company trimmed their investment guidance to $320 million from $400 million. They expect food delivery business to aid adjusted Ebitda, asserting reduction in fixed costs as well.
Vedanta: In order to diversify operations across the natural resources spectrum, Vedanta CEO Anil Agarwal said that the company aims $100 billion revenue by 2030 and capex of around $3 billion over the next two years for growth and vertical integration.
Stocks in F&O ban: Balrampur Chini Mills and Delta Corporation were the stocks banned in the F&O ban period on Thursday, July 11.
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