HUL, ONGC and other stocks in news today

NEW DELHI: Trends in SGX Nifty indicate a positive opening for the Indian equity markets. The BSE Sensex rose 246 points to 54,768, while the Nifty50 jumped 62 points to 16,340 on Tuesday.
Asian markets rose on Wednesday after a sharp bounce in U.S. stocks overnight. The Nikkei 225 in Japan rose 2.13% and the Topix index gained 1.69%.
US stocks closed with sharp gains on Tuesday as more companies joined big banks in reporting earnings that beat forecasts, offering respite to investors worried about higher inflation and a tightening Fed denting the corporate bottomline.
India has cut a windfall tax on diesel and aviation fuel shipments by 2 rupees a liter, according to a government notification. New Delhi also cut the tax on domestically produced crude to 17,000 rupees a tonne, effective July 20.
On July 1, India had imposed the windfall tax on oil producers and refiners who boosted product exports to gain from higher overseas margins.
Stocks in news
Corporate results today:Wipro, IndusInd Bank, Havells India, Ceat, Century Plyboards, Gland Pharma, Syngene International, Tata Communications, Hathway Cable & Datacom, JSW Ispat Special Products, Lloyds Steels Industries, Mastek, Agro Tech Foods, MIC Electronics, Newgen Software Technologies, Oracle Financial Services Software, Rane Engine Valve, Reliance Industrial Infrastructure, Sagar Cements, Sasken Technologies, and Som Distilleries & Breweries will be in focus ahead of quarterly earnings on July 20.
Hindustan Unilever Ltd: Hindustan Unilever Limited (HUL) on Tuesday said its consolidated net profit grew by 13.85 per cent year-on-year to Rs 2,391 crore for the first quarter of the current financial year.
Vedanta: Mining giant Vedanta said that its board has approved the second interim dividend of ₹19.50 per equity share for the current financial year. The total payout would amount to Rs 7,250 crore.
Ambuja Cements: The cement player reported a 25.46 per cent fall in consolidated net profit at Rs 865.44 crore for the June 2022 quarter due to rising fuel prices and related inflationary impacts. The company had clocked a net profit of Rs 1,161.16 crore in the year-ago quarter.
Oil stocks like ONGC and RIL: India has cut a windfall tax on diesel and aviation fuel shipments by 2 rupees a liter. New Delhi also cut the tax on domestically produced crude to 17,000 rupees a tonne, effective July 20.
Telecom Stocks: India’s largest telecom operator Reliance Jio cemented its lead in the market as it gained over 31 lakh mobile subscribers in May. Bharti Airtel added 10.27 lakh subscribers in May and Reliance Jio gained 31.11 lakh wireless subscribers. Debt-ridden Vodafone Idea lost 7.59 lakh wireless subscribers.
Canara Bank: The state owned lender said it has raised Rs 2,000 crore by issuing Basel III compliant additional tier I bonds this month. The bank came out with the issuance of Rs 2,000 crore of additional tier-I bonds on July 15, 2022.
Ansal Housing: The mortgage lender HDFC said it has sold a portion of the shares of real estate firm which it had acquired by way of invocation after the housing construction company failed to pay its loan dues. Details about HDFC’s loan exposure to Ansal were not provided.
TV18 Broadcast: The media firm reported a 63.05 per cent decline in its consolidated net profit to Rs 60.02 crore for the first quarter ended on June 30, 2022. The company had posted a net profit of Rs 162.44 crore for the April-June period of the previous fiscal.
Network18 Media & Investments: The media and broadcasting firm reported a 67.52 per cent decline in consolidated net profit at Rs 39.46 crore for the quarter ended June 30, 2022.


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