Overnight Digest: Stock to look out on July 22
The stocks to look out on July 22 include Dabur India, NHPC, Deepak Fertiliser and Petrochemicals, L&T Technology Services and RBL Bank.
Dabur India: For Q1FY20, the company reported an increase of 10.3 per cent YoY in the consolidated net profit and increase by 9.3 per cent YoY in consolidated revenue.
NHPC Limited: Cabinet Committee on Economic Affairs (CCEA) approved the company's expenditure of Rs. 1,600 crore for pre-investment activities and gave various clearances for its Dibang Multipurpose Project (2880 MW) in Arunachal Pradesh.
Deepak Fertiliser and Petrochemicals Corporation Limited: The company sold 75 per cent of its holding which is 25 per cent of share capital in Desai Fruits and Vegetables Private Limited (DFV) to Contract Farming Mauritius Private Limited.
L&T Technology Services: The company posted growth in revenue by 17 per cent YoY at Rs. 13,475 million for Q1FY20. Net profit stood at Rs. 2,039 million and an increase of 3 per cent.
RBL Bank: For the quarter ended June 2020, the bank reported an increase in net profit by 41 per cent YoY to Rs. 267.1. NII went up by 48 per cent to Rs. 817.3 crore.