SpiceJet, Bank of Baroda, HCL Tech among stocks to watch out for on July 12

Jul 12, 2022

By: Bhakti Makwana

SpiceJet

The managing director of the airline has been booked here for duping a businessman worth crores of rupees on the pretext of allotting him company shares, according to a complainant.

Credit: BCCL

Bank of Baroda

The lender has raised the marginal cost of funds based lending rate by up to 0.15 percent for select tenure of loans, which will increase interest rates on retail loans for a car, personal, or home.

Credit: BCCL

City Union Bank

The lender has announced a strategic alliance to offer life and health insurance solutions to the bank's consumers with the help of Tata AIA Life Insurance Company.

Credit: BCCL

HFCL

The company has received the purchase orders of ₹59.22 crore, from private telecom operators of the country for providing fiber to the home network and long distance fiber network.

Credit: BCCL

5paisa Capital

The company reported a 2.6 percent on year growth in consolidated profit at ₹7.39 crore in June quarter while revenue grew 40 percent on year to ₹84.03 crore.

Credit: BCCL

Spandana Sphoorty Financial

The company reported a 42 percent on year decline in net profit at ₹28.4 crore while revenue declined 39.5 percent at ₹286.8 crore.

Credit: BCCL

Satin Creditcare

The company will raise funds by way of issuance of NCDs upto ₹5,000 crore on a private placement basis, in one or more tranches, within one year from the date of shareholders’ approval.

Credit: BCCL

Ahluwalia Contracts (India)

The company has secured a new order for construction work of Amity Campus Bengaluru, worth ₹150 crore, from Ritnand Balved Education Foundation.

Credit: BCCL

Earnings Today

HCL Technologies, Delta Corp, Anand Rathi Wealth, Sterling and Wilson Renewable Energy, among companies to report their quarterly earnings.

Credit: BCCL

RBI cuts FY23 GDP growth forecast to 7% as developed world heads into recession