Today: core sectors output up, fiscal deficit narrows, Q1 results, IPO corner, & more
The markets ended in the red today. Metal and financial stocks dragged the indices down. 
India’s fiscal deficit stood at ₹2.74 lakh crores or 18.2% of the full year’s budget estimate at the end of the Apr to Jun quarter in 2021.
This is a 58% fall from the same quarter last year.
This is a 58% fall from the same quarter last year.
The net profit of Sun Pharma stood at ₹1,444 cr during the April to June quarter. In the same quarter last year, Sun Pharma had reported a net loss of ₹1655 cr.
Net Profit reported by UPL for the June quarter of 2021 stood at ₹678 crore - a 23% increase when compared to ₹551 net profit of the same quarter in 2020.
Q1 Revenue from operations increased 9%, to ₹8,515 cr.
Q1 Revenue from operations increased 9%, to ₹8,515 cr.
Indian Oil Corporation (IOC) reported over three-fold jump in its net profit in the April - June quarter to ₹5941 cr. For the same quarter last year, the net profit was at ₹1910 crores.
Bandhan Bank reported a 32.1% decline in its net profit at ₹373.1 cr as compared to a net profit of ₹549.8 cr in the June quarter of 2020.
The output of eight core sectors grew 8.9% in June 2021 from the same month last year.
The huge jump is due to extremely low economic activity in June 2020.
The huge jump is due to extremely low economic activity in June 2020.
Rolex Rings IPO was subscribed 130.43 times at the end of day 3 of bidding.
The IPO received bids for 74.15 crore shares against an offer of 56 lakh shares.
The IPO received bids for 74.15 crore shares against an offer of 56 lakh shares.
The Director General of Civil Aviation (DGCA) has extended the ban on international flights till August 31.
The ban was supposed to end on July 31.
The ban was supposed to end on July 31.
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