Market Today

1. SBI Cards rallies 6% to hit record high on healthy June quarter results

Shares of SBI Cards and Payment Services have rallied 6 per cent to Rs 794.50 in intra-day trade on the BSE on Tuesday after the company reported 14 per cent year on year (YoY) rise in net profit at Rs 393 crore in the April-June quarter (Q1FY21) on higher interest income.

2. IndiaMART InterMESH shares jump 12% after two-fold jump in Q1 profit

The company reported a more than two-fold jump in its Q1 FY21 consolidated profit at Rs 74.1 crore, backed by strong operating performance. 

CEO Dinesh Agarwal said, "I am pleased to report a modest financial performance in Q1 as the ongoing adverse market conditions had an anticipated impact on our customers, revenue, deferred revenue and cash flow from operations."

3. M&M Financial jumps 10% as stock turns ex-date today for 1:1 rights issue

Shares of Mahindra & Mahindra (M&M) Financial Services were up 10 per cent to Rs 152.75 (adjusted to a rights issue) in early morning trade on the BSE on Wednesday after the stock goes ex-rights today.

4. Bajaj Auto Q1 Results: Profit Falls By More Than Half Amid Covid-19 Disruptions

Net profit of the two-wheeler maker fell 53% year-on-year to Rs 528 crore in the April-June period, according to an exchange filing.

5. HUL share price falls 2% post Q1 numbers

Hindustan Unilever (HUL) share price shed over 2 percent in early trade on July 22 after the company declared its results for the quarter ended June 2020.

FMCG major on July 21 has reported a standalone profit of Rs 1,881 crore for the quarter ended June 2020, increasing 7.2 percent compared to the previous quarter.