On July 15, the Indian business landscape has been buzzing with notable developments in the stock market. Domestic markets have witnessed a remarkable week with Nifty and Sensex reaching record highs. Today, investors are keeping a close eye on significant players like HCL Tech, DMart, RVNL, IREDA, Zomato, and Lupin for various reasons. HCL Technologies reported a 6.8% increase in net profit to Rs 4,257 crore for Q1, despite a slight drop in revenue. The company forecasts a 3-5% year-on-year revenue growth for FY25. Another key player, IREDA, saw a 30.2% spike in net profit to Rs 383.7 crore in Q1, along with a substantial increase in net interest income. Additionally, Avenue Supermarts (DMart) witnessed a significant increase in net profit and revenue, showcasing a positive quarter. RVNL secured a major project worth Rs 132.6 crore, further solidifying its position in the market. Lupin received an Establishment Inspection Report (EIR) from the US FDA for its Gujarat facility, indicating operational compliance. Zomato recently dissolved its step-down subsidiary, Zomato Slovakia, streamlining its operations effectively. These developments indicate a dynamic and evolving business landscape in India, offering opportunities for investors and stakeholders. Overall, the market continues to show resilience and growth potential, with key players reflecting a mix of steady performance and strategic advancements.
