Caplin Point Laboratories reported stable quarterly earnings with strong topline and tepid bottomline.

The company’s standalone revenue for the quarter came in at Rs. 21.1 crore as against Rs. 22.53 crore in the corresponding quarter last year, registering 6.3 per cent decline.

Avanti feeds reported weak performance for the quarter with marginal revenue growth and poor operational performance

The company’s consolidated revenue for the quarter came in at Rs. 549.42 crore, registering 33.1 per cent yoy increase. This growth was driven by an increase in revenue from Milk Products by 41 per cent YoY which was led by growth in key product categories.

The pharma major has received final approval from USFDA for generic version of Voltaren Gel, 1%. The gel is expected to be shipped to the US market by the end of the month.

Overall volumes in futures & options currently stand at 55.43 lakh contracts with a turnover of Rs. 5,38,996.34 crore.

Overall volumes in futures & options currently stand at 55.43 lakh contracts with a turnover of Rs. 5,38,996.34 crore.

Going ahead, the zone of 11,400-11,430 is likely to act as a resistance for the Nifty.  Stocks in news: Unichem Laboratories, Sun Pharmaceutical, Kridhan Infra, IZMO and Rolta.

A muted start is in the offing for the Indian markets Indian markets as the SGX Nifty suggests that Nifty could open almost unchanged at 11,430. Adani Enterprises, Adani Transmission, AU Small Finance Bank, Bombay Dyeing, Edelweiss Financial Services, Mahindra and Mahindra, Motherson Sumi Systems, Mphasis, Punjab National Bank, Sobha, SRF, Thomas Cook, TVS Motors are set to declare their results today.  

The stocks that are likely to witness significant movement on the bourses on August 7 are Sun Pharmaceutical Industries, Arvind Limited, Britannia Industries, Kridhan Infra and Sanofi India.