The company informed that Ravinder Takkar will take over as Chairman with effect from August 19, and that Himanshu Kapania will step down as non-executive Chairman. VIL’s revenue from operations grew to about Rs 10,410 crore in the quarter ended June 30, 2022, improving nearly 14 per cent from the year-ago period. Vodafone Idea: Vodafone Idea on Wednesday reported marginal narrowing of its consolidated loss to Rs 7,296.7 crore for the June quarter compared to the year-ago period, as tariff hikes boosted its realisations. At the same time, we recommend keeping a check on leveraged positions and preferring a hedged approach.” said Ajit Mishra, VP – Research, Religare Broking. Meanwhile, participants should maintain their focus on identifying stock-specific opportunities and utilizing any dip to accumulate. “We expect Nifty to consolidate further citing mixed indications and it is healthy after the recent surge.

Global cues were also positive after Wall Street surged higher on Wednesday and Asian stock markets mirrored the up-move in early deals today. Ahead of the session, SGX Nifty was sitting in positive territory, suggesting a continuation of the upward momentum on Dalal Street. Indian share market is likely to open higher on Thursday, weekly F&O expiry.

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