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Tech Mahindra, a leading provider of digital transformation, consulting, and business reengineering services, witnessed a surge in its stock price, surpassing its last week high of 1132.5 and closing at 1148.

The food and FMCG segment records revenue growth of 30%+ YoY to cross Rs 1,000 crore of revenue for the quarter on a standalone basis. This has been the eighth consecutive quarter with 20%+ volume growth and 30%+ revenue growth, on YoY basis, for the segment

The merged entity’s gross advances aggregated to approximately Rs 22,45,000 crore, growth of around 13% over Rs 19,85,900 crore as of June 30, 2022.

Sino-US tensions and weak economic data from Beijing dent sentiments

While the broader Nifty50 finished at 19,398.50, higher by 9.50 points or 0.05%, the 30-stock Sensex closed at 65,446.04, down by 33 points or 0.05%

The Nifty Realty index closed 0.56 per cent up at 525.9.

The bonus issue will be issued out of the capital redemption reserve of the company, as of March 2023. The company has fixed July 7 as the record date for determining the eligibility of shareholders.

Marico said sales volumes in its Parachute coconut oil business dropped, even as Saffola reported double-digit growth helped by price cuts that made its cooking oil nearly 30% cheaper from a year earlier.

Options data suggests a broader trading range between 19100 to 19600 zones while an immediate trading range between 19250 to 19500 zones. The hourly Bollinger bands are contracting, indicating rangebound price action.

Here are 5 fundamental stock ideas from brokerage Motilal Oswal that can offer over 13% returns in one-year period.