Tag: stock to watch

The Indian equity market is likely to open flat Tuesday following a mixed trend in global peers.

Here are the top 10 buzzing stocks for today:

1. Reliance Industries: The company’s subsidiary Reliance New Energy Solar Ltd (RNESL) along with strategic investors Paulson & Co. Inc. and Bill Gates, and a few other investors, has announced an investment of $144 million in Ambri Inc, a US-based energy storage company. RNESL will invest $50 million to acquire 42.3 million shares of preferred stock in Ambri.

2. Shree Cement: The company’s Q1FY22 standalone net profit rose 78.5 percent to Rs 661.6 crore from 370.8 crore, revenue increased 47.9 percent to Rs 3,449.5 crore from Rs 2,332.4 crore, YoY.

3. Indian Bank: The bank said that Non Performing Accounts of IL&FS Engineering & Construction Company and IL&FS Transportation Networks with a total outstanding balance of Rs 292 crore have been declared as fraud.

4. Indian Hotels: The company’s Q1FY22 consolidated net loss narrowed to Rs 301.58 crore from Rs 312.60 crore, YoY. Revenue jumped to Rs 370.30 crore from Rs 175.34 crore, YoY.

5. Gujarat State Petronet: The company’s Q1FY22 standalone rose 13 percent to Rs 232 crore from Rs 206 crore and revenue increased 13 percent to Rs 527 crore from Rs 465 crore, QoQ. Transmission volumes rose to 36.79 mmscmd from 33.84 mmscmd, QoQ.

6. Bombay Dyeing: The company’s net loss in Q1FY22 narrowed to Rs 107.9 crore from Rs 129.1 crore in Q1FY21. Revenue jumped to Rs 380.8 crore from Rs 91.2 crore, YoY.

7. Motilal Oswal Financial Services: ICRA upgraded the credit rating on long term debt instruments of subsidiary Motilal Oswal Home Finance to ‘AA-/Stable’ from ‘A+/Stable’.

8. Texmo Pipes and Products: The company has received orders from multiple contractors of HDPE Pipes worth Rs 121.59 crore to be executed within 6-7 months.

9. Gati Ltd: The company has appointed Pirojshaw Sarkari as its CEO.

10. Tata Investment Corporation: The company’s consolidated profit in Q1FY22 jumped to Rs 53.89 crore from Rs 18.40 crore and revenue rose to Rs 61.90 crore from Rs 30.90 crore, YoY.

(Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)

The Indian equity indices, Sensex and Nifty may open lower Monday amid mixed global cues.

Here are the top 10 buzzing stocks for today:

1. Rolex Rings: The company will list its equity shares on the bourses today.

2. Bank of Baroda: The bank reported a net profit of Rs 1,280.6 crore in Q1FY22 against a loss of Rs 864.3 crore in Q1FY21. Net interest income rose to Rs 7,891.9 crore from Rs 6,816.1 crore, YoY.

3. Divi’s Laboratories: The company posted a 13 percent YoY rise in Q1FY22 consolidated net profit at Rs 557 crore, while total income rose to Rs 1,997 crore from Rs 1,748 crore, YoY.

4. SAIL: The company reported consolidated profit at Rs 3,897.4 crore in Q1FY22 against a loss of Rs 1,226.5 crore, YoY. Revenue increased to Rs 20,643 crore from Rs 9,067 crore, YoY.

5. Jindal Steel & Power: The company’s board has accepted the revised offer of Rs 7,401 crore from Worldone Pvt Ltd for divestment of its subsidiary company Jindal Power Ltd.

6. Tata Power Company: The company’s Q1FY22 net profit rose 73.7 percent to Rs 465.7 crore from Rs 268.1 crore and revenue rose 54.5 percent to Rs 9,968 crore from Rs 6,453 crore, YoY.

7. Ujjivan Small Finance Bank: The bank reported a Q1FY22 net loss at Rs 233.5 crore versus a profit of Rs 54.7 crore, YoY. Net interest income fell 16.1 percent to Rs 384.4 crore from Rs 458 crore, YoY.

8. ZEEL: The company reported a sharply higher Q1FY22 net profit at Rs 208.8 crore versus Rs 29.3 crore, while revenue rose 35.3 percent to Rs 1,775 crore from Rs 1,312 crore, YoY).

9. Karnataka Bank: The bank has been empanelled by the Reserve Bank of India to act as an “Agency Bank” to facilitate transactions related to Government businesses.

10. McLeod Russel: The National Company Law Tribunal (NCLT) has admitted bankruptcy proceedings filed by Techno Electric & Engineering Company against the company under the Insolvency and Bankruptcy Code, 2016 (IBC) claiming it has defaulted on Rs 100 crore dues owed to it.

The Indian equity market is likely to open flat Friday ahead of the Reserve Bank of India’s (RBI) bi-monthly monetary policy outcome.

Here are the top 10 buzzing stocks for today:

1. Banks: The banking stocks will be in focus ahead of the RBI’s bi-monthly monetary policy announcement.

2. Reliance Industries: The company’s subsidiary Reliance Strategic Business Ventures Ltd (RSBVL) has invested Rs 20 crore in Neolync Solutions Pvt Ltd. Another Rs 40 crore worth of investment is expected to be completed by March 2023 following the completion of agreed milestones, the company said.

3. Maruti Suzuki India: The company’s total production in July increased by 58.5 percent on a yearly basis to 170,719 units.

4. Cipla: The company’s Q1FY22 consolidated net profit rose 23.7 percent to Rs 714.72 crore from Rs 577.91 crore, revenue increased 26.6 percent to Rs 5,504.35 crore from Rs 4,346.16 crore, YoY.

5. Indiabulls Housing Finance: The company reported a 3.3 percent rise in Q1FY22 net profit at Rs 282 crore from Rs 273 crore and net interest income (NII) growth of 4.7 percent at Rs 765 crore from Rs 731 crore, YoY.

6. PVR: The company has opened four screens in Director’s Cut at Ambience Mall in Gurugram, Haryana.

7. Gujarat Gas: The company’s Q1FY22 net profit rose 36.1 percent to Rs 476.2 crore from Rs 350 crore, while revenue fell 12.2 percent to Rs 3,011 crore from Rs 3,429 crore, QoQ. Total gas sales volume for the quarter was at 10.01 mmscmd as

8. Adani Power: The company reported consolidated profit at Rs 278.22 crore in Q1FY22 against a loss of Rs 682.46 crore in Q1FY21. Revenue rose to Rs 6,568.86 crore from Rs 5,203.83 crore, YoY.

9. Aditya Birla Capital: The company’s Q1FY22 net profit jumped 52 percent to Rs 302 crore from Rs 198 crore and revenue rose to Rs 4,632 crore versus Rs 4,292 crore, YoY.

10. Tata Chemicals: The company’s Q1FY22 net profit spiked to Rs 342.1 crore from Rs 74.1 crore and revenue increased 26.8 percent to Rs 2,977.2 crore from Rs 2,348.2 crore, YoY.

(Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)

The Indian equity indices, Sensex and Nifty are likely to open flat with a positive Thursday amid a muted trend in the Asian peers.

Here are the top 10 buzzing stocks for today:

1. Reliance Industries: The company is doubling its PET recycling capacity by setting up a recycled polyester staple fiber (PSF) manufacturing facility in Andhra Pradesh.

2. Vodafone Idea: Kumar Mangalam Birla has stepped down as non-executive director and non-executive chairman of the board. Himanshu Kapania is appointed as non-executive chairman of the board, and Sushil Agarwal, a nominee of Aditya Birla Group, is appointed as additional director.

3. Titan Company: The company reported a profit of Rs 61 crore in Q1FY22 against a loss of Rs 270 crore in Q1FY21. Revenue rose 74.5 percent to Rs 3,249 crore from Rs 1,862 crore, YoY.

4. HPCL: The company’s Q1FY22 net profit fell 40.5 percent to Rs 1,795 crore from Rs 3,018 crore, revenue declined 3.2 percent to Rs 72,443.4 crore from Rs 74,843.4 crore, QoQ. Gross refining margin was at $3.31/bbl.

5. SBI Life Insurance: Carlyle will sell the remaining 1.9 percent stake in the company via a block deal at a price band of Rs 1,130-1,136.85 per share.

6. Dr Reddy’s Laboratories: The company will sell its US and Canada territory rights for ELYXYB (celecoxib oral solution) 25 mg/ml, to BioDelivery Sciences International, Inc. Under the terms of the agreement, Dr Reddy’s will receive $6 million upfront upon closing followed by $9 million one year from closing. Further, Dr Reddy’s is eligible to receive event based, sales based milestones and quarterly earn-out payments.

7. Zomato: The company has incorporated a wholly-owned subsidiary, Zomato Payments Pvt Ltd, to carry on the business of providing payment aggregator and payment gateway services.

8. PNB Housing Finance: Competition Commission has approved the proposed investments by Carlyle Group and other investors in PNB Housing Finance.

9. Adani Total Gas: The company’s Q1FY22 net profit jumped to Rs 138 crore from Rs 46 crore, YoY, while sales volumes doubled to 140 million metric standard cubic meters (mmscm).

10. Tata Communications: The company’s Q1FY22 net profit rose 15 percent to Rs 296.11 crore from Rs 257.8 crore, while revenue fell 7 percent to Rs 4,103 crore from Rs 4,403 crore, YoY.

(Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)

The trends on SGX Nifty indicates a positive start for the broader index in India. The Nifty futures were trading 82.50 points or 0.51 percent higher at the 16,247.50 level on the Singaporean Exchange

Here are the top 10 buzzing stocks for today:

1. Bharti Airtel: The company’s Q1FY22 net profit fell 62.7 percent to Rs 283.5 crore from Rs 759.2 crore, while revenue rose 4.3 percent to Rs 26,853 crore from Rs 25,747.3 crore, QoQ. The average revenue per user was at Rs 146 versus Rs 145, QoQ.

2. Tata Consultancy Services: The IT major has received a supply chain modernisation contract from Rich Products.

3. Dr Reddy’s Laboratories: The company has re-launched over-the-counter (OTC) Naproxen Sodium Tablets USP, 220 mg, the store-brand equivalent of Aleve, in the US market.

4. Tata Steel: S&P Global Ratings has raised Tata Steel‘s long-term issuer credit rating to ‘BB’ from ‘BB-‘ as it expects the company’s debt to fall by more than 30 percent by March 2023. The outlook is Stable.

5. Tata Consumer Products: The company’s net profit in Q1FY22 fell 42.1 percent to Rs 200.2 crore from Rs 345.6 crore, while revenue rose 10.9 percent to Rs 3,008.5 crore from Rs 2,713.9 crore, YoY.

6. Power Grid Corporation: The company has commissioned a 1,320 MW thermal power unit in Uttar Pradesh

7. Adani Enterprises: The company posted a net profit at Rs 265.60 crore against a loss of Rs 65.67 crore and revenue was at Rs 12,578.77 crore against Rs 5,265.19 crore, YoY.

8. Linde India: The company has signed a business transfer agreement with HPS Gases, Vadodara to acquire its entire packaged gases business along with certain distribution assets for Rs 27.5 crore.

9. Kalpataru Power Transmission: The company’s Q1FY22 consolidated net profit was at Rs 78 crore versus Rs 28 crore, while revenue rose to Rs 3,204 crore from Rs 2,330 crore, YoY.

10. GR Infraprojects: The company has received a Letter of Acceptance (LoA) for the construction of elevated structures (Viaduct & stations) from Gottigere to Swagath Road Cross of Bangalore Metro Rail Project, Phase- 2 worth Rs 364.87 crore.

The Indian equity indices, Sensex and Nifty are likely to open lower Tuesday following losses in global peers. The SGX Nifty was trading around 42 points or 0.27 percent lower at 15,871.00, indicating a negative start for the broader index in India.

Here are the top 10 buzzing stocks for today:

1. Reliance Industries: The company has invested Rs 1 lakh in Reliance New Solar Energy Ltd, a newly incorporated wholly-owned subsidiary that will undertake activities relating to solar energy.

2. Adani Enterprises: Adani Wilmar, a 50:50 joint venture company between the Adani group and the Wilmar group, has filed its draft red herring prospectus with the Securities and Exchange Board of India (SEBI) for a Rs 4,500 crore IPO.

3. Tata Motors: The company has increased the prices of its passenger vehicles by 0.8 percent depending on the variant and model with effect from August 3.

4. Punjab National Bank: The bank’s Q1FY22 net profit jumped to Rs 1,023.5 crore from Rs 308.5 crore, while net interest income rose 6.6 percent to Rs 7,226 crore from Rs 6,781.5 crore, YoY.

5. RBL Bank: The bank reported a net loss of Rs 459 crore in Q1FY22 as against a profit of Rs 141 crore, YoY. Net interest income declined 7 percent to Rs 970 crore from Rs 1,041 crore, YoY.

6. Tejas Networks: Tata Sons’ arm Panatone Finvest picked up an 8 percent stake in the company for over Rs 193 crore through an open market transaction. Cascade Capital Management Mauritius has sold a 15.49 percent stake in the company.

7. VA Tech WABAG: The company has bagged an engineering and procurement order worth $165 million (about Rs 1,230 crore) from Russia-based Amur Gas Chemical Complex LLC.

8. Ajmera Realty & Infra: The company reported a five-fold jump in consolidated net profit at Rs 10.26 crore in Q1FY22 from Rs 2.10 crore, YoY. Total income rose to Rs 135.27 crore from Rs 40.16 crore, YoY.

9. CG Power and Industrial Solutions: The company posted a consolidated net profit of Rs 48 crore in Q1FY22 against a net loss of Rs 262.88 crore, YoY. Total income rose to Rs 1,062.24 crore from Rs 434.84 crore, YoY.

10. Mangalore Chemicals and Fertilizers: The company’s Q1FY22 net profit jumped to Rs 24.32 crore from Rs 11.01 crore, while revenue increased 29.70 percent to Rs 687.19 crore from Rs 529.79 crore, YoY.

(Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)

The Indian equity indices are likely to open higher Monday following gains in global peers. The trend on SGX Nifty also indicates a positive start for the broader index in India.

Here are the top 10 buzzing stocks for today:

1. Maruti Suzuki: The company sold 162,462 units in July 2021 as compared to 108,064 units in July 2020.

2. Tata Motors: The company’s sales in the domestic and international market for July 2021 jumped to 54,119 vehicles from 27,711 units during July 2020.

3. Hero MotoCorp: The company’s total sales in July 2021 fell 13 percent to 454,398 units from 520,104 units in July 2020. The company has started retail sales in Mexico.

4. Britannia Industries: The company’s Q1FY22 net profit fell 28.7 percent to Rs 387 crore from Rs 542.7 crore and revenue declined 0.5 percent to Rs 3,403.5 crore from Rs 3,421 crore, YoY. Domestic Volume grew 1 percent.

5. State Bank of India: The bank announced a 100 percent waiver on processing fees on home loans till August 31, 2021.

6. UPL: The company reported a higher net profit at Rs 749 crore in Q1FY22 as compared to Rs 653 crore in Q1FY21. Revenue rose to Rs 8,515 crore from Rs 7,833 crore, YoY.

7. Coal India: The company’s coal production in July 2021 rose 14.1 percent to 42.6 million tonnes (MT) from 37.3 MT and coal offtake increased 16.7 percent to 50.5 MT from 43.3 MT, YoY.

8. Bandhan Bank: The bank’s Q1FY22 net profit fell 32.1 percent to Rs 373.1 crore from Rs 549.8 crore, while net interest income rose 18.7 percent to Rs 2,150.6 crore from Rs 1,811.5 crore, YoY.

9. Eicher Motors: Total VE Commercial Vehicles (VECV) sales in July 2021 jumped 95.6 percent to 4,271 units from 2,184 units, YoY. Royal Enfield reported a 9 percent rise in total sales at 44,038 units for July 2021 from 40,334 units, YoY.

10. Equitas Small Finance Bank: The bank’s Q1FY22 net profit plunged 79 percent to Rs 12 crore from Rs 58 crore, while net interest income increased 14 percent to Rs 461 crore from Rs 404 crore, YoY.

The Indian market is likely to open on a subdued note Wednesday as the trend on SGX Nifty indicates a flat start for the broader index in India amid weak global cues. The Nifty futures were trading flat at around 15,750 level on the Singaporean Exchange.

Here are the top 10 buzzing stocks for today:

1. IndusInd Bank: The bank’s Q1FY22 net profit jumped to Rs 974.95 crore from Rs 460.64 crore, net interest income rose 7.7 percent to Rs 3,563.71 crore from Rs 3,309.19 crore, YoY.

2. InterGlobe Aviation: The company posted a net loss of Rs 3,174.2 crore in Q1FY22 against a loss of Rs 2,844.3 crore in Q1FY21. Revenue jumped to Rs 3,006.9 crore from Rs 766.73 crore, YoY.

3. Larsen & Toubro: The company’s board has approved the amalgamation of its wholly-owned arm L&T Hydrocarbon Engineering Ltd with the parent firm.

4. Torrent Pharma: The company’s net profit in Q1FY22 rose 2.8 percent to Rs 330 crore from Rs 321 crore, while revenue increased 3.8 percent to Rs 2,134 crore from Rs 2,056 crore, YoY.

5. Cyient: The company has signed a definitive agreement to acquire a 100 percent stake in WorkForce Delta (WFD), a global consultancy company,

6. Dalmia Bharat: The company reported a 45.02 percent YoY rise in Q1FY22 consolidated net profit at Rs 277 crore, helped by sales volume growth and a lower base. Revenue from operations was up 36.19 percent to Rs 2,589 crore from Rs 1,901 crore, YoY.

7. Granules India: The company reported an 8 percent YoY rise in its consolidated net profit at Rs 120 crore for Q1FY21. Consolidated revenue from operations rose to Rs 850 crore from Rs 736 crore, YoY.

8. Pidilite Industries: The company’s subsidiary Madhumala Ventures will make a further investment of Rs 14.96 crore in Aapkapainter Solutions Pvt Ltd to increase its stake to 47 percent from 28.89 percent.

9. Karnataka Bank: The bank’s Q1FY22 profit fell to Rs 106.08 crore from Rs 196.38 crore, while net interest income rose to Rs 574.79 crore from Rs 535.12 crore, YoY.

10. IIFL Finance: The company reported a sharply higher consolidated profit at Rs 265.82 crore in Q1FY22 against Rs 31.83 crore in Q1FY21. Revenue during the quarter increased to Rs 1,514.4 crore from Rs 1,286.95 crore, YoY.

The Indian equity market may open higher Tuesday following gains in Asian peers amid positive global cues.

Here are the top 10 buzzing stocks for today:

1. Tata Motors: The company’s Q1FY22 consolidated net loss narrowed to Rs 4,450.92 crore from Rs 8,437.99 crore, while revenue more than doubled to Rs 66,406.45 crore from Rs 31,983.06 crore, YoY.

2. Larsen & Toubro: The company’s Q1FY22 net profit jumped to Rs 1,174.4 crore from Rs 303 crore and revenue rose by 38 percent to Rs 29,334.7 crore from Rs 21,260 crore, YoY. The consolidated order book was at Rs 3.24 lakh crore as of June 30, 2021. Consolidated order wins at Rs 26,560 crore were up 13 percent, YoY.

3. Axis Bank: The bank’s Q1FY22 net profit rose 89.4 percent to Rs 2,160.1 crore from Rs 1,112.2 crore, while net interest income increased by 11.1 percent to Rs 7,760.3 crore from Rs 6,985.3 crore, YoY.

4. Vedanta: The company announced the expansion of smelter at its BALCO plant at a cost of Rs 6,611 crore and set up a new carbon facility at the cost of Rs 635 crore in Jharsuguda. The company reported a sharply higher profit at Rs 4,224 crore in Q1FY22 against Rs 1,033 crore in Q1FY21, revenue jumped to Rs 28,412 crore from Rs 15,973 crore YoY.

5. Biocon: The company’s subsidiary Biocon Biologics has received an exclusive license to manufacture and commercialize monoclonal antibody, used in the treatment of COVID-19, in India and select other countries.

6. Equitas Holdings, Equitas Small Finance Bank: The board of directors and shareholders of Equitas Holdings and Equitas Small Finance Bank approved the amalgamation scheme of the two companies.

7. Zensar Technologies: The company posted a 38.9 percent YoY rise in net profit at Rs 101 crore in Q1FY22. Operating revenue fell 1.2 percent to Rs 936.8 crore from Rs 948.5 crore, YoY. In dollar terms, net profit grew 43.4 percent to $13.8 million, while operating revenue was up 1.6 percent YoY to $127.2 million.

8. Vinati Organics: The company has temporarily shut operations at its manufacturing unit in Unit Mahad, Maharashtra due to heavy rains.

9. DLF: The company reported Q1FY22 net profit at Rs 337.2 crore as against a loss of Rs 71.5 crore, YoY. Revenue rose to Rs 1,139.5 crore from Rs 548.6 crore, YoY.

10. Jindal Stainless: The company announced a Rs 2,150 crore investment plan to double the capacity of its Jajpur unit to 2.10 MTPA, to cater to the future growth in domestic as well as international markets.

The Indian market is likely to open lower Monday as the trend on SGX Nifty indicates a negative start for the broader index in India amid mixed global cues.

Here are the top 10 buzzing stocks for today:

1. Reliance Industries: The company reported consolidated profit at Rs 12,273 crore in Q1FY22 against Rs 13,227 crore in Q4FY21, revenue at Rs 1,44,372 crore against Rs 1,54,896 crore, QoQ.

2. ICICI Bank: The bank’s Q1FY22 net profit rose 77.6 percent to Rs 4,616 crore from Rs 2,599.2 crore, net interest income increased 17.8 percent to Rs 10,935.7 crore from Rs 9,279.8 crore. YoY.

3. HDFC: International Finance Corporation (IFC) has provided a loan of $250 million to HDFC to promote affordable green housing finance for low and middle-income borrowers.

4. ITC: The company’s Q1FY22 net profit rose 28.6 percent to Rs 3,013.5 crore from Rs 2,342.7 crore, revenue jumped 36.4 percent to Rs 12,959.2 crore from Rs 9,502 crore, YoY.

5. Ambuja Cements: The company’s Q2CY21 net profit jumped 59.5 percent to Rs 723.08 crore from Rs 453.4 crore, revenue rose 54.9 percent to Rs 3,371.2 crore from Rs 2,176.8 crore YoY. Sales volume increased to 6.33 mt versus 4.19 mt, YoY.

6. Cipla: The company is recalling 7,228 bottles of Solifenacin Succinate tablets, a medicine used to treat overactive bladder, in the US market due to manufacturing issues.

Cipla: The company is recalling 7,228 bottles of overactive bladder treatment drug in the US.

7. IndusInd Bank: The bank’s board approved a proposal for raising funds up to Rs 30,000 crore through a mix of equity and debt to fund its business growth.

8. JSW Steel: The company reported a consolidated net profit of Rs 5,900 crore in Q1FY22 as against a loss of Rs 582 crore, YoY. Revenue increased to Rs 28,902 crore from Rs 11,782 crore, YoY.

9. NTPC: The company has commissioned 800-MW Unit-2 of the Darlipali Thermal Power Project. With this, the total installed capacity of NTPC and NTPC group has become 53450 MW and 66875 MW respectively.

10. SBI Cards and Payment Services: The company’s Q1FY22 net profit declined 22 percent to Rs 305 crore from Rs 393 crore, total income rose to Rs 2,451 crore from Rs 2,196 crore, YoY.

(Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)