[ad_1]
The Sensex and Nifty indices are likely to make a positive start on Tuesday on firm domestic cues. Retail inflation in India was 6.71% in July, the lowest in five months. Wholesale inflation data will guide market sentiment today.
SGX Nifty futures were at 17,850 at 7.30am, up about 140 points from Nifty futures’ previous close.
That said, here are some stocks that could see some market action today:
Jhunjhunwala Key Stocks: company’s shares Rakesh Junjunwala Will be in the spotlight on Tuesday following the death of the ace investor. Titan, Star Health Insurance and Metro Brands are the stocks with the highest market capitalization exposure.
mm: Mahindra & Mahindra (M&M) unveiled five of its electric SUVs on Monday on the 75th anniversary of India’s independence. The automotive giant also showcased its new electric vehicle (EV) platform INGLO at the company’s newly established Mahindra Advanced Design Europe (MADE) in Oxfordshire, UK. read here
In addition, the company and Volkswagen Group announced an expanded partnership and signed a term sheet whereby the German automaker will supply electric vehicle parts to Indian automakers.
Max Healthcare: US private equity giant KKR and Co will Max Healthcare Gains of Rs 9,416 crore were made on a block trade on Tuesday. The offer, managed by Jeffries India and Kotak Securities, will mark KKR’s exit from the company. Under the terms of the deal, the shares will be sold at Rs 350 to Rs 362 per share, a 3.29% discount to Friday’s closing price. read more
life insurance company of india: The state-owned insurance giant reported a net profit of Rs 682.88 crore in the April-June quarter of FY23 (Q1), helped by its off-par business. In the same period last year, the insurer’s profit was only Rs 2.94 crore. But the numbers are not comparable as the company determines its policy liabilities every year until FY21. read here
oil and gas companies: The oil and gas producer reported on Friday that net profit tripled in the June quarter as it received record prices ahead of a government tax on windfall profits from rising global energy prices. Oil and Gas Corporation (ONGC) posted a standalone net profit of Rs 15,205.85 crore, or Rs 12.09 per share, for April-June, compared to Rs 4,334.75 crore, or Rs 3.45 per share, in the same period last year. read more
hero car co.: hero car co. Net profit rose 71% year-on-year in the April-June quarter, thanks to higher motorcycle and scooter sales and a low base last year, the report said. Transaction volumes in 1QFY22 were impacted by the second wave of Covid. read here
Ze Entertainment enterprise: Ze Entertainment Consolidated net profit fell 48.94% to Rs 106.60 crore for the quarter ended June 30, 2022 (Q1) due to the tough macroeconomic situation, the company said on Friday. The broadcaster reported a net profit of Rs 208.78 crore in April-June last year. Revenue for the quarter was Rs 1,879.53 crore compared to Rs 1,808.56 crore a year earlier. read more
MuthootFinance: The gold financing company posted a net profit of Rs 802 crore in Q1 2022-23, down 17% from Rs 971 crore (in terms of loan portfolio) in Q1 2021-22. Total revenue for the quarter fell 8% to Rs 2,509 crore compared to Rs 2,715 crore in the same period in 2021-22. read here
BEML: BEML Its land holding company will soon be listed on the exchange following approval from the Ministry of Companies, aiding the privatisation efforts of the defence public sector enterprise (PSU). read here
Aditya Birla Fashion and Retail: Company chairman Kumar Mangalam Birla said the company is cautiously optimistic about FY23, and the company is on a growth trajectory for its digital and structural transformation business. read more
Indian Bull Real Estate : The company reduced its net debt by 54% to Rs 4.64 crore in the three months to June compared to the March quarter. Furthermore, according to the investor presentation, the merger with Embassy Group is in the final stages of review by the National Company Law Tribunal (NCLT). Indian Bull Real Estate Ltd. (IBREL). read here
Apollo tires: The tire maker posted a 49% year-on-year increase in consolidated profit of Rs 1,907 crore in the quarter ended June FY23 from a low base.
Dani Services: The company reported a consolidated loss of Rs 1,039.1 crore for the quarter ended FY23, narrowed from a loss of Rs 1,924 crore in the corresponding period of the previous fiscal year, mainly supported by a sharp decline in impairment of financial assets, but affected by lower operating income It fell 19% YoY to Rs 2,464 crore in the quarter.
Sun TV Network: The company reported a 35.3% year-on-year increase in consolidated profit to Rs 494 crore in the quarter ended June FY23, driven by growth in operating income and top line.
Walkhart: The company recorded a consolidated loss of Rs 750 crore in the quarter ended June 2023, compared to a loss of Rs 70 crore in the same period last year. Revenue fell 31% to Rs 595 crore compared to the same period last year.
Warlock Engineering: The company posted a loss of Rs 3.88 crore for the quarter ended June FY23, narrowed from Rs 163.6 crore in the same period last year, helped by strong operating income and top line growth.
Dilip Buildcon: The road developer posted a consolidated loss of Rs 551 crore for the quarter ended FY23, compared with a profit of Rs 328.6 crore in the same period a year earlier, but the loss widened from Rs 410.9 crore in the previous quarter due to weak operating results.
Ergie Equipment: The company reported a 305% year-on-year increase in consolidated profit to Rs 487 crore in the quarter ended June FY23 on a low base and strong operating performance.
stars: Despite higher input costs, partly due to a low base, the company’s consolidated profit rose 25% year-on-year to Rs 93.8 crore in the quarter ended June FY23.
Aegis Logistics: The logistics company reported a 55% year-on-year increase in consolidated profit to Rs 1,033.7 crore in the June quarter of FY23. Operating income rose 230% to Rs 2,235.5 crore compared to the same period last year.
Bajaj Healthcare: The company reported a 37.5% year-on-year drop in profit at Rs 12.02 crore in the quarter ended June FY23 due to weak operating income and lower revenue. Revenue fell 7.3% to Rs 1.72 crore compared to the same period last year.
Aluwalia contract (India): The company reported an 8.6% year-on-year increase in consolidated profit to Rs 3,777 crore in the quarter ended FY23, while its operating income rose 5% year-on-year to Rs 6,092.5 crore.
Hinduism Global Solutions: The company posted an 869% year-on-year increase in consolidated profit to Rs 73.26 crore in the quarter ended June FY23, mainly due to healthy other income and Q1 FY22 due to unusual losses Base is low. Compared with the same period last year, revenue increased by 14% to Rs 912 crore.
Stocks under F&O ban: Tata Chemicals, Balrampur Chini Mills and Delta Corp.
[ad_2]
Source link