Witty futures on the Singapore Stock Exchange traded 61.5 points, or 0.35 percent lower at 17,362, indicating that Dalal Street was heading for a negative start on Monday. Here are a dozen stocks that may emerge higher in today’s trade:
Airtel, Adani Ports, Mains: Bharti Airtel, Adani Ports and SEZ,
Samvardhana Motherson International, Delhivery, Indian Hotels Company, UNO Minda, Vedant Fashions, Torrent Power and National Aluminum are among the companies to announce their earnings for the quarter ended June 2022.
State Bank of India: The country’s largest lender reported a 6.70 percent drop in its standalone profit after tax at Rs 6,068 crore in the quarter ended June due to mark-to-market (MTM) losses. The lender had reported a profit after tax (PAT) of Rs 6,504 crore on a standalone basis in the April-June quarter of FY22.
Titan: The jewelery and watch maker reported a multiple-fold increase in consolidated net profit to Rs 790 crore in the first quarter ended June on strong festive demand. The company had posted a consolidated net profit of Rs 18 crore during the year-ago period.
Mahindra and Mahindra: The homegrown auto player posted a consolidated profit after tax of Rs 2,361 crore in the first quarter ended June, driven by strong performance in its automotive and agriculture segments . The company had posted a consolidated loss after tax of Rs 332 crore in the year-ago period.
Hindustan Petroleum Corporation: The oil trader posted its highest ever quarterly net loss of Rs 10,196.94 crore in the June quarter as the freeze on petrol and diesel price revision wiped out record refining margins. A standalone net loss of Rs 10,196.94 crore during April-June compared to a net profit of Rs 1,795 crore in the same period a year ago.
Tata Motors: The auto major said its subsidiary has signed a pact to acquire Ford India’s manufacturing plant in Sanand for Rs 725.7 crore. Tata Passenger Electric Mobility Ltd (TPEML), a subsidiary of Tata Motors and Ford India Pvt Ltd (FIPL), has signed a unit transfer agreement (UTA) for the acquisition of the Gujarat-based plant.
Bharat Petroleum Corporation: The oil marketing firm posted a net loss of Rs 6,291 crore in the first quarter of the current fiscal to maintain fuel prices despite the rising cost. Net loss of Rs 6,290.8 crore in April-June, compared with Rs 3,192.58 crore in the same period a year ago.
Power Grid Corporation: The state-owned utility will seek shareholder approval on August 29 to raise up to Rs 6,000 crore by issuing bonds in the 2023-24 financial year. The proposal to raise funds of up to Rs 6,000 crore, from the domestic market through the issue of bonds, under the private placement scheme.
One97 Communications: The digital financial services company that operates under the Paytm brand said its consolidated loss widened to Rs 644.4 crore in the first quarter ended June 30. The company had posted a net loss of Rs 380.2 crore a year ago.
FSN E-Commerce: The omnichannel, which operates under the Nykaa brand, said its consolidated net profit rose nearly 42 percent to Rs 5 crore in the April-June quarter of FY23. The company had posted a net profit of Rs 3.52 crore in the same period a year ago.
Raymond: The textile company posted a consolidated net profit of Rs 81.93 crore in the first quarter ended June, helped by an increase in sales. The company had posted a net loss of Rs 157.10 crore in the April-June quarter of the previous financial year.
Marico: The FMCG company reported a 3.28 percent rise in its consolidated net profit to Rs 377 crore for the first quarter ended June 30, 2022. The company had posted a net profit of Rs 365 crore rupees in the April-June period a year ago.
Godrej Properties: The real estate firm is looking to add new housing projects worth about Rs 15,000 crore this fiscal year by buying land and setting up joint ventures with property owners. Mumbai-based Godrej Properties, part of the business conglomerate Godrej Group, is one of the country’s leading real estate developers.
Mahanagar Gas: The retailer of CNG and piped cooking gas in Mumbai and other cities reported a 9% fall in its net profit for the June quarter as rising gas cost negated a rise in sales. Net profit at Rs 185.20 crore in April-June compared to Rs 204.08 crore. in the same period a year ago.
Fortis Healthcare: The hospital chain has reported a 69% fall in consolidated net profit of Rs 134 crore in the first quarter ended June 30. The healthcare company had posted a net profit of Rs 431 crore, which included an exceptional gain of Rs 306 crore, in April. – June 2021-22.
Mind Corporation: The auto parts maker’s profit after tax (PAT) rose six-fold to Rs 52.5 crore in the June quarter. It posted a profit after tax of Rs 7.1 crore in the year-ago quarter,
Crompton Greaves Consumer Electricals: Macritchie Investments, a promoter entity of the home appliances company, offloaded all 2,02,50,000 shares of the company or a 3.2% stake worth Rs 750.74 crore through a market transaction opened at an average price of Rs 370.74 each, bulk deal data suggested.
IRB Infrastructure Developers: The highway developer reported a multiple-fold increase in consolidated net profit at Rs 363.19 crore for the quarter ended June 30. The company had posted a consolidated net profit of Rs 71.91 crore in the corresponding period of the previous financial year.
Max Ventures & Industries: The holding company has won a bid to acquire about 4 acres of land in Noida for Rs 220 crore for the development of a commercial project. MaxVIL said its real estate group Max Estates through its special purpose vehicle (SPV) had bid for the two plots being auctioned by Axis Bank.
IT Age Management Services: The mutual fund registrar and transfer agent reported a 2.4% growth in profit after tax to Rs 64.78 crore for the April-June quarter of this fiscal. The company had posted a PAT of Rs 63.24 crore in the same quarter last fiscal.
CE information systems: The digital mapping company, which operates under the brand name MapMyIndia, reported a nearly 18% rise in its consolidated profit at Rs 24.2 crore in the April-June quarter of FY23. The company had posted a profit of Rs 20.6 crore in the same period a year ago.
Petronet LNG: India’s largest importer of liquefied natural gas posted a 10% rise in first-quarter net profit as it processed higher volumes of imported fuel. Net profit between April and June was Rs 700.9 crore compared to Rs 635.67 crore in the same period a year ago.
Indian Bank Abroad: The state-owned lender posted a 20% rise in net profit to Rs 392 crore in the first quarter of the current financial year, helped by a decline in bad loans. The Chennai-based lender had reported a net profit of Rs 327 crore in the April-June quarter of 2021-22.
India Shipping Company: The state-owned shipping company reported a 27.97% fall in consolidated net profit to Rs 114.17 crore in the first quarter of this fiscal. The company had posted a consolidated net profit of Rs 158.51 crore in the corresponding period a year earlier.
Akzo Nobel India: The paints and coatings maker reported a 1.31 percent rise in its consolidated net profit to Rs 76.9 crore in the first quarter ended June 30. The company had posted a net profit of Rs 75.9 crore a year ago.
Finances: The housing finance player reported a 62% rise in net profit to Rs 119 crore in the quarter ended June 2022 on higher disbursements. The company’s net profit was Rs 74 crore in the year-ago period.
UCO Bank: The state-run lender posted a 22% rise in its net profit at Rs 123.61 crore in the first quarter ended June 30, helped by a fall in bad loans. The bank had reported a net profit of Rs 101.81 crore in the same quarter of the financial year 2021-22.
Birla Corporation: MP Birla Group reported a 56.24 percent fall in its consolidated net profit at Rs 61.92 crore in the quarter ended June due to higher power, fuel and transport costs. It had posted a net profit of Rs 141.51 crore during the April-June period a year ago.
Chemplast Sanmar: The flagship company of the Sanmar Group, has reported a profit after tax (PAT) of Rs 41 crore for the quarter ended June 30, 2022. The Chennai-based company engaged in the production of pulp special PVC (polyvinyl chloride) had reported a PAT of Rs 29 crore in the corresponding quarter of the previous year.
HT media: The media company said its consolidated net loss narrowed to Rs 41.80 crore in the first quarter ended June 30. The company had posted a net loss of Rs 75.05 crore in the April-June quarter of the previous financial year.
Garware technical fibers: The textile products player posted an 11.7% decline in profit after tax (PAT) at Rs 28.2 crore for the quarter ended June 30, 2022. The company’s PAT was stood at Rs 31.9 crore in the corresponding period of the previous financial year.
Jagran Prakashan: Publisher of Hindi daily Dainik Jagran reported a consolidated net profit of Rs 40.49 crore for the quarter ended June 30, 2022. The company had posted a net loss of Rs 7.05 crore during period April-June a year ago.
Star Housing Finance: The rural-focused housing finance player has raised $2.7 million in capital through a preferential allotment underwritten by Arika Securities and Colo Securities, taking the company’s net worth to Rs 85 crore.
Advik Capital: The non-banking financial services company reported a multifold jump in net profit to Rs 1 crore in the June 2022 quarter. The bottom line was up about 120 times from Rs 0.008 crore in the same quarter of the previous year.
Integral Essence: The textile company has acquired a substantial interest in the rice processing facility located in Bareilly, Uttar Pradesh through a joint venture agreement with existing stakeholders, in which Integra Essentia will hold a 66% stake of the joint venture that already has an operational facility.
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