Witty futures on the Singapore Stock Exchange traded 29.5 points, or 0.17% higher, at 17,261, indicating that Dalal Street was headed for a positive start on Monday. Here are a dozen stocks that may emerge higher in today’s trade:
ITC, Varun Beverages, UPL: ITC, Varun Beverages, UPL, Zomato, , Escorts Kubota, , , , Alkyl Amines, Castrol India, Punjab & Sind Bank, Triveni Turbine and are among the companies to announce their earnings for the quarter ended June 2022.
Dr Reddy’s laboratories: The drugmaker said it has signed a pact with US-based Slayback Pharma to acquire the rights to a drug to relieve eye redness. The company has signed a license agreement with the New Jersey-based pharmaceutical company to acquire the rights to Brimonidine Tartrate Ophthalmic Solution 0.025%.
Mahindra and Mahindra: The national car company has claimed that it has received over 1 lakh bookings for its all-new Scorpio-N SUV within half an hour of its booking, which began on Saturday. M&M launched the vehicle on June 27.
HDFC: The mortgage lender increased its benchmark lending rate by 25 basis points, a move that will make borrowing more expensive for both existing and new borrowers. The rate hike comes ahead of the RBI’s Monetary Policy Committee (MPC) meeting next week. The MPC is widely expected to raise interest rates to control high inflation.
DLF: The real estate firm reported a 39 percent rise in its consolidated net profit to Rs 469.56 crore in the quarter ended June on better sales. Its net profit stood at Rs 337.16 crore during the year-ago period. The real estate company’s net debt fell 16 percent in the April-June period to Rs 2,259 crore from the previous quarter.
Yes Bank: After fundraising trials and tribulations that spanned more than three years, Yes Bank announced that private equity funds Carlyle and Advent International will invest $1.115 billion (about Rs 8.9 billion) to fuel its future growth . Both global PE funds will each acquire a 10% stake in the private sector lender.
Zee Entertainment: The media major said it has received approval from the BSE and NSE exchanges for its proposed merger with Sony Pictures Networks India. The proposed merger with Culver Max Entertainment Private Limited has been approved by BSE and National Stock Exchange (NSE).
Bank of Baroda: The state-owned lender reported a 79.3 percent rise in its profit after tax (PAT) to Rs 2,168 crore in the quarter ended June 30, on higher net income growth of interests (NII). This compares with a profit after tax of Rs 1,209 crore in the same quarter last year.
Ashok Leyland: The flagship of the Hinduja Group expects the commercial vehicle industry to grow at a brisk pace in the coming quarters, with economic activity picking up and demand rising across all segments. The Chennai-based company expects its domestic sales and overseas shipments to remain robust for the rest of the fiscal.
GMR infrastructure: The airport management and operating company reported a consolidated net loss of Rs 112.99 crore for the quarter ended June. The company had posted a net loss of Rs 317.91 crore in the year-ago period.
Metro Brands: The multi-brand footwear retailer posted a consolidated net profit after tax of Rs 105.78 crore for the quarter ended June. The company had posted a net loss after tax of Rs 12.13 crore in the January-March quarter last year.
IDFC First Bank: The private lender posted its highest-ever net profit of Rs 474 crore in the quarter ended June 2022, driven mainly by lower provisioning and higher revenue. The private sector lender had posted a net loss of Rs 630 crore in the year-ago quarter.
Godfrey Phillips India: The cigarette maker reported a 16.6% rise in its consolidated net profit to Rs 131.05 crore in the first quarter ended June 30. The company had posted a net profit of Rs 112.40 crore in the April-June quarter of the previous financial year.
Cholamandalam Investment and Finance Company: The financial services provider reported standalone profit for the quarter ended June 30, 2022 at Rs 565.66 crore. It had posted a standalone profit of Rs 326.80 crore in the corresponding quarter of the previous year.
Torrent Pharma: The pharma major reported a 7% rise in its consolidated net profit to Rs 354 crore for the June 2022 quarter. The pharmaceutical company had posted a net profit of Rs 330 crore in the April-June period of l last fiscal
Godrej Agrovet: The animal feed company reported a 16.29 percent decline in consolidated net profit at Rs 87.68 crore in the quarter ended June. The company’s net profit stood at Rs 104.75 crore in the corresponding quarter last year.
HIL: CK Birla Group has taken over Odisha-based construction materials maker Fast Build Blocks for Rs 65 crore in a plunge sale. The transaction is between CK Birla Group flagship HIL, which is the world’s largest building materials manufacturer, and Fast Build Blocks.
Indian Bank: The state-owned lender reported a 2.7% rise in net profit to Rs 1,213.44 crore in the April-June quarter on tepid revenue growth, although provisions fell by a margin fair The state-owned bank had made a net profit of Rs 1,181.66 crore in the corresponding quarter of June 2021.
Easy Trip Planners: The online travel service provider reported a more than two-fold rise in consolidated net profit to Rs 33.13 crore in the June quarter on accelerated travel activities as pandemic-induced curbs ease. The company had posted a consolidated net profit of Rs 15.43 crore during the year-ago period.
Zee Media Corporation: The media firm reported a consolidated net profit of Rs 4.55 crore for the first quarter ended June. The company had posted a net profit of Rs 218.08 crore in the April-June quarter of the previous financial year, helped by exceptional item gains.
Torrent Power: The power and utilities company said it has acquired 100% stake in Wind Two Renergy (WTRPL) for Rs 32.51 crore from Inox Green Energy Services. The Company has acquired 3,25,10,000 equity shares of WTRPL of face value of Rs.10 each.
DCB Bank: The private lender posted nearly three times net profit of Rs 97 crore for the June quarter of 2022-23 as provisions for bad loans declined. The private sector lender had made a standalone profit of Rs 34 crore in the year-ago period.
Mahindra Logistics: The logistics solutions provider reported a more than four-fold rise in consolidated profit after tax to Rs 13.64 crore in the first quarter ended June 30 on the back of increased revenue. The company had earned a consolidated net profit of Rs 3.04 crore during the previous fiscal.
Sundram fasteners: The auto component maker reported a 15.6% rise in standalone net profit to Rs 130.11 crore in the first quarter ended June 30. The company’s standalone net profit was Rs 112.55 crore during the April-June period last year.
Oriental hotels: The associate company of The Indian Hotels Company posted its highest profit after tax at Rs 11.09 crore for the quarter ended June 30, 2022 on a resurgence in travel. The company had reported a standalone net loss of Rs 16.83 crore in the previous quarter. course
& Resorts India: The leisure company posted a consolidated profit after tax of Rs 29.8 crore in the first quarter ended June 30, driven by increased revenue. The company had posted a consolidated loss after tax of Rs 21.4 crore in the same previous fiscal quarter.
(MRPL): The petrochemical company is looking to expand its network of petrol pumps in Tamil Nadu, Andhra Pradesh and Telangana as it taps into markets in the vicinity of its refinery. The petrochemical petrol pump network is currently concentrated in Karnataka and Kerala.
EKI energy services: The energy consultancy reported a more than three-fold rise in standalone profit after tax to Rs 106.98 crore in the June quarter, driven by higher revenue. The company had posted a profit after tax (PAT) of Rs 35.70 crore during the April-June period of FY22.
Star Housing Finance Limited: The rural-focused HFC has raised $2.7 million in capital through a preferential allotment and raised net worth to over Rs 85 crore. This capital infusion is part of a series of equity raises by the company, which was underwritten by retail investors, mostly professionals in the BFSI space.
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