NS Indian Equity Index The trend is likely to open higher on Thursday following an uptrend in global competitors. SGX Nifty also indicated a positive start as Nifty futures were trading 27.50 points or 0.17 per cent higher at 16,321.00 levels at 7:10 am on the Singapore Exchange, indicating a positive start. Dalal Streethandjob cncbctv18.com Reported.
Top stocks to watch for the day:
Power Grid Corporation of India: The board of the state-owned company has agreed to infuse fresh equity of up to Rs 425 crore in Energy Efficiency Services (EESL), a joint venture company of PowerGrid, NTPC, PFC and REC.
Bata India: The footwear major reported a loss of Rs 67.47 crore in Q1FY22 as against a loss of Rs 100.9 crore in the same quarter a year ago. Whereas, the total income increased from Rs 135.1 crore to Rs 267 crore on a year-on-year basis.
Cummins India: The company posted a consolidated net profit of Rs 247 crore in Q1FY22, up from Rs 53 crore in the same period last year. However, its revenue from operations increased to Rs 1,195 crore from Rs 503 crore on a year-on-year basis.
Zomato: Zomato Inc., a subsidiary of the Deepinder Goyal-led company, has sold its stake in Nextable Inc. for $100,000.
Force Motors: The commercial vehicle maker narrowed its consolidated net loss to Rs 4.36 crore for the June quarter as against a consolidated net loss of Rs 64.99 crore in the same period last fiscal. Revenue from operations was Rs 643.33 crore versus Rs 186.40 crore, YoY.
CESC: The company reported 34 per cent growth in Q1FY22 consolidated net profit at Rs 280 crore as against Rs 209 crore in the corresponding quarter of last fiscal. While revenue from operations increased to Rs 3,242 crore from Rs 2,662 crore, YoY.
VA Tech Wabag: The company reported a three-fold jump in standalone net profit at Rs 14.6 crore in Q1FY22 from Rs 5 crore in Q1FY21. Total income also increased by 53 per cent to Rs 658 crore from Rs 431 crore on a year-on-year basis.
Aster DM Healthcare: The company reported a net profit of Rs 44.47 crore in Q1FY22 as against a loss of Rs 82.93 crore in the same period last year. While the revenue grew by 36 per cent to Rs 2,371.6 crore as against Rs 1,747.17 crore.
Credit Access Gramin: The microfinance firm’s Q1FY22 net profit declined 72.2 per cent to Rs 20.3 crore from Rs 73 crore in the same period last fiscal. Net interest income (NII) fell 8 per cent year-on-year to Rs 338.1 crore from Rs 367.6 crore.
Heidelberg Cement India: The company will buy 36.36 lakh equity shares of Lalganj Power for Rs 4.8 crore to acquire around 22 GWh of solar power per annum under a captive arrangement for the functioning of its plant located in Madora, Uttar Pradesh.
MAS Financial Services: The company’s standalone profit stood at Rs 36.82 crore in Q1FY22 as against Rs 36.59 crore in the year-ago period. However, the revenue declined year-on-year to Rs 147.73 crore from Rs 160.35 crore.
VIP Industries: The company reported a net profit of Rs 2.5 crore in the June quarter, as against Rs 51.3 crore in the year-ago period. Meanwhile, the revenue stood at Rs 206.2 crore as against Rs 40.3 crore.
PTC India: Power Trading Solutions firm reported a growth of over 36 per cent in its consolidated net profit at Rs 136.17 crore in Q1FY22 as compared to Rs 100.06 crore in the corresponding quarter of last year. The total income increased year-on-year from Rs 4,641.28 crore to Rs 4,959.99 crore.
Gandhi Special Tubes: The board of the company fixed the final buyback price of Rs 550 for the equity share.
Earnings: Ashok Leyland, Aurobindo Pharma, Bharat Petroleum, Bharat Forge, Coffee Day Enterprises, Dish TV, Eicher Motors, Engineers India, GR Infraprojects, Hero MotoCorp, HCC, IRCTC, IRCON, RailTel Corporation, Max India, NMDC, Natco Pharma, Page Industries, Power Finance Corp, RCF, Religare Enterprises, Tata Steel, Thyrocare, Trident and Ujjivan Financial among others are due to report their earnings on August 12.
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