Indian markets may open lower on Monday after mixed global cues. At 7:15 am, SGX Nifty was trading 90.50 points or 0.57 per cent higher at 15,762.00, indicating a negative start for the broader index in India, cncbctv18.com Reported.
Top stocks to watch for the day:
Reliance Industries: The Mukesh Ambani-led company reported a consolidated profit of Rs 12,273 crore in Q1FY22, up from Rs 13,227 crore in the year-ago period. Rs 1,54,896 crore, revenue as against QoQ is Rs 1,44,372 crore.
ICICI Bank: The private lender reported sharply higher profit of Rs 4,616 crore in Q1FY22 as against Rs 2,599.2 crore in Q1FY22. Net interest income increased year-on-year to Rs 10,935.7 crore from Rs 9,279.8 crore.
Cipla: The pharma company is recalling 7,228 bottles of solifenacin succinate tablets due to manufacturing difficulties in the US market. It is used to treat overactive bladder.
HDFC: The International Finance Corporation (IFC) has provided a loan of USD 250 million to the bank to promote affordable green housing finance for low- and middle-income borrowers.
ITC: The company’s Q1FY22 net profit jumped 28.6 per cent to Rs 3,013.5 crore from Rs 2,342.7 crore in Q1FY21. Revenue grew by 36.4 per cent to Rs 12,959.2 crore from Rs 9,502 crore.
Ambuja Cements: Company’s Q2CY21 net profit jumped 59.5 per cent to Rs 723.08 crore from Rs 453.4 crore. Revenue grew 54.9 per cent to Rs 3,371.2 crore from Rs 2,176.8 crore. Sales volume increased to 6.33 million tonnes versus 4.19 million tonnes.
IndusInd Bank: The board of the bank approved a proposal to raise funds up to Rs 30,000 crore through a mix of equity and debt for the growth of its business.
JSW Steel: The company posted a consolidated net profit of Rs 5,900 crore in Q1FY22 as against a loss of Rs 582 crore in the year-ago period. Revenue increased from Rs 11,782 crore to Rs 28,902 crore.
NTPC: Energy Group has commissioned the 800 MW Unit-2 of Darlipali Thermal Power Project at Sundergarh, Odisha. With this, the total installed capacity of NTPC and its group has gone up to 53450 MW and 66875 MW respectively.
United Spirits: The company reported a profit of Rs 69.1 crore in Q1FY22 as against a loss of Rs 215.3 crore in Q1FY21, with revenue rising to Rs 1,615.1 crore from Rs 1,030.2 crore.
SBI Cards and Payment Services: Q1FY22 net profit fell 22 per cent to Rs 305 crore from Rs 393 crore, while total income rose to Rs 2,451 crore from Rs 2,196 crore.
GNA Axles: The company reported a high profit of Rs 29.5 crore in Q1FY22 as against Rs 27.6 crore in Q1FY21, with revenue rising to Rs 329 crore from Rs 310.2 crore.
Yes Bank: The commercial lender’s net profit rose by Rs 45.44 crore to Rs 206.8 crore in Q1FY22, while NII fell 26.5 per cent to Rs 1,908.2 crore, YoY to Rs 1,402.1 crore.
Today Earnings: Axis Bank, Apollo Pipes, Alembic Pharmaceuticals, Coromandel International, DLF, GlaxoSmithKline Pharmaceuticals, Jindal Stainless, KPIT Technologies, Larsen & Toubro, Kotak Mahindra Bank, M&M Financial Services, Naveen Fluorine International, SBI Life Insurance Company, Sun Pharma Advanced Research Company, Tata Motors, Vedanta, Zensar Technologies and Vakrangee, among others, will release their quarterly earnings on July 26.
read all Breaking News, breaking news And coronavirus news Here
.