NS Indian stock market Global competitors are likely to open with a flat-to-positive bias on Wednesday after rising trends. Asian markets also traded after rising wall Street The US Senate reached a record high with the passing of the US$ 1 trillion bipartisan infrastructure bill. In the interim, Singapore SGX Nifty traded 19.50 points or 0.12 per cent higher at 16,296.50, indicating a mildly positive opening for Dalal Street. cncbctv18.com Reported.
Top stocks to watch for the day:
Lupine: The pharmaceutical major’s consolidated net profit rose to Rs 542.46 crore in Q1FY22 from Rs 106.9 crore in Q1FY21. While the total income increased by 21 per cent to Rs 4,270.19 crore from Rs 3,527.6 crore.
Power Grid Corporation: The company reported a nearly three-fold jump in consolidated net profit at Rs 5,998.28 crore in Q1FY22 as against Rs 2,048.4 crore in the year-ago period. The company’s total income grew 8 per cent to Rs 10,216.5 crore from Rs 9,457.4 crore on a year-on-year basis.
Godrej Agrovet: The company reported 4.1 per cent growth in consolidated profit after tax (PAT) at Rs 104.75 crore during the quarter ended June 30, as against Rs 100.59 crore in the same period last fiscal. While revenue from operations grew 28.23 per cent to Rs 1,987.60 crore.
Cochin Shipyard: The country’s largest commercial shipbuilder’s Q1FY22 net profit fell 30 per cent to Rs 28.65 crore from Rs 41.43 crore in the same quarter last fiscal. Revenue fell to Rs 329.42 crore from Rs 332.47 crore.
Zomato: The restaurant aggregator and food delivery company’s net loss widened to Rs 356.2 crore during the quarter ended June 30, 2021, as against Rs 99.8 crore in the year-ago period.
GMR Infrastructure: The company said that its board will consider a proposal to raise up to Rs 6,000 crore through various routes in its meeting on August 13, 2021.
Siemens: The company’s single tax (PAT) profit grew manifold to Rs 162 crore during the quarter ended June 30, 2021. The company had reported a profit of Rs 10 crore in the year-ago quarter. Meanwhile, revenue from ongoing operations increased to Rs 2,658 crore from Rs 1,149 crore.
Yes Bank: The private lender has appointed Mahesh Ramamurthy as the Chief Information Officer.
RatanIndia Enterprises: The company plans to foray into the drone industry and has decided to make a strategic investment in US-based urban drone logistics platform Matternet.
Trent: The company’s net loss declined to Rs 138.29 crore in the first quarter of FY22 from Rs 184.04 crore in the corresponding quarter of last year. While consolidated revenue grew 98 per cent to Rs 491.9 crore from Rs 248.4 crore. Meanwhile, the company’s board approved the re-appointment of P Venkateshlu as Executive Director and Chief Executive Officer (CEO) for a period of three years with effect from October 6, 2021.
Galaxy Surfactants: The legacy surfactant company posted 36 per cent year-on-year growth in Q1FY22 net profit at Rs 76.8 crore and 36.7 per cent year-on-year revenue growth at Rs 830.9 crore.
Pesticides India: The company’s Q1FY22 consolidated net profit grew 43.5 per cent to Rs 34.96 crore from Rs 24.36 crore during the previous quarter ended June 2020. Total income increased by 14.3 per cent to Rs 468.26 crore from Rs 409.59 crore.
Prestige Estates Projects: The property development company reported a four-fold increase in its consolidated net profit to Rs 92.5 crore in Q1FY22. Its board also agreed to raise up to Rs 1,000 crore by issuing NCDs.
IRB Infrastructure Developers: The company reported net profit of Rs 71.9 crore in Q1FY22 as against Rs 30.13 crore during the previous quarter ended June 2020. Revenue grew 59 per cent to Rs 1,625.7 crore from Rs 1,022.3 crore.
Brookfield India Real Estate Trust: The trust reported 3.8 per cent year-on-year growth in net operating income to Rs 169.6 crore for Q1FY22. He also announced the disbursement of Rs 181.7 crore to the unitholders.
Aarey Drugs & Pharmaceuticals: The company posted a high profit of Rs 2.5 crore in Q1FY22 as against Rs 1.35 crore in the same quarter a year ago. Total income increased to Rs 97.51 crore from Rs 25.21 crore year-on-year.
Pricol: The automotive components and precision engineered products maker reported a consolidated profit of Rs 5.94 crore in Q1FY22 as against loss of Rs 30.85 crore during the corresponding quarter of last year. Revenue increased to Rs 319.91 crore from Rs 120 crore annually.
Gujarat Alkalies & Chemicals: The company’s Q1FY22 consolidated net profit rose to Rs 63.12 crore from Rs 31.81 crore in the year-ago period. While the revenue increased from Rs 469.61 crore to Rs 716.44 crore.
Ahluwalia Contracts (India): The company posted higher consolidated profit of Rs 34.78 crore in Q1FY22 as against Rs 7.47 crore in Q1FY21. While the revenue increased from Rs 249.84 crore to Rs 580.09 crore.
Earnings: Aptech, Ashiana Housing, Antony Waste Handling Cell, Aster DM Healthcare, Bata India, Bajaj Electricals, Cadila Healthcare, CESC, Credit Access Grameen, Cummins India, Endurance Technologies, Equitas Holdings, Force Motors, Greaves Cotton, HEG, India Cement , IDFC, Kolte-Patil Developers, Lemon Tree Hotels, Novartis India, Pidilite Industries, PNC Infratech and VIP Industries among others will release their quarterly earnings on August 11.
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