Amid solid domestic cues, Tuesday’s Sensex and Nifty indices will likely get off to a positive start. India’s retail inflation in July hit its lowest level in five months at 6.71%. Wholesale inflation data will guide market sentiment today.
At 7:30 am, SGX Nifty futures were quoted at 17,850, up about 140 points from the previous Nifty futures close.
That said, here are the stocks that are likely to see the market move today.
Featured Junjunwala Strains: Shares in companies owned by Rakesh Jhunjhunwala will come into the limelight on Tuesday after the death of an ace investor. Titan, Star Health Insurance and Metro Brands are the most exposed stocks in terms of market value.
mm: On Monday’s 75th anniversary of India’s independence, Mahindra & Mahindra (M&M) unveiled five electric SUVs. The auto giant also showcased its new electric vehicle (EV) platform INGLO at the newly opened Mahindra Advanced Design Europe (MADE) in Oxfordshire, UK. read here
In addition, the company and the Volkswagen Group have expanded their cooperation, announcing that a German automaker has signed a conditional agreement to supply electric vehicle components to an Indian automaker.
max health care: American private equity giant KKR and Co will sell up to 26.83% of Max Healthcare Institute for 9,416 kroner in a block deal on Tuesday. Managed by Jeffries India and India’s Kotak Securities, the proposal marks the exit of KKR from the company. Under the terms of the deal, the shares will be sold at a price of Rs 350 to 362 per share, a discount of 3.29% from Friday’s closing price. read more
Life Insurance Corporation of India: The state-owned insurance giant reported a net profit of Rs. In the same period last year, the insurer’s profit was only Rs 2.94 billion. However, these numbers are not comparable. Because the company confirmed his insurance liability every year until his 2021 fiscal year. read here
Oil and Gas Corporation: Oil and gas producers on Friday said their net profits tripled in the June quarter as they hit record prices before the government taxed unexpected gains stemming from rising global energy prices. Reported. Oil and Natural Gas Corporation (ONGC)’s non-consolidated net profit was Rs.1520.585 billion or Rs.12.09 per share for April to June compared with Rs.433.475 billion or Rs.3.45 per share for the same period last year. read more
Hero Moto Corp: Hero MotoCorp reported a 71% year-over-year (YoY) increase in net profit for the April-June quarter. This was due to higher sales of motorcycles and scooters and a lower base last year. Q1 2022 sales volumes were impacted by the second wave of COVID-19. read here
G Entertainment Enterprise: Zee Entertainment reported on Friday that its consolidated net profit fell by 48.94% to Rs 10.66 billion in the first quarter ended 30 June 2022 due to the difficult macroeconomic conditions, the company said. Stated. The broadcaster had reported a net profit of Rs 28.78 crore for him from April last year to June. Profit for the quarter under review was Rs 187.953 crore compared to his Rs 180.856 crore reported in the same period last year. read more
Muthoot Finance: The financial company posted a net profit of Rs.820 crore in the first quarter of 2022-23. This is down 17% from his Rs 971 crore in the first quarter of 2021-22 (in terms of loan portfolio). Total revenue for the quarter decreased by 8% to Rs 2,509 crore compared to Rs 2,715 crore for the same quarter in 2021-2022. read here
BEML: BEML will soon list the land holding company on the exchange after receiving approval from the Ministry of Internal Affairs and Communications to support efforts to privatize the Defense Public Sector (PSU).. read here
Aditya Birla Fashion and Retail: The company is cautiously optimistic about its fiscal year 23, saying the company is on a growth trajectory with its digitized and structurally transformed business, said Chairman Kumar Mangalam Birla. read more
Indiables Real Estate: The company reduced its net debt by 54% to Rs 464 million in the three months ended June compared to the March quarter. Additionally, according to an investor presentation by Indiabulls Real Estate Ltd (IBREL), the merger with Embassy Group is in the final stages of review by the National Company Law Tribunal (NCLT). read here
apollo tires: The tire maker posted a 49% year-on-year growth with a consolidated profit of Rs 190.7 million for the quarter ended June 2023 on a low basis.
mite service: The company posted a consolidated loss of Rs.103.91 crore for the quarter ended June 2023, down from a loss of Rs.109.24 crore in the same period last year. This was primarily supported by a sharp decline in impairment losses on financial assets, but was impacted by lower operating income. During the quarter, it decreased by 19% year-on-year to Rs 246.4 million.
Sun TV Network: The company reported a consolidated profit of Rs 494 million for the quarter ended June 2023, representing a year-on-year increase of 35.3%, driven by operating profit and top-line growth.
Wokhardt: The company posted a consolidated loss of Rs.750 crore for the quarter ended June 2023. Revenue decreased by 31% compared to the same period last year to Rs.595 million.
Varroc Engineering: The company posted a loss of INR 3.88 billion in the quarter ended June 2023, narrowing the loss from INR 1.636 billion in the same period last year.
Dilip Bildcon: The Road Developer posted a consolidated loss of INR 55.1 billion in the quarter ended June 2023, compared to a profit of INR 32.86 billion in the same period last year, down to INR 410 million in the previous quarter due to poor operating results. Losses increased progressively from Rs 90 crore.
Ergi equipment: The company reported a consolidated profit of Rs 4.87 billion for the quarter ended June 2023, a year-on-year growth of 305%.
Astral: The company posted a consolidated profit of Rs 93.8 billion for the quarter ended June 2023, up 25% year-on-year.
Aegis Logistics: The logistics company reported a consolidated profit of Rs 103.37 crore for the June quarter 2023, up 55% year-on-year. Operating income increased by 230% over the same period last year to Rs 223.55 billion.
Bajaj Healthcare: The company reported a profit of Rs 120.2 billion for the quarter ended June 2023, down 37.5% year-on-year. Revenue fell by 7.3% to Rs 172 million as compared to the same period last year.
Ahluwalia Contracts (India): The company reported consolidated profit for the quarter ended June 2023 of Rs 3.777 billion, up 8.6% year-on-year, and operating revenue of Rs 609.25 million, up 5% year-on-year.
Hinduja Global Solutions: The company posted a consolidated profit of Rs 73.26 billion for the quarter ended June 23, an increase of 869% over the previous year. Revenue increased by 14% compared to the same period last year to Rs.912 million.
F&O Prohibited Stocks: Tata Chemicals, Balrampur Chini Mills, Delta Corp.