Stocks to watch today: Coal India and Tata Consumer Products will report their June quarter results (Q1FY23) on Wednesday, August 10; NTPC plans to fundraise Rs 12,000 crore through NCDs.
CLOSING BELL: Coal India, M&M, Bajaj Finserv, HDFC Bank, Hindalco, Axis Bank, NTPC, L&T, HDFC, Dr Reddy's Labs, RIL, IndusInd Bank, and Apollo Hospitals were the top gainers on the 50-pack index today
On July 28, 2022, Bajaj Finserv's board had approved 1:1 bonus issue and 1:5 stock split.
Paytm and Nykaa have logged smart gains gains in trade so far on Monday post Q1 results, while SBI and BPCL declined notably. Going ahead these are the key levels to be watched on these stocks.
Gradual improvement in margin, steady operational efficiency coupled with adequate provision buffer to aid earning momentum, analysts said.
Stocks to watch today: Bharti Airtel and Adani Ports will report their June quarter results (Q1FY23); Titan saw 13-fold jump in net profit to Rs 790 crore in Q1FY23.
CLOSING BELL: While an in-line repo rate hike of 50 basis points gave ammunition to the bulls, bears tried to drag the indices as inflation projections were maintained for fiscal 2022-23 (FY23)
Manappuram Finance has so far on Friday post RBI rate hike has logged its biggest intra-day gain this year, the stock along with DLF, SBI and Bajaj Auto can rally up to 14 per cent in the near term.
The management commentary suggests Q2FY23 to be weak (QoQ decline) due to sluggish demand prospects in Europe and US.
According to the analyst from Anand Rathi, IndusInd Bank has rallied sharply in the recent days without any corrective move, and is currently facing some headwinds at 200-WMA.
CLOSING BELL: PSU banks were the worst hit today with the Nifty PSB index down 1.75 per cent
The advent of new educational policy would bring changes in the curriculum of the school syllabus and will directly impact the company's business positively, acting as a strong growth driver.
The company reported a 3.3-fold jump in Q1 net profit at Rs 435.66 crore, following which the stock has rallied smartly in the last seven trading sessions.
MindTree, Mphasis and Larsen & Toubro Infotech may rally up to 24 per cent, while Infosys needs to overcome its near-term hurdle for fresh gains.
Earlier, Subex and JPL announced partnership for AI Orchestration Platform, HyperSense, which will enable telcos to deliver on the promise of AI across data value chain.
Till 10:11 am; around 6.2 million shares or 1.33 per cent of total equity of the company changed hands on the NSE, exchange data shows.
A nation-wide heatwave and broadening of the recovery in economic activity continued to drive electricity demand growth in the first quarter of FY23, the company said.
CLOSING BELL: All sectors, except IT and Financial Services, witnessed selling pressure today, led by auto, pharma, and public sector banks
Analysts, on average, expect the company to post a 2 per cent drop in core profit-after-tax (PAT) to Rs 378 crore in Q1FY23 from Rs 387 crore in the year-ago period.
Among the most buzzing stocks, Spicejet surged 18 per cent. MOIL soared close to 9 per cent, while eClerx Services, Brigade Enterprises and Rossari Biotech were trading with 5-6 per cent gains