Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, order wins, and acquisitions, here’s a quick look at which stocks will be in focus in today's trade:
Larsen & Toubro, NTPC, Asian Paints, Amber Enterprises India, Bank of India, Dilip Buildcon, Deepak Fertilisers & Petrochemicals Corporation, GMR Airports, Happiest Minds Technologies, International Gemmological Institute India, Jubilant Pharmova, Piramal Enterprises, Star Health and Allied Insurance Company, Triveni Engineering & Industries, Varun Beverages, and Welspun Corp will announce their quarterly earnings on July 29.
IndusInd Bank Q1 (Standalone YoY)
Profit sinks 68.2% to Rs 684.3 crore Vs Rs 2,152.2 crore
Net interest income falls 14.2% to Rs 4,639.8 crore Vs Rs 5,407.6 crore
Pre-provision operating profit tanks 32.5% to Rs 2,652.2 crore Vs Rs 3,926.7 crore
Provisions and contingencies drop 65.5% to Rs 1,737.8 crore Vs Rs 1,049.8 crore
Gross NPA jumps to 3.64% Vs 3.13% (QoQ)
Net NPA rises to 1.12% Vs 0.95% (QoQ)
Gail (India) Q1 (Consolidated YoY)
Profit falls 25.2% to Rs 2,382.2 crore Vs Rs 3,183.4 crore
Revenue grows 1.6% to Rs 35,310.7 crore Vs Rs 34,737.8 crore
Waaree Energies Q1 (Consolidated YoY)
Profit zooms 89% to Rs 745.2 crore Vs Rs 394.2 crore
Revenue jumps 29.8% to Rs 4,425.8 crore Vs Rs 3,408.9 crore
Paradeep Phosphates Q1 (Consolidated YoY)
Profit spikes 47-fold to Rs 256 crore Vs Rs 5.4 crore
Revenue zooms 57.9% to Rs 3,754 crore Vs Rs 2,377.4 crore
NTPC Green Energy Q1 (Consolidated YoY)
Profit surges 59% to Rs 220.5 crore Vs Rs 138.6 crore
Revenue grows 17.6% to Rs 680.2 crore Vs Rs 578.5 crore
Go Digit General Insurance Q1 (YoY)
Gross written premium jump 12.1% to Rs 2,981.8 crore Vs Rs 2,660.4 crore
Net written premium falls 3.8% to Rs 1,950.6 crore Vs Rs 2,026.8 crore
Operating profit zooms 45.5% to Rs 120.9 crore Vs Rs 83.1 crore
Profit grows 36.5% to Rs 138.3 crore Vs Rs 101.3 crore
Mazagon Dock Shipbuilders Q1 (Consolidated YoY)
Profit declines 35% to Rs 452.2 crore Vs Rs 696.1 crore
Revenue increases 11.4% to Rs 2,625.6 crore Vs Rs 2,357 crore
Railtel Corporation of India Q1 (Consolidated YoY)
Profit surges 35.8% to Rs 66.1 crore Vs Rs 48.7 crore
Revenue grows 33.3% to Rs 743.8 crore Vs Rs 558.1 crore
Adani Total Gas Q1 (Consolidated YoY)
Profit declines 3.8% to Rs 165.2 crore Vs Rs 171.8 crore
Revenue jumps 20.9% to Rs 1,498.3 crore Vs Rs 1,239 crore
KEC International Q1 (Consolidated YoY)
Profit zooms 42.3% to Rs 124.6 crore Vs Rs 87.6 crore
Revenue increases 11.3% to Rs 5,022.9 crore Vs Rs 4,511.9 crore
Torrent Pharmaceuticals Q1 (Consolidated YoY)
Profit soars 20% to Rs 548 crore Vs Rs 457 crore
Revenue rises 11.2% to Rs 3,178 crore Vs Rs 2,859 crore
Motherson Sumi Wiring Q1 (YoY)
Profit falls 3.9% to Rs 143.1 crore Vs Rs 148.9 crore
Revenue increases 14.2% to Rs 2,494 crore Vs Rs 2,184.8 crore
Quess Corp Q1 (Consolidated YoY)
Profit rises 4% to Rs 51 crore Vs Rs 49 crore
Revenue grows 1.8% to Rs 3,651.4 crore Vs Rs 3,586.9 crore
Chemplast Sanmar Q1 (Consolidated YoY)
Loss stands at Rs 64.3 crore Vs profit of Rs 23.9 crore
Revenue declines 3.9% to Rs 1,100 crore Vs Rs 1,144.9 crore
Bajaj Healthcare Q1 (YoY)
Profit zooms 65.9% to Rs 11.8 crore Vs Rs 7.1 crore
Revenue jumps 12.5% to Rs 148.8 crore Vs Rs 132.2 crore
Archean Chemical Industries Q1 (Consolidated YoY)
Profit declines 10.4% to Rs 40.2 crore Vs Rs 44.9 crore
Revenue surges 37.5% to Rs 292.4 crore Vs Rs 212.7 crore
Five-Star Business Finance Q1 (YoY)
Profit rises 5.9% to Rs 266.3 crore Vs Rs 251.6 crore
Net interest income grows 19.6% to Rs 577.4 crore Vs Rs 482.9 crore
Stocks to Watch
The company has emerged as the lowest (L1) bidder for an order worth Rs 2,956.66 crore in a tender floated by South Eastern Coalfields. The contract involves handling, transport, and other mining services—including the hiring of HEMM (Heavy Earth Moving Machinery) for overburden removal and coal extraction by surface miner, as well as loading and transportation of the extracted coal to various destinations at the Gevra OCP expansion project in Chhattisgarh.
The company’s subsidiary, RPSG Sports Ventures (RPSVPL), has executed a Share Purchase Agreement with the England and Wales Cricket Board (ECB) for the acquisition of a 70% equity stake in Manchester Originals for GBP 81.21 million, to be paid over a period of 24 months. With this transaction, Manchester Originals has become a subsidiary of RPSVPL and a step-down subsidiary of RPSG Ventures.
Oil and Natural Gas Corporation
ONGC, in partnership with BP Exploration (Alpha) and Reliance Industries, has signed a Joint Operating Agreement (JOA) for offshore exploration of a block in the Saurashtra Basin.
Bulk Deals
BofA Securities Europe SA has bought 5.54 lakh shares at Rs 538.24 per share.
Unifi Capital has acquired 72.41 lakh shares at Rs 231.5 per share.
Promoter Starwings Realtors has bought 2.96 lakh shares at Rs 202.33 per share.
SME Listing on July 29
Monarch Surveyors & Engineering Consultants
Stocks Trade Ex-Dividend
Bosch
Aeroflex Industries
Apar Industries
Alembic Pharmaceuticals
Eveready Industries
GPT Healthcare
Punjab & Sind Bank
Rane Holdings
Resonance Specialties
Rane (Madras)
SRF
Taparia Tools
Stock Trades Ex-Date for Income Distribution (InvIT)
IndiGrid Infrastructure Trust
Stock Trades Ex-Date for Rights
Inox Wind
Stock in F&O ban
RBL Bank
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