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:
Shriram Finance, Bajaj Finserv, Cipla, Bank of Baroda, Aadhar Housing Finance, ACME Solar Holdings, Gujarat Mineral Development Corporation, Laurus Labs, Paras Defence and Space Technologies, Petronet LNG, Poonawalla Fincorp, Steel Authority of India, SBI Cards and Payment Services, Sobha, and Tata Chemicals will release their quarterly earnings on July 25.
Kotak Mahindra Bank, Lodha Developers, IDFC First Bank, Affle 3I, Balkrishna Industries, Premier Energies, SBFC Finance, and Whirlpool of India will announce their quarterly numbers on July 26.
eClerx Services Q1 (Consolidated YoY)
Profit grows 26.4% to Rs 141.6 crore Vs Rs 112 crore
Revenue jumps 19.5% to Rs 934.6 crore Vs Rs 781.9 crore
eMudhra Q1 (Consolidated YoY)
Profit soars 39.4% to Rs 24.9 crore Vs Rs 17.8 crore
Revenue surges 59.3% to Rs 147.3 crore Vs Rs 92.4 crore
Subsidiary eMudhra Inc to acquire 100% stake in AI Cyber Forge Inc, USA
Karur Vysya Bank Q1 (YoY)
Profit grows 14% to Rs 521 crore Vs Rs 459 crore
Net interest income increases 5% to Rs 1,080 crore Vs Rs 1,027 crore
Gross NPA falls to 0.66% Vs 0.76% (QoQ)
Net NPA declines to 0.19% Vs 0.2% (QoQ)
Indian Energy Exchange (IEX) Q1 (Consolidated YoY)
Profit jumps 25.2% to Rs 120.7 crore Vs Rs 96.4 crore
Revenue grows 14.7% to Rs 141.8 crore Vs Rs 123.6 crore
Tanla Platforms Q1 (Consolidated YoY)
Profit declines 16.2% to Rs 118.4 crore Vs Rs 141.2 crore
Revenue rises 3.8% to Rs 1,040.7 crore Vs Rs 1,002.2 crore
Phoenix Mills Q1 (Consolidated YoY)
Profit increases 3.5% to Rs 240.7 crore Vs Rs 232.5 crore
Revenue rises 5.4% to Rs 953 crore Vs Rs 904.1 crore
Company to buy 49% stake in subsidiary Island Star Mall Developers from CPP Investments for Rs 5,449 crore
Anant Raj Q1 (Consolidated YoY)
Profit zooms 38.3% to Rs 125.9 crore Vs Rs 91.01 crore
Revenue jumps 25.6% to Rs 592.4 crore Vs Rs 471.8 crore
Johnson Controls-Hitachi Air Conditioning India Q1 (YoY)
Profit tanks 57.8% to Rs 15.3 crore Vs Rs 36.2 crore
Revenue falls 14.4% to Rs 852.6 crore Vs Rs 996 crore
KFin Technologies Q1 (Consolidated YoY)
Profit increases 13.5% to Rs 77.3 crore Vs Rs 68.1 crore
Revenue jumps 15.4% to Rs 274 crore Vs Rs 237.6 crore
Suryoday Small Finance Bank Q1 (YoY)
Profit sinks 50% to Rs 35 crore Vs Rs 70 crore
Net interest income drops 15.7% to Rs 247 crore Vs Rs 293 crore
Net NPA jumps to 5.6% Vs 4.6% (QoQ)
Gross NPA rises to 8.5% Vs 7.2% (QoQ)
Cyient Q1 (Consolidated YoY)
Profit grows 6.9% to Rs 153.8 crore Vs Rs 143.9 crore
Revenue increases 2.2% to Rs 1,711.8 crore Vs Rs 1,675.7 crore
Trident Q1 (Consolidated YoY)
Profit spikes 89.8% to Rs 140 crore Vs Rs 73.7 crore
Revenue falls 2% to Rs 1,706.9 crore Vs Rs 1,742.7 crore
REC Q1 (Consolidated YoY)
Profit jumps 29% to Rs 4,465.7 crore Vs Rs 3,460.2 crore
Revenue grows 12.7% to Rs 14,737.5 crore Vs Rs 13,078.7 crore
UTI Asset Management Company Q1 (Consolidated YoY)
Profit drops 6.8% to Rs 236.9 crore Vs Rs 254.2 crore
Revenue rises 3.3% to 546.9 crore Vs Rs 529.2 crore
Aether Industries Q1 (Consolidated YoY)
Profit zooms 57.1% to Rs 47 crore Vs Rs 29.9 crore
Revenue jumps 42.3% to Rs 256.1 crore Vs Rs 180 crore
Stocks to Watch
Torrent Power is in talks to buy the thermal business unit of Larsen & Toubro for about $1 billion, including debt, reports Bloomberg.
Sun Pharma has signed a settlement agreement with the End Purchaser Plaintiffs in the generic pharmaceuticals pricing antitrust litigation in the US. Under the terms of the settlement agreement, the company's subsidiaries will make an aggregate payment of $200 million in exchange for a full release of all claims asserted against them in the End Purchaser Action by the settlement class members.
The company has received an order worth Rs 221.3 crore for the EPC of sewage treatment plants, including the reuse of treated wastewater, from the Bangalore Water Supply and Sewerage Board.
The company has emerged as the L-1 bidder for an EPC project involving the construction of the Giridih Bypass (towards Tundi) road in Jharkhand. The contract is valued at Rs 290.23 crore.
Adani Enterprises is divesting a 50% stake in its subsidiary, Kutch Copper Tubes, to MetTube Mauritius. Concurrently, the company will acquire a 50% stake in MetTube Copper India, a wholly owned subsidiary of MetTube. This alliance is aimed at delivering solutions to the heating, ventilation, and air conditioning (HVAC) industry and at reducing India’s dependence on imported copper tubes.
Bulk Deals
Pictet - Indian Equities sold 60 lakh shares at Rs 131.5 per share.
Long Term India Fund bought 12.5 lakh shares at Rs 1,180 per share.
SBI Funds Management bought 7.56 lakh shares at Rs 505 per share.
Stocks Trade Ex-Dividend
HDFC Bank
UltraTech Cement
Union Bank of India
Zydus Lifesciences
Divis Laboratories
Life Insurance Corporation of India
Lupin
Jubilant Ingrevia
Jubilant Pharmova
KEC International
3M India
Abbott India
Akzo Nobel India
Albert David
Arvind
Arvind SmartSpaces
Associated Alcohols & Breweries
Bemco Hydraulics
Bhageria Industries
Bharti Hexacom
BN Rathi Securities
Bombay Cycle & Motor Agency
Capital Small Finance Bank
Central Bank of India
Centum Electronics
Fine Organic Industries
Flex Foods
Fortis Healthcare
GMM Pfaudler
GOCL Corporation
HB Stockholdings
ICRA
Kirloskar Brothers
Ksolves India
Mafatlal Industries
Mukand
Info Edge (India)
Nelcast
Nitta Gelatin India
Oberoi Realty
Orient Cement
Precision Wires India
Indian Metals & Ferro Alloys
Infobeans Technologies
Julien Agro Infratech
Sealmatic India
Shriram Pistons & Rings
Steelcast
Sumitomo Chemical India
Thyrocare Technologies
Tube Investments of India
Timken India
Transworld Shipping Lines
Stock Trades Ex-Date for Rights
Jtekt India
Stocks Trade Ex-Date for Split
Kellton Tech Solutions
RIR Power Electronics
Stock Trades Ex-Bonus
Shine Fashions (India)
Stock Trades Ex-Date for Resolution Plan -Suspension
Taaza International
Stocks in F&O ban
Indian Energy Exchange
RBL Bank
Stocks Out of F&O ban
Bandhan Bank
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