Top 10 stocks for today

19 Jul 2022 , 08:32 AM

The Singapore Exchange's Nifty futures is trading 0.75%, lower at 16,167.5, indicating that Indian equity markets may have a bad start to the day on Tuesday. The following 10 stocks may be the most popular ones in today's market:

1. Mahindra & Mahindra:

The domestic car company announced that it has increased its ownership of its Sampo Rosenlew Oy subsidiary in Finland to 100% through the purchase of residual shares for more than Rs35 crore. By purchasing an additional 1,050 shares for Rs31.15 crore in 2020, the business raised its stake in the manufacturer of combine harvesters to 79.13%.

1. IndusInd Bank:

The private lender announced that a plan to raise Rs20,000 crore in debt to finance company expansion has been authorized by its board. The suggestion was accepted by the bank board at a meeting that was convened.

1. NTPC & Indian Oil:

The oil marketer and the state-owned power company have signed an agreement to create a joint venture company to address the electricity needs of the oil major's planned projects. On July 18, 2022, they exchanged contracts to establish a joint venture business.

1. Coal India:

The first short-term coal import tender, in which Adani Enterprises placed the lowest bid, has been cancelled by the state-owned company. Adani Enterprises was previously chosen for the short-term cargo after providing a bid of around Rs17,000 + per tonne for importing 2.416 MT of coal.

1. Yes Bank:

For a potential 20% interest in asset reconstruction company JC Flowers, which has emerged as the lowest bidder for the lender's bad loans worth Rs48,000 crore, the private lender would put up to Rs350 crore. Once the NPA crisis is over, it intends to raise up to $1 billion in FY23 to strengthen its core capital basis.

1. Adani Wilmar:

Cooking oil prices are being reduced by up to Rs30 per litre by the biggest producer of edible oils. This is the second price cut in less than a month due to falling global rates. The owner of the Fortune brand, which holds a nearly 20% market share, announced the arrival of new edible oil supplies with updated MRPs.

1. Bank of Maharashtra:

A solid net interest income and an improvement in asset quality enabled the state-run bank to record a more than two-fold increase in net profit to Rs452 crore in the April-June quarter. In the same quarter of fiscal 2022, the lender had reported a net profit of Rs208 crore on a standalone basis.

1. Zydus Lifesciences:

The pharmaceutical company announced that the US health regulator has given its subsidiary permission to market the antifungal Efinaconazole Topical solution. The US Food and Drug Administration (USFDA) has given Zydus Worldwide DMCC the go-ahead to launch the product in US market.

1. Nelco:

For the quarter that ended in June 2022, the satellite communications company's consolidated profit increased 7.8% year over year to Rs4.72 crore. This rise was driven by a strong top line as revenue increased by 48% to Rs81.86 crore.

1. PTC India:

The electricity trading firm disclosed that it has struck contracts with five tech firms. Memoranda of Understandings (MoUs) have been signed with Greenstat, AutoGrid, Hexagon, and Chemtrols, as well as Ircon International Limited.