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Top 10 stocks for today

Here are the top 10 stocks with major news in them and the potential to move the markets today

August 05, 2022 7:58 IST | India Infoline News Service

The Singapore Exchange's Nifty futures traded 51.5 points, or 0.30%, higher at 17,448.5, indicating that the stock market may have a positive start on Friday. The following 10 stocks may be the most traded ones in today's market:

  1. Axis Bank:

The private lender will close its UK unit after the deal to sell OpenPayd Holdings 100% of the stake was terminated. Axis Bank told the exchanges in March 2021 that it has entered into a share purchase agreement with OpenPayd Holdings for the sale of a 100% stake in Axis Bank UK.

  1. Britannia Industries:

The bakery food company reported that the impact of inflationary headwinds caused its consolidated net profit to decline 13.24% to Rs335.74 crore in the April-June quarter of FY23. The business reported a net profit of Rs387.01 crore during the June quarter of the previous year.

  1. Adani Enterprises:

The flagship company of the Adani Group recorded an increase in consolidated profit of 76.48%, or Rs468.74 crore, for the first quarter ended in June. In the same period last year, the company reported a combined net profit of Rs265.60 crore.

  1. Lupin:

Due to a decline in US sales, the pharmaceutical company posted a combined net loss of Rs89 crore for the first quarter that ended in June. The Mumbai-based pharmaceutical company reported a net profit of Rs542 crore for the April-June period of the previous fiscal year.

  1. Yes Bank:

In light of the private lender's strategy to increase equity capital, Moody's reported that it has raised the rating while shifting the outlook to "stable." The private sector lender's long-term foreign currency issuer rating and long-term foreign and local currency back deposit ratings have been raised by the global rating agency to "Ba3" from "B2."

  1. Dabur India:

The domestic FMCG company recorded a small improvement in its consolidated net profit for the June quarter at Rs441.06 crore despite ongoing inflationary pressures. The business reported a net profit of Rs438.30 crore in the June quarter of the previous year.

  1. Berger Paints India:

For the first quarter ended June 30, 2022, the paint player recorded growth in consolidated net profit of 80.60% to Rs253.71 crore. In the June quarter of the previous year, the company reported a net profit of Rs140.48 crore.

  1. Macrotech Developers:

Ivanhoe Op India, the real estate division of the Canadian Pension Fund, sold 70.29 lakh shares, or 1.5% of the company, in open market transactions for an average price of Rs1,047.21 per share and Rs1,048 for Rs736.28 crore.

  1. Welspun Corp:

The company reported that greater income caused its standalone net profit to increase by 37% to Rs80.50 crore for the three months ending in June 2022. The company's standalone net profit for the last fiscal year was Rs58.73 crore.

  1. LIC Housing Finance:

With lesser provisioning and higher loan growth, the mortgage financier recorded an increase in its profit after tax for the quarter ended June 30 at Rs925.48 crore. In the corresponding quarter of the prior fiscal year, the company had reported an after-tax profit of Rs153.44 crore.

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