The Singapore Exchange's Nifty futures traded 61.5 points, or 0.35%, lower at 17,362, indicating that Dalal Street would have a bad start to the week. The following 10 stocks may be the most popular ones in today's market:
On the strength of high holiday demand, the jewellery and watch manufacturer recorded a multi-fold increase in consolidated net profit after tax at Rs790 crore in the first quarter ended in June. In the same period last year, the company reported a combined net profit of Rs18 crore.
In the first quarter that ended in June, the domestic auto player reported a consolidated profit after tax of Rs2,361 crore, powered by the excellent performance of its automotive and farm sector businesses. In the same period last year, the company reported a combined loss after tax of Rs332 crore.
Due to mark-to-market (MTM) losses, the largest lender in the nation recorded a 6.70% decline in its standalone profit after tax for the quarter ended in June, coming in at Rs6,068 crore. In the April through June quarter of fiscal 2022, the lender declared a profit after tax (PAT) of Rs6,504 crore on a standalone basis.
In the June quarter, the oil marketer player posted its highest-ever quarterly net loss of Rs10,196.94 crore as record refining margins were destroyed by a freeze on gasoline and diesel price revision. Between April and June, there was a standalone net loss of Rs10,196.94 crore as opposed to a net profit of Rs1,795 crore during the same time last year.
The domestic auto company announced that a deal had been reached for a subsidiary to buy Ford India's Sanand manufacturing facility for Rs725.7 crore. A Unit Transfer Agreement (UTA) for the purchase of the Gujarat-based factory has been signed by Ford India Pvt Ltd (FIPL) and Tata Passenger Electric Mobility Ltd (TPEML), both of which are subsidiaries of Tata Motors.
In the first quarter of the current fiscal year, the oil marketing company reported a net loss of Rs6,291 crore despite maintaining fuel prices despite cost increases. April through June saw a net loss of Rs6,290.8 crore compared to Rs3,192.58 crore during the same time last year.
On August 29, the state-owned electricity company would ask its shareholders for permission to issue bonds to raise up to Rs6,000 crore for the fiscal year 2023—2024. The plan is to issue bonds on a private placement basis in order to raise up to Rs6,000 crore from the domestic market.
For the first quarter ended in June, the textile giant posted a combined net profit of Rs81.93 crore, which was aided by a rise in sales. During the quarter from April to June of the prior fiscal, the company had reported a net loss of Rs157.10 crore.
For the first quarter ended June 30, 2022, the FMCG company reported a 3.28% growth in its consolidated net profit to Rs377 crore. In the months of April and June of the previous year, the company reported a net profit of Rs365 crore.
This fiscal year, the real estate company plans to expand with new home projects worth approximately Rs15,000 crore through outright land purchases and cooperative ventures with landowners.
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