Top 10 stocks for today

13 Jul 2022 , 08:20 AM

The Singapore Exchange’s Nifty futures traded 41 points, or 0.26%, higher at 16,101, indicating that the markets will have a good start on Wednesday. The following twelve stocks may be the ones that are likely to see most movement in the markets today.

Here are the stocks with major news in them and the potential to move the markets:

1. HCL Technologies:

For the three months that concluded in June 2022, the IT services company’s consolidated net profit increased by 2.4% year over year to Rs3,283 crore. The company, which has its headquarters in Noida, reported revenue of Rs23,464 crore, which was up roughly 17% over the same period last year.

1. Axis Bank:

According to the private lender, Rakesh Makhija has been reappointed as the non-executive chairman through October 2023 with RBI approval. Makhija has been reappointed as the non-executive (part-time) chairman of the bank, effective from July 18 through October 26. This was authorized by the RBI in a letter dated July 12th.

1. Vodafone Idea:

The telecom company, which goes by the name Vi, has released study guides for the Agniveer exams that the Indian Defense Forces would be administering this year.

1. Sterling and Wilson Renewable Energy:

For the quarter ended June 30, the renewable energy company recorded an increase in its overall net loss to Rs355.99 crore, primarily due to higher input costs. The business recorded a net loss of Rs76.02 crore from April to June of the 2021—22 fiscal year.

1. NMDC:

The price of lump ore has been reduced by Rs500 a tonne by the largest iron ore producer in the nation. The business, which is also the mineral’s top seller, put the pricing into effect on Tuesday.

1. Delta Corp:

Due to a significant increase in revenues, the casino and gaming corporation generated a profit and reported a net profit of Rs53.17 crore in the quarter that ended in June 2022. In the same time period the year before, it had reported a net loss of Rs28.93 crore.

1. Anand Rathi Wealth:

For the three months that concluded in June 2022, the non-bank wealth solutions provider recorded a 33.6% increase in earnings after tax, coming in at Rs39.7 crore. In contrast, during the same quarter of the prior fiscal year, the company reported a Profit After Tax (PAT) of Rs29.7 crore.

1. SJVN:

With a total investment of Rs690.75 crore and a combined generation capacity of 125 MW, the two solar power projects in Uttar Pradesh will be built by the state-owned utility company.

1. UCO Bank:

The state-owned institution has been given the go-ahead by its shareholders to issue up to Rs100 crore shares in order to increase equity capital. To promote growth, the bank would raise equity capital as needed during the current fiscal year.

1. CARE Ratings:

On July 20, CARE Ratings will contemplate a share repurchase. The board of directors will discuss a proposal for a share buyback on July 20 according to the ratings agency’s BSE filing.