Top 10 stocks for today

20 Jul 2022 , 08:23 AM

The Singapore Exchange’s Nifty futures traded 139.5 points, or 0.85%, higher at 16,477, indicating that equity markets may have a good start on Wednesday.

The following 10 stocks may be the most popular ones in today’s market:

1. Reliance & ONGC:

Less than three weeks after they were implemented, India reduced windfall taxes on other fuels and removed a tax on gasoline exports, providing relief for Reliance Industries & ONGC.

1. Reliance & Bharti Airtel:

According to Trai data, Reliance Jio, the country’s largest telecom provider, solidified its market dominance in May by adding more than 31 lakh new mobile users. In May, Reliance Jio added 31.11 lakh, wireless users, while Bharti Airtel added 10.27 lakh. Debt-ridden vodafone idea lost 7.59 lakh wireless users.

1. Hindustan Unilever:

For the first quarter ended June 30, the FMCG company recorded a 13.85% increase in its consolidated net profit to Rs2,391 crore, primarily due to higher product prices. In the April through June quarter of the prior fiscal year, the company reported a net profit of Rs2,100 crore.

1. HDFC Life:

In June 2022—2023, private life insurance recorded a 21% increase in net profit at Rs365 crore, helped by topline growth and a higher renewal ratio. When combined with first-year premium income, the total premium increased by 27% to Rs4,776 crore during the quarter from Rs7,656 crore a year earlier.

1. Grasim Industries:

With an investment of Rs2,000 crore over the following five years, the Aditya Birla Group has announced its entry into the B2B e-commerce platform for the building material category. This platform would primarily target MSMEs with the potential to later expand to other relevant categories.

1. Vedanta:

The mining company announced that its board had approved a second interim dividend for the current fiscal year of Rs19.50 per equity share. The entire payout would be Rs7,250 crore. The 27th of July is the record date for dividend payment purposes. The interim dividend will be paid in accordance with the legal deadlines.

1. Sterlite Technologies:

A telecom operator has awarded the telecom services technology company a Rs250 crore contract for the construction of an optical fiber network. This will allow STL to meet the telecom operator’s need for the construction of a high-performance, contemporary communication network.

1. Canara Bank:

The state-owned institution claimed that by issuing more tier I bonds this month that were Basel III compliant, it had raised Rs2,000 crore. On July 15, 2022, the bank announced the issuing of new tier-I bonds to raise Rs2,000 crore.

1. Ambuja Cement:

Due to increased fuel prices and their associated inflationary effects, the cement industry participant reported a 25.46% decline in consolidated net profit at Rs865.44 crore for June 2022 quarter. In the same quarter last year, the company recorded a net profit of Rs1,161.16 crore.

1. L&T Finance Holdings:

Due to its highest-ever quarterly retail disbursements, the financial player recorded a 47% increase in net profit at Rs261 crore for the quarter ending June 2022. In the same quarter in 2021, the non-banking financial organization reported a net profit of Rs177 crore.