Top 10 stocks for today

22 Jul 2022 , 08:23 AM

The Nifty futures contract on the Singapore Exchange rose 38 points, or 0.23%, to 16,655.5, indicating that Indian equity markets will open the day higher on Friday. The following 10 stocks may be the most popular ones in today’s market:
 

1. PVR:

A major multiplex chain operator declared a combined net profit for the June quarter of Rs53.38 crore. In the quarter of April through June of the previous year, the company reported a net loss of Rs219.44 crore.

1. Enami:

The FMCG company announced its debut in the pet care market by investing an unknown amount in a startup company for 30% of the company. The corporation made it clear that it is not involved in the pet food market, which is the main source of revenue for the multi-billion-dollar sector.

1. RBL Bank:

In contrast to a loss of Rs462.25 crore in the same quarter last year, the private sector lender posted a consolidated net profit of Rs208.66 crore in the June quarter. In the prior March quarter, it had declared a net profit of Rs164.77 crore. Its post-tax profit for the reporting quarter was Rs201.16 crore on an individual basis.

1. Biocon:

According to the biotechnology company, US health authorities issued three observations following an inspection of its manufacturing facility in Telangana. The pre-approval inspection for Site 3 in Hyderabad was completed by the US Food and Drug Administration (USFDA) on July 20.

1. Hindustan Zinc:

In the June quarter, the metal miner reported a consolidated net profit increase of 55.9% to Rs3,092  crore, primarily due to increased metal prices. In the first quarter of the previous fiscal year, the company reported a combined net profit of Rs1,983 crore.

1. ICICI Securities:

Despite an increase in revenue over the same period, the fbrokerage company recorded a 12% fall in net income for the June quarter at Rs273 crore. In the first quarter of this fiscal year, the company’s top line increased by 6% to Rs795 crore because of strong growth in retail allied and distribution income.

1. JSW Energy:

The power company reported that greater sales were the main cause for its net profit increase of 189% to Rs560 crore in the June quarter. Profit after Tax was Rs560 crore, up 189% year over year from a PAT of Rs201 crore during the same period the prior year.

1. IDBI Bank:

The private lender’s standalone profit after tax (PAT) increased by 25% to Rs756 crore in the three months ending in June, thanks to stronger asset quality, better recoveries, and fewer provisions. In the same quarter last year, the institution earned a standalone net profit of Rs603 crore.

1. Hitachi Energy India:

In the June quarter, the sustainable energy company’s net profit decreased by roughly 92% year over year to Rs1.34 crore, primarily as a result of higher commodity prices and supply chain bottlenecks. An Rs16.30 crore net profit was declared by the corporation for the quarter that ended on June 30, 2022.

1. NLC India:

The electric utility company announced that investment proposals totaling Rs14,944.91 crore have been authorized by the board for the establishment of mining and power projects in Tamil Nadu. The organization, which reports to the coal ministry, intends to invest more than Rs43,000 crore in a number of mining and power projects.