Top 10 stocks for today

26 Jul 2022 , 08:39 AM

The Nifty futures contract on the Singapore Exchange fell 27 points, or 0.16%, to 16,591.5, indicating that the stock market may begin Tuesday with a loss. The following 10 stocks may be the most popular ones in today’s market:

1. Tech Mahindra:

The software exporter reported a 16.4% decline in the June quarter net at Rs1,132 crore as a result of a number of issues that caused its profit margins to contract. The fifth-largest IT exporter in the nation, the Mahindra Group company, reported a net profit of Rs1,353 crore during the last 12-month period.

1. Tata Steel:

Due to rising raw material and financing costs, the local steel giant reported a 21% decline in its consolidated net profit to Rs7,714 crore for the April—June period. In the same period of 2021—2022, the company had generated a net profit of Rs9,768 crore.

1. Axis Bank:

A sharp decrease in the amount set aside for bad loans enabled the third-largest private sector lender to announce an 86% increase in its consolidated June quarter net at Rs4,380.59 crore. The company’s net profit increased by 91% to Rs4,125.26 crore on an individual basis.

1. Mahindra & Mahindra:

The domestic auto giant has teamed up with Visteon Corporation to equip its brand-new Scorpio-N SUV with an immersive in-vehicle experience. The Scorpio-N has a 20.32 cm entertainment system with navigation and a 17.78 cm colour driver information display.

1. Bajaj Finserv:

The proposal for a stock split of the company’s equity shares will be discussed by the board of directors of the financial services company. A company can increase the number of outstanding shares through a stock split while also lowering share prices without having any impact on the company’s overall market capitalization. It will also take into account the suggestion to issue bonus equity shares.

1. Sun Pharma:

According to the Life Insurance Corporation, it sold a 2% stake in the pharmaceutical company for around Rs3,882 crore, reducing its ownership of the company. Between May 17, 2021, and July 22, 2022, the shares were sold on the open market.

1. Lupin:

The pharmaceutical company announced that the US Health Regulator has given them the go-ahead to offer generic medications for the treatment of high blood pressure. The Mumbai-based business claimed that the US Food and Drug Administration (FDA) has given the go-ahead for the sale of tablets containing azilsartan medoxomil.

1. Macrotech Developers:

Due to better sales, the real estate company reported a 68% increase in its consolidated net profit to Rs270.80 crore for the June quarter. In the prior fiscal year, the company’s net profit totalled Rs160.91 crore.

1. Jindal Stainless:

Due to increasing income, the iron and steel producer recorded a rise in its consolidated net profit of roughly 8% to Rs329.37 crore in the April—June quarter. The business made a net profit of Rs305.84 crore during the same 2021—22 period.

1. Indian Energy Exchange:

In the June quarter, the energy exchange increased its overall net profit by nearly 11% to Rs69.12 crore from the corresponding period in the previous year. The company’s combined net profit for the three months that ended on June 30, 2021, was Rs62.10 crore.