Top 10 stocks for today

28 Jul 2022 , 07:43 AM

The Singapore Exchange’s Nifty futures traded 97 points, or 0.58%, higher at 16,780.5, indicating that markets would have a good start on Thursday. The following ten stocks have the potential to be the most popular ones in today’s market:

1. Colgate-Palmolive India:

The l FMCG company claimed that overall rural slowdown and inflationary pressures caused its net profit for the June quarter to fall by 10.1% to Rs209.67 crore. In the months of April and June of the previous year, the company reported a net profit of Rs233.23 crore.

1. Tata Motors:

The domestic auto major recorded a combined net loss of Rs4,951 crore for the June quarter as sales of Jaguar Land Rover were negatively impacted by chip shortages and the COVID-19 lockdown in China. In the same quarter of the prior fiscal year, the company reported a combined net loss of Rs4,450 crore.

1. Tata Consultancy Service:

The top software exporter in the nation struck a multi-year, multi-million-dollar agreement with Marks & Spencer on Wednesday in order to overhaul the British retailer’s human resource management.

1. United Breweries:

In the June quarter, the brewer recorded a five-fold increase in its consolidated net profit to Rs162.50 crore, primarily due to volume increases. The business, which is owned by the Dutch global brewer Heineken NV, reported a net profit of Rs30.94 crore in the same period last year.

1. Biocon:

On the strength of strong growth across business verticals, the biotechnology company announced a 71% increase in consolidated net profit at Rs144 crore for the June quarter. In the quarter from April to June of the prior fiscal, the company reported a net profit of Rs 4 crore.

1. SKF India:

In the April through June quarter of the current fiscal year, the manufacturer of auto components recorded a rise in its consolidated profit after tax of 63% to Rs129.12 crore. In the same quarter of the prior fiscal year, SKF India had a combined PAT of Rs79.12 crore.

1. Schaeffler India:

In the April through June quarter of this year, the provider of industrial and automotive components reported a net profit increase of 76% year over year, or Rs225.75 crore. The business’s net profit for the same period last year was Rs128.13 crore.

1. Poonawala Fincorp:

Due to increased loan disbursements and improved margins, the NBFC recorded a 180% increase in consolidated net profit at Rs141 crore for the April—June quarter. From Rs483 crore in the same quarter last year, the income increased to Rs572 crore in the reporting quarter.

1. Blue Dart Express:

In the three months ending in June 2021, the company reported a combined PAT (Profit After Tax) of Rs31.3 crore. In comparison to the same quarter a year prior, the logistics service provider’s consolidated profit after tax increased by more than three times, to Rs118.79 crore.

1. Welspun India:

The textiles company recorded a fall in its overall net profit of 90.41% to Rs21.36 crore for the quarter ending June 2022, mostly due to increased input costs. In the April-June quarter of the previous year, the company had reported a combined net profit of Rs222.90 crore.