Top 10 stocks for today

29 Jul 2022 , 08:05 AM

The Singapore Exchange’s Nifty futures traded 193.5 points, or 1.14%, higher at 17,140.5, indicating that the markets will have a good start on Friday. The following 10 stocks may be the most popular ones in today’s market:

1. SBI Life Insurance:

Despite significant investment losses countering the strong premium growth, the largest private sector life insurer recorded an 18% increase in net income at Rs263 crore in the April-June quarter. It said that from Rs8,312.5 crore a year earlier, its net premium income increased to Rs11,036 crore in the reporting period.

1. Dr Reddy’s Laboratories:

The pharmaceutical giant reported that its consolidated profit after tax for the three months ended June 30 increased by 108% to Rs1187.6 crore from Rs570.8 crore in the corresponding period last year. Compared to the first quarter of FY22, when revenues were at Rs4,919.4 crore, they increased by 6% to Rs5215.4 crore during the quarter under consideration.

1. Vedanta:

Due to increased sales volume, better commodity prices, and successful strategic hedging, the diversified natural resources firm reported a marginal 4.6% increase in its consolidated net profit at Rs4,421 crore in the April—June quarter. In the same quarter a year prior, it reported a combined net profit of Rs4,224 crore.

1. TVS Motors Company:

The two-wheeler manufacturer reported that its consolidated net profit for the first quarter that ended on June 30 was Rs297 crore. In the COVID-19 struck April—June quarter of the previous fiscal year, it had posted a net loss of Rs15 crore.

1. Macrotech Developers:

The real estate company is looking for additional partnerships after forming three joint ventures with landowners during the April—June quarter to create home projects with an estimated sales value of Rs6,200 crore.

1. Mahindra & Mahindra Financial Services:

A decrease in expenses and an increase in revenue from business activities helped the NBFC achieve a combined net profit of Rs240 crore for the June quarter. From April through June 2021—22, the company reported a net loss of Rs1,573.40 crore.

1. Jubilant Food Works:

Jubilant Food Works has acquired 40% stake in Roadcast Tech Solutions Private Limited.

1. NIIT:

The IT company reported a 14% decline in consolidated net profit to Rs44.3 crore for the quarter ending in June as earnings were impacted by Rs10.5 crore year-over-year decline in treasury income. The talent development company’s net profit for the three months ending June 30 was Rs51.4 crore.

1. Punjab National Bank:

In the June quarter, the state-owned institution reported a 70% drop in standalone net profit to Rs308.44 crore, mostly as a result of increased bad loan provisions and a reduction in interest revenue. At the same time last year, the bank reported a net profit of Rs1,023.46 crore.

1. Delta Corp:

According to the bulk deal data made available by the National Stock Exchange, financial services company BofA Securities Europe SA sold approximately 16,05,400 shares of gaming and hotel company Delta Corporation at an average price of Rs192.56 per share, valuing the transaction at Rs30.91 crore.