The Singapore Exchange’s Nifty futures traded 29.5 points, or 0.17%, higher at 17,261, indicating that stock markets will have a good start on Monday. The following 10 stocks may be the most traded ones in today’s market:
The mortgage lender raised the benchmark lending rate by 25 basis points, which will increase the cost of loans for both current and prospective consumers. Prior to the Monetary Policy Committee (MPC) meeting of the RBI later next week, the rate was raised. The MPC raising interest rates is generally anticipated in order to control excessive inflation.
The domestic auto giant said that within 30 minutes of opening its booking, which started on Saturday, it had received more than 1 lakh bookings for its brand-new Scorpio-N SUV. On June 27, M&M debuted the vehicle.
The pharmaceutical company announced that it has signed a contract with Slayback Pharma, a US-based company, to purchase the rights to a medicine that reduces eye redness. The business and the pharmaceutical company in New Jersey have signed a licensing agreement for the company to obtain the rights to Brimonidine Tartrate Ophthalmic Solution 0.025%.
Due to better sales, the real estate giant posted a 39% increase in its consolidated net profit to Rs469.56 crore in the quarter ended in June. In the prior fiscal year, it had a net profit of Rs337.16 crore. The real estate major’s net debt decreased from the prior quarter to April-June by 16%, falling to Rs2,259 crore.
Yes Bank stated that private equity groups Carlyle and Advent International will invest $1.115 billion (about Rs8,900 crore) to support its future growth. Each of the two international PE funds will buy a 10% interest in the private sector lender.
In the quarter that ended on June 30, the state-owned institution recorded an increase in its standalone profit after tax (PAT) of 79.3% to Rs2,168 crore due to higher growth in net interest income (NII). In contrast, the same quarter of the previous fiscal year quarter had a profit after tax of Rs1,209 crore.
The media giant claimed that the BSE and NSE stock exchanges have approved its plan to merge with Sony Pictures Networks India. BSE and the National Stock Exchange (NSE) have authorized the proposed merger with Culver Max Entertainment Private Limited.
The commercial vehicle market is anticipated to expand quickly in the upcoming quarters as economic activity picks up and demand increases across all categories, according to the Hinduja Group report. The Chennai-based company anticipates strong domestic and international sales for the remaining months of the fiscal year.
For the quarter ended in June, the manufacturer of animal feed recorded a 16.29% fall in overall net profit, coming in at Rs87.68 crore. In the same quarter the previous year, the company’s net profit totalled Rs104.75 crore.
The private lender posted its highest-ever net profit for the quarter ending in June 2022 of Rs474 crore, mostly due to lesser provisioning and more income. The private sector lender reported a net loss of Rs630 crore during the same period last year.
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