Top 10 stocks for today

3 Aug 2022 , 08:02 AM

The Singapore Exchange’s Nifty futures traded 44.5 points, or 0.26%, higher at 17,370.5, indicating that the markets may have a positive start on Wednesday. The following 10 stocks may be the most popular ones in today’s market:
 

1. Reliance, IOC, & ONGC:

In response to easing global petroleum product prices, the government reduced the windfall tax on diesel and ATF, but increased the charge on domestically produced crude oil. While the duty on petrol exports was eliminated, the tax on diesel was reduced from Rs11 per litre to Rs5. Export Tax on Jet Fuel (ATF) was scrapped.

1. Axis Bank:

For Rs55 crore, the private lender announced it would buy a 5% stake in CredAble, a fintech platform. The transaction is anticipated to close in September. For Rs55 crore in CredAble, the bank will purchase 8,921 equity shares, or 5.09%, with a face value of Rs10 apiece.

1. ITC:

After conducting a strategic evaluation of its entire business portfolio, the diverse group announced its exit from the lifestyle retailing industry. More than 20 years ago, the company launched the Wills Lifestyle brand and began operating in the lifestyle retail sector. Under the moniker, it offered a variety of clothing for sale, including formal, casual, evening, and designer wear.

1. Zomato:

According to merchant banking sources, ride-hailing app Uber is set to sell all of its shares–61 crore, or 7.8% of the company–in food delivery firm Zomato for at least $373 million (Rs2,939 crore). The transaction can be executed for between Rs48 and Rs54 per unit.

1. Adani Green Energy:

Due to rising expenses, the renewable energy company’s consolidated net profit fell by more than 2% to Rs214 crore in the April—June quarter of FY23. The company’s overall net profit for the prior fiscal year was Rs219 crore.

1. Bosch:

In the April through June quarter of FY23, the industry leader in automotive components recorded a 28% increase in its consolidated net profit at Rs334 crore amid a general rebound in the automotive business. In the same quarter of the previous fiscal year, the company had a net profit of Rs260 crore.

1. Aurobindo Pharma:

The pharmaceutical company said that after examining its manufacturing facility in Pydibhimavaram, Andhra Pradesh, the US Food and Drug Administration (USFDA) had issued Form 483 with three observations.

1. Mahanagar Gas:

The municipal gas distributor has announced the second price increase in a month, this time by Rs6 per kilogram for CNG and by Rs4 per unit for piped natural gas, both of which are effective immediately. The price adjustment coincides with increased natural gas source prices for both imported and domestically drilled gas.

1. Voltas:

The provider of engineering and air conditioning services reported a 10.47% y-o-y decline in its consolidated net profit for the first quarter ended June 30, 2022, with profit coming in at Rs109.62 crore. The April-June fiscal quarter saw the Tata group company report a combined net profit of Rs122.44 crore.

1. Bank of India:

Due to greater provisions for bad loans, the state-run institution reported a 22% decrease in standalone profit after tax to Rs561 crore in the April—June quarter. In the same quarter of the prior fiscal year, the institution had generated an after-tax profit of Rs720 crore.