Top 10 stocks for today

8 Aug 2022 , 08:00 AM

The Singapore Exchange’s Nifty futures traded 61.5 points, or 0.35%, lower at 17,362, indicating that Dalal Street would have a bad start to the week. The following 10 stocks may be the most popular ones in today’s market:

1. Titan:

On the strength of high holiday demand, the jewellery and watch manufacturer recorded a multi-fold increase in consolidated net profit after tax at Rs790 crore in the first quarter ended in June. In the same period last year, the company reported a combined net profit of Rs18 crore.

1. Mahindra & Mahindra:

In the first quarter that ended in June, the domestic auto player reported a consolidated profit after tax of Rs2,361 crore, powered by the excellent performance of its automotive and farm sector businesses. In the same period last year, the company reported a combined loss after tax of Rs332 crore.

1. State Bank of India:

Due to mark-to-market (MTM) losses, the largest lender in the nation recorded a 6.70% decline in its standalone profit after tax for the quarter ended in June, coming in at Rs6,068 crore. In the April through June quarter of fiscal 2022, the lender declared a profit after tax (PAT) of Rs6,504 crore on a standalone basis.

1. Hindustan Petroleum Corporation:

In the June quarter, the oil marketer player posted its highest-ever quarterly net loss of Rs10,196.94 crore as record refining margins were destroyed by a freeze on gasoline and diesel price revision. Between April and June, there was a standalone net loss of Rs10,196.94 crore as opposed to a net profit of Rs1,795 crore during the same time last year.

1. Tata Motors:

The domestic auto company announced that a deal had been reached for a subsidiary to buy Ford India’s Sanand manufacturing facility for Rs725.7 crore. A Unit Transfer Agreement (UTA) for the purchase of the Gujarat-based factory has been signed by Ford India Pvt Ltd (FIPL) and Tata Passenger Electric Mobility Ltd (TPEML), both of which are subsidiaries of Tata Motors.

1. Bharat Petroleum Corporation:

In the first quarter of the current fiscal year, the oil marketing company reported a net loss of Rs6,291 crore despite maintaining fuel prices despite cost increases. April through June saw a net loss of Rs6,290.8 crore compared to Rs3,192.58 crore during the same time last year.

1. Power Grid Corporation:

On August 29, the state-owned electricity company would ask its shareholders for permission to issue bonds to raise up to Rs6,000 crore for the fiscal year 2023—2024. The plan is to issue bonds on a private placement basis in order to raise up to Rs6,000 crore from the domestic market.

1. Raymond:

For the first quarter ended in June, the textile giant posted a combined net profit of Rs81.93 crore, which was aided by a rise in sales. During the quarter from April to June of the prior fiscal, the company had reported a net loss of Rs157.10 crore.

1. Marico:

For the first quarter ended June 30, 2022, the FMCG company reported a 3.28% growth in its consolidated net profit to Rs377 crore. In the months of April and June of the previous year, the company reported a net profit of Rs365 crore.

1. Godrej Properties:

This fiscal year, the real estate company plans to expand with new home projects worth approximately Rs15,000 crore through outright land purchases and cooperative ventures with landowners.