Top 10 stocks for today

16 Aug 2022 , 09:01 AM

The Singapore Exchange’s Nifty futures traded 60 points, or 0.35%, higher at 17,845, indicating that the stock market may start the day on a good note. The following 10 stocks may be the most popular ones in today’s market:

1. Life Insurance Corporation:

The state-run insurance company posted a multifold increase in net profit at Rs682.89 crore from the pitiful Rs2.94 crore a year ago in its first earnings after going public. Early in May, the financial behemoth that oversees assets worth more than Rs41 lakh crore went public with an Rs20,500 crore share offering.

1. ONGC:

Prior to the government imposing a tax on windfall gains resulting from a global rally in energy prices, India’s leading oil and gas producer recorded a tripling of net profit in the June quarter to Rs15,205.85 crore.

1. HDFC Twins:

The merger plan of HDFC Bank and its parent company HDFC has been approved by India’s fair trade regulator, the Competition Commission of India (CCI). In the proposed merger, HDFC Investments and HDFC Holdings will first combine with HDFC Ltd, and then HDFC Ltd would merge with HDFC Bank.

1. Grasim Industries:

The Aditya Birla Group company recorded a 12.7% increase in its combined net profit for the June 2022—2023 quarter, coming in at Rs2,758.75 crore. In the same time last year, the company reported a net profit of Rs2,447.97 crore.

1. Hero Motocorp:

Due to greater sales, the two-wheeler industry leader announced a more than doubling increase in its consolidated profit after tax for the first quarter ended June 30, 2022, at Rs585.58 crore. In the same period of the prior fiscal year, the company had a consolidated profit after tax of Rs256.46 crore.

1. Bank of Baroda:

The state-run lender stated that it is considering raising debt capital by issuing basel III compliant bonds of up to Rs2,500 crore. On August 22, the lender’s board will convene to discuss the same.

1. Info Edge:

The IT business, which owns websites like Naukri and 99Acres, has contributed Rs 300 crore to its affiliate Startup Investments. Startup Investments (Holding), a holding and investment business, is 100% owned by Info Edge.

1. Hindustan Copper:

For the quarter that ended on June 30, 2022, the state-owned mining company reported an increase in consolidated net profit of 25% to Rs57.08 crore as a result of greater revenue. In the same period last year, the company reported a combined net profit of Rs45.63 crore.

1. Ambuja, ACC:

The Adani Group has been awarded approval by the Competition Commission of India (CCI) to purchase Holcim’s interest in Ambuja Cements and ACC. The watchdog announced that it has approved Endeavour Trade and Investment’s “acquisition of the shareholding in Holderind Investments, Ambuja Cements, and ACC.”

1. Apollo Tyres:

The manufacturer of tyre goods announced a 49.21% growth in its combined net profit for the June 2022—2023 quarter, coming in at Rs190.68 crore. In the same period last year, the company reported a net profit of Rs127.78 crore.