The market is expected to start positive on Monday on mixed global cues. The Singapore-traded SGX Nifty Futures, an early indicator of the NSE Nifty 50's performance in India, traded positive at levels around 11,040 vs Nifty July Fut's Friday close of 11,029. Asian stocks, however, were trading mixed.
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Here are the top stocks to watch out for
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SpiceJet: Sun Group’s Kalanithi Maran will relaunch litigation to regain control of the aviation company from Ajay Singh. Read in detail
HDFC Bank: The private sector lender reported an 18.2 percent increase in its net profit at Rs 4,601.44 crore for the quarter ended June on Saturday. HDFC Bank had registered a net profit of Rs 3,893.84 crore in the corresponding period of the previous fiscal 2017-18. However, NII and operating profit growth are the lowest in 8 quarters; profit growth is the lowest in 6 quarters.
South Indian Bank: The Kerala-based lender has declared a net profit of Rs 23.04 crores for the first quarter of the financial year 2018-19 as against Rs 101.47 crores during the corresponding period last year. The loan growth is the highest in 8 quarters.
Wipro: The company’s Q1 IT services rupee revenue rises 2.1 percent at Rs 13,700 crore versus Rs 13,412 crore; EBIT gains 24 percent at Rs 2,397 crore versus Rs 1,932.3 crore; EBIT margin expands to 17.5 percent versus 14.4 percent; Dollar revenue down 1.7 percent at $2,026.5 million versus $2,062 million (QoQ).
Havells: The electrical products company's profit rose 73 percent at Rs 210.4 crore versus Rs 121.4 crore. Havells revenue increased 39.5 percent to Rs 2,596.3 crore versus Rs 1,860.5 crore (YoY).
Bata: Q1 profit rises 36.6 percent at Rs 82.5 crore versus Rs 60.4 crore; revenue increases 8.3 percent to Rs 797.3 crore versus Rs 736.1 crore (YoY).
Just Dial: June quarter profit increases to Rs 38.53 crore versus Rs 38.16 crore, while revenue rose to Rs 211.43 crore versus Rs 190.04 crore (YoY).
UPL: Company signed definitive pact with Arysta Lifescience in a $4.2 billion all cash deal. The deal is expected to be completed in late Q3 FY19 or early Q4 FY19.
Bajaj Auto: Buoyed by strong performance in the first quarter of this fiscal, Bajaj Auto is planning to increase its share to 20 percent in domestic motorcycle market in the next two quarters, PTI reported. On Friday, Bajaj Auto shares dipped 9 percent.
June earnings: United Spirits, L&T Infotech, ACC, L&T Technology Services, ICICI Securities, Vijaya Bank, Tejas network, V-Mart Retail, Welspun Corp, Saregama India, Delta Corp, Balaji Amines, Granules India, Greenlam Industries, Hindustan Oil Exploration, Hindustan Zinc, Indianbulls Ventures, Lakshmi Machine Works, Linde India, Alicon Castalloy, Rane Engine Valve.
First Published:Jul 23, 2018 8:13 AM IST