Nifty futures on the Singapore Exchange traded 61.5 points, or 0.35 per cent lower at 17,362, signaling that Dalal Street was headed for a negative start on Monday. Here are a dozen stocks which may buzz the most in today's trade:
Airtel, Adani Ports, Power Grid: Bharti Airtel, Adani Ports & SEZ, Power Grid Corporation of India NSE -0.96 %, Samvardhana Motherson International, Delhivery, Indian Hotels Company, UNO Minda, Vedant Fashions, Torrent Power, Whirlpool of India NSE 0.80 % and National Aluminum are among the companies that will announce their earnings for the quarter ended June 2022.
State Bank of India: The country's largest lender reported a 6.70 per cent drop in its standalone profit after tax at Rs 6,068 crore for the quarter ended June on account of mark-to-market (MTM) losses. The lender had reported a profit after tax (PAT) of Rs 6,504 crore on a standalone basis in the April-June quarter of fiscal 2022.
Titan: The jewelry and watches maker reported a multi-fold increase in consolidated net profit at Rs 790 crore in the first quarter ended June on the back of strong festive demand. The company had posted a consolidated net profit of Rs 18 crore in the year-ago period.
Mahindra & Mahindra: The homegrown auto player reported a consolidated profit after tax of Rs 2,361 crore in the first quarter ended June, driven by strong performance of its automotive and farm sector segments. The company had posted a consolidated loss after tax of Rs 332 crore in the year-ago period.
Hindustan Petroleum Corporation: The oil marketer player reported its highest ever quarterly net loss of Rs 10,196.94 crore in the June quarter as a freeze on petrol and diesel price revision wiped away record refining margins. A standalone net loss of Rs 10,196.94 crore during April-June compares with a net profit of Rs 1,795 crore in the same period a year ago.
Tata Motors: The homegrown auto major said its subsidiary has inked a pact to acquire Ford India's Sanand-based manufacturing plant for Rs 725.7 crore. Tata Passenger Electric Mobility Ltd (TPEML), a subsidiary of Tata Motors and Ford India Pvt Ltd (FIPL), have signed a Unit Transfer Agreement (UTA) for the acquisition of the Gujarat-based plant.
Bharat Petroleum Corporation: The oil marketing firm reported a net loss of Rs 6,291 crore in the first quarter of current fiscal on holding fuel prices despite rise in cost. Net loss of Rs 6,290.8 crore in April-June compared with Rs 3,192.58 crore in the same period a year back.
Power Grid Corporation: The state-owned utility firm will seek shareholders' approval on August 29, to raise up to Rs 6,000 crore through the issuance of bonds during the financial year 2023-24. The proposal to raise funds up to Rs 6,000 crore, from the domestic market through issuance of bonds, under private placement basis.
One97 Communications: The digital financial services firm which operates under the Paytm brand said its consolidated loss widened to Rs 644.4 crore in the first quarter ended June 30. The company had recorded a net loss of Rs 380.2 crore a year ago.
Raymond: The textile major reported a consolidated net profit of Rs 81.93 crore for the first quarter ended June helped by an increase in sales. The company had posted a net loss of Rs 157.10 crore during the April-June quarter of the previous fiscal.
Marico: The FMCG firm reported a 3.28 per cent increase in its consolidated net profit to Rs 377 crore for the first quarter ended June 30, 2022. The company had posted a net profit of Rs 365 crore in the April-June period a year ago.
Godrej Properties: The real estate firm is looking to add new housing projects worth about Rs 15,000 crore this fiscal year by purchasing land outright and by forming joint ventures with landowners. Mumbai-based Godrej Properties, part of the business conglomerate Godrej Group, is one of the leading real estate developers in the country.
Mahanagar Gas: The retailer of CNG and piped cooking gas in Mumbai and other cities reported a 9 per cent drop in its June quarter net profit as higher gas cost negated a rise in sales.Net profit of Rs 185.20 crore in April-June compared with Rs 204.08 crore in the same period a year back.
Fortis Healthcare: The hospital chain has reported 69 per cent decline in consolidated net profit at Rs 134 crore for the first quarter ended June 30. The healthcare major had logged a net profit of Rs 431 crore, which included an exceptional gain of Rs 306 crore, in April-June 2021-22.
Minda Corporation: The Auto-parts maker's profit after tax (PAT) increased more than six-fold to Rs 52.5 crore in the June quarter. It recorded a profit after tax of Rs 7.1 crore in the year-ago quarter,
Source Name:-Economic Times