Stocks in the news: SBI, M&M, Titan, Airtel, Paytm, Tata Motors and Nykaa
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, Samvardhana Motherson International, Delhivery, Indian Hotels Company, UNO Minda, Vedant Fashions, Torrent Power, Whirlpool of India 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.
FSN E-commerce: The omnichannel, which operates under Nykaa brand, said its consolidated net profit rose nearly 42 per cent to Rs 5 crore in the April-June quarter of FY23. The company had recorded a net profit of Rs 3.52 crore in the same period 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,
Crompton Greaves Consumer Electricals: Macritchie Investments, a promoter entity of the home appliances company, offloaded the firm's 2,02,50,000 shares or 3.2 per cent stake worth Rs 750.74 crore through an open market transaction at an average price of Rs 370.74 apiece, the bulk deal data suggests.
IRB Infrastructure Developers: The highways developer reported a multi-fold increase in consolidated net profit at Rs 363.19 crore for the quarter ended June 30. The company had clocked a consolidated net profit of Rs 71.91 crore in the corresponding period of the previous fiscal.
Max Ventures & Industries: The holding company has won a bid to acquire about 4 acres of land in Noida for Rs 220 crore for development of a commercial project. MaxVIL said its real estate arm Max Estates through its special purpose vehicle (SPV) had bid for the two land parcels being auctioned by Axis Bank.
Computer Age Management Services: The registrar and transfer agent for mutual funds reported a 2.4 per cent growth in profit after tax to Rs 64.78 crore for the April-June quarter of this fiscal. The company had posted a PAT of Rs 63.24 crore in the same quarter of the last fiscal.
CE Info Systems: The Digital map company, which operates under MapMyIndia brand name, posted nearly 18 per cent increase in its consolidated profit at Rs 24.2 crore in the April-June quarter of FY23. The company had recorded a profit of Rs 20.6 crore in the same period a year ago.
Petronet LNG: India's largest liquefied natural gas importer reported a 10 per cent rise in first-quarter net profit on processing larger volumes of imported fuel. Net profit in April-June at Rs 700.9 crore compared with Rs 635.67 crore in the same period a year back.
Indian Overseas Bank: The state-owned lender posted a 20 per cent rise in net profit to Rs 392 crore for the first quarter of the current financial year, helped by a decline in bad loans. The Chennai-based lender had reported a net profit of Rs 327 crore in the April-June quarter of 2021-22.
Shipping Corporation of India: The state-owned shipping firm reported a 27.97 per cent decline in consolidated net profit to Rs 114.17 crore for the first quarter of this fiscal. The company had clocked a consolidated net profit of Rs 158.51 crore in the corresponding period a year earlier.
Akzo Nobel India: The paints and coatings maker reported a 1.31 per cent increase in its consolidated net profit to Rs 76.9 crore for the first quarter ended June 30. The company had posted a net profit of Rs 75.9 crore a year ago.
Aptus Value Housing Finance: The housing finance player reported a 62 per cent jump in net profit at Rs 119 crore in the quarter ended June 2022 on higher disbursements. The company's net profit was at Rs 74 crore in the year-ago period.
UCO Bank: The state-owned lender posted a 22 per cent rise in its net profit at Rs 123.61 crore for the first quarter ended June 30, helped by fall in bad loans. The bank had reported a net profit of Rs 101.81 crore in the same quarter of financial year 2021-22.
Birla Corporation: The M P Birla Group firm reported a decline of 56.24 per cent in its consolidated net profit at Rs 61.92 crore for the quarter ended June on account of higher power, fuel and freight costs. It had posted a net profit of Rs 141.51 crore in the April-June period a year ago.
Chemplast Sanmar: The flagship company of Sanmar Group, has reported Rs 41 crore profit after tax (PAT) for the quarter ending June 30, 2022. The Chennai-based company engaged in producing speciality paste PVC (polyvinyl-chloride) had reported Rs 29 crore PAT during the corresponding quarter previous year.
HT Media: The media firm said its consolidated net loss narrowed to Rs 41.80 crore for the first quarter ended June 30. The company had posted a net loss of Rs 75.05 crore in the April-June quarter of the previous fiscal.
Garware Technical Fibres: The textile products player reported an 11.7 per cent decline in profit after tax (PAT) at Rs 28.2 crore for the quarter ended June 30, 2022. The company's PAT stood at Rs 31.9 crore in the corresponding period of the previous fiscal.
Jagran Prakashan: The publisher of Hindi daily Dainik Jagran reported a consolidated net profit of Rs 40.49 crore for the quarter ended June 30, 2022. The company had posted a net loss of Rs 7.05 crore during the April-June period a year ago.
Star Housing Finance: The rural focused housing finance player has raised $2.7 million capital via preferential allotment been subscribed by Arika Securities and Colo Securities, augmenting the net worth of the company to Rs 85 crore.
Advik Capital: The non banking financial services firm reported a manifold jump in the net profit to Rs 1 crore in the June 2022 quarter. The bottomline rose about 120 times from Rs 0.008 crore in the same quarter previous year.
Integra Essentia: The textile firm has acquired a substantial interest in rice processing facility located in Bareilly, Uttar Pradesh through a Joint-Venture Agreement with the existing stakeholders, wherein Integra Essentia shall hold 66 per cent stakes in the Joint Venture which is having an already operational facility.