Domestic equity market was trading partially lower in early trade today. Sensex fell 28 indicate 65,925 and Nifty was flat at 19,595.
Here’s a take a look at stocks that are most likely to stay in news today.
HDFC Bank
HDFC Bank’s investability weighting in FTSE Emerging All Cap index has actually increased to 1.52% from 0.81%, following the merger with HDFC.
Adani Green Energy
Promoter entity Infinite Trade and Investment has actually unloaded partial stake in Adani Green Energy through bulk deals on Monday, while a Qatar-based sovereign fund purchased some shares. INQ Holding Llc, a completely owned subsidiary of Qatar Investment Authority, purchased 4.3 crore shares of Adani Green Energy or 2.7 percent of its equity at Rs 920 each for an overall quantity of Rs 3,956 crore. Bulk deals information revealed that Infinite Trade and Investment, a promoter entity of Adani Green, offered 4.5 crore shares or 2.8 percent of its equity at Rs 920.43, for an overall quantity of Rs 4,142 crore.
PB Fintech
PB Fintech Ltd, which runs Policybazaar and Paisabazaar, reported decrease of losses considerably to Rs 11.9 crore in the June 2023 quarter versus a loss of Rs 204.3 crore in the June 2022 quarter. Operating earnings climbed up 32% to Rs 666 crore. Consolidated adjusted revenues prior to interest, taxes, devaluation and amortisation came at Rs 23 crore for the very first quarter versus an adjusted operating loss of Rs 66 crore.
Earnings today
Shares of Adani Ports, Coal India, Siemens, and Hindalco remain in focus as the business will reveal their very first quarter revenues today.
BEML
Shares of BEML remain in focus after the business received the letter of approval from Bangalore Metro Rail Corporation (BMRC) for the supply of rolling stock agreement 5RS-DM valued at around Rs 3,177 crore.
Inox Wind
A block deal worth Rs 500 crore is most likely to be carried out today by the promoter entity of Inox Wind to reduce its stake in the wind energy business, according to reports. The deal cost for the deal will be at discount rate of 5 percent versus the existing market value.
Godrej Consumer
Godrej Consumer Products (GCPL) reported a 7.6% fall in net revenue at Rs 318.82 crore in contrast to Rs 345.12 crore throughout the matching quarter of FY23. It published earnings from operations at Rs 3,448.91 crore, increasing 10.4 percent as versus Rs 3,124.97 crore throughout the exact same duration in 2015.
Olectra Greentech
Olectra Greentech has actually published net revenue of Rs 18.1 crore for the quarter ended June. Revenue from operations stood at Rs 216 crore.
Sobha
Sobha Ltd reported a net revenue of Rs 12.1 crore in Q1. Revenue from operations was available in at Rs 908 crore.
Paytm
One 97 Communications Limited, which owns Paytm, said its subsidiary Paytm Payments Services Limited’s (PPSL) auditor Price Waterhouse (PwC) has actually resigned with impact from August 7. SR Batliboi & Associates has actually been designated as the statutory auditors of Paytm Payments Services’ with impact from August 7, the business said in an exchange filing.
Tata Chemicals
Tata Chemicals’ Q1 net revenue fell 11.8 percent to Rs 523 crore in Q1FY24 compared to Rs 593 crore in the exact same duration of FY23. Revenue increased 5.6 percent to Rs 4,218 crore in Q1FY24 versus Rs 3,995 crore in Q1FY23. Net earnings in Q4FY23 was Rs 4,407 crore compared to the June quarter.
Torrent Pharma
Drug company Torrent Pharmaceuticals reported a 6.8 percent year-on-year (YoY) increase in net revenue at Rs 378 crore for the very first quarter that ended June 30, 2023 versus a net revenue of Rs 354 crore.
Also read: Adani Ports Q1 results sneak peek: Sales most likely to grow 15-20%, revenue may leap greatly
Also read: This Tata Group stock has provided flat returns in 2023; where is it headed?
