Stocks to watch: BPCL, Trident, Everest Kanto, Future Enterprises, Kingfa, Midhani, Oil India, Bata, Rupa, BSE
Kohinoor Foods, Mazda, Midhani, Oil India, PFC, Redington, TIL and Trident are slated to announce their June quarter results on August 12.
3M India, 63Moons, Anand Projects, Apollo Micro Systems, Ashok Leyland, Aurobindo Pharma, Avanti Feeds, Bharat Forge, BPCL, Cupid, Deep Industries, Dish TV, Eicher Motors, Everest Kanto Cylinders, Future Enterprises, Goodyear India, HMT, Hudco, Ircon, IRCTC, ITI, Jaypee Infratech, Kingfa, Kohinoor Foods, Mazda, Midhani, Oil India, PFC, Redington, TIL and Trident are slated to announce their June quarter results on August 12. Here is the list of other top stocks that could be in focus on August 12.
Rupa: Rupa & Company on Wednesday reported a 32% jump in its net profit to Rs 27.2 crore in the first quarter of the current fiscal.
Bata India: Bata India Ltd reported narrowing of consolidated net loss to Rs 69.47 crore for the first quarter ended June 30, 2021. It had posted a net loss of Rs 100.88 crore for the same period of 2020-21.
India Cements: The company on Wednesday reported an over two-fold jump in consolidated net profit at Rs 46.63 crore for the quarter ended June 2021. It had posted a net profit of Rs 19.74 crore during the April-June period of the previous fiscal, India Cements said in a regulatory filing.
India Cements: The company reported an over two-fold jump in consolidated net profit at Rs 46.63 crore for the quarter ended June 2021.
Bajaj Electricals: Bajaj Electricals on Wednesday reported widening of its consolidated net loss to Rs 24.97 crore for the quarter ending June 2021 on account of the impact of the second wave of Covid-19 and rise in commodity prices. The company had posted a net loss of Rs 16.60 crore during the April-June quarter of the previous fiscal.
Wipro: Wipro has entered into a partnership with IP Infusion, a leader in disaggregated network solutions, to jointly develop offerings that enable faster innovation in IP and optical networks. Through this partnership, Wipro and IP Infusion will empower original design manufacturers (ODMs), original equipment manufacturers (OEMs), and communication service providers (CSPs) to operate more effectively while reducing CapEx and OpEx.
Cipla: Cipla has received final approval for its Abbreviated New Drug Application (ANDA) for Difluprednate Ophthalmic Emulsion 0.05% from the United States Food and Drug Administration (US FDA). Cipla’s Difluprednate Ophthalmic Emulsion 0.05% is AB-rated generic therapeutic equivalent version of Novartis Pharmaceutical Corporation’s Durezol.
Force Motors: The company has registered a sales growth of 172% in the domestic market and 243% in exports during April – July 2021. The company sold (domestic plus exports) 6,486 units in the period April to July 2021 as compared to 2,311 units sold in the first four months of the previous year. The company continued to consolidate its leadership position in the Large Vans segment. It witnessed growth on the back of bulk purchases of its Ambulance range made by various state governments, hospitals and service providers to enhance the healthcare infrastructure.
ITC: The FMCG major has extensively reset its strategy and will explore opportunities to craft disruptive business models to set up structural drivers helmed by digital and sustainability for its next horizon of growth and make the company future-ready.
PNB Housing Finance: PNB Housing Finance is planning to raise funds by way of debt issue and the shareholders are being requested to authorise the board of directors to offer, from time to time, the subscription of redeemable, secured/unsecured non-convertible debentures aggregating to Rs 35,000 crore in one or more tranches. The company will seek shareholders’ nod in its annual general meeting (AGM) on September 3, 2021.
BSE: Bombay Stock Exchange (BSE) has introduced a new surveillance measure for certain stocks having a market capitalization of less than Rs 1,000 crore to curb excessive volatility in mid and small-cap counters. The new measure, add-on price band framework, will be applicable to companies with a market-capitalization of less than Rs 1,000 crore and on securities in groups — X, XT, Z, ZP, ZY, and Y.