Stocks to watch: HCL Technologies, ACC, Laurus labs, Zen Tech, Nippon Life
Here's a list of top stocks that are likely to be in focus in today's trade
Nifty futures on Singapore Exchange traded 19.5 points, or 0.12%, lower at 15,722, signalling that Dalal Street was headed for a negative start on Tuesday. Asian stocks opened in the negative territory following negative cues from US markets. Wall Street stocks tumbled on July 19, with Dow Jones losing more than 850 points by midday amid global concerns over spiralling inflation and resurgent COVID-19 waves.
Here is the list of top stocks that could be in focus on July 20
Results today: Bajaj Finance, Asian Paints, Arihant Superstructures, CRISIL, DCM Shriram, ICICI Prudential Life Insurance Company, ICICI Securities, JSW Ispat Special Products, Newgen Software Technologies, Shyam Metalics, and Syngene International.
HCL Technologies: The company reported higher consolidated profit at Rs 3,214 crore in Q1FY22 against Rs 2,962 crore in Q4FY21, and revenue rose to Rs 20,068 crore from Rs 19,642 crore QoQ. The company maintained FY22 constant currency revenue growth guidance of double digits and EBIT margin guidance of 19-21 percent.
ACC: The company reported sharply higher profit at Rs 533.8 crore in Q2CY21 against Rs 268 crore in Q2CY20. Revenue jumped to Rs 3,884.8 crore from Rs 2,600.8 crore YoY.
Zen Technologies: The company secured an export order of Rs 120 crore.
Laurus Labs: Amansa Holdings Pvt Ltd & Amansa Investments Ltd sold 0.63% stake in the company via an open market transaction on July 15, reducing shareholding to 3.84 percent from 4.46%.
Jindal Stainless: Tata Steel Mining and Jindal Stainless signed MoU for a unique partnership for mining of common boundary in Sukinda, Odisha.
Nippon Life India Asset Management: The company reported higher consolidated profit at Rs 181.54 crore in Q1FY22 against Rs 156.30 crore in Q1FY21, and revenue jumped to Rs 302.27 crore from Rs 233.12 crore YoY.