Stocks to watch: Zomato, RIL, SBI Card, YES Bank, Voda Idea, JSW Steel, Federal Bank

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Energy to telecom behemoth Reliance Industries is slated to announce its financial results for the quarter ended June 30 on July 23. Ambuja Cement, Atul Ltd, Federal Bank, JSW Steel, Jubilant Pharmova, SBI Card and YES Bank will also announce their quarterly results during the day. Earlier, the equity benchmark indices ended with robust gains on Thursday. The barometer index, the S&P BSE Sensex, soared 638.70 points or 1.22% at 52,837.21. The Nifty 50 index added 191.95 points or 1.23% at 15,824.05. Foreign portfolio investors (FPIs) sold shares worth Rs 247.59 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 942.55 crore in the Indian equity market on 22 July, provisional data showed. Here is the list of top stocks that could be in focus today.

Zomato: Shares of online food delivery firm Zomato will list on bourses today.

Vodafone Idea: The Department of Telecom is awaiting the details of investors from Vodafone Idea for clearing the Rs 15,000 crore foreign direct investment proposal, according to reports.

CanFin Homes: The company on Thursday reported around 17% growth in its net profit at Rs 108.85 crore for the first quarter ended June 2021.

Persistent Systems: The IT firm Persistent reported a 68% jump in consolidated net profit to Rs 151.2 crore for the April-June quarter of this year.

IndiaMART InterMESH: The company on Thursday posted a 19% increase in consolidated net profit at Rs 88 crore for the quarter ended June 30, 2021.

Mphasis: The IT firm reported a 23.4% rise in consolidated net profit at Rs 339.6 crore in June 2021 quarter.

TCS: Tata Consultancy Services (TCS) is planning to invest up to $40 million annually in global running sponsorships and related community programming from 2022 to 2029. As part of the sponsorship, TCS will launch a new version of its TCS New York City Marathon App that incorporates augmented reality (AR) features that became popular for virtual races during the pandemic.

Wipro: Wipro has launched FieldX, a cloud-based end-to-end digital service lifecycle automation solution built on ServiceNow’s Now Platform. Using FieldX, manufacturing organizations can enhance and scale-up their after-sales customer service operations while reducing costs. Built as part of the ServiceNow Partner Industry Solution Program, FieldX integrates the customer service and field-service management capabilities of the Now Platform with Wipro’s Internet of Things (IoT) and Augmented Reality (AR) platforms.

Bharti Airtel: The telecom major has introduced new postpaid plans for Corporate and Retail customers. In the post-pandemic world, the abundance of high-speed data is increasingly becoming a key need for customers; as Work from Home and Online Education is the new normal. In this context, Airtel’s has further simplified its Postpaid plans to offer industry leading data benefits backed by a 5G ready network and superior digital-first customer care. The plans also come with a range of exclusive benefits such as bundled content and business productivity tools.

Glenmark Pharma: Glenmark Pharmaceuticals’ arm — Glenmark Life Sciences is on track to more than double its capacity over the next four years at a cumulative investment of over Rs 600 crore. The capacity expansion is on the back of company’s plan to enter more regulated growth markets like Brazil, Mexico, Russia, Korea, Taiwan and Saudi Arabia.

Tata Power: Tata Power Company has signed Share Purchase Agreement (SPA) with Tata Power International Pte (TPIPL), a wholly owned subsidiary of the company, for sale of 100% equity shares held in Trust Energy Resources Pte (TERPL), another wholly owned subsidiary of the company for a consideration of $285.64 million.

V-Mart: V-Mart Retail (V-Mart) has signed definitive agreements to acquire all of the existing running stores of ‘Unlimited’ from Arvind Lifestyle Brands (ALBL), a wholly-owned subsidiary of Arvind Fashions (AFL) for cash consideration. The company will acquire the assets of all stores, warehouse, inventory as well as the store brand ‘Unlimited’ at their book value, with an estimated outlay of about Rs 150 crore at closing, and certain contingent payments based on certain milestones achieved in these stores over next few years, post the acquisition.

Sangam: The company has received approval from the board of directors for installation of 32832 spindles for the manufacture of cotton yarn at Spinning Unit-II, Village Sareri Bhilwara (Raj), The Total cost of the project will be Rs 137.25 crore which is proposed to be funded partly by Term Loans of Rs 102 crore and balance by internal accruals.