Stocks to watch today: Markets are likely to open range bound on Friday after hitting a four-month high in the last session. As of 7:25 am, the SGX Nifty Futures was trading at 17,678 levels, up a good 19 points from the Nifty50.
Global trading on US markets was restless on Thursday. The Dow Jones rose 0.08 percent, while the S&P 500 fell 0.07 percent and the NASDAQ Composite fell 0.5 percent.
The Asia-Pacific markets also lost collectively on Friday morning. While Australia’s S&P 200 lost 0.5 percent, South Korea’s Kospi was flat.
Meanwhile, at home, here’s a list of stocks that could make a difference in trading on Friday:
Results today: Life Insurance Corporation of India, ONGC, Grasim Industries, Divi’s Laboratories, Hindustan Aeronautics, Info Edge, Hero MotorCorp, Muthoot Finance, Sun TV, Bharat Dynamics, and Balaji Amines will all be listed on Friday, April 11th.
Industries page: The garment maker reported a multiple increase in its net profit to Rs.207.3 crore in the first quarter of FY23 from Rs.10.0 crore in the same period last year. The company’s operating income, meanwhile, more than doubled to Rs.1,341.6 billion. Total spending also doubled to Rs 1,070 crore compared to Rs 490.57 crore previously. CONTINUE READING
Apollo Hospitals: The company recorded a 35 per cent year-on-year (YoY) fall in net profit to Rs.323.7 crore in the first quarter of FY23 from Rs.500.6 crore in the same period last year. Operating income also saw a marginal 1 per cent decline to Rs.3,795.6 crore in the first quarter of FY23 from Rs.3,760.21 crore. While Apollo’s healthcare segment is up 5% year-on-year, pharmacy distribution fell in the down 3% year-on-year. CONTINUE READING
Bata India: The footwear brand posted a 71.82 per cent annual increase in consolidated net profit to Rs.119.37 crore for the first quarter of FY23 compared to Rs.69.4 crore in the corresponding quarter of the previous financial year. Revenue from operations more than tripled to Rs.943.01 crore in Q1FY23. Going forward, management plans to increase digital channels and expand into Tier 2 or Tier 3 cities. CONTINUE READING
Godrej Properties: The real estate company plans to launch a luxury residential project at Ashok Vihar in New Delhi in 2022. The project has the potential to generate revenue of approximately Rs 8,000 crore. Before launching, the company is awaiting some pending government approvals to launch this 27 hectare luxury residential project in Delhi-NCR. CONTINUE READING
NMDC: The state-owned company increased lump prices by Rs. 200 per tonne and penalties by Rs. 100 per tonne. The company has set fixed prices for lump ore at Rs. 4,100 per tonne and fines at Rs. 2,910 per tonne. In July, the company cut prices for lump and fines by Rs.500 per tonne to Rs.3,900 and Rs.2,810 respectively. CONTINUE READING
Oil India: The state researcher tripled its net profit in the first quarter of FY23 to Rs.1,555.4 crore from Rs.507.9 crore a year ago on the realization of oil and gas prices. The result was also boosted by gas production, which increased by 4 percent to 0.78 million tons and by 8 percent to 771 million standard cubic meters.
Allcargo logistics: The logistics company reported more than 2-fold growth in its consolidated profit after tax (PAT) to Rs.280 crore in the first quarter of FY23 versus Rs.106 crore in the first quarter of FY22. The company’s consolidated revenue for the first quarter of FY23 however, rose 65 percent to Rs.5,675 crore from Rs.3,449 crore in the first quarter of FY22.
Aurobindo Pharma: The pharmaceutical company’s consolidated net profit fell 32.4 per cent year-on-year to Rs 520.5 billion in the first quarter of fiscal 23, from Rs 770 in the first quarter of last fiscal year. Operating income rose 0.4 percent to Rs.6,236 crore compared to Rs.5,702 crore a year ago. Going forward, management plans to focus on developing the specialty product pipeline.
Stocks in the F&O ban: Balrampur Chini Mills and Delta Corporation have been banned during the F&O lockdown on Friday 12th August.
