Stocks to Watch: Zomato, Shree Cement, RIL, PNB Housing Fin, Indian Hotels

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Convenient futures on the Singapore Exchange traded 19 points lower at 16,253, signaling a negative start for benchmark indices on Tuesday.

Here are the top stocks likely to move your market today:

Income today: Zomato, Coal India, Lupine, Power Grid Corporation of India, Ashoka Buildcon, Deepak Fertilisers, Eveready Industries, KIMS, Max Financial Services, Motherson Sumi Systems and Whirlpool of India are among more than 200 companies to release their quarterly results today.

Shree cement: The company posted Q1FY22 PAT at Rs 630 crore before adjustment, up 90.7 percent from Rs 330 crore in the same quarter last year. The figure fell by 21 percent from Rs 798 crore reported at the end of March 2021. It also reported Rs 3,635 crore in consolidated operating income, which was 46 percent more than Rs 2,487 crore in the corresponding quarter of 2020-21.

RIL: Reliance New Energy Solar Ltd (RNESL), a wholly owned subsidiary of Reliance Industries Ltd (RIL), together with Paulson & Co. Inc. and Bill Gates, and several other investors, announced a $144 million investment in Ambri Inc, an energy storage company based in Massachusetts, US.

F&O recording: The National Stock Exchange will list 10 shares in the M&A segment effective August 27. These include Can Fin Homes, Dixon Technologies, Hindustan Aeronautics, Indian Energy Exchange, IndiaMART InterMESH, Ipca Lab, MCX, Oracle Financial, Polycab India and Syngene International.

PNB Housing financing: The Securities Tribunal on Monday issued a split verdict on the battle between PNB Housing Finance and market watchdog Sebi over the proposed Rs 4,000 crore investment by Carlyle Group, a development that will keep the much-needed deal for the funds that have starved lender in limbo. .

gati: Allcargo group company Gati Limited has appointed Pirojshaw Sarkari as CEO, the company said Monday. Furthermore, the company reported a narrowing loss in the June 2021 quarter to 25.22 crore from Rs 35.24 crore in the same period last year.

Indian hotels: Tata group hospitality branch Indian Hotels Company reported a narrowing of its consolidated net loss to Rs 301.58 crore for the quarter ended June 30, 2021, compared to a net loss of Rs 312.60 crore recorded in the corresponding period of the previous fiscal year. The consolidated total income was Rs 370.30 crore for the quarter considered. It was Rs 175.34 crore for the same period a year ago.

Bombay paints: The company reported a consolidated loss of Rs 107.9 crore in Q1FY22 against a loss of Rs 129.1 crore in Q1FY21, revenue increased to Rs 380.8 crore from Rs 91.2 crore year on year.

Wipro: The company has appointed former Deloitte Consulting executive Jason Eichenholz as Senior Vice President and Global Partnership Lead.

Rolex rings: HSBC Pooled Investment Fund bought 1.44 lakh shares or a 0.53 percent stake at Rs 1,250 per share.

Glenmark Life Sciences: Polar Capital Funds PLC bought 8.36 lakh shares at Rs 732.55 per share.

mukand: Four companies of the Bajaj group bought shares worth more than Rs 353 crore in Mukand Ltd through open market operations on Monday. Bajaj Sevashram Pvt Ltd bought shares for Rs 94.42 crore, Bachhraj and Company Pvt Ltd Rs 159.27 crore, Bachhraj Factories Pvt Ltd Rs 69.04 crore and Sanraj Nayan Investments Pvt Ltd Rs 30.87 crore, block deal details on the NSE showed.

Motilal Oswal Financial Services: ICRA upgraded the creditworthiness of the long-term debt instruments of Motilal Oswal Home Finance, a material subsidiary of the company, from ‘AA-/Stable’ to ‘A+/Stable’.

Texmo pipes and products: The company has received orders from multiple contractors of HDPE pipes worth Rs 121.59 crore to be completed within 6-7 months.

Tata Investment Company: The investment arm of Tata Group reported higher consolidated profit of Rs 53.89 crore in the June 2021 quarter, compared to Rs 18.40 crore in the previous quarter

Subject range: The company launched complete travel services on its platform.

Sources

1/ https://Google.com/

2/ https://www.business-standard.com/article/markets/stocks-to-watch-zomato-shree-cement-ril-pnb-housing-fin-indian-hotels-121081000151_1.html

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