Top 10 stocks for today

18 Jul 2022 , 08:55 AM

The Singapore Exchange’s Nifty futures traded 165.5 points, or 1.03%, higher at 16,205.5, indicating that the Indian equity markets may have a good Monday. The following 10 stocks may be the most popular ones in today’s market:

1. HDFC Bank:

Due to overall growth, the largest private sector lender reported a 20.91% increase in net profit for the June quarter to Rs 9,579.11 crore. Separately, its net profit rose to Rs9,195.99 crore from Rs7,729.64 crore in the prior quarter, but it fell short of Rs10,055.18 crore in the March quarter before that.

1. Tata Steel:

During the current fiscal year, the steel giant plans to invest Rs12,000 crore in its businesses in India and Europe. The domestic steel giant intends to spend Rs3,500 crore on business operations in Europe and Rs8,500 crore on investments in India.

1. Indian Oil:

The state-owned oil marketing company has opened a distinctive Bikers Cafe to serve the demands of motorbike trips to the Himalayas in an effort to maintain its market leadership through unique offers catered to diverse customer groups as competition in fuel retailing increases.

1. Jindal Steel and Power:

Net profit of the company fell year-on-year by 22.5% in the June quarter.

1. Vedanta:

The mining company headed by billionaire Anil Agarwal plans to operationalize two coal blocks in the eastern state of Odisha this fiscal year and is developing a strategy to expedite the operationalization of a third coal mine there.

1. Federal Bank:

On the back of a sharp reduction in reserves put aside for bad loans, the private lender recorded a 63.5% increase in net profit at Rs601 crore in the June quarter. The South-based lender had previously recorded a net profit of Rs367 crore.

1. Vodafone Idea:

Shareholders of the heavily indebted cellular company have approved giving its promoter, the Vodafone Group, stock worth Rs436.21 crore. According to vote results reported to the stock markets, Euro Pacific Securities was allowed to receive the equity by 99.94% of VIL shareholders.

1. L&T Technology Services:

In the three months that ended in June, the midcap IT player’s consolidated net profit increased by 27% to Rs274 crore. In the comparable period a year prior, the company’s net profit was Rs216.2 crore.

1. Bank of Baroda:

To meet the funding needs in the infrastructure sector, the state-run lender will issue long-term bonds to raise Rs1,000 crore in debt capital. The investment committee of the lender has given its permission.

1. Oberoi Realty:

The Mumbai-based real estate firm posted Q1FY23 earnings at Rs403.48 crore as opposed to Rs80.81 crore in the same quarter the previous year, a five-fold rise year over year. Over the same time period, revenue tripled to Rs934.81 crore from Rs294.77 crore.