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Stocks to watch: HUL, Bajaj Auto, IDFC, Wipro, Bajaj Finserv, IB Housing

Nifty futures were trading 150 points higher at 15,766 at 8.30 am on the Singapore Exchange, indicating a gap-up start for the benchmark index on Thursday.

Here are the top stocks that are likely to be in focus today:

Results today: 44 companies including Hindustan Unilever, Bajaj Auto, UltraTech Cement, Biocon, Hindustan Zinc, IIFL Securities, Indiamart Intermesh and Wockhardt will release their quarterly earnings today.

The brokerage has forecast Bajaj Auto’s profits and revenue to more than double on a year-on-year basis, but on quarter-on-quarter (QoQ) terms, the figures are likely to decline. Profitability is expected to be supported by better mix, price hike and cost control measures. read here

As far as HUL is concerned, analysts say helped by low-base impact and traction in the beauty and personal care and food and refreshment segments, the FMCG major is expected to post 7-15% year-on-year growth in Q1 profit. have hope. Meanwhile, revenue estimates range between 11-21%. read here

Bajaj Finserv, Bajaj Finance: Bajaj Finserv reported a decline of over 31 per cent in consolidated net profit at Rs 833 crore for the first quarter ended June 2021. Meanwhile, Bajaj Finance reported 3 per cent decline in net profit at Rs 843 crore in the same quarter.

IDFC, IDFC First Bank: The Reserve Bank of India has allowed IDFC to exit IDFC First Bank after the lock-in period of 5 years is over.

Allcargo Logistics: The promoters and promoter group of Allcargo Logistics have announced plans to acquire all equity shares held by public shareholders and voluntarily delist them from stock exchanges under the delisting rules of stock market regulator SEBI.

Jubilant FoodWorks: The company reported a net profit of Rs 62.6 crore for the quarter ended June, as against a net loss of Rs 72.6 crore in the year-ago quarter. The company’s revenue from operations grew 131 per cent to Rs 879 crore in the quarter.

Indiabulls Housing Finance: Ace investor Rakesh Jhunjhunwala acquired 2.17 per cent equity stake or 1 crore shares in Indiabulls Housing Finance as per the shareholding pattern for the June 2021 quarter.

Kesoram Industries: BK Birla Group will invest Rs 100 crore in Kesoram Industries Company, a company official said on Wednesday.

Rallis IndiaTata Group firm Rallis India Ltd on Wednesday reported a 10 per cent decline in its consolidated net profit at Rs 82.34 crore for the first quarter ended June 30. Its net profit stood at Rs 91.87 crore in the year-ago period.

HavellsConsumer electrical goods maker Havells India reported a nearly four-fold jump in its consolidated net profit to Rs 235.78 crore for the first quarter ended June 2021, following the “resilient” demand easing of Covid restrictions .

Ceat: Tire major Ceat on Wednesday posted a consolidated net profit of Rs 23 crore for the first quarter ended June 30, 2021, as against a net loss of Rs 35 crore in the year-ago period.

polycabWires and cable maker Polycab India on Wednesday reported a 36 per cent decline in net income at Rs 75.3 crore for the first quarter ended June 30. On a lower basis, revenue grew by 93 per cent to Rs 1,880.5 crore. Business environment arising out of lockdown.

Gland PharmaDrug firm Gland Pharma on Wednesday reported an 11.83 per cent rise in its consolidated net profit at Rs 350.7 crore for the quarter ended June 30, 2021, led by strong sales across all markets. Consolidated revenue for the quarter under consideration stood at Rs 1,153.9 crore as compared to Rs 884.2 crore in the year-ago period.

Bank Of Baroda: Lender and fintech platform You Grow Capital has launched Pratham, a co-lending platform under which loans worth Rs 1,000 crore will be disbursed to the MSME sector in the country.

Cadila HealthcareDrug firm Zydus Cadila said it has received provisional approval from the US health regulator to market Ibrutinib tablets used to treat certain types of cancer. In addition, the European Medicines Agency has granted ‘Orphan Drug Designation’ (ODD) to Zydus Cadila’s Saroglitazar Mg, used in the treatment of liver disease.

Granules IndiaIts US-based facility Granules Pharmaceuticals, Inc (GPI) has cleared an audit by the US health regulator. The FDA issued two minor comments during the audit.

ICICI Securities: The company reported a 61 per cent growth in profit after tax (PAT) to Rs 311 crore in the three months ended June 2021 on account of increase in revenue and improvement in margins. The company’s revenue grew 37 per cent to Rs 748 crore in the quarter under review, from Rs 546 crore in the three months ended June 30, 2020.

ICICI Prudential Life: The company reported massive claims of Rs 500 crore due to the coronavirus pandemic, leading to a net loss of Rs 186 crore in the June quarter.

RIL, JUST DIAL: RIL’s subsidiary Reliance Retail Ventures on Tuesday bought shares worth over Rs 1,332 crore in Just Dial Ltd through open market transactions.

Zeel: ZEE Entertainment Enterprises Limited (ZEEL) will set up a technology hub in Bengaluru to drive innovation and exponential growth for its integrated platforms.

network18 mediaMedia firm Network18 Media & Investments reported a consolidated net profit of Rs 121.51 crore for the first quarter ended June 2021. The company had reported a net loss of Rs 60.60 crore for the April-June period of the previous financial year.

Wipro: The company launched Wipro Fullstride Cloud Services, and will invest $1 billion in cloud technologies, capabilities, acquisitions and partnerships over the next three years.

InfosysUS subsidiary Infosys Public Services launched a blockchain network to modernize public record keeping for Riverside County in California.

CRISIL: The company reported sharply higher consolidated profit of Rs 100.80 crore in Q1FY22 as against Rs 66.34 crore in Q1FY20. Revenue increased to Rs 528.51 crore from Rs 471.83 crore in the year-ago period.

HCL Technologies: The company launched HCL SoFi, a cloud native solution factory, and HCL Now, a cloud-native-as-a-service offering. The two new additions will further enhance the company’s cloud offering.

JTL Infra: The board will consider proposals for stock splits and fund-raising on August 7.


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