Stocks to Watch Today: ITC, Bank of Baroda, Zomato, Yes Bank, and Others

The market seems to be on a strong footing because the benchmark index extends their strong rally for the third successive session on July 29, with Nifty50 closed firmly above the psychological sign of 17,100, which is supported by the FII stream and buying in all sectors after the Federal Reserve marking The signal slows the rate increases. BSE Sensex collects 712 points or 1.25 percent to 57,570, while NIFTY50 rose 229 points.

Today’s results

ITC, UPL, Zomato, Arvind, Bajaj Consumer Maintenance, Barbecue-Nation Hospitality, Universal Carborundum, Castrol India, Kubota Escorts, India Indiansi India, Indo Count Industries, Kansai Nerolac Paints, Max Financial Services, Prudent Corporate Advisory Services, Paintsai & Sind Sinds, Max Financial Services that Prudent Corporate Advisory, Punjab & Sind Sinds, Pisind Sinds, Max Financial Financial Banks, Ramco Semen, Rategain Travel Technology, Thyrocare Technology, Turbin Triveni, and Varun Beverages will be the focus ahead of the June quarter income on August 1.

Stock in news

Bank Baroda

Public sector lenders reported 79.4 percent of year-to-year growth in Mandiri profit of 2,168 Crore Rs for the quarter ended June 2022, despite other revenue declines and pre-supply operating profits. A significant decrease in the provisions of a bad loan helps the underline. Net interest income grew by 12 percent yoy to 8,838.4 crore Rs in Q1fy23, with credit growth at 18 percent and 10.9 percent yoy increased global deposit.

IDFC First Bank

The bank noted the highest independent profit of RS 474.33 Crore in Q1FY23, to the loss of RS 630 Crore in the appropriate period of the previous fiscal. Increased core operating income and decreased provisions help profitability, with sequential growth in profit of 38 percent. Net interest income grew by 26 percent to 2,751.1 Crore Yoy RS during this quarter, with an increase of 39 bps yoy in a net interest margin of 5.89 percent for the quarter. But there is a decrease in 38 bps in a clean flower margin in sequence.

Dr. Reddy Laboratory

Major Pharmacy signed a license agreement with Pharma Slayback to get exclusive rights in the first file-to-file for the Lumify private label version in the US. Lumify is a base of Eyedrop Over-The-counter (OTC) that can be used to relieve the redness of the eye due to small eye irritation. This agreement also gives Dr. Reddy’s exclusive rights to products outside the US.

Rain industry

The company recorded an increase in consolidated profit of 184 percent of years-year-year in RS 668.50 Crore for the quarter ended June 2022, driven by the top of the healthy line and operating performance. Income grew by 52 percent to RS 5,540.6 crore due to solid growth in the realization of the average mixture for the sale of carbon and continued material, although the volume decreased. Operating profit grew by 78.5 percent to 1,210.5 crore Rs during the same period.

Zee Entertainment Enterprises

The company did not receive an objection letter from BSE and the Indian National Stock Exchange, for the proposed composite arrangement scheme between Zee Entertainment, Bangla Entertainment, and Culver Max Entertainment (previously Sony Pictures Networks India). This observation letter allows the company to submit a composite scheme with the National Corporate Legal Court, Mumbai.

Yes bank

The bank will collect 8,898.47 crore hospitals from Carlyle Group and Verventa Holdings (Affiliate Advent) by selling up to 10 percent of each shares. The Board of Directors has agreed to distribute 369.61 crore equity shares with a price of RS 13.78 per share and 256.75 Crore Waran which can be exchanged with equity shares, with a price of RS 14.82 per share, through preferences based on personal placement, which is the subject of the hospital for the approval of shareholders and RBI. Carlyle Group and Verventa Holdings (Affiliate Advent) will pour money into banks on each of 184.8 equity shares and each of 128.37 Crore Waran.

Cipla

The pharmaceutical company recorded a decrease in 4 percent of years-year-year in consolidated profit in RS 686 Crore for the quarter ended in June 2022 because EBITDA dropped 15 percent yoy to 1,143 Crore RS and revenue dropped 2.3 percent to 5,375 Crore RS in the same period. The Indian business declined 8.4 percent to 2,483 Crore RS and North American business grew by 15.5 percent to 1,199 Crore Rs in Q1fy23.

JSW energy

A subsidiary of JSW Energy (Barmer) has 1,080 MW Plants in Barmer maintaining access to uninterrupted lignite supply for its operation. The Rajasthan government tells the Barmer Lignite Mining Company Limited (BLMCL) that they received the previous ex-post-facto approval from the central government for the transfer of two lignite mining leases (Kapurdi and Jalipa in Rajasthan) from Rajasthan State Minerals Limited and Limited minerals in Rajasthan Limited at Rajasthan Limited Limited (RSMML) for BLMCL starting from the mining rental transfer date. Thus, the previous letters issued by the Rajasthan government directed BLMCL to stop mining operations in two lignite mines that were withdrawn.

DLF

Real Estate Developers reported an increase in year-to-year-to-year-to-year profit in RS 470 Crore for the quarter ended in June 2022. Consolidated income at 1,516 Crore Hospital grew by 22 percent yoy in the same period as a net sales order up 101 percent yoy to 2,040 rs crore.