Britannia, Bank of Baroda, BHEL, Delhivery, M&M, Oil India, Balkrishna Industries among top stocks to watch

Stocks to watch: The domestic equity market is expected to open in the green today. At 8:31 AM, the GIFT Nifty was trading 37.5 points, or 0.19 per cent higher at 19,626 levels. 

Here's a list of stocks that may remain in focus today. 

Britannia Industries: On Friday, the bakery food company Britannia Industries Ltd reported a 35.65 per cent rise in consolidated net profit at Rs 455.45 crore for the first quarter ended June 2023. The company had posted a net profit of Rs 335.74 crore in the April-June quarter a year ago, Britannia Industries said in a BSE filing. READ MORE

Bank of Baroda: Bank of Baroda on Saturday reported a robust set of numbers with an 87.7 per cent on-year jump in net profit at Rs 4,070 crore in the June quarter, driven by higher interest income from an above-industry level loan growth and better margins. The bottom line was also helped by lower provisions for bad loans as the asset quality improved vastly. READ MORE

Yatharth Hospital: Shares of the company are expected to list on bourses today. 

Bharat Heavy Electricals Ltd (BHEL), the state-run engineering firm, witnessed a significant widening of its consolidated net loss to Rs 343.89 crore in the April-June quarter compared to the same period last year, primarily due to increased expenses. As per the BSE filing, the company had reported a consolidated net loss of Rs 187.99 crore in the quarter ending on June 30, 2022. READ MORE

Logistics company Delhivery on Friday said its net loss has narrowed to Rs 89.5 crore in the June 2023 quarter, mainly due to higher income. It had reported a net loss of Rs 399.3 crore during the April-June period of the preceding 2022-23 fiscal, the company said in a regulatory filing. The company's total income rose to 2,031.1 crore from Rs 1,794.5 crore in the year-ago quarter.

Oil India: The Finance Ministry has approved the upgrade of Oil India Ltd (OIL) to the category of ‘Maharatna’, a move which will impart enhanced powers to the OIL Board while taking financial decisions. Post the upgrade, the state-run oil major has become India’s 13th Maharatna Central Public Sector Enterprise (CPSE).

Paytm: Vijay Shekhar Sharma to buy 10.3 per cent stake from ANTFIN Holdings. With this, Vijay Shekhar Sharma's holding will increase to 19.42 per cent.

Delta Corp: The company's CFO has tendered resignation.