HAL, Nykaa, ONGC, Biocon, Patanjali Foods, Pfizer among top stocks to watch today

Stocks to watch: On a day when the Reserve Bank of India maintained the status quo on the repo rate as well as retained its 'withdrawal of accommodation' stance, the equity benchmark indices, S&P BSE Sensex and NSE Nifty, ended in the red amid broad-based selling on Thursday (August 10).

At close, the S&P BSE Sensex closed at 65,688.18, down 307.63 points, while the NSE's Nifty settled at 19,543.1, down 89.45 points.

Some of the major companies that reported their first-quarter earnings on Thursday (August 10) were Hero MotoCorp, LIC, Pidilite, Biocon, SAIL and Apollo Tyre. 

Among the business giants that will declare their April-June quarter results on Friday (August 11) will be HAL, Nykaa, ONGC, Patanjli Foods, Pfizer, Mazagon Dock, Glenmark, NHPC, and NMDC.

At around 8:05 AM on Friday, August 11, the GIFT Nifty futures traded 52.5 points lower, or 0.27 per cent at 19,548, suggesting a negative opening of the market. 

ZeeBiz takes you through a list of stocks that can garner some attention on Friday. 

Results today, August 11

Apollo Hospitals, ONGC, ABB India, Info Edge India, Power Finance Corporation, City Union Bank, Glenmark Pharma, Muthoot Finance, Voltas, Zydus Lifesciences, Hindustan Aeronautics, National Aluminium Company, Jindal Steel & Power, NMDC, Astral, Sun TV Network will announce their June quarter numbers today. 

Power Finance Corporation 

The company's board will consider a proposal for the issue of bonus shares.

Global Health

The company announced its June quarterly number on Thursday. The company posted a profit of Rs 102 crore against Rs 59 crore a year ago, up 73 per cent. Revenue was up 23.5 per cent to Rs 773 crore. 

The board approved the bidding term sheet for SPV with DLF. The approval is to build a 400-bed multi-specialty hospital in Delhi. GHL and DLF to have a 50:50 equity stake in the proposed specialty hospital. The hospital will have 20 super specialty services.

Indiabulls Real Estate

The company posted a loss of Rs 680 crore in the June quarter against a loss of 52 crore a year ago. The company had registered a revenue of Rs 196 crore against Rs 152 crore in the year-ago quarter.

Mazagon Dock Shipbuilders 

The company also announced its June quarter number on Thursday where it posted a profit after tax (PAT) of Rs 287 crore against Rs 217 crore, up 32 per cent year-on-year (YoY). The revenue of the company stood at Rs 2,173 crore against Rs 2,230 crore, down 2.5 per cent. 

LIC

The insurance behemoth posted a profit after tax (PAT) of Rs 9,544 crore against Rs 683 crore, up 13 times year-on-year (YoY). The solvency ratio of the company stood at 1.89 per cent for the June quarter against 1.88 per cent a year ago. The assets under management or AUM were up 12.4 per cent at Rs 46.11 lakh crore against Rs 41.02 lakh crore a year ago. 

General Insurance Corporation of India

General Insurance Corporation of India posted a profit after tax (PAT) of Rs 732 crore against Rs 690 crore, up 6 per cent year-on-year (YoY). The solvency ratio of the company stood at 2.88 per cent for the June quarter against 2.14 per cent a year ago. The assets under management or AUM were up 12.3 per cent at Rs 1.64 lakh crore against Rs 1.46 lakh crore a year ago. 

Hero MotoCorp

The company posted a 32 percent year-on-year rise in its PAT for the quarter ended June 30, 2023, to Rs 825 crore against Rs 625 crore a year ago. The company's revenue stood at Rs 8,767 crore against Rs 8,393 crore, up 4.5 per cent. 

Biocon

The biopharmaceutical company based in Bengaluru, reported a decline of 30 per cent in net profit at Rs 101 crore, compared to Rs 144 crore in the corresponding period last year. The pharma major's revenue from operations in the first quarter of the current fiscal stood at Rs 3,422.6 crore, registering a rise of 60 per cent, compared to Rs 2,140 crore in the year-ago period.

CONCOR

State-owned logistics operator Container Corporation of India on Thursday reported over a 16.25 per cent decline in net profit at Rs 244 crore for the first quarter ended June 30 of fiscal year 2024. The company had posted Rs 297 crore in the same period a year ago.

SAIL 

State-owned SAIL on Thursday posted an 83 per cent fall in its profit to Rs 137 crore in the April-June quarter. It had clocked a profit of Rs 804 crore in the April-June period of the preceding 2022-23 fiscal.

Apollo Tyres 

Apollo Tyres on Thursday said its consolidated net profit increased over two-fold to Rs 397 crore for the June quarter on account of robust sales across markets. The company reported a net profit of Rs 177 crore in the April-June quarter of last fiscal.

NCC

Indian construction firm NCC Ltd on August 10 posted a 33.9 percent jump in its consolidated net profit to Rs 173.54 crore for the quarter ended June 30, 2023, on the back of higher execution during the quarter.

Revenue from operations jumped 31.9 percent to Rs 4,380.39 crore during the quarter as the company reaped the benefits of its record order wins witnessed in 2022-23, according to an exchange filing by NCC Ltd.

HCL Tech

HCL Tech signed a deal with Global 100 Corporation. The total contract value is $2.1 billion (Rs 17,400 crore) for six years. This deal will affect the company's income for the next six years from November 2023. The company has also announced a strategic partnership with Verizon Business. HCL Tech to be Managed Network Services Cultivator for Verizon Business's networking deployment.

Supreme Ind / REC Ltd

Index aggregator MSCI added these eight stocks to its MSCI Global Standard indices. REC and Supreme Industries emerged as a surprise inclusion.

HAL

State-run aerospace and defence company Hindustan Aeronautics Ltd (HAL) is all set to report its Q1 results on Friday.

Zee Business research is estimating the company to report a 13.9 per cent rise in its consolidated net profit to Rs 706 crore.

The analysts estimate the company's revenue from operations to jump by 14 per cent year-on-year (YoY) to Rs 4,130 crore.

HAL's EBIDTA is expected to rise to Rs 995 crore from Rs 826.3 crore in the corresponding period last year.

The company recently signed a landmark deal with General Electronics to produce GE Aviation's F 414 INS6 engines in India.

A day ahead of the results, the company's share traded 0.88 per cent down to end the day at Rs 3,791.25.  

ONGC

Zee Business analysts estimate ONGC to report a huge jump in its profits quarter-on-quarter (QoQ) as the oil major is set to announce its April-June quarter results on Friday.

Analysts estimate that the company's PAT will soar to Rs 10,045 crore from a loss of Rs 247 crore last year.

However, the company's revenue from operations is expected to decline 9.2 per cent to Rs 32,950 crore from Rs 36,293 crore in the previous quarter.  

Nykaa

One of the leading cosmetic companies in India, Nykaa, which trades under the name FSN E-Commerce Ventures Ltd. on the BSE, is also set to report its quarterly earnings on Friday.

The company's PAT fell 72 per cent to Rs 2.4 crore in its previous quarter results.

On Wednesday, it expanded its Hidden Gems segment to promote desi brands.

The company's share was trading 0.55 per cent down at market close on Wednesday.

Patanjali Foods

The FMCG giant is also set to report its first-quarter earnings on Friday.

The company had reported an 18 per cent jump in its PAT in its previous quarter results.

Last month, GQG Partners picked up a 5.96 per cent stake in Patanjali Foods in a Rs 2400-crore deal.

The share of Patanjali Foods slid 1.01 per cent to end the day's session at Rs 1,324.15.   

Pfizer

The pharma giant will certainly be a stock to watch out for as it is set to announce its first-quarter results on Friday.

The company's profit in the fourth quarter of the last financial year rose 3 per cent to Rs 130 crore.

The company's share ended Friday's trading session with a maginal gain of 0.17 per cent to Rs 4,038.75.  

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