Stocks to watch: At around 8:15 AM on Monday, July 31, GIFT Nifty futures traded 54.5 points higher, or 0.4 per cent at 19,787.5, suggesting a positive opening ahead on Dalal Street. On Friday, the benchmark Nifty index finished a choppy session with a loss of 13.9 points or 0.1 per cent at 19,646.1 and the Sensex lost 106.6 points or 0.2 per cent for the day to settle at 66,160.2.

Here's a list of stocks that will remain in focus on July 31:

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Maruti Suzuki, Gail, PowerGrid, Bosch, UPL, Dhanlaxmi Bank, IRB Infra, Navin Fluorine, NOCIL, Oberoi Realty, Petronet, Lakshmi Machine Works, Butterfly Gandhimathi, Castrol, Adani Trans and Adani Green are among the more than 70 companies scheduled to announce their June quarter numbers today.

Piramal Enterprises

The company's board has given nod to a proposal to buy back share worth up to Rs 1,750 crore.

PowerGrid

The state-owned power transmission firm has been deemed the victorious bidder in tariff-based competitive bidding for two interstate gearbox system projects under the build, own, operate, and transfer (BOOT) model. PowerGrid has secured the letters of intent (LoIs) for both projects.

 

Also Read: PowerGrid Q1 results preview: Net profit likely to rise 5% to Rs 3,991 crore, margin may expand by 294 bps 

 

Gland Pharma

The US Food and Drug Administration (USFDA) has completed an inspection at the company's Sterile Oncology Facility in Visakhapatnam without any objections.

Marico

Homegrown FMCG major Marico Ltd on Friday reported a 15.6 per cent rise in its consolidated net profit to Rs 436 crore for the first quarter ended June 2023, led by a one-time gain from the sale of fixed assets.

Rail Vikas Nigam

Rail Vikas Nigam subsidiary Kinect Railway Solutions has entered into a shareholders' agreement for the maintenance and manufacturing of Vande Bharat trains. The agreement is for the upgradation of government manufacturing units. The proposed shareholdings in the subsidiary Kinect Railway Solutions SPV are as follows:

1.Rail Vikas Nigam Limited (25 per cent)

2. Joint Stock Company Metrowagonmash (70 per cent)

3. Joint Stock Company Locomotive Electronic Systems (5 per cent)

IDFC First Bank

IDFC FIRST Bank on Saturday said its net profit rose by 61 per cent year-on-year to Rs 765 crore in the April-June quarter this year mainly driven by strong growth in core operating income. The bank's net profit for the April-June quarter of 2022-23 was Rs 474 crore."Core operating profit (pre-provision operating profit excluding trading gains) grew strongly by 45 per cent Y-o-Y from Rs 987 crore in Q1-FY23 to Rs 1,427 crore for the quarter Q1-FY24," the bank said in a statement.

Siemens 

The shareholders did not approve the sale of low-voltage and geared motor businesses. 74 per cent of the shareholders voted against the sale

The company was selling its geared business to its global parent. On May 19, the board decided to sell the business to Siemens Large Drives India Pvt ltd.

Raymond

Raymond subsidiary Raymond Realty announced the launch of its fourth project in Thane. The total RERA area of ​​the newly launched project is around 9.4 lakh sq. Ft is

estimated earnings of Rs 2,000 crore from the new project. Raymond 

Alok Industries and Reliance Industries 

The CBI has arrested four people, including two joint director-ranked officers posted in the Ministry of Corporate Affairs and an associate of Alok Industries, in connection with alleged bribery of Rs 3 lakh, officials said on Saturday. Those arrested were Joint Directors Manjit Singh and Puneet Duggal, Senior Technical Assistant Ruhi Arora, all officials of the Ministry of Corporate Affairs, Reshabh Raizada, an associate of Alok Industries, which was acquired by Reliance Industries Ltd in 2019, the officials said.

Shriram Finance

Madras HC stays Enforcement Directorate's (ED) order imposing a Rs 5 crore fine on the company. The court stays order dated March 4, 2020, passed by ED on July 27. ED had passed an order imposing a fine of Rs 5 crore on the company and Shriram Holding (Madras) Private Ltd.

Orient Electric  

ICICI PRUDENTIAL MF bought 29.68 lakh shares at Rs 222 per share and  UNIFI CAPITAL PRIVATE LIMITED sold 20 lakh shares at Rs 222 per share. 

MMTC 

The public sector corporation got default notifications totaling $11.50 million from foreign branches of the Indian foreign Bank, Bank of India, and UCO Bank addressed to its subsidiary MTPL Singapore.

Shree Cements 

Shree Cement East Pvt. Ltd. started commercial production at its Clinker Grinding Unit at Village Digha & Parbatpur, in the Purulia district of West Bengal with a cement capacity of 3.0 MTPA.

UCO Bank

The bank has announced a profit of Rs 223 crore for the quarter that ended June FY24, growing 80.8 per cent over the corresponding period last fiscal despite higher provisions, driven by a surge in operating profit. Net interest income grew by 21.8 per cent on-year to Rs 2,009 crore, with advances increasing 25% and deposits rising 10.8 per cent YoY.

United Breweries

Beer maker United Breweries Ltd has reported a 16.09 per cent decline in consolidated net profit at Rs 136.34 crore for the first quarter ended June 2023, as volumes were impacted by supply challenges, lower inter-state sales, and persisting inflation. The company, controlled by Dutch multinational brewing company Heineken NV, had posted a net profit of Rs 162.50 crore in the April-June quarter a year ago, United Breweries Ltd (UBL) said in a late-night regulatory filing on Friday.

NLC India

The state-owned coal mining company reported a 28 per cent year-on-year drop in consolidated profit at Rs 404.7 crore for the first quarter ended June FY24, hampered by weak topline and operating metrics. When compared to the same time last fiscal, revenue fell 14.1 per cent to Rs 3,316 crore.

NTPC 

State-owned power giant NTPC on Saturday posted over a 23 per cent rise in consolidated net profit at Rs 4,907.13 crore for the June quarter 2023-24. In the year-ago period, net profit was Rs 3,977.77 crore, NTPC said in a BSE filing. Total revenue from operations dipped slightly to Rs 43,390.02 crore from Rs 43,560.72 crore in the same period a year ago.

SBI Card

SBI Card on Friday reported a 5 per cent drop in net profit to Rs 593 crore in the June quarter due to a rise in delinquencies. The SBI-promoted card issuance company (SBI Card) had reported a net profit of Rs 627 crore in the April-June period of the previous fiscal. Its total income during the first quarter of the current fiscal rose to Rs 4,046 crore against Rs 3,263 crore a year ago, according to a regulatory filing.

GAIL 

The results for the June quarter will be announced today. Ahead of that, UBS has double upgraded the stock to buy for a target price of Rs 150 apiece which is raised from Rs 80 apiece. Also read: GAIL Q1 results preview: Net profit likely to more than double sequentially to Rs 1,460 crore

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