Nifty 50 Earnings Today

HDFC will announce quarterly results today.

Reliance Industries

According to a media report, Reliance Retail is looking to buy Subway’s India franchise for $200-250 million.

Adani Group

  • The Adani Group has incorporated a wholly owned subsidiary, Adani Petrochemicals Limited, to set up refineries, petrochemical complexes and hydrogen plants.
  • Top Adani Group stocks according to market cap: Adani Enterprises, Adani Power, Adani Transmission

Auto Sales

With several states easing lockdowns, auto sales in July 2021 saw a significant increase. 

  • Maruti Suzuki posted total sales of 162,462 units as against 108,064 units during July 2020 – over 50% growth. 
  • Tata Motors’ July 2021 sales stood at 54,199 units – nearly 19% growth 
  • Eicher Motors reported a 95.6% jump in Total VE Commercial Vehicles sales to 4,271 units from 2,184 units. Royal Enfield reported a 9% rise in total sales at 44,038 units for July 2021.
  • Hero MotoCorp announced total sales of 4.54 lakh units in July – a 13% decline from the 5.20 lakh sold in the same month in 2020.

Britannia

Britannia Industries recorded a decline of 29% in its net profit for June quarter of 2021 at Rs. 387 crore. 

Bandhan Bank

  • Bandhan Bank reported a 32.1% decline in its net profit at Rs 373.1 crores as compared to a net profit of Rs 549.8 crore in the June quarter of 2020.
  • Gross Non-Performing Assets (NPA) rose from 1.4% of gross advances in June 2020 to 8.2% for the quarter ended June 2021.
  • Net NPAs increased to 3.3% for the quarter in 2021 as compared to 0.5% for the June quarter last year.

Tata Steel

Tata Steel Europe’s (TSE) auditors have flagged uncertainty over the ‘going concern’ status of Tata Steel’s Europe operations.

ONGC

A few months after ONGC reached out to some international oil companies for possible alliances, Chevron and Total are now reportedly reaching out for partnership talks with the company.

Coal India

Coal India’s board has approved the proposal for an increase in coal evacuation facility charges.

UPL

Net Profit reported by UPL for the June quarter of 2021 stood at Rs 678 crore – a 23% increase when compared to Rs 551 net profit of the same quarter in 2020.

Power Stocks

SBI

State Bank of India has announced ‘Monsoon Dhamaka Offer’ under which customers can avail home loans with a waiver of 100% on processing fees.

The stocks mentioned in this article are not recommendations. Please conduct your own research and due diligence before investing.

Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please read the Risk Disclosure documents carefully before investing in Equity Shares, Derivatives, Mutual fund, and/or other instruments traded on the Stock Exchanges. As investments are subject to market risks and price fluctuation risk, there is no assurance or guarantee that the investment objectives shall be achieved. NBT do not guarantee any assured returns on any investments. Past performance of securities/instruments is not indicative of their future performance.