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Top stocks of the day; have a look.

Stocks in talk today.

Key sentence:

  • Following gains in US markets, the Sensex and Nifty were expected to open higher on Tuesday.
  • The Sensex rose 77 points to finish at an all-time high while the Nifty added 12 points.

Following gains in US markets, the Sensex and Nifty were expected to open higher on Tuesday. In tumultuous trade on Monday, benchmark indexes reached fresh closing highs, with index heavyweights such as Reliance, Infosys, and TCS posting gains on strong global market cues. 

The Sensex rose 77 points to finish at an all-time high of 52,551, while the Nifty added 12 points, or 0.08 per cent, to a new high of 15,811.

Also read: It-seems-the-end-of-Baba-ka-Dhaba-controversy-after-the-youtubers-post.

Here are some equities that are expected to remain in the spotlight today:

Adani Group stocks: According to National Securities Depository Ltd Vice President Rakesh Mehta, the accounts of three foreign funds that are among the Adani group’s major investors are “live” and not locked. 

The NSDL’s response came after Adani Group sent an email to the central securities depository, inquiring about the status of three foreign funds.

Coal India: In the fourth quarter, the company’s net profit fell slightly to Rs 4,589 crore from Rs 4,626 crore the previous year. For the financial year 2020-21, the company recorded a 24% drop in consolidated net profit to Rs 12,702 crore.

Wipro: S&P Global Ratings gave the proposed US dollar-denominated senior unsecured notes issued by Wipro IT Services LLC an ‘A-‘ long-term issue rating.

HCL Tech: HCL Technologies has hired Siki Giunta, a former Accenture executive, to help the company expand its cloud consulting and capabilities in client regions.

Amara Raja: To take advantage of rapidly changing trends in the energy and mobility sectors, the company has opted to invest in green technology, particularly lithium-ion batteries. 

The board of directors has agreed to extend the company’s lead-acid battery business by creating a new “Energy SBU” that would include lithium cells and battery packs, electric vehicle chargers, energy storage systems, sophisticated home energy solutions, and related products and services.

Satin Creditcare: In the quarter ending March 31, 2021, the microfinance organisation declared a profit after tax of Rs 38 crore, up from Rs 13 crore the previous year. It posted a loss of Rs 14 crore for the whole year, compared to a profit after tax of Rs 155 crore in FY20.

Jaiprakash Power: In the March quarter, the company had a combined net profit of Rs 215.32 crore, owing to greater revenues. In the quarter ending March 2020, the company reported a consolidated net loss of Rs 70.91 crore. 

In the March 2021 quarter, total sales increased to Rs 1,063.13 crore, up from Rs 705.52 crore the previous quarter. In 2020-21, the consolidated net profit was Rs 281.43 crore, compared to a loss of Rs 2,147.22 crore the previous year.

SBI Cards: SBI Cards and Payment Services issued bonds to generate Rs 500 crore. Its board of directors has approved the allotment of 5,000 fixed-rate, unsecured, rated, taxable, redeemable, and senior non-convertible debentures worth Rs 500 crore on a private placement source.

HDFC Bank: On June 18, the private lender is expected to consider an interim dividend for FY21.

What do you think?

ZZED Reporter

Written by ZZED Reporter

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