Stocks to Watch Today: Here are the Shares to look out BoB and Ola Electric
Domestic markets are likely to trade with a lot of caution at the start of a new trading week. Gift Nifty has an indication of a slow start, as there were mixed signals in the Asian stock markets. The Sensex was down 721.08 points or 0.88% to 81,463.09 and the Nifty 50, down 225.10 points or 0.90% to 24,837.00, on the earlier trading day (Friday, July 25).
A number of significant events are expected to happen towards the end of the day especially on individual stocks such that investors are encouraged to be active on individual stocks today. Let us take a closer look at the stocks you should have in your radar.
Today Quarter Results to be Declared
Today is the result day of several big firms who will be declaring their April-June (Q1) quarterly results. These include:
- IndusInd Bank
- Bharat Electronics
- Adani Green Energy
- Adani Total Gas
- Bajaj Healthcare
- CarTrade Tech
- GAIL (India)
- JK Paper
- KEC International
- Mazagon Dock Shipbuilders
- Motherson Sumi Wiring India
- Nippon Life India Asset Management
- NTPC Green Energy
- Piramal Pharma
- Quess Corp
- RailTel Corporation of India
- Torrent Pharmaceuticals
- Vijaya Diagnostic Centre
- Waaree Energies
The profits made by such firms may greatly affect the shares and even the market picture in general.
Firms Which have Already Reported Results
Kotak Mahindra Bank Q1 Results
Kotak Mahindra Bank registered standalone net profit of 3,281.7 crore in the June quarter, which a 47.5 percent decrease when compared to the corresponding period of previous year. But its net interest income increased by 6.1YoY to 7,259.3 crores. Provisions and contingencies rose by more than two-folds, 108.8 percent to rupees 1,207.8 crore. The bank registered exception item gain of 3, 519.9 crore as well. Gross NPA ratio of 1.42% rose to 1.48% and Net NPA jumped to 0.31% to 0.34% quarter-on-quarter.
Bank of Baroda (BoB) Q1 Results
The standalone net profit rose up by just 1.9 percent YoY at 4,541.4 crore rupees as reported by bank of Baroda. But the net interest income decreased by 1.4 percent to 11434.8 crore. The figure of Provision and contingencies increased drastically to 1,967 crore in comparison to 1,010.7 crore. The gross NPA ratio increased upwardly by a bit to 2.28%, and the net NPA increased to 0.60 % to 0.58 %.
IDFC First Bank Q1 Results
This is reflected in the stand-alone net profit of IDFC First Bank which declined by 32 per cent YoY to 462.6 cr in the Q1. The net interest income has grown by 5.1 per cent to 4,933.1 crore. Provisions and contingencies of the bank increased by 66.8 per cent to 1,659.1 crore. Gross NPA has increased to 1.97% as compared to 1.87% and Net NPA to 0.55 per cent as compared to 0.53 per cent quarter-on-quarter.
The Stocks that May have Critical Activity Today
Ola Electric Mobility
Ola Electric has suggested modification in the utilization of funds it shall raise on its IPO. It is also aimed at prolonging the schedule of spending the funds. These proposals are, however, to be approved by shareholders. Any development on this situation may create movement in stock prices.
New Listings Today
Two companies are going to debut today:
- Swastik Castings – to get listed in the BSE SME platform.
- Sevy Infra– to be listed on NSE SME platform.
The performance of the stocks affected is usually volatile during a listing day; and either of these stocks could experience high purchase or sales volumes based on the market mood.
Corporate actions, Ex-Dividend trades Corporate Actions
There are a number of stocks that will be trading today ex-dividend implying that investors purchasing these stocks on or after today are not qualify to receive the declared dividend. These include:
- Wipro
- DLF
- Cosmo First
- CRISIL
- EIH Associated Hotels
- KPIT Technologies
- Shyam Metalics and Energy
- The Yamuna Syndicate
Other than the dividends, there are other corporate actions of some companies:
- GTV engineering– bonus share and stock split.
- Indian Infotech and Software – right issue.
- Zonejyo Overseas – bonus issue.
These corporate movements are able to influence stock prices and competence of traders.
F&O news
- RBL Bank: New Futures & Options (F&O) can not be opened on this stock today.
- Indian Energy Exchange (IEX): The stock has come out of the F&O ban list, and hence one can trade it in F&O list itself.
Conclusion
Markets have started the week on weak global cues and so investors and traders need to be cautious. The day is all set to be lead by stock-specific moves, as there are a host of quarterly results, two new listings, and numerous corporate actions in store. Watch out on the companies reporting their earnings and stocks participating in bonus, split or dividend issue.
Disclaimer: The given above information is published as an educational and informational one. Market risks afflict the stock market investments. When you are making any investment decision, you should always consult a financial advisor.