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Top stocks to watch out for on July 23: Kotak Mahindra Bank, TVS Motor, IndiGo, DHFL

Updated : 2019-07-23 07:30:27

Indian shares are likely to start on a slightly weak note on Tuesday as investors remain cautious due to disappointing June-quarter earnings. The benchmark indices ended lower on Monday, with the Sensex ending 306 points lower at 38,031, while the broader Nifty50 losing 82 points to end at 11,337. At 7.10 AM, the SGX Nifty futures traded 8 points or 0.07 percent lower at 11,346.50, indicating a weak-to-flat start for the Sensex and the Nifty 50. Here are the top stocks to watch out for in today's trade:

Kotak Mahindra Bank: The bank on Monday reported a jump of 23 percent in its consolidated net profit at Rs 1,932 crore in the first quarter ended June 30. (Image: Reuters)
Kotak Mahindra Bank: The bank on Monday reported a jump of 23 percent in its consolidated net profit at Rs 1,932 crore in the first quarter ended June 30. (Image: Reuters)
TVS Motor Company: Q1 Profit fell 2.9 percent to Rs 142.3 crore versus Rs 146.6 crore, revenue rose 7.2 percent to Rs 4,468.6 crore versus Rs 4,168.4 crore YoY. (Image: Company)
TVS Motor Company: Q1 Profit fell 2.9 percent to Rs 142.3 crore versus Rs 146.6 crore, revenue rose 7.2 percent to Rs 4,468.6 crore versus Rs 4,168.4 crore YoY. (Image: Company)
IndiGo: The decision to appoint an independent woman director on the board and expansion of board to a maximum of 10 members, including four independent directors, has gone down well with Rakesh Gangwal and his associates. However, Gangwal, who holds about 36.7 percent stake in the airline, wants the airline to do more in terms of corporate governance, sources told CNBC-TV18. (Image: Stock)
IndiGo: The decision to appoint an independent woman director on the board and expansion of board to a maximum of 10 members, including four independent directors, has gone down well with Rakesh Gangwal and his associates. However, Gangwal, who holds about 36.7 percent stake in the airline, wants the airline to do more in terms of corporate governance, sources told CNBC-TV18. (Image: Stock)
United Spirits: Profit jumped sharply to Rs 197 crore versus Rs 81 crore, revenue rose 10 percent to Rs 2,218 crore versus Rs 2,009 crore YoY. (Image: Stock)
United Spirits: Profit jumped sharply to Rs 197 crore versus Rs 81 crore, revenue rose 10 percent to Rs 2,218 crore versus Rs 2,009 crore YoY. (Image: Stock)
DHFL: Debt-ridden DHFL on Monday said it expects an in-principle approval from its lenders to its the resolution plan by month-end. (Image: Reuters)
DHFL: Debt-ridden DHFL on Monday said it expects an in-principle approval from its lenders to its the resolution plan by month-end. (Image: Reuters)
ICICI Securities: The company, a subsidiary of ICICI Group, on Monday reported a 15 percent decline in the consolidated profit after tax (PAT) to Rs 114 crore for the first quarter ended June 30. In the year-ago period, consolidated PAT stood at Rs 134 crore, ICICI Securities said in a statement. (Image: Reuters)
ICICI Securities: The company, a subsidiary of ICICI Group, on Monday reported a 15 percent decline in the consolidated profit after tax (PAT) to Rs 114 crore for the first quarter ended June 30. In the year-ago period, consolidated PAT stood at Rs 134 crore, ICICI Securities said in a statement. (Image: Reuters)
Bharti Airtel: The telecom company will seek shareholders' approval for a waiver of recovery of excess remuneration paid to company chairman Sunil Bharti Mittal and CEO Gopal Vittal in 2018-19. According to the regulatory filing, Mittal's remuneration in 2018-19 was Rs 21.19 crore more than the ceiling of 11 percent of the company's net profit. Vittal was paid Rs 8.87 crore in excess of that limit in the last fiscal. (Image: Reuters)
Bharti Airtel: The telecom company will seek shareholders' approval for a waiver of recovery of excess remuneration paid to company chairman Sunil Bharti Mittal and CEO Gopal Vittal in 2018-19. According to the regulatory filing, Mittal's remuneration in 2018-19 was Rs 21.19 crore more than the ceiling of 11 percent of the company's net profit. Vittal was paid Rs 8.87 crore in excess of that limit in the last fiscal. (Image: Reuters)
Jaypee Infratech: Promoters of debt-ridden Jaypee Infratech on Monday proposed before the NCLAT that they will pay creditors entire outstanding amount without any hair cut and complete pending projects within three years. The National Company Law Appellate Tribunal (NCLAT) reserved its order over the exclusion of litigation period from the ongoing Corporate Insolvency Resolution Process (CIRP) of Jaypee Infratech. (Image: Reuters)
Jaypee Infratech: Promoters of debt-ridden Jaypee Infratech on Monday proposed before the NCLAT that they will pay creditors entire outstanding amount without any hair cut and complete pending projects within three years. The National Company Law Appellate Tribunal (NCLAT) reserved its order over the exclusion of litigation period from the ongoing Corporate Insolvency Resolution Process (CIRP) of Jaypee Infratech. (Image: Reuters)
Vadilal Industries: Rajesh Gandhi has resigned from the post of chairman of the company w.e.f. July 22, 2019.  Vijay Shah, independent director of the company, has been appointed as chairman. (Image: Company)
Vadilal Industries: Rajesh Gandhi has resigned from the post of chairman of the company w.e.f. July 22, 2019.  Vijay Shah, independent director of the company, has been appointed as chairman. (Image: Company)
Bandhan Bank: Bank appointed Sanjeev Naryani as head of Business. (Image: Reuters)
Bandhan Bank: Bank appointed Sanjeev Naryani as head of Business. (Image: Reuters)
Results: Larsen & Toubro, Hindustan Unilever, Zee Entertainment Enterprises, SBI Life Insurance Company, HDFC Life Insurance Company, etc will report their quarterly results today. (Image: Reuters)
Results: Larsen & Toubro, Hindustan Unilever, Zee Entertainment Enterprises, SBI Life Insurance Company, HDFC Life Insurance Company, etc will report their quarterly results today. (Image: Reuters)
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