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Top stocks to watch out for on July 24: HUL, L&T, Mahindra Finance, Hotel Leela Venture, Yes Bank

Updated : 2019-07-24 07:44:54

Indian shares are likely to open lower on Wednesday over continued selling pressure by foreign investors and weaker-than-expected June quarter earnings. Asian shares traded marginally higher following reports that US and China may resume trade negotiations next week. On Tuesday, Indian benchmark indices, the BSE Sensex and NSE’s Nifty 50, declined for the fourth straight session, dragged by losses mainly in financials. At 7:10 AM, the SGX Nifty futures traded 14 points, or 0.12 percent, lower at 11,311, pointing to a negative start for the Sensex and the Nifty 50.

Hindustan Unilever Ltd: FMCG major HUL reported an increase of 14.40 percent in its consolidated net profit at Rs 1,795 crore for the first quarter ended June 30, helped by volume growth and improvement in margins. Net sales during the June 2019 quarter stood at Rs 10,197 crore, a rise of 6.04 percent as against Rs 9,616 crore in the year-ago period. (Image; Company)
Hindustan Unilever Ltd: FMCG major HUL reported an increase of 14.40 percent in its consolidated net profit at Rs 1,795 crore for the first quarter ended June 30, helped by volume growth and improvement in margins. Net sales during the June 2019 quarter stood at Rs 10,197 crore, a rise of 6.04 percent as against Rs 9,616 crore in the year-ago period. (Image; Company)
Hotel Leela Venture: Sebi directed Hotel Leela to make additional disclosures to its shareholders on the sale of assets. Besides, the watchdog will initiate adjudication proceedings against JM Financial ARC for failing to comply with takeover norms. (Image: Company)
Hotel Leela Venture: Sebi directed Hotel Leela to make additional disclosures to its shareholders on the sale of assets. Besides, the watchdog will initiate adjudication proceedings against JM Financial ARC for failing to comply with takeover norms. (Image: Company)
Larsen & Toubro: L&T reported a 21.22 percent jump in consolidated net profit for the June quarter at Rs 1,472.58 crore mainly on improved execution. Revenues from operations grew 9.74 percent to Rs 29,635.95 crore. (Image: Reuters)
Larsen & Toubro: L&T reported a 21.22 percent jump in consolidated net profit for the June quarter at Rs 1,472.58 crore mainly on improved execution. Revenues from operations grew 9.74 percent to Rs 29,635.95 crore. (Image: Reuters)
DHFL: Insurance regulator IRDAI chairman S C Khuntia said the life and general insurance subsidiaries of cash strapped mortgage lender DHFL are safe and have adequate solvency. Troubled DHFL has two insurance subsidiaries – DHFL Pramerica Life insurance and DHFL General Insurance.
DHFL: Insurance regulator IRDAI chairman S C Khuntia said the life and general insurance subsidiaries of cash strapped mortgage lender DHFL are safe and have adequate solvency. Troubled DHFL has two insurance subsidiaries – DHFL Pramerica Life insurance and DHFL General Insurance.
Mahindra and Mahindra Financial Services: Mahindra Finance has posted a decline of 66 percent in its consolidated net profit to Rs 108.50 crore in the first quarter ended June 30, the company said on Tuesday. Total income (consolidated) was, however, up by 23 percent at Rs 2,838.40 crore during June quarter of 2019-20. (Image: Company)
Mahindra and Mahindra Financial Services: Mahindra Finance has posted a decline of 66 percent in its consolidated net profit to Rs 108.50 crore in the first quarter ended June 30, the company said on Tuesday. Total income (consolidated) was, however, up by 23 percent at Rs 2,838.40 crore during June quarter of 2019-20. (Image: Company)
JK Paper: The company reported a 29.68 percent rise in its consolidated net profit at Rs 123.45 crore for the first quarter ended June 30. Its total income during the quarter under review fell 8.57 percent to Rs 732.32 crore. (Image: Company)
JK Paper: The company reported a 29.68 percent rise in its consolidated net profit at Rs 123.45 crore for the first quarter ended June 30. Its total income during the quarter under review fell 8.57 percent to Rs 732.32 crore. (Image: Company)
Yes Bank: Promoter Rana Kapoor has pledged 10 crore shares in the bank worth over Rs 900 crore. Morgan Credits Private Ltd, an entity linked to his family, has also pledged its 7.02 crore shares in the bank.
Yes Bank: Promoter Rana Kapoor has pledged 10 crore shares in the bank worth over Rs 900 crore. Morgan Credits Private Ltd, an entity linked to his family, has also pledged its 7.02 crore shares in the bank.
SBI Life: The company has posted an increase of 5 percent in its net profit to Rs 371.90 crore in the first quarter ended June 30. The gross written premium during the April-June period of 2019-20 grew 41 percent to Rs 6,690 crore. Of this, revenue from new business premium (NBP) jumped 52 percent to Rs 3,150 crore, while that from renewal premium were up 32 percent to Rs 3,540 crore
SBI Life: The company has posted an increase of 5 percent in its net profit to Rs 371.90 crore in the first quarter ended June 30. The gross written premium during the April-June period of 2019-20 grew 41 percent to Rs 6,690 crore. Of this, revenue from new business premium (NBP) jumped 52 percent to Rs 3,150 crore, while that from renewal premium were up 32 percent to Rs 3,540 crore
Torrent Pharma: The drug firm reported a 32.51 percent rise in its consolidated net profit to Rs 216 crore for the quarter ended June 30, mainly on account of robust sales in most geographies. Its consolidated revenue from operations stood at Rs 2,022 crore for the quarter, compared with Rs 1,872 crore for the corresponding period a year ago.
Torrent Pharma: The drug firm reported a 32.51 percent rise in its consolidated net profit to Rs 216 crore for the quarter ended June 30, mainly on account of robust sales in most geographies. Its consolidated revenue from operations stood at Rs 2,022 crore for the quarter, compared with Rs 1,872 crore for the corresponding period a year ago.
Bharti Airtel: The telecom department is planning to challenge the merger of Tata Teleservices consumer business with Bharti Airtel in the Supreme Court next month.
Bharti Airtel: The telecom department is planning to challenge the merger of Tata Teleservices consumer business with Bharti Airtel in the Supreme Court next month. "The DoT has not taken merger of Airtel and Tata Teleservices on record. Airtel has operationalised it (the merger) based on an order from the TDSAT. The department is planning to file special leave petition in the Supreme Court against the TDSAT order next month," an official source told PTI. (Image: Reuters)
Zee Entertainment: The media firm reported a 62.56 percent increase in consolidated net profit at Rs 529.76 crore for the first quarter ended June 2019, helped by growth in subscription revenue. Total income during the quarter stood at Rs 2,112.03 crore, up 15.93 percent from a year-ago quarter.
Zee Entertainment: The media firm reported a 62.56 percent increase in consolidated net profit at Rs 529.76 crore for the first quarter ended June 2019, helped by growth in subscription revenue. Total income during the quarter stood at Rs 2,112.03 crore, up 15.93 percent from a year-ago quarter.
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