• SENSEX
    NIFTY 50
Market

Top stocks to watch out for on July 26: Tata Motors, Bank of Baroda, Biocon, PNB, Bajaj Finserv

Updated : 2019-07-26 07:32:50

Indian shares are likely to remain under selling pressure on Friday as poor June-quarter earnings and losses in global markets weigh on equities. Asian shares traded marginally lower following mixed US corporate earnings. The BSE Sensex and the NSE Nifty 50 closed lower for a sixth straight session on Thursday, dragged by losses in Reliance Industries and Tata Motors. At 7.10 AM, the SGX Nifty futures traded 32 points, or 0.28 percent, lower at 11,269, indicating a negative start for the Sensex and the Nifty 50.

Tata Motors: The homegrown auto major reported a consolidated net loss of Rs 3,679.66 crore for the first quarter ended June 30, hit by lower sales in China and India. The company, which had posted a net loss of Rs 1,862.57 crore in the year-ago quarter, said its profitability was also impacted by higher marketing expenses and discounts in wake of the slowdown in the automotive market. Consolidated total revenue during the period stood at Rs 61,466.99 crore as against Rs 66,701.05 crore last year. (Image: Reuters)
Tata Motors: The homegrown auto major reported a consolidated net loss of Rs 3,679.66 crore for the first quarter ended June 30, hit by lower sales in China and India. The company, which had posted a net loss of Rs 1,862.57 crore in the year-ago quarter, said its profitability was also impacted by higher marketing expenses and discounts in wake of the slowdown in the automotive market. Consolidated total revenue during the period stood at Rs 61,466.99 crore as against Rs 66,701.05 crore last year. (Image: Reuters)
Bank of Baroda: The second-largest state-owned bank reported a net income of Rs 710 crore for the June 2019 quarter, driven by higher non-interest income and lower provisioning despite a spike in dud loans. On a consolidated level, the merged bank has booked a net income of Rs 834 crore for the reporting quarter. Non-interest income grew 16.12 percent to Rs 641 crore from Rs 552 crore, and an operating profit of Rs 4,276 crore. (Image: Reuters)
Bank of Baroda: The second-largest state-owned bank reported a net income of Rs 710 crore for the June 2019 quarter, driven by higher non-interest income and lower provisioning despite a spike in dud loans. On a consolidated level, the merged bank has booked a net income of Rs 834 crore for the reporting quarter. Non-interest income grew 16.12 percent to Rs 641 crore from Rs 552 crore, and an operating profit of Rs 4,276 crore. (Image: Reuters)
Indiabulls Housing Finance: The board has recommended Gagan Banga as CEO of the proposed entity to be formed after its merger with Lakshmi Vilas Bank. (Image: Company)
Indiabulls Housing Finance: The board has recommended Gagan Banga as CEO of the proposed entity to be formed after its merger with Lakshmi Vilas Bank. (Image: Company)
Punjab National Bank: The board has approved raising Rs 5,000 crore through public offer. (Image: Reuters)
Punjab National Bank: The board has approved raising Rs 5,000 crore through public offer. (Image: Reuters)
Hotel Leelaventure: The NCLT gave Hotel Leelaventure two months time to comply with the latest Sebi directives asking the hospitality company to make additional disclosures to shareholders to proceed with its proposed sale to Brookfield for Rs 3,950 crore. (Image: Company)
Hotel Leelaventure: The NCLT gave Hotel Leelaventure two months time to comply with the latest Sebi directives asking the hospitality company to make additional disclosures to shareholders to proceed with its proposed sale to Brookfield for Rs 3,950 crore. (Image: Company)
AU Small Finance Bank: Net profit more than doubled to Rs 190 crore in the first quarter ended June 30 from Rs 77 crore a year ago. Net interest income increased 38 percent to Rs 396 crore, while income from other sources jumped 30 percent to Rs 134 crore. (Image: Company)
AU Small Finance Bank: Net profit more than doubled to Rs 190 crore in the first quarter ended June 30 from Rs 77 crore a year ago. Net interest income increased 38 percent to Rs 396 crore, while income from other sources jumped 30 percent to Rs 134 crore. (Image: Company)
Gruh Finance: The lender reported almost flat net profit at Rs 115.64 crore for the first quarter ended June 30. The company's revenue increased to Rs 532.97 crore in the June quarter, as against Rs 450.95 crore a year ago. (Stock Image)
Gruh Finance: The lender reported almost flat net profit at Rs 115.64 crore for the first quarter ended June 30. The company's revenue increased to Rs 532.97 crore in the June quarter, as against Rs 450.95 crore a year ago. (Stock Image)
Persistent Systems: The IT firm reported a 5.6 percent fall in consolidated net profit to Rs 82.4 crore for the June 2019 quarter. Its revenue from operations declined marginally to Rs 832.1 crore in the June 2019 quarter as compared with Rs 834.2 crore in the April-June 2018 period. In dollar terms, the company's revenue slipped 3.2 percent to $119.62 million from the year-ago period. (Image: Company)
Persistent Systems: The IT firm reported a 5.6 percent fall in consolidated net profit to Rs 82.4 crore for the June 2019 quarter. Its revenue from operations declined marginally to Rs 832.1 crore in the June 2019 quarter as compared with Rs 834.2 crore in the April-June 2018 period. In dollar terms, the company's revenue slipped 3.2 percent to $119.62 million from the year-ago period. (Image: Company)
Biocon: The biotechnology major reported a 72.34 percent rise in consolidated net profit to Rs 206.3 crore for the quarter ended on June 30, mainly on account of robust growth of biologics and small molecules segments. Consolidated total income of the company stood at Rs 1,490 crore for the quarter under consideration as against Rs 1,192.6 crore for the same period year ago. (Image: Company)
Biocon: The biotechnology major reported a 72.34 percent rise in consolidated net profit to Rs 206.3 crore for the quarter ended on June 30, mainly on account of robust growth of biologics and small molecules segments. Consolidated total income of the company stood at Rs 1,490 crore for the quarter under consideration as against Rs 1,192.6 crore for the same period year ago. (Image: Company)
South Indian Bank: The bank posted more than three-fold jump in its net profit to Rs 73.26 crore for the quarter ending June on higher interest income and a fall in bad loan provisions. The interest income of the bank increased to Rs 1,894.85 crore in the quarter under review from Rs 1,653.91 crore in April-June 2018. (Image: Company)
South Indian Bank: The bank posted more than three-fold jump in its net profit to Rs 73.26 crore for the quarter ending June on higher interest income and a fall in bad loan provisions. The interest income of the bank increased to Rs 1,894.85 crore in the quarter under review from Rs 1,653.91 crore in April-June 2018. (Image: Company)
Shriram Transport Finance: The International Finance Corporation (IFC) will lend $100 million of the $200-million to support Shriram Transport Finance to finance truck purchases and small businesses. (Image: Company)
Shriram Transport Finance: The International Finance Corporation (IFC) will lend $100 million of the $200-million to support Shriram Transport Finance to finance truck purchases and small businesses. (Image: Company)
Bajaj Finserv: The company reported a 2 percent rise in its consolidated net profit to Rs 845.30 crore in the first quarter ended June 30. Total revenues during the quarter jumped by 40 percent to Rs 12,272.30 crore, as against Rs 8,771.10 crore in the year-ago period.
Bajaj Finserv: The company reported a 2 percent rise in its consolidated net profit to Rs 845.30 crore in the first quarter ended June 30. Total revenues during the quarter jumped by 40 percent to Rs 12,272.30 crore, as against Rs 8,771.10 crore in the year-ago period. "During this quarter, the tight liquidity conditions witnessed in the aftermath of a default by IL&FS did not show signs of abatement and companies with stronger balance sheets were favoured by lending banks and investors," Bajaj Finserv said. (Image: Company)
Live TV

Ask Our Experts CNBC TV18