• SENSEX
    NIFTY 50
Market

Top stocks to watch out for on July 31: Coffee Day Enterprises, Axis Bank, Hero Motocorp, Tech Mahindra

Updated : 2019-07-31 07:32:28

Indian shares are likely to open lower on Wednesday, in line with Asian stocks, on renewed worries over US-China trade war following threats from US President Donald Trump to Beijing. Investors are also awaiting the US Federal Reserve's announcement on interest rates later today. At 7.00 AM, the SGX Nifty futures traded 35 points, or 0.32 percent, lower at 11,062, indicating a negative start for the Sensex and the Nifty 50.

Coffee Day Enterprises: The body of Cafe Coffee Day co-founder VG Siddhartha was recovered on Wednesday morning after over 24 hours of search operations carried out by officials in the Netravathi river in Karnataka. In a letter reportedly written by Siddhartha to the board, which was accessed by CNN-News18, the businessman had said that he failed to create the right profitable business model despite taking best efforts. Siddhartha, the founder of India's largest coffee chain and who also owns Asia's single largest Coffee estate, was reportedly missing from July 29 evening. (Image: Stock)
Coffee Day Enterprises: The body of Cafe Coffee Day co-founder VG Siddhartha was recovered on Wednesday morning after over 24 hours of search operations carried out by officials in the Netravathi river in Karnataka. In a letter reportedly written by Siddhartha to the board, which was accessed by CNN-News18, the businessman had said that he failed to create the right profitable business model despite taking best efforts. Siddhartha, the founder of India's largest coffee chain and who also owns Asia's single largest Coffee estate, was reportedly missing from July 29 evening. (Image: Stock)
Axis Bank: Private lender Axis Bank on Tuesday reported a 95 percent year-on-year (YoY) jump in standalone net profit at Rs 1,370 crore for the first quarter ended June 2019. As on June 30, 2019, the bank’s gross NPA and net NPA levels were 5.25 percent and 2.04 percent respectively, as against 5.26 percent and 2.06 percent respectively as on March 31, 2019. (Image: Reuters)
Axis Bank: Private lender Axis Bank on Tuesday reported a 95 percent year-on-year (YoY) jump in standalone net profit at Rs 1,370 crore for the first quarter ended June 2019. As on June 30, 2019, the bank’s gross NPA and net NPA levels were 5.25 percent and 2.04 percent respectively, as against 5.26 percent and 2.06 percent respectively as on March 31, 2019. (Image: Reuters)
Tech Mahindra: IT company Tech Mahindra posted a 6.8 percent increase in net profit to Rs 959.3 crore for the first quarter of 2019-20 compared to Rs 897.9 crore in the same quarter of last year. The company is to acquire a majority stake in Mad*Pow Media Solutions, LLC through its wholly-owned subsidiary Tech Mahindra (Americas), Inc. (Image: Stock)
Tech Mahindra: IT company Tech Mahindra posted a 6.8 percent increase in net profit to Rs 959.3 crore for the first quarter of 2019-20 compared to Rs 897.9 crore in the same quarter of last year. The company is to acquire a majority stake in Mad*Pow Media Solutions, LLC through its wholly-owned subsidiary Tech Mahindra (Americas), Inc. (Image: Stock)
Hero MotoCorp: The country's largest two-wheeler maker Hero Moto Corp on Tuesday posted a 35.89 percent increase in consolidated net profit at Rs 1,256.69 crore for the first quarter ended June 30, 2019, on the back of a one-off exceptional gain of Rs 737.48 crore. (Image: Reuters)
Hero MotoCorp: The country's largest two-wheeler maker Hero Moto Corp on Tuesday posted a 35.89 percent increase in consolidated net profit at Rs 1,256.69 crore for the first quarter ended June 30, 2019, on the back of a one-off exceptional gain of Rs 737.48 crore. (Image: Reuters)
Mindtree: Cognizant's Debashis Chatterjee will join Mindtree as chief executive officer (CEO) from August 1, multiple sources confirmed to CNBC-TV18. Chatterjee will stay at Cognizant till July 31, he announced in a post on LinkedIn. He has been with Cognizant for over two decades, and in his latest role, was the president for global delivery and digital systems and tech at the firm. (Image: Reuters)
Mindtree: Cognizant's Debashis Chatterjee will join Mindtree as chief executive officer (CEO) from August 1, multiple sources confirmed to CNBC-TV18. Chatterjee will stay at Cognizant till July 31, he announced in a post on LinkedIn. He has been with Cognizant for over two decades, and in his latest role, was the president for global delivery and digital systems and tech at the firm. (Image: Reuters)
Tata Motors: Jaguar Land Rover, Tata Motors’ British luxury car arm, is looking to explore 'strategic to tactical' partnerships to address its capex issues, Tata Sons’ chairman N Chandrasekaran told shareholders at the company’s 74<sup>th</sup> annual general meeting on Tuesday. Responding to shareholders' concerns about reports of discussions of a possible stake sale to French automaker PSA Group, Chandrasekaran clarified that the company is meeting “multiple players” to hold discussions for partnerships with JLR, and that it will explore all options that are in the interest of the company. (Image: Reuters)
Tata Motors: Jaguar Land Rover, Tata Motors’ British luxury car arm, is looking to explore 'strategic to tactical' partnerships to address its capex issues, Tata Sons’ chairman N Chandrasekaran told shareholders at the company’s 74th annual general meeting on Tuesday. Responding to shareholders' concerns about reports of discussions of a possible stake sale to French automaker PSA Group, Chandrasekaran clarified that the company is meeting “multiple players” to hold discussions for partnerships with JLR, and that it will explore all options that are in the interest of the company. (Image: Reuters)
Alkem Labs: US FDA closes inspection at Baddi Unit after the company's response. US FDA had issued 4 observations to Baddi unit in May. (Image: Stock)
Alkem Labs: US FDA closes inspection at Baddi Unit after the company's response. US FDA had issued 4 observations to Baddi unit in May. (Image: Stock)
JSW Steel: Company declared as the preferred bidder for another 3 iron ore mines (Narayanpura Manganese & Iron Ore Mine, Dharmapura Iron Ore Mine & BBH Mines) in the auctions held by the Government of Karnataka in July 2019. The estimated resources of these mines are around 92.97 MMT. (Image: Reuters)
JSW Steel: Company declared as the preferred bidder for another 3 iron ore mines (Narayanpura Manganese & Iron Ore Mine, Dharmapura Iron Ore Mine & BBH Mines) in the auctions held by the Government of Karnataka in July 2019. The estimated resources of these mines are around 92.97 MMT. (Image: Reuters)
Mahindra & Mahindra: After the issue of compulsorily convertible cumulative preference shares to the company, the shareholding of the company in SmartShift Logistics Solutions Private Limited (Porter) will get enhanced from 30.73 percent to approximately 34 percent. (Image: Reuters)
Mahindra & Mahindra: After the issue of compulsorily convertible cumulative preference shares to the company, the shareholding of the company in SmartShift Logistics Solutions Private Limited (Porter) will get enhanced from 30.73 percent to approximately 34 percent. (Image: Reuters)
Vadilal Industries: India Ratings and Research (IndeRA) has downgraded Vadilal Industries Limited long-term issuer rating to 'IND BBB+' from 'IND A-’and maintained it on Rating Watch Negative (RWN). The downgrade and maintenance of VlL’s ratings on RWN reflect IndvRa’s concerns regarding recurrent delays in publishing of audited 4QFY19 results, uncertainty around governance structure as reflected in the resignation of independent directors. (Image: Company)
Vadilal Industries: India Ratings and Research (IndeRA) has downgraded Vadilal Industries Limited long-term issuer rating to 'IND BBB+' from 'IND A-’and maintained it on Rating Watch Negative (RWN). The downgrade and maintenance of VlL’s ratings on RWN reflect IndvRa’s concerns regarding recurrent delays in publishing of audited 4QFY19 results, uncertainty around governance structure as reflected in the resignation of independent directors. (Image: Company)
Live TV

Ask Our Experts CNBC TV18