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Top stocks to watch out for on July 22: RIL, IndiGo, HDFC Bank, Axis Bank, Cipla, Dr Reddy's

Updated : 2019-07-22 07:22:03

Indian shares are likely to open lower on Monday as investors remained cautious amid the ongoing June-quarter earnings season. Asian shares fell after heightened geopolitical tensions in the Middle East and expectations of a lower than expected cut in interest rates by the US Federal Reserve. The BSE Sensex and NSE’s Nifty 50 plunged 1.5 percent on Friday following muted earnings and the government’s decision to maintain the status quo on the FPI tax issue. At 7.15 Am, the SGX Nifty futures traded 20 points, or 0.18 percent, lower at 11,409, indicating a negative start for the Sensex and the Nifty 50. Here are the top stocks to watch out for in today's trade:

HDFC Bank reported a 21 percent year-on-year (YoY) jump in net profit at Rs 5,568.2 crore for the first quarter ended June 2019. CNBC-TV18 Polls had predicted a profit of Rs 5,609 crore for the quarter under review. The bank's total income for the quarter ended June 30 stood at Rs 32,361.8 crore, up 22.7 percent from a year ago. (Image: Company)
HDFC Bank reported a 21 percent year-on-year (YoY) jump in net profit at Rs 5,568.2 crore for the first quarter ended June 2019. CNBC-TV18 Polls had predicted a profit of Rs 5,609 crore for the quarter under review. The bank's total income for the quarter ended June 30 stood at Rs 32,361.8 crore, up 22.7 percent from a year ago. (Image: Company)
Reliance Industries: RIL reported a 6.8 percent year-on-year (YoY) jump in consolidated net profit at Rs 10,104 crore for the first quarter ended June 2019. Reliance had said that has said its flagship natural gas fields in the KG-D6 block in the Bay of Bengal are in
Reliance Industries: RIL reported a 6.8 percent year-on-year (YoY) jump in consolidated net profit at Rs 10,104 crore for the first quarter ended June 2019. Reliance had said that has said its flagship natural gas fields in the KG-D6 block in the Bay of Bengal are in "a late life stage" with output plummeting to an all-time low. Canadian investment firm Brookfield Asset Management has agreed to invest Rs 25,215 crore in a trust that controls Reliance Industries' telecom tower infrastructure assets. (Image: Reuters)
InterGlobe Aviation: IndiGo parent reported the highest quarterly profit since listing and its yields surged post grounding of Jet Airways. The company recorded a consolidated net profit of Rs 1,203 crore for the first quarter ended in June 2019. The profit has increased more than 43 times. (Image: Reuters)
InterGlobe Aviation: IndiGo parent reported the highest quarterly profit since listing and its yields surged post grounding of Jet Airways. The company recorded a consolidated net profit of Rs 1,203 crore for the first quarter ended in June 2019. The profit has increased more than 43 times. (Image: Reuters)
Axis Bank: The board has approved raising up to Rs 18,000 crore through an issue of equity shares, depository receipts or convertible securities. (Image: Reuters)
Axis Bank: The board has approved raising up to Rs 18,000 crore through an issue of equity shares, depository receipts or convertible securities. (Image: Reuters)
Jet Airways: The resolution professional of Jet Airways called for expressions of interest (EoIs) to sell the grounded airline's meagre assets by August 3. (Image: Reuters)
Jet Airways: The resolution professional of Jet Airways called for expressions of interest (EoIs) to sell the grounded airline's meagre assets by August 3. (Image: Reuters)
Strides Pharma: The inspection of its formulation facility in Bengaluru by the US health regulator has completed successfully with a voluntary action indicated (VAI) classification. (Image: Company)
Strides Pharma: The inspection of its formulation facility in Bengaluru by the US health regulator has completed successfully with a voluntary action indicated (VAI) classification. (Image: Company)
Dr Reddy's Labs:  The drug major has completed sale of its US and select territory rights for two neurology products to Upsher-Smith Laboratories.
Dr Reddy's Labs:  The drug major has completed sale of its US and select territory rights for two neurology products to Upsher-Smith Laboratories.
Future Lifestyle Fashions Ltd: FLFL, part of the Kishore Biyani-led Future Group, posted a 6.83 percent fall in consolidated net profit at Rs 24.54 crore for the first quarter of 2019-20. Profit took a beating due to higher expenses, which rose to Rs 1,507.02 crore during the April-June period of the current fiscal from Rs 1,281.91 crore in the year-ago quarter. (Image: Company)
Future Lifestyle Fashions Ltd: FLFL, part of the Kishore Biyani-led Future Group, posted a 6.83 percent fall in consolidated net profit at Rs 24.54 crore for the first quarter of 2019-20. Profit took a beating due to higher expenses, which rose to Rs 1,507.02 crore during the April-June period of the current fiscal from Rs 1,281.91 crore in the year-ago quarter. (Image: Company)
CG Power and Industrial Solutions: The company has bagged a contract worth EUR 12.5 million (around Rs 96.77 crore) for setting up substations for a wind farm in Saudi Arabia.
CG Power and Industrial Solutions: The company has bagged a contract worth EUR 12.5 million (around Rs 96.77 crore) for setting up substations for a wind farm in Saudi Arabia.
Cipla: The United States Food and Drug Administration (USFDA) issued seven observations after conducting a routine 'cGMP inspection' at Cipla's API manufacturing facility in Virgonangar, Bengaluru.
Cipla: The United States Food and Drug Administration (USFDA) issued seven observations after conducting a routine 'cGMP inspection' at Cipla's API manufacturing facility in Virgonangar, Bengaluru.
ICICI Lombard General Insurance: The firm reported a 7.1 percent rise in its net profit at Rs 310 crore for the first quarter ended June 2019. The company's gross direct premium income (GDPI) fell 7.6 per cent to Rs 3,487 crore during June quarter of 2019-20 as against Rs 3,774 crore in the year ago period.
ICICI Lombard General Insurance: The firm reported a 7.1 percent rise in its net profit at Rs 310 crore for the first quarter ended June 2019. The company's gross direct premium income (GDPI) fell 7.6 per cent to Rs 3,487 crore during June quarter of 2019-20 as against Rs 3,774 crore in the year ago period.
RBL Bank: The bank posted a 41 percent growth in June quarter net at Rs 267.1 crore, but guided towards a spike in dud assets due to the exposures to a few troubled corporate entities. (Image: Company)
RBL Bank: The bank posted a 41 percent growth in June quarter net at Rs 267.1 crore, but guided towards a spike in dud assets due to the exposures to a few troubled corporate entities. (Image: Company)
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