NIFTY 50

Here’s a look at buzzing stocks for trade on July 10

Updated : July 10, 2020 07:49 AM IST

The Indian market is likely to open lower Friday following losses in global markets as rising coronavirus infection cases dampened sentiment. At 7:45 am, the SGX Nifty was trading 47.65 points or 0.44 percent lower at 10,795.50, indicating a negative start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. Reliance Industries: The company and BP Plc have announced the start of their new Indian fuels and mobility joint venture, Reliance BP Mobility Limited (RBML). (Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)

2. Tata Consultancy Services: The IT behemoth reported 12.9 percent fall in Q1FY21 net profit to Rs 7,008 crore as against Rs 8,049 crore in the previous quarter. Revenue declined 4.1 percent to Rs 38,322 core from Rs 39,946 crore, QoQ. Dollar revenue was down 7.1 percent at $5,059 million while Constant Currency revenue growth slipped to -6.9 percent, QoQ. EBIT fell 9.7 percent to Rs 9,048 crore while EBIT margin contracted 148 bps to 23.61 percent, QoQ.

3. Tata Motors: Jaguar Land Rover’s total sales in Q1FY21 fell 42.4 percent YoY to 74,067 units. Over 95 percent of JLR’s retailers worldwide are now open or partially open and all of the company’s plants have resumed manufacturing, with the exception of the Castle Bromwich facility, which will gradually restart in August, the company said.

4. Punjab National Bank: The bank has reported fraud of Rs 3,688 crore in NPA A/c of DHFL to RBI. The bank has already made provisions of Rs 1,246.58 crore as per norms. The bank’s board has approved raising up to Rs 10,000 crore via QIP, FPO, rights issue or any other mode; and sought shareholders nod to raise Rs 7,000 crore in equity capital at its AGM.

5. PNB Housing Finance: The company said that the impact of COVID-19 and the resultant lockdown was visible on the disbursements in Q4FY20 and Q1FY21. The company in Q1FY21 disbursed Rs 800 crore of loans and maintained cash and bank balance of around Rs 7,000 crore as on June 30, 2020. As on June 30, 2020, the Retail Loans under moratorium phase 2 account for 29 percent of the Retail AUM and on overall basis, 39 percent of the AUM is under moratorium.

6. JSW Steel: Moody’s has confirmed 'Ba2' rating on the company and changed the outlook to ‘negative’ from ‘ratings under review’.

7. VIP Industries: The company’s board has approved raising up to Rs 100 crore via NCDs.

8. Muthoot Capital Services: The company has completed a securitisation transaction of Rs 100.89 crore on July 6.

9. Container Corporation of India: The company’s total throughput in Q1FY21 was down 21 percent at 7.33 lakh TEUs.

10. NLC India: The company has commissioned solar project in the Andaman islands on June 30.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV