Editor's Stock Picks:
Stocks For Coming Week; Stocks For July Last Week
Update;
| SCRIP NAME | Recommended on | Rec. Price | High | Percentage |
|---|---|---|---|---|
| Kalyani Steels | 19.07.21 | 406 | 442 | 8.8% |
Nifty View:
- Being Nifty playing at the same range for 2 months, we could expect a breakout nearby.
- Crossing above 15,900 may trigger a bull run towards 16,000 and 16,300. For tomorrow 15,900 will be acting as major resistance and 15,780 will be key support.
- Tomorrow's action will be focused on Reliance, ICICI Bank, ITC, and JSW Steel which gives a 20% weightage to Nifty. Add these stocks to your watchlist for defining the action.
- Bank Nifty will be a key player for tomorrow. As more corporate results are on the way.
- Watch for ICICI Bank's response to its quarterly results and HDFC and HDFC Bank's recovery.
Stocks in News:
- Reliance Ind Q1: Net Profit Down 7 % To Rs 12273 cr (QOQ), 7 % Down YOY, Revenue Down 6 % To Rs 1.44 lakh cr(QOQ), up 58 % YOY
- ITC Q1: Net Profit down 12 % To Rs 3276 cr (QOQ), Up 30 % YOY, Revenues Down 6.5 % To Rs 14,240 cr (QOQ), Up 35 % YOY
- ICICI BANK Q1; Net Profit Up 5 % To Rs 4616 cr (QOQ) , Up 77 % YOY, NII up 6 % To Rs 11036 cr (QOQ), Q1 SLIPPAGES at 7231 cr vs 11818 cr ( QoQ )
- JSW STEEL Q1: Net Profit Up 41 % To Rs 5900 cr QOQ ,Rs 582 cr Loss YO, Revenue Up 8 % to Rs 28432 cr (QOQ) , up 154 % YOY
- CIPLA: Cipla is recalling 7,228 bottles of Solifenacin Succinate tablets, a medicine used to treat overactive bladder, in the #US market due to manufacturing issues
- GOLD STOCKS: Gold imports jump multi-fold to $7.9 billion in April-June quarter
- Yes Bank : YES Bank has tied up with National Payments Corporation of India for issuing RuPay cards and will ink a similar deal with VISA
- INDUSIND BANK: Board approves fundraising up to Rs 30,000 cr via the various instruments.
Major Quarterly Results on 26.07.21:
- TATA MOTORS
- KOTAK BANK
- AXIS BANK
- L&T
- DLF
- SBI LIFE
