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Editor's Stock Picks:
Nifty View:
After a gap-up opening nifty had consolidated in a range until FIIs entered and start selling, and the late session had witnessed a recovery and caused nifty to close at 0.77% gain.
For the first time, nifty futures are closed at above 15,900 shows some bullish move is cooking up. In yesterday's premarket report, we discussed FIIs activity and hope you tracked the dip at noon.
But we have been witnessing the profit booking at 15,900 levels so watch for a strong candle to close above 15,900 for confirmation. 15,830 is the immediate support to be watched out for.
Nifty Midcap is trading at its all-time high so we can focus on some underperforming stocks.
Stocks in News:
HDFC Q1:Net Profit Down 6 % to Rs 3000 cr (QOQ), Down 2 % YOY, Revenue flat At Rs 11657 cr, Down 10 % YOY
VARUN BEVERAGES: Q1 CONS NET PROFIT 308 cr VS 141 cr (YOY); EST 200 cr | 129 cr (QOQ)
NMDC: July month production Of Iron ore Up 40 % To Rs 30 lk tn (YOY)
Voda idea: Sources says Vi to file a review petition against Sc rule in Agr Calculation.
MAHARASHTRA CMO Office to issue notification on the opening of MALLS, HOTELS, SHOPS today.
NCC: Ncc Gets Rs 1679 cr Worth Order From Govt.
DR REDDY'S: Co. says Received 31.5 lakh doses of Component 1 & 4.5 lakh doses of Component 2 of Sputnik V Vaccine in India. We are working closely with RIDF to Ramp up supplies. Co. also working closely with our partner in India For manufacturing.
MINDA IND : Co. approved Raising Fundbl by issuing equity shares, through QIP at floor price Rs 734
PNB Q1 : Net Profit Up 75 % To Rs 1023 cr (QOQ), up 232 YOY, NII up 4.15 % To Rs 7226 cr QOQ
Major Corporate Results on 03.08.21
- Bharati Airtel
- Tata Consumer
- Adani Ports
- Dabur
- Inox
- Adani Ent.
- Godrej Prop.
- NOCIL
