From Reliance to Punjab National Bank, Stocks to watch out today
Today, on the basis of less-than-encouraging global cues, domestic stock markets are set to open in the negative.Author : Shagun
On Monday, India's stock benchmarks held their gains despite a flood of quarterly corporate earnings. The S&P BSE Sensex increased by 0.69 per cent to 52,950.63, while the NSE Nifty 50 Index increased by 0.77 per cent to 15,885.15.
After the market closed Monday, RBL Bank, Punjab National Bank, Castrol India, CG Power, and Industrial Solutions all released quarterly results.
Today, on the basis of less-than-encouraging global cues, domestic stock markets are set to open in the negative. The SGX Nifty is showing a negative opening trend, with a 35-point drop. On the Singapore Stock Exchange, the Nifty futures were trading at 15,876, down 35 points or 0.25 per cent, at 7:30 a.m.
The BSE Sensex closed at 52,950.63, gained 363.79 points, while the Nifty50 gained 122.20 points to 15,885.20.
Stocks to watch out in trade today, on August 3
Reliance Industries has established a new wholly-owned company and invested Rs 1 lakh in Reliance New Solar Energy Limited, to pursue solar energy-related operations.
With effect from August 3, the company has increased the prices of its passenger vehicles by 0.8%, depending on the variant and model.
Until August 31, the company will guarantee all retail prices.
The company has raised its prices for the third time this year following the rising commodity costs.
According to Bloomberg Quint, in July, NCC received four fresh orders totaling Rs 1,679 crore. One order for Rs 732 crore belongs to the Building Division, two orders at Rs 730 crore pertain to the Water & Environment Division, and one order worth Rs 217 crore goes to the Electrical Division.
These directives were issued by state government entities.
Punjab National Bank
According to an NDTV report, the net profit of Punjab National Bank increased to 1,023.5 crores in the first quarter of 2021, up from 308.5 crores the previous year.
In Q1FY22, Ajmera Realty reported a five-fold increase in consolidated net profit from 2.10 crore to 10.26 crore, while total income increased from 40.16 crore to 135.27 crore, YoY, reported by NDTV.