These 5 large-cap stocks are in the news on August 1
Dr Reddy's Laboratories: Board of Directors of the company at its meeting held on July 28, 2022, has considered and approved the proposal for the sale of its investment in the wholly-owned subsidiary, Imperial Credit Private Limited (“Imperial”), a Non- Banking Finance Company, subject to applicable regulatory approvals. Total consideration to be received is Rs 3,32,88,801. Today at 11:11 am, the scrip is trading at 4111.65, an increase of 0.52%.
Shree Cement Ltd: On a consolidated basis, the company has reported a fall of 55.80% in its net profit at Rs 278.86 crore for the June quarter as compared to Rs 630.89 crore for the same quarter last year. However, the total income of the company increased by 16.39% to Rs 4394.75 crore for the current as compared to Rs 3775.94 crore for the same quarter last year. Today at 11:11 am, the scrip is trading at 20,693.00, an increase of 1.03%.
NTPC Ltd: On a consolidated basis, the company has reported a surge of 15.51% in its net profit at Rs 3977.77 crore for Q1FY23 as compared to Rs 3443.72 crore reported in Q1FY22. The total income of the company climbed by 43.34% to Rs 43560.72 crore for the quarter under review as compared to Rs 30390.60 crore reported in the same quarter the previous year. Today at 11:11 am, the scrip is trading at Rs 152.00, a decrease of 0.62%.
Cipla Ltd: On a consolidated basis, the company has reported a marginal fall of 0.53% in its net profit at Rs 706.14 crore for the June quarter as compared to Rs 709.92 crore for the last year. Total income of the company decreased by 1.63% to Rs 5478.62 crore for Q1FY23 as compared to Rs 5569.28 crore reported in Q1FY22. Today at 11:11 am, the scrip is trading at 1002.50, an increase of 2.49%.
HDFC Ltd: Housing Development Finance Corporation (HDFC) entered into a share purchase agreement (SPA) with the State Bank of India (SBI) on July 29, 2022, for the acquisition of 97,500 equity shares of HDFC Venture Capital (HVCL) representing 19.50% of its paid-up share equity capital, at a consideration of Rs 10 per share.
HDFC holds 80.50% equity share capital of HVCL and the remaining shares are held by SBI. The acquisition is expected to be completed by August 12, 2022. Post the proposed acquisition of shares, HVCL would become a wholly-owned subsidiary of the corporation. Today at 11:11 am, the scrip is trading at Rs 2375.85, a decrease of 0.14%.
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