These stocks are likely to be in focus on August 12

These stocks are likely to be in focus on August 12

Indian Market
by 5paisa Research Team Last Updated: 2022-08-11T17:07:14+05:30

At market close on Thursday, the core equity continued the winning streak since the last week, and gained almost a per cent on the bourses, as the US inflation data cheered investors all over the world.

The Sensex ended at 59,332.60, up by 515.31 points or 0.88% and the Nifty 50 closed at 17,659.0, up by 124.25 points or 0.71%.

The top trending stocks on the BSE were Adani Enterprises, Affle India, Eicher Motors, Devyani International, Bank of Baroda, Coal India, and BEL.

These stocks are likely to be in focus for Friday's trading session -

Tata Consumer Products Limited: For the June quarter 2022–23, the FMCG giant reported a 38.2% increase in consolidated net profit to Rs 276.72 crore from Rs 200.24 crore the previous year. In Q1FY23, revenue from operations increased 10.58% year over year (YoY) to Rs 3,326.83 crore. Despite a difficult macroeconomic environment, management reported that the company saw increases in market share in India for both the tea and salt categories. The shares of the company ended lower by 2.13% on the BSE today.

Tata Consultancy Services Limited: Tata Consultancy Services has partnered with Five Star Bank, a subsidiary of Financial Institutions, Inc on its digital transformation journey, helping it determine lending risk and deliver hyper-personalized customer experiences using the TCS Customer Intelligence & Insights (CI&I) analytics platform. In Central and Western New York, Five Star Bank is a leading supplier of consumer and business loan services. Shares of TCS ended 1.98% higher, on the BSE.

Pidilite Industries Limited: In Q1FY23, the company recorded a consolidated net profit increase of 64.27% YoY to Rs 357.52 crore from Rs 217.64 crore. Operating income increased by 60.11% to Rs 3,101.11 crore from Rs 1,936.79 crore in the same period last year. While sales from the consumer and bazaar segments increased by 63.9% YoY in Q1FY23, revenue from the business-to-business segment increased by almost 50% YoY. Shares of the company ended 0.05% lower at Rs 32636.05 on the BSE.

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