These stocks are likely to be in focus on July 22
At market close on Thursday, the core equity indices ended higher owing to stellar earnings reports by major companies in the country.
The Sensex ended at 55,681.95, up by 284.42 points or 0.51% and the Nifty 50 closed at 16,605.25, up by 84.40 points or 0.51%.
The top trending stocks on the BSE were Bajaj Auto, Happiest Minds Technologies, IndusInd Bank, ITC, Yes Bank, Tata Communications, and Cummins India.
These stocks are likely to be in focus for Friday's trading session -
Gland Pharma Limited: For the quarter that ended in June 2022, the pharmaceutical company's profit decreased by 35% to Rs 229.2 crore due to weaker operating results and slower topline growth. Revenue fell 26% YoY to Rs 856.9 crore during the quarter due to ongoing supply difficulties in a difficult macroeconomic environment. The shares of the company ended lower by 5.82% on the BSE today.
Wipro Limited: The IT industry leader reported a 21% fall in net profit for the June quarter as greater employee-related costs increased the company's overall spending. Consolidated net profit in April through June was Rs 2,563.6 crore, down 20.6% from Rs 3,242.6 crore in the same period a year prior. The shares of the company ended 0.44% higher on the BSE.
NTPC Limited: The Moroccan Agency for Sustainable Energy (MASEN) and the state-owned power company has signed an agreement to work together on renewable energy. During the 17th CII EXIM Conclave on India Africa Growth Partnership, which took place in New Delhi from July 19–20, 2022, it inked an MoU with MASEN for cooperation in the renewable energy sector. The shares of the company ended 0.23% higher at Rs 150.90 on the BSE.
Havells India: The manufacturer of consumer electrical goods recorded an increase in overall net profit of 3.13% to Rs 243.16 crore for the June quarter, despite negative margin effects from fluctuating commodity costs. In the April-June quarter of the previous year, the company had reported a consolidated net profit of Rs 235.78 crore. The shares of the company ended 2.76% higher at Rs 522.90 on the BSE.
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