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Market Opening - An Overview
SGX Nifty futures were trading 0.73% higher at 15,889.5, signalling that Dalal Street was headed for a positive start on Monday.
The Indian Rupee closed 13 paise lower at 74.42 against the US dollar on Friday.
Most Asian equities were trading higher on Monday as cautious investors keenly eyed corporate earnings due this week, amid a rising threat of the delta variant of coronavirus.
FII/DII trading data on Friday (30-07-2021)
| Category | Buy Value | Sell Value | Net Value |
| FII/FPI | 8506.05 | 12354.36 | -3848.31 |
| DII | 8047.43 | 5090.75 | 2956.68 |
| *All numbers are in INR crore | |||
Upcoming Earnings
HDFC, Punjab National Bank, Emami, RBL Bank, Shree Renuka Sugars, Balaji Amines, Carborundum Universal, Castrol India, Orient Cement and Varun Beverages are expected to release quarterly results.
Stocks in News Today
Britannia: The biscuit maker’s consolidated net profit declined 29% to Rs 387 crore for the quarter ended June of FY22, from Rs 543 crore in the year-ago period. The company’s total revenue stood at Rs 3464 crore in the first quarter, as against Rs 3514 crore in the corresponding quarter of last year. The company’s operating margin improved to 15.1% in Q1 of FY22.
Marico: The FMCG company posted a consolidated net profit of Rs 365 crore in the first quarter of FY22, down 5.92% from Rs 388 crore in the same period of last year. Its operating revenue increased 31.16% to Rs 2525 crore in the quarter, from Rs 1925 crore in the year-ago period. The company’s sales from international business increased 19.77% to Rs 533 crore in Q1 of FY22, from Rs 445 crore in the same period of last year.
JSW Energy: The company’s consolidated net profit fell 5.6% to Rs 201 crore in the first quarter of FY22. Adjusting for one-time charged the company’s profit after tax stood at Rs 261 crore, as against Rs 213 crore in the corresponding quarter of previous year. The company reported a total revenue of Rs 1860 crore, compared with Rs 1887 crore in Q1 of FY21.
NTPC: The public sector power producer reported a consolidated net profit if Rs 3443.72 crore in Apr-Jun quarter of FY22, as against Rs 2948.94 crore in the year-ago period. Total income in the quarter increased to Rs 30,390.6 crore in the quarter, from Rs 26,794.68 crore in the corresponding period of last year. Its gross power generation stood at 71.74 billion units, as compared with 60.18 billion units in the year-ago period.
IDFC First Bank: The private lender reported a net loss of Rs 630 crore in Apr-Jun quarter due to higher provisioning, as against a net profit of Rs 93 crore in the year-ago period. Net Interest Income rose 25% to Rs 2185 crore in the quarter from Rs 1744 crore in the corresponding period of last year. Gross NPA ratio stood at 4.61% in the quarter, compared with 1.99% in the same period of last year.
Dalmia Bharat Sugar and Industries: The company’s consolidated net profit declined slightly to Rs 124.34 crore for the quarter ended June, from Rs 125.86 crore in the year-ago period. Total income fell to Rs 823.45 crore in Q1 of FY22, from Rs 897.99 crore in the corresponding period of last year.
Shriram Transport Finance Corp: The NBFC’s net profit declined 47% to Rs 170 crore in Apr-Jun quarter, as against Rs 320 crore in the year-ago period. The company’s interest income increased to Rs 4479.28 crore in Q1 of FY22, from Rs 4102.58 crore in the corresponding period of FY21. The asset under management was at Rs 1.19 lakh crore for the quarter ended June, compared with Rs 1.12 lakh crore.
Nazara Technologies: The company reported a net profit of Rs 13.6 crore in the first quarter of FY22, compared with a net loss of Rs 21.7 crore in the year-ago period. Its revenue increased to Rs 131.2 crore, from Rs 90.5 crore in the year-ago period. Its e-sports segment was the main contributor to its total revenue at Rs 53.2 crore for the quarter ended in June.