As D-Street prepares for another trading session on Monday, July 29, several key stocks are expected to be in focus. Following a significant rebound on Friday, where the BSE Sensex soared by 1,293 points and the NSE Nifty hit a record high, snapping a five-day losing streak, heavy value buying at lower levels and a rally in blue-chips like Infosys, Airtel, and Reliance Industries fueled the market.
Must-Watch Stocks for Monday ICICI Bank UltraTech
The Sensex climbed 1,292.92 points or 1.62% to close at 81,332.72, while the NSE Nifty surged 428.75 points or 1.76% to reach an all-time closing high of 24,834.85.
Here are some of the stocks that will be in the spotlight on Monday, July 29:
1. Q1 Results Announcements:
- Bharat Electronics
- HPCL
- ACC
- Colgate Palmolive
2. UltraTech Cement and India Cements:
- UltraTech Cement’s board has approved the acquisition of India Cements. UltraTech will acquire a 32.72% stake at Rs 390 per share, amounting to Rs 3,954 crore.
3. MCX:
- The company reported its Q1 results, with a net profit of Rs 110.9 crore, up from Rs 87.9 crore in the previous quarter. Revenue increased by 29.4% to Rs 234.4 crore from Rs 181.1 crore QoQ.
4. ICICI Bank:
- The private sector lender reported a 14.6% increase in standalone net profit, reaching Rs 11,059.1 crore, compared to Rs 9,648.2 crore a year ago.
5. Punjab National Bank, Must-Watch Stocks for Monday ICICI Bank UltraTech
- PNB’s net profit surged by 159% year-on-year, reaching Rs 3,252 crore for Q1 FY 2025, compared to Rs 1,255 crore in the same period last year.
6. IDFC First Bank:
- The bank reported an 11% decline in net profit, amounting to Rs 680 crore for the April-June quarter.
Stay tuned for the latest updates and market movements as these companies release their financial results and strategic announcements on Monday.
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