Stocks to watch on Monday, July 21: Following four days of record-breaking gains and sluggish global market trends, investors chose to book profits, which caused the equity benchmark indices, Sensex and Nifty, to fall on Friday. In the first transaction, the 30-share BSE Sensex reached a new all-time high of 81,587.76, but it was unable to maintain its winning momentum and fell 738.81 points, or 0.91 percent, to close below the 81,000 level at 80,604.65. The NSE Nifty opened at 24,530.90, having touched a new record high of 24,854.80 at the opening bell. However, it fell 269.95 points, or 1.09 percent, later. These stocks are what will be under consideration on Monday, July 21st.
1/5 July 22 Results:
Top Picks for Monday BPCL - Vedanta
On Monday, a number of companies will release their Q1FY25 results, including Coforge, Cyient DLM, Jana Small Finance Bank, Zensar Technologies, Mahindra Logistics, IDBI Bank, Indian Overseas Bank, Suzlon Energy, and UCO Bank.
2/5 HDFC Bank:
The biggest private sector lender in the nation announced on Saturday that its standalone net profit for the April–June quarter was Rs 16,174.8 crore, up 35.3% from the same time the previous year.
According to a regulatory filing, its net interest income (NII), or the difference between interest collected and interest paid, increased 26.4% year over year to Rs 29,837.1 crore. The bank’s board also approved the start of the listing procedure for HDBFS in the event of a possible IPO.
3/5 JK Cement, Top Picks for Monday BPCL – Vedanta
For the first quarter that concluded in June 2024, JK Cement Ltd. recorded a 67% increase in its consolidated net profit to Rs 184.82 crore on Saturday.
4/5 Advaita
The Gollarahatti-Mallenahalli Nickel Chromium and PGE Block and the Genjana Nickel, Chromium and PGE Block have designated the company as the “preferred bidder.”
5/5 BPCL:
For the fiscal year 2023–2024, the business set August 9 as the record date for the dividend of Rs 10.5 per equity share.
Account opning link:
- Groww Account- https://app.groww.in/v3cO/kyrp1zph
- Kotak neo Account https://kotaksecurities.ref-r.com/c/i/32531/109103906
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