Stocks in focus today: Glenmark, Trent, Oil India, Apollo Hospital, Bata India

Focus will be on companies like Godrej Industries, Hero Motorcorp, India Cements, Apollo Tyres, and Bajaj Electricals when they report their June quarter profits today.


Here are the top 10 stocks that will remain in focus for today:

Oil India: The second-largest state explorer in the country, Oil India Ltd. (OIL), announced a tripling of its net profit in the June quarter due to record oil and gas price realisation. The business reported that its net profit for the months of April through June was ₹1,555.46 crore, or ₹14.34 per share, up from ₹507.94 crore, or ₹4.68 per share, during the same period last year. The company sold crude oil for USD 112.72 per barrel in the quarter as opposed to USD 67.15 per barrel in the same time previous year, which resulted in an increase in earnings.

Apollo Hospitals: In the first quarter of FY23, the healthcare system Apollo Hospitals Enterprise’s consolidated net profit fell 35.33% to ₹323.78 crore due to rising expenses and only little revenue growth. According to a regulatory filing from Apollo Hospitals Enterprise Ltd, the business reported a consolidated net profit of ₹500.68 crore during the same time the previous year. According to the statement, the combined revenue from operations for the reviewed quarter was ₹3,795.6 crore as opposed to ₹3,760.21 crore in the same quarter last year.

Aurobindo Pharma: On Thursday, the pharmaceutical business said that its consolidated net profit for the quarter ended June 30 was down 32.4% to ₹520.5 crore from ₹770 crore in the first quarter of the previous fiscal. In the quarter under consideration, operating revenue increased from ₹5,702 crore to ₹6,236 crore, a 9.4% increase.

Trent: On Thursday, the retail division of the Tata Group, Trent Ltd, announced a combined net profit for the first three months of the current fiscal year of ₹114.93 crore. According to a BSE filing by Trent, the business incurred a net loss of ₹138.29 crore during the April-June quarter the previous year. Its operating revenue for the reviewed quarter was ₹1,803.15 crore, more than tripling that of the pandemic-affected period a year prior.

Glenmark Pharma: Glenmark Pharmaceuticals’ consolidated revenue for the first quarter of fiscal year 2022–23 was ₹27,773 million as opposed to ₹29,649 million, a 6.3% decline. The base business exhibits year-over-year increase of 10.4% in the current fiscal when the global sales of Covid-related goods in the first quarter of FY 2021–22 are excluded.

Bata India: For the first quarter of FY23, Bata India’s consolidated net profit increased by 71.82% to ₹119.37 crore. According to a BSE statement by Bata India Ltd, the business reported a net profit of ₹69.47 crore during the April-June quarter last year. Its operating revenue for the reviewed quarter was ₹943.01 crore, more than tripling from ₹267.04 crore in the previous quarter of FY22 that was affected by the pandemic.

Newgen Software Technology: Through open market transactions on Thursday, two organisations, PGIM India Mutual Fund and Abu Dhabi Investment Authority, sold shares of Newgen Software Technology Ltd. valued ₹45 crore. According to bulk deal data made available by the National Stock Exchange, PGIM India Mutual Fund (PGIM MF) and Abu Dhabi Investment Authority (ADIA) sold a total of 12.20 lakh shares of the software company (NSE). At an average price of ₹370 per share, the shares were sold, making the transaction worth ₹45.17 crore.

Bharti Airtel: The company Bharti Airtel on Thursday launched Wynk Studio, a website platform that will assist Indian and foreign musicians in launching and generating revenue from music on many platforms, was launched. The Wynk music platform will be expanded and monetized through this endeavour by Airtel, the second-largest telecom service provider in India. Airtel has been concentrating on earning income from its digital properties, including Airtel Xstream, Airtel Ads, and Airtel IQ among others.

Greaves Cotton: On Thursday, the diversified engineering firm Greaves Cotton announced a combined Profit After Tax (PAT) for the fiscal year 23 (FY23) quarter of ₹15.94 crore. According to a regulatory filing, the company reported a loss of ₹22.48 crore during the same period of the prior year. According to the filing, its consolidated net sales increased more than twofold to ₹660.19 crore in the reporting period from ₹228.97 crore in Q1FY22.

Puravankara: Real estate company Puravankara Ltd. reported a 78% drop in its consolidated net profit for the three months ending in June 2022, coming in at ₹34.44 crore, primarily as a result of one-time profits in the prior quarter. Its profit stood at ₹154.15 crore in Q1 FY22. Additionally, total revenue decreased to 297.35 crore in the first quarter of this fiscal year from 542.12 crore in the same time of last year.

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