The Sensex closed 465 points higher at 58,853 and the Nifty went up 127 points to 17,525 on Monday amid mixed global cues. 19 of 30 Sensex stocks ended up in the green. M&M, HDFC Bank and Bajaj Finserv were the top Sensex gainers, rising to 3.13 per cent. SBI, UltraTech Cements, Nestle India and Wipro Bank were among the top Sensex losers, falling up to 1.95 per cent.
Here's a look at stocks that are likely to remain in news today.
Natco Pharma reported a multifold rise in net profit to Rs 320.4 crore for the first quarter ended June 30, due to higher revenue from the pharmaceutical vertical.
The telco had reported a profit of 283.50 crore in the year-ago period.
Tech Mahindra: Tech Mahindra acquired all its stakes in its two South African joint ventures - Tech Mahindra South Pty Limited and Tech Mahindra Holdco Pty Ltd -- for about 30 crore.
Power Grid Corporation of India: The power transmission player's consolidated net profit fell by 36 per cent to Rs 3,801. In the April-June quarter of FY 23 there were 19 crore. The consolidated net profit of the company was Rs 5,998. There were 28 crore in the quarter ended June 30.
Tata Chemicals reported an increase in net profit of Rs 637 crore in the quarter ending June, a gain of 86.25 per cent. The company's net profit was 342 crore in the corresponding quarter of the previous fiscal year.
MRF Ltd: The tyre maker reported a 25.35 percent decline in consolidated profit from continuing operations at Rs 123.6 crore in the first quarter of June, which was impacted by higher raw material costs. The company, which has had posted a consolidated profit for the period from operations of Rs 165.58 crore in the year-ago period, said it has approved raising of Rs 100 crore through the issuance of non- convertible debentures on a private placement basis.
JSW Steel said it had a 14 per cent year-on-year growth in crude steel output to 15.69 lakh tonne LT in July 2022. In July 2021, the company had produced 13.82 LT of crude steel.
The firm reported a 60.5 per cent rise in the consolidated profit at Rs 557.91 crore for the quarter ended June due to higher revenue from operations. The company had posted a consolidated profit of 347.48 crore in the year-ago period.
Adani Ports and Special Economic Zones: The firm reported a 16.1 per cent decline in the consolidated net profit at Rs 1,072 crore for the quarter ended June 30th, 2022. The multi-port operator, which is part of the billionaire Gautam Adani-led Adani group, had a net profit of 1,278 crore in the year-ago period.