Stock Market Updates: Weak start of the market, today’s top 5 shares on which investors will be eyeing
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At the start of the market, the Sensex was trading at 65,903.15, up 181.90 points, or 0.28 per cent. At the same time, the Nifty was trading with a gain of 53.40 points, or 0.27 percent, at 19,570.40.
Weakness is being seen in the domestic stock market amid weak mix from the global market. In today’s trade, both the Sensex and Nifty indices opened flat. At the start of the market, the Sensex was trading at 65,903.15, up 181.90 points, or 0.28 per cent. At the same time, Nifty was trading with a gain of 53.40 points i.e. 0.27 percent at 19,570.40. In today’s business, most of the indices including Bank, Financial, Auto, IT, Pharma on Nifty are trading in green mark and FMCG, Media are trading in red mark. The shares of M&M, DIVISLAB, SUNPHARMA, GRASIM, NTPC are in green color i.e. in growth, while the shares of BRITANNIA, AADIENT, NESTLEIND, ITC, TATACONSUM are seen in red color i.e. weak. Today i.e. 7th August 2023 some stocks are ready to show action in a volatile market. These stocks can remain in focus in the market today. If you are looking for better stocks in intraday then you can keep an eye on these.
Britannia Industries
Britannia Industries reported a profit of Rs 455.45 crore for its fiscal first quarter, up 35.7 per cent as compared to Rs 335.74 crore in the corresponding quarter of FY2013. The company reported an operational revenue of Rs 4,010.70 crore, a growth of 8.4 per cent as compared to Rs 3,700.96 crore during the same period last year.
Adani Power
Adani Power’s consolidated net profit rose 83.3 per cent to Rs 8,759.42 crore in the April-June quarter due to higher income. It had registered a net profit of Rs 4,779.86 crore in the April-June period of the last financial year 2022-23.
Bank of Baroda
Bank of Baroda, one of the leading banks of India, has released its results. Bank of Baroda’s net profit has increased by 88 percent year-on-year to Rs 4,070 crore in the first quarter of the current financial year. The bank said that good interest income had a special contribution in its better performance. BOB’s Net Interest Income (NII) has increased by 24.4 per cent to Rs 10,997 crore. Apart from this, non-interest income has increased by 2.8 times.
BHEL
Bharat Heavy Electricals reported a loss of Rs 343.89 crore in the fiscal first quarter, which was higher than Rs 187.99 crore during the same quarter last year. This debt of the company has increased mainly due to higher expenses.
Tata Motors
The auto major is looking to expand sales outlets in Tier II and Tier III cities to meet the growing demand for its electric model range. The company sold around 19,000 electric vehicle units in Q1, going forward it is also looking for a separate sales infrastructure for its electric vehicle portfolio.
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