The benchmark BSE Sensex recovered over 46 points in early volatile trade today as IT sector stocks surged after Infosys reported a 5 per cent growth in net profit for the first quarter of 2015-16.
Here are seven stocks that are likely to be in focus today:
Infosys: Infosys shares jump over 8 per cent at around 9.20 am on Tuesday after the company reported a 5 per cent increase in quarterly net profit.
At 9.43 am, Infosys shares were up 7.40 per cent at Rs 1076. On NSE, the shares were up 7.10 per cent at Rs 1072.30 during the same time.
HDFC Bank: Bank Ltd, India’s second-biggest private sector lender by assets, reported on Tuesday a 20.7 percent rise in quarterly profit, lagging estimates, as bad loans rose. At 12:00 pm, HDFC stocks were trading 0.17 per cent down on BSE. On NSE too HDFC Bank stocks were down 0.21 per cent.
Adani Ports: Taking a major step forward on the state’s ambitious Rs 7,500 crore Vizhinjam deep sea port project, Kerala government and Adani Ports decided to sign the construction agreement on August 17.
Ultratech Cements: Ultratech Cements on Monday reported about 6 per cent fall in consolidated net profit at Rs 591 crore for the first quarter ended June 30, 2015-16. The Aditya Birla Group firm had posted net profit of Rs 628 crore in the year-ago period.
Hindustan Unilever: Hindustan Unilever Q1 net roses 4.03 per cent to Rs 1,059.14 crore. Net sales are up 5.53 per cent at Rs 7,973.37 crore.
At 2:24 pm, HUL stocks traded down 1.51 per cent on BSE. On NSE, stocks traded down 2.25 per cent
Sun Pharma: Sun Pharmaceutical Industries shares fell 16 per cent on Tuesday, heading towards it biggest daily fall ever, after the company on Monday said it sees 2016 sales flat at best.
At 10.01 am, Sun Pharma’s shares were down 11.67% on BSE. ON NSE, the shares were down 11.50 per cent during the same time.
Bharti Airtel: Bharti Airtel shares rose 5 per cent to hit 52-week high on bourses on Tuesday after the company entered into an exclusive agreement with France-based telecom operator Orange to sell its four subsidiaries in Africa.
The stock gained 4.98 per cent to Rs 450.85 — its 52-week high at the BSE. On the NSE, shares of Bharti Airtel went up 4.99 per cent to touch a one-year high of Rs 450.90.