Axis Momentum Fund – Direct (G) : NFO Details
These stocks are likely to be in focus on July 19
Last Updated: 18th July 2022 - 05:16 pm
At market close on Monday, the core equity indices ended higher as global markets are seen recovering losses.
The Sensex ended at 54,521.15, up by 760.37 points or 1.41% and the Nifty 50 closed at 16,278.50, up by 229.30 points or 1.43%.
The top trending stocks on the BSE were Adani Enterprises, ICICI Bank, Infosys, SBI life Insurance Company, HDFC, Axis Bank, and Page Industries.
These stocks are likely to be in focus for Tuesday's trading session:
Bharat Electronics Limited: On Monday, shares of Bharat Electronics (BEL) increased 5% to Rs 258.20 on the BSE after the firm announced a profit after tax (PAT) of Rs 431.49 crore for the June quarter (Q1FY23), driven by greater sales and a lower base. In the first quarter of FY22, the state-owned aerospace and military corporation reported a PAT of Rs 11.15 crore. The company's order book was worth Rs 55,333 crore as of July 1, 2022. The shares of the company made a fresh 52-week high at Rs 260.75 and ended higher by 3.69% on the BSE.
Oberoi Realty Limited: The real estate developer's consolidated net profit surged to Rs 403.08 crore in Q1 FY23 from Rs 80.63 crore in Q1 FY22. Revenue from operations increased by 221.2% YoY to Rs 913.11 crore during the quarter. As compared with Q4 FY22, the company's net profit and revenue are higher by 73.5% and 10.9%, respectively. Profit before tax in Q1 FY23 stood at Rs 516.78 crore, which is significantly higher as compared with Rs 109.63 crore recorded in the same period last year. The shares of the company ended 0.87% higher on the BSE.
ICICI Prudential Life Insurance Company Limited: The private insurer reported a consolidated net profit of Rs 156 crore for the first quarter of FY23 as opposed to a loss of Rs 186 crore for the same period in FY22. This improvement was primarily attributable to much-reduced claims and provisions related to COVID-19. From Q1 FY22 to Q1 FY23, the net premium earned increased by 4.3%, to Rs 6,884 crore. In Q1 FY23, the company recorded a loss on investments of Rs 8,496 crore, compared to a gain of Rs 9,609 crore in Q1 FY22. From Rs 1215 crore in Q1 FY22 to Rs 1,411 crore in Q1 FY23, total expenses (including commission) grew by 16.1%. The shares of the company, ended 5.5% higher at Rs 522.90, on the BSE.
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