The S&P BSE Sensex is trading at 32368 up 42 points, while Nifty is trading at 10077 up by 11 points. A total of 59 stocks registered a fresh 52-week high in trade today, while 29 stocks touched a new 52-week low on the NSE. The BSE Mid-cap Index is trading up 0.87% at 15572, whereas BSE Small-cap Index is trading up 0.86% at 16063. Some buying activity is seen in Capital Goods, Metal, Pharma, Auto, while IT sector is showing weakness on BSE. Adani Ports, Tata Steel, ICICI Bank, Eicher Motors and GAIL are among the gainers, whereas TCS, Asian Paints, Infosys, Bosch and HCL Technologies are losing sheen on NSE.
Best Shares To Buy Sell Today : 7th August Monday
By keeping an eye on every movement of shares, your investment can be safely done. Here we are talking about such stocks which will remain in the news today and on whom the market will look.
IOC / Adani Enterprises – In the Adani’s Mundra LNG project, IOC will purchase 50 per cent of the shares. For the IOC 750 crore, Mundra will buy a stake in the LNG project. Mundra is a joint venture of LNG Project, Adani Group and Gujarat State Petro.
Apollo Tires – In the first quarter of fiscal year 2018, profits of Apollo Tires have fallen 72 percent to 88.3 million rupees. In the first quarter of the financial year 2017, Apollo Tires had a profit of Rs 315.5 crore.In the first quarter of fiscal year 2018, the income of Apollo Tires decreased 0.8 percent to Rs 3,537.4 crore. In the first quarter of the financial year 2017, the income of Apollo Tires was Rs. 3564.5 crores. On the annual basis, Apollo Tires’ EBITDA has decreased from Rs 539 crore in the first quarter to Rs 273.3 crore. On the basis of the first quarter, Apollo Tires’ EBITDA margin decreased from 16.3 per cent to 8.3 per cent.
Jubilant Life – One drug from Jubilant Life has been approved by the US FDA. So far, five pharmaceutical companies have got US FDA approval in the financial year 2018.
Prakash Industries – Board meeting is scheduled to be held on August 24 of Prakash Industries. This board meeting will discuss the demerger of PVC Pipe Division. Along with this, Prakash Industries’s FCCB plans to raise $ 1.78 million. The board meeting will consider raising Rs 500 crore via QIP.
Indian Hotels – In the first quarter of the fiscal year 2018, the loss of Indian Hotels has decreased from Rs 166.6 crore to Rs 29.7 crore. In the first quarter, Indian Hotels’ income has decreased from Rs 946.6 crore to Rs 907.3 crore.