17,000 new credit cards issued by ICICI linked to wrong users

Tata Motors on Sunday said its total domestic sales increased by 92 per cent to 51,981 units in July as compared to the same month last year. The company had sold 27,024 units in July 2020.

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 118 points at the opening bell. Overseas, Asian stocks traded mixed on Monday, as data showed Chinese manufacturing activity growth slowed in July. The Caixin/Markit manufacturing Purchasing Managers’ Index for July released Monday came in at 50. The Caixin manufacturing PMI figure had come in at 51.3 in June. Here is the list of top stocks that could be in focus on August 2.

Maruti Suzuki: The country’s largest carmaker Maruti Suzuki India (MSI) reported a 50% rise in sales at 1,62,462 units in July. Maruti Suzuki had sold 1,08,064 units in July last year.

Tata Motors: Tata Motors said its total domestic sales increased by 92% to 51,981 units in July as compared to the same month last year. The company had sold 27,024 units in July 2020.

IDFC First Bank: The lender on Saturday reported a net loss of Rs 630 crore in the April-June quarter due to provisioning measures for cushioning the impact of the second wave of the Covid-19 pandemic. It had posted a profit of Rs 93.55 crore in the same quarter last year.

Relaxo Footwears: The company on Saturday posted a 27.83% growth in net profit to Rs 30.96 crore for the quarter ended in June 30. It had posted a net profit of Rs 24.22 crore in the same quarter last year.

Results today: Balaji Amines, Castrol, CG Power, Emami, HDFC, Punjab National Bank, RBL Bank and Renuka Sugars are slated to announce their financial results on August 2.

Finolex: Finolex Industries has reported a nearly three-fold jump in June quarter consolidated net profit at Rs 145.52 crore. The Pune-based company had posted a profit of Rs 56.72 crore for April-June 2020-21.

Macrotech: Real estate firm Macrotech Developers has reduced net debt by 23% during the first quarter of this fiscal year to Rs 12,435 crore and targets to bring down its borrowings to below Rs 10,000 crore.

NTPC: NTPC reported 18% rise in consolidated net profit to Rs 3,411.56 crore on a 14.1% increase in revenue from operations to Rs 29,888.02 crore in Q1 FY22 over Q1 FY21.

Britannia Industries: The FMCG major posted a 7% rise in consolidated net profit to Rs 389.55 crore on a 10.3% rise in net sales to Rs 3,352 crore in Q1 FY22 over Q4 FY21.

Hero MotoCorp: The two-wheeler major sold 454,398 units of two-wheelers in July 2021 from 5,20,104 units in July 2020.

UPL: The company posted a 23% rise in consolidated net profit to Rs 678 crore on a 9% rise in revenue to Rs 8,515 crore in Q1 FY22 over Q1 FY21.

PI Industries: The company’s consolidated net profit rose 28.7% to Rs 187.20 crore on a 12.6% increase in net sales to Rs 1,193.80 crore in Q1 June 2021 (Q1 FY22) over Q1 June 2020 (Q1 FY21).

Bandhan Bank: Bandhan Bank’s standalone net profit dropped 32.1% to Rs 373.08 crore on a 15.8% rise in total income to Rs 3,943.37 crore in Q1 June 2021 over Q1 June 2020.

Nazara: Nazara Technologies’ consolidated net profit stood at Rs 13.50 crore in Q1 June 2021 (Q1 FY22) as compared to a net loss of Rs 21.70 crore in Q1 June 2020 (Q1 FY21). Consolidated net sales soared 45% to Rs 131.20 crore in Q1 FY22 from Rs 90.50 crore in Q1 FY21.

BHEL: On a consolidated basis, BHEL reported a net loss of Rs 447.48 crore in Q1 FY22, lower than net loss of Rs 892.83 crore registered in Q1 FY21. Total revenue from operations jumped 45.7% to Rs 2,901.32 crore in Q1 FY22 from Rs 1,990.90 crore posted in Q1 FY21.