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Stocks to Track on Tuesday (July 15): Domestic equity benchmarks Nifty50 and Sensex fell on Monday, continuing to decline for the fourth session in a row, as earnings did little to aid sentiment while investors globally continued to be wary of the US-triggered trade war. Selling pressure in IT, financial and energy shares continued to weigh on the main indices, though some buying in consumer-focused pockets such as FMCG lent some support, saving the market from deeper cuts.
Both headline indices finished 0.3 per cent lower, having recovered nearly half of their intraday losses. The Sensex ended 247 points lower at 82,253.5 while the Nifty50 settled at 25,082.3, down 67.6 points from its previous close.
Investors await more financial earnings from India Inc for domestic cues as the results season gathers steam.
Here are a number of stocks set to be in focus during Tuesday's session on Dalal Street:
Corporate earnings
On Monday, HCLTech reported a largely weak set of results for the June quarter, with an 11 per cent sequential fall in its net profit and a 170-basis-point contraction in marginmargin.
However, the Noida-based IT firm did announce a dividend of Rs 12 per equity share.
Tata Technologies
The Tata group firm registered a mixed set of quarterly numbers, with a 3 per cent decline in revenue and a 220-basis-point contraction in margin.
Its profit fell about 10 per cent to Rs 170 crore, according to a regulatory filing.
Rallis India
The company staged a strong financial performance for the April-June period, with a 22.2 per cent rise in revenue and a 340-basis-point expansion in margin to 15.7 per cent.
Rallis India's PAT nearly doubled to Rs 95 crore from Rs 48 crore a year ago, according to a filing.
Authum Investment
The company clinched an operationally strong performance for the April-June period.
Its net profit fell 14 per cent to about Rs 943 crore while its margin expanded to 95.4 per cent from 88.6 per cent a year ago, according to a regulatory filing.
Tejas Networks
The company's quarterly numbers fell short of analysts' estimates.
Its revenue slumped 87 per cent to Rs 202 crore while net loss stood at Rs 193.8 crore, as against a net profit of Rs 77.5 crore a year ago.
More than 20 companies are scheduled to report their quarterly numbers on Tuesday.
Among them are HDFC Life, ICICI Lombard and ICICI Prudential.
Raymond Realty
The newly listed Raymond Realty stock is set to be moved from the T2T segment to the rolling segment.
Dividend watch
CAMS and M&M Financial Services shares are set to trade ex-dividend at the opening bell.
Sambhv Steel Tubes
The company has reported a nearly 50 per cent rise in its total sales volumes to 92,706 tonnes in Q1.
Deepak Fertilisers
The company has signed a Rs 1,200-crore long-term contract with Petronet LNG.
This is a five-year deal involving LNG regasification.
Sun Pharma
The drug maker has settled a litigation related to the drug 'LEQSELVI' with Incyte Corporation.
Sun Pharma will be paying an upfront amount and royalties until the expiry of the patent.
The drug is used in treating severe alopecia areata (autoimmune hair loss).
RVNL and RailTel
RVNL has secured a construction order to the tune of Rs 447 crore from DMRC.
RailTel has bagged a Rs 264-crore order from East Central Railway, part of the Indian Railways.
Oberoi Realty
The committee of creditors has approved a consortium’s resolution plan for Hotel Horizon.
The consortium includes Oberoi Realty.
Under the arrangement, the creditors are set to receive a payout of Rs 919 crore.
Life Insurance Corporation (LIC)
R Doraiswamy has taken charge as CEO and MD of LIC for three years.
Inox Wind
The company's board is set to meet on July 17 to consider raising funds.
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