According to the SGX Nifty, the wider Indian equities markets are expected to begin in the red today. Despite a solid US employment data, major US stock markets were down on Friday on the expectation that the Federal Reserve would keep its tough monetary policy in place to battle inflation. Stocks in the newsBharti Airtel, Adani Ports & SEZ, Power Grid Corporation of India, Delhivery, Indian Hotels Company, UNO Minda, Vedant Fashions, Torrent Power, Whirlpool, and National Alum. reported strong earnings and revenue growth, defying expectations of a slowdown in economic activity. US wages jumped, adding to inflation concerns and likely pushing the Fed to raise rates aggressively again next month. Two other stocks Balrampur Chini and Delta Corp have been added to the list on Monday.Tata Motors: Tata Motors on Sunday said its subsidiary Tata Passenger Electric Mobility Ltd (TPEML) has signed a Unit Transfer Agreement (UTA) for the acquisition of Ford Indiaâs manufacturing plant at Sanand in Gujarat for â¹725.7 crore.BPCL: Bharat Petroleum Corporation Ltd (BPCL) reported a net loss of Rs 6,291 crore in the first quarter of the current fiscal on holding fuel prices despite a rise in cost.One97 Communications: Digital financial services firm One97 Communications, which operates under the Paytm brand, said its consolidated loss widened to Rs 644.4 crore in the first quarter ended June 30 from a net loss of 380.2 crore a year ago.Marico: FMCG firm Marico reported a 3.28% increase in its consolidated net profit to Rs 377 crore for the first quarter ended June.State Bank of India: The country’s largest lender reported a 6.70 per cent drop in its standalone profit after tax at Rs 6,068 crore for the quarter ended June on account of mark-to-market (MTM) losses. Bank of Baroda: The standalone profit after tax (PAT) for the April-June quarter of fiscal 2022 was Rs 6,504 crore. Mahindra & Mahindra: The consolidated profit after tax for the first quarter ended June was Rs 2,361 crore, driven by strong performance in its automotive and farm sector segments. FSN E-commerce: The omnichannel, which operates under the Nykaa brand, said its consolidated net profit rose nearly 42 per cent to Rs 5 cr. In the same time period a year ago, the company reported a net profit of Rs 3.52 crore.Crompton Greaves Consumer Electricals: The promoter entity Macritchie Investments sold 2,02,50,000 shares, or 3.2 per cent of the firm, in an open market transaction for Rs 750.74 crore, at an average price of Rs 370.74 per share, according to bulk deal data. Consolidated net profit for the firm was Rs 158.51 crore in the prior-year quarter.
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