Experts at CapitalVia have come up with the prime stocks to watch in India for 25th July 2019. These stocks should be monitored closely and have great potential earnings. For the trading session on July 25, major support level of Nifty is expected at 11200 and 11150. While, major resistance level is expected at 11300 to 11350 crossing which there is an expectation of recovery in the market.
The state-owned gas firm has hired a newly-built LNG ship from Japan's Mitsui OSK Lines for ferrying gas from nations such as the US for three years beginning 2021 and plans to charter hire additional vessels.
Mahindra and Mahindra Financial Services:
The company has posted a decline of 66 per cent in its consolidated net profit to Rs 108.50 crore in the first quarter ended June 30, the company said on Tuesday.
The company reported 29.68 per cent rise in its consolidated net profit to Rs 123.45 crore for the first quarter ended June 30.
Zee Entertainment Enterprises:
The media firm reported a 62.56 per cent increase in consolidated net profit at Rs 529.76 crore for the first quarter ended June 2019, helped by growth in subscription revenue.
The insurer reported an increase of 11.8% in quarterly net profit, helped by strong growth in its annuity and protection business.
SBI Life Insurance:
The company reported a 5% rise in net profit for the quarter ended June 30, 2019. The private sector insurer’s net profit rose to ₹372 crore during the quarter, compared with ₹354 crore in the corresponding quarter of the previous year. The insurer’s shares closed at ₹776, up 1.7% on Tuesday.
The company posted a 15% increase in quarterly net profit, but a moderation in both urban and rural demand slowed the pace of sales growth to a sevenquarter low of 7%.
Larsen & Toubro:
Net profit jumped 20% in Q1 to ₹1,361 crore, impacted marginally as its electrical and automation business discontinued to be accounted for ahead of its sale to Schneider.
The lender informed stock exchanges that its representatives met with Rare Enterprises, the private equity company headed by Rakesh Jhunjhunwala and Rekha Jhunjhunwala on July 22.
Price hikes may fail to prevent Asian Paints reporting a tepid 1-3 per cent growth in profit when the company reports its June quarter results on Wednesday.