Top 5 stocks in focus on July 18: Rallis India, Tata Sponge to HDFC Bank, here are the 5 newsmakers of the day

Indian benchmark indices S&P BSE Sensex, Nifty 50 and BankNifty closed in green on Tuesday. The gains were led by banking and oil marketing company stocks. But there were certain stocks that came in news and can have an impact on the market Wednesday, .i.e. on July 18, 2018.  

Top 5 stocks in focus on July 18: Rallis India, Tata Sponge to HDFC Bank, here are the 5 newsmakers of the day
Indian benchmark indices S&P BSE Sensex, Nifty 50 and BankNifty closed in green on Tuesday. Image source: Pixabay
By ZeeBiz WebTeam
Updated: Wed, Jul 18, 2018
10:54 am
ZeeBiz WebDesk
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Indian benchmark indices S&P BSE Sensex, Nifty 50 and BankNifty closed in green on Tuesday. The gains were led by banking and oil marketing company stocks. But there were certain stocks that came in news and can have an impact on the market Wednesday, .i.e. on July 18, 2018. Find the top five newsmakers of the day:

Rallis India Limited: A Tata Enterprise and a leading player in the Indian crop protection industry announced its financial results for the quarter ended June 30, 2018. Its consolidated revenues came at Rs 573 crores, which was a growth of 30 per cent over previous year sales net of excise. Its consolidated net profit stood at Rs 54 crore, which means an increase of about 20 per cent. 

Tata Sponge Iron Ltd: The company announced its financial results for the quarter ended on June 30, 2018, and reported a 49 per cent rise in its consolidated net profit of Rs 45.56 crore. It posted a net profit of Rs 30.57 crore in the corresponding quarter of the previous fiscal. Its total income also rose to Rs 272.84 crore in the quarter from Rs 201.76 crore in the year-ago period.

Syntex Industries Ltd: The company has reported its financial results for the quarter that ended on June 30, 2018, and has reported net sales of Rs 978.30 crores as compared to Rs 720.02 crores of the same quarter of the last fiscal. It posted a net profit of Rs 39.12 crores in the quarter as against Rs 35.07 crores for the same period of the last fiscal. 

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UltraTech Cement: The cement major will report its quarterly numbers during the day. Estimates suggest that the company can report a net profit in the range of Rs 585 to Rs 691 crores. 

HDFC Bank: The bank has allocated 3.9 crore shares to its parent company HDFC Ltd at Rs 2174.09 per share. This means that it has raised Rs 8,5000 crore by issuing the shares on preferential basis to its parent HDFC Ltd.