Intraday Stock Tips for Today (31st July) – Expert Prediction

Benchmark indices were trading higher on Monday amid rate cut optimism. Markets expect the RBI to cut interest rates on falling inflation in the coming RBI policy meet, which will start tomorrow. Markets will also keep an eye at corporate earnings for the day. 92 companies on the BSE will declare their Q1 results later today including Balrampur Chini, Bharat Electronics, Interglobe Aviation, Jaypee Infratech, Jaiprakash Ventures, Reliance Power and Siemens among others. Asian Markets also rebounded after solid Chinese data on Monday following a lacklustre start, while the dollar edged up but remained capped by US political uncertainty. The BSE Sensex is trading at 32419 up 109 points, while NSE Nifty is trading at 10038 up 23 points.

Intraday Stock Tips for Today (31st July) – Expert Prediction

OBC / Allahabad Bank / Syndicate Bank / Bank of Maharashtra
CAG has questioned the profits of government banks In its report presented in Parliament, the CAG has said that public sector banks have shown their profits more. CAG has questioned the bank’s net profit figures. According to the report of CAG, net profit was shown more than the total of 12 public sector banks.
Bank of Maharashtra remained the top in this case. Apart from this, Oriental Bank of Commerce, Allahabad Bank and Syndicate Bank are also included. Provisioning was not done as compared to the NPAs in these 12 government banks. Due to decreasing provisioning, net profits were more visible.

IL&fs Transport
IL & FS Transport has got the Zozila Tunnel Project of Rs 4849 crore from the government. Zozila Tunnel will link Srinagar-Leh to Ladakh Reliance Infra, L & T, JP Ventures also had bids to achieve this project.

Lupin
Pithampur Unit-1 of Lupin’s Madhya Pradesh got a clean chit from US FDA.

Claris Life
Prior to Baxter Deal, the US FDA has made a surprise inspection of the Injectable Manufacturing Unit of Claris Life.

Indian Hume Pipe
Indian Hume Pipe has received an Order of Rs. 163 crores from Raipur municipal corporation. Indian Hume pipe received an order to increase the supply of water under the nectar mission. This project is expected to be completed in 2.5 years.