New Delhi: Indian indices closed at record highs on Thursday after the US Federal Reserve indicated a potential rate cut in September. The Sensex closed 126 points higher at an all-time high 81,867.55, while the Nifty was up 59.75 points to 25,010.90.
Here are companies whose shares are likely to remain in focus on Friday, August 2, 2024:
Adani Energy Solutions: The Adani Group company garnered funds from an array of investors including US-based family offices for its $1 billion fundraise via QIP. This lists includes the family offices of billionaire Stanley Druckenmiller and Duquesne Family Office, as well as Driehaus Capital Management and Jennison Associates, according to people with direct knowledge of the matter.
Adani Ports: The Adani Group company reported a 47 per cent jump in net profit to Rs 3,107 crore from Rs 2,119 crore a year ago.
Adani Wilmar: Adani Enterprises said it plans to demerge its food-FMCG business and strategic investments in Adani Commodities to Adani Wilmar, in a bid to unlock value for shareholders.
Dabur: The FMCG major reported an 8.27 per cent jump in net profit to Rs 494.35 crore in Q1 from Rs 456.61 crore in the year-ago period.
Infosys: The IT giant said the Karnataka government had withdrawn a Rs 32,403 crore GST demand including a ‘pre-show cause’ notice. However, the company has been directed to submit a response to the Directorate General of GST Intelligence.
ITC: The tobacco to FMCG conglomerate reported Q1 net profit of Rs 5,176.99 crore slightly lower than the year-ago earnings of Rs 5,189.61 crore. ITC’s revenues rose 7.45 per cent to Rs 20,029.60 crore during the period under consideration from Rs 18,639.48 crore a year ago.
JM Financial: Markets regulator SEBI imposed a Rs 2 crore penalty on 7 entities which include JM Financial Asset Management, apart form its trustee and former CEO Bhanu Katoch, for being in regulatory non-compliance.
Netweb Tech: A block deal worth Rs 447.9 crore is on the anvil, in which Sanjay, Navin and Vivek Lodha may offload nearly 20.54 lakh shares, CNBCTV18 reported.
Tata Motors: The company reported a Q1 net profit of Rs 5,566 crore, up 74 per cent on-year basis backed by a robust quarter for its Jaguar Land Rover segment.
Zomato: Food delivery app operator Zomato plans to launch a new app, named “District”, to house its going-out services. The company reported a jump in Q1 net profit to Rs 253 crore from Rs 2 crore in the year-ago period.
RailTel Corp: The company reported a net profit of ₹48.7 crore, up 25.2 per cent from Rs 38.9 crore a year ago. The company’s margin slipped to 18.5 per cent from 19.3 per cent a year ago.
Rattan Power India: The company reported a Q1 net profit of Rs 93 crore compared to Rs 549.4 crore net loss in the year ago period.
Stocks in News Today: From Tata Motors to RailTel, here are stocks that are likely to be in focus on Friday, August 2, 2024. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
