New Delhi: Indian indices closed higher on Wednesday in anticipation of a US Federal Reserve rate cut. However, those hopes were dashed by US Fed chair Jerome Powell who kept the rate unchanged while indicating a potential rate cut after September. The decision may bring down investor sentiment indicating a not so positive start for Indian indices. Here are stocks that are likely to be in focus on Thursday:
Zydus Lifesciences: The pharma giant received the Mexican regulatory body’s nod for marketing Mamitra, a biosimilar drug for Trastuzumab used in the treatment of multiple cancer types.
Adani Group: Adani Group is eyeing an investment in Vietnam’s airports. The company already secured permission to operate a seaport in the country.
Deepak Fertiliser: The company’s share price will be in focus after falling 7 per cent 0n Wednesday, following a lower-than-expected Q1 revenue, down 22 per cent on-year basis.
Bank of Baroda: The state-owned lender reported a 9.5 per cent rise in Q1 net profit to Rs 4,458.2 crore on-year basis.
Adani Power: The power distribution company reported a 55,3 per cent decline in net profit to Rs 3,912.8 crore, while revenues were up 35.9 per cent to Rs 14,955.6 crore.
IDBI Bank: The Reserve Bank of India has reportedly given its nod for a fit and proper certification for a stake sale in IDBI Bank.
RITES: The railway PSU reported a decline in Q1 net profit to Rs 90.4 crore from Rs 119.6 crore in the year-ago period, while its EBITDA declined by 35.4 per cent.
Real estate stocks: Shares of real estate giants are likely to be in focus as the government is reportedly considering a revision of its decision to remove indexation benefits on real estate transactions.
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Stocks in News Today: From Adani Power to RITES, here are stocks that are likely to remain in focus today on August 1, 2024. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
