New Delhi: Indian indices closed in red on Friday, July 5, 2024, after rallying throughout the week of July 1, 2024. Wall Street indices closed in green on Friday, July 5, 2024, with the Nasdaq closing at a new record high. Here are stocks that are likely to remain in focus today on July 8, 2024:
Adani Wilmar: Adani Group entity Adani Wilmar reported a 13 per cent volume growth on a year-on-year basis with branded exports rising 36 per cent during the same period.
BPCL: Oil minister Hardeep S Puri said the state-owned oil marketing company was not up for sale stating that the company’s profits outclassed the tentative sale price for the entity.
Nykaa: The online beauty and fashion retailer shared 22-23 per cent revenue growth for the first quarter of FY24. The company also projected around 25 gross merchandise value targets for the same period.
PC Jeweller: Jewellery chain operator P C Jewellers settled with Punjab National in respect of outstanding dues after the country’s second-largest private lender accepted its one-time settlement proposal which includes payment in the form of cash and equity. PNB will restore P C Jewellers’ securities and mortgaged properties as part of the settlement.
Reliance Industries: The Mukesh ambani-led oil-to-telecom conglomerate reported a surge in cash reserves to Rs 2.1 lakh crore in the period ending March 2024, up Rs 16,000 crore from the December quarter of FY24, the highest cash reserves for any corporate entity in India.
Signature Global: The realtor’s share price is likely to be in focus after the company reported that it had made a new record of a 255 per cent jump in pre-sales and collections during the first quarter of FY25 to Rs 3,120 crore, equalling more than 30 per cent of its full-year pre-sales guidance of Rs 10,000 crore.
Tata Motors: Tata Group-owned Jaguar Land Rover reported a 5 per cent jump in first-quarter sales to 97,775 units excluding sales in China, from 111,180 units in the year-ago period.
Titan: The jewellery and wearables stock company reported an 8 per cent rise in domestic operations with overall 9 per cent y-o-y growth. However, consumer demand took a hit on account of high gold prices and low wedding demand.
Union Bank of India: The state-owned lender reported a rise in total deposits by 0.22 per cent to Rs 12.24 lakh crore on a quarterly basis. Domestic CASA deposits were down 2.59 per cent on a quarterly basis to Rs 3.99 lakh crore.
Stocks in News Today: From Adani Wilmar to Union Bank of India, here are stocks that are likely to remain in focus today. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
