New Delhi:
SBI
State Bank of India (SBI) on August 3, 2024 declared its Q1 Results of 2024-25. The country’s largest public sector bank reported an almost flat standalone net profit at Rs 17,035 crore as compared to Rs 16,884 crore in the April-June quarter of 2023-24. The bank’s total income jumped to Rs 1,22,688 crore in the June quarter as against Rs 1,08,039 crore in the first quarter of the previous financial year..
Hindustan Zinc
The share price of Hindustan Zinc Ltd (HZL) is expected to remain in focus today after the Vedanta group firm declared its Q1 2024-25 Results and reported 19.3 per cent rise in consolidated net profit at Rs 2,345 crore due to higher EBITDA. The company’s net profit stood at Rs 1,964 crore in the last quarter of 2023-24. In its regulatory filing, the company informed that its income increased to Rs 8,398 crore from Rs 7,564 crore in the year-ago period.
GSK Pharma
GlaxoSmithKline Pharmaceuticals declared its first quarter results of 2024-25. The company reported a 37.87 per cent rise in consolidated net profit at Rs 182.33 crore as compared to Rs 132.25 crore in the same quarter last fiscal. In its regulatory filing, the consolidated revenue from operations stood at Rs 814.65 crore, while total expenses came down to Rs 600.89 crore as compared to Rs 634.42 crore in the June quarter of the previous financial year.
Zomato
Zomato share price will be in focus after the stock surged over 12 per cent on August 2, 2024. The jump was a result of the company’s superb Q1 2024-25 Results as it reported a multi-fold jump in consolidated net profit to Rs 253 crore for the June quarter on August 1.
The stock of Zomato jumped 12.24 per cent to close at Rs 262.74 apiece on the National Stock Exchange (NSE). On the BSE, it gained 12.11 per cent to end at Rs 262.45 per piece.
Tata Motors
Tata Motors share price is expected to remain in news today as the auto stock dropped over 4 per cent on August 2 after the company declared an 11 per cent on-year fall in total sales in July. Tata Motors share price dropped 4.32 per cent to end at Rs 1,095 apiece on the National Stock Exchange (NSE). On the BSE, it closed at Rs 1,096.90 per piece.
Adani Wilmar
The share price of Adani Wilmar surged 10 per cent, hitting the upper circuit on April 2. The stock of the group’s flagship firm Adani Enterprises is expected to remain in focus today after it announced to demerge its food-FMCG business and its investments in Adani Commodities LLP to edible oil major.
Adani Wilmar’s scrip surged 9.99 per cent each to settle at Rs 383.15 and Rs 383 apiece — its upper circuit limit — on the National Stock Exchange (NSE) and BSE, respectively.
The company’s market valuation stood at Rs 49,777.69 crore, up by Rs 4,522.89 crore on the BSE.
On the volume front, 2.69 crore equity shares were traded on the NSE while 13.18 lakh shares exchanged hands on the BSE during the day.
The BSE Sensex plunged 885.60 points to settle at 80,981.95 while the Nifty of NSE slipped 293.20 points to close at 24,717.70.
Stocks to watch today: The share price of SBI, Zomato, Hindustan Zinc, Adani Wilmar, Tata Motors, GlaxoSmithKline Pharmaceuticals and others are expected to remain in news on August 5, 2024, i.e Monday. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
