New Delhi: The Sensex on Thursday closed 109.08 points lower at 80,039.80, while the NSE Nifty was down 7.40 points to 24,406.10. Indian indices received some of the losses from previous days owing to buying in oil and gas stocks as well as a rise in Tata Motors’ stock price. Here are stocks that are likely to remain in focus on Friday, July 25, 2024:
Ashok Leyland: The heavy vehicle manufacturer reported a 6 per cent decline in Q1 net profit to Rs 509 crore owing to an impact from a deferred tax gain in the year-ago period after the company switched to a new tax regime.
AU Small Finance Bank: The lender’s board has agreed to a proposal to apply for a universal bank licence, said AU Small Finance Bank MD Sanjay Agarwal. The application will be submitted to the Reserve Bank of India (RBI) in August.
Adani Energy Solutions: The Adani Group company’s Q1 net loss stood at Rs 1,190.66 crore owing to exceptional losses from the divestment of an asset, compared to a net profit of Rs 181.98 crore.
Adani Green Energy: The Adani Group reported a 95 per cent jump in Q1 net profit to Rs 629 crore backed by stronger revenues.
Canara Bank: The PSU lender reported a 10 per cent jump in Q1 net profit to Rd 3,905 crore from Rs 3,535 crore in the year-ago period. The bank’s interest income rose to Rs 28,701 crore during the period under review.
DLF: The real estate giant reported a 23 per cent jump in net profit to Rs 645.61 crore in Q1FY25 from Rs 527 crore a year ago. The company reported Rs 6,404 crore property sales during the period under consideration.
ITC: The company’s hotel arm opened a 116-key Welcomhotel in Belagavi, Karnataka, taking its total property count in the state to 25.
SJVN: The power genco reported that it has received a 2,400 MW pumped storage project order worth more than Rs 13,947 crore from the Mizoram government. The order has been given a on a nomination basis.
Tech Mahindra: The IT giant reported a 23 per cent year-on-year rise in Q1 consolidated net profit to Rs 851 crore. The company’s revenues were down 1.2 per cent to Rs 13,005 crore in Q1FY25.
Texmaco Rail and Engineering: The company acquired Jindal Rail Infra for Rs 615 crore as part of its strategy to expand its rolling stock business.
Vedanta: The commodities giant’s rating was upgraded by S&P Global Ratings to B from CCC+ on account of an improvement in capital structure.
Westlife Foodworld: The McDonald’s franchise operator in West and South India reported an 88.72 per cent year-on-year drop in Q1 net profit to Rs 3.25 crore citing muted in-store business and rising royalty costs.
(Disclaimer: This article is only meant to provide information. News9live.com does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Stocks in News Today: From Vedanta to to SJVN, here are stocks that are likely to remain in focus on Friday, July 26, 2024. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
