Stocks to watch: Bharti Airtel, SBI, Adani Green, Subros, Titan, Adani Enterprises, Tata Consumer
Adani Enterprises reported a profit of Rs 265.60 crore for the quarter ended on June 30, 2021 on the back of higher revenue from operations.
Adani Green, Apollo Tyres, Butterfly Gandhimathi, Gabriel, Greenply, Lyka Labs, PNB Housing, State Bank of India (SBI), Subros and Titan are slated to announce their June quarter results on August 4. Here is the list of other top stocks that could be in focus on Wednesday.
Bharti Airtel: The telecom major on Tuesday reported a consolidated net profit of Rs 284 crore for the June quarter against a loss of Rs 15,933 crore a year ago.
Tata Consumer: Tata Consumer Products reported a fall of 42.05% in consolidated net profit to Rs 200.24 crore for the first quarter ended June 2021, on account of one-time exceptional gains in the previous year.
Adani Enterprises: The company reported a consolidated profit of Rs 265.60 crore for the quarter ended on June 30, 2021 on the back of higher revenue from operations. It had posted a consolidated loss of Rs 65.67 crore in the year-ago period.
SCI: State-owned Shipping Corporation of India reported a 112.52% decline in consolidated net profit to Rs 158.51 crore for the first quarter of the current fiscal.
Barbeque Nation: The company reported a consolidated net loss of Rs 43.85 crore for the first quarter ended June 30. It had posted a Rs 60.45 crore loss in the corresponding period a year ago.
Tata Steel: Tata Steel said that rating agency S&P has upgraded the company’s long-term rating to BB from BB-; outlook remains stable. S&P expects Tata Steel’s debt levels to decline materially over the next two years on the company’s commitment to deleverage, supported by strong operating cash flows.
Dr Reddy’s Laboratories: Dr Reddy’s Laboratories, along with its subsidiaries announced the re-launch of over-the-counter (OTC) Naproxen Sodium Tablets USP, 220 mg, the store-brand equivalent of Aleve, in the U.S. market, as approved by the U.S. Food and Drug Administration (USFDA).
Natco Pharma: The company announced that it has transferred the Lenalidomide Capsules ANDA to Arrow International as per an earlier agreement between the parties.
G R Infraprojects: The company has received Letter of Acceptance (LoA) for ‘Construction of Elevated Structures (Viaduct & stations) from Gottigere to Swagath Road Cross of Bangalore Metro Rail Project, Phase- 2 worth Rs 364.87 crore.
Linde India: Linde India has signed a business transfer agreement with HPS Gases, Vadodara to acquire its entire packaged gases business along with certain distribution assets for an aggregate cash consideration of Rs 27.5 crore.