The domestic markets witnessed a continued decline for the second consecutive day on Tuesday, with the Sensex plunging nearly 700 points. In today’s trading session, several stocks, including Hero MotoCorp, Hindalco, Apollo Hospitals, Vedanta, and Ola Electric, are set to be in the spotlight due to various news developments and the release of first-quarter results.
- HAL, Ola Electric, Mazagon Dock Shipbuilders, Bandhan Bank: These companies will be under scrutiny as they are scheduled to announce their first-quarter financial results today.
- Apollo Hospitals: The leading healthcare provider reported an impressive 83% increase in its consolidated net profit, reaching Rs 305 crore for the first quarter ending June 2024.
- Hero MotoCorp: The company reported a standalone net profit of Rs 1,123 crore for the quarter ending June 2024, reflecting a 36% year-on-year growth.
- IRCTC: The Indian Railway Catering and Tourism Corporation (IRCTC) recorded a 33% increase in its consolidated net profit, totaling Rs 308 crore for the first quarter of 2024.
- Vodafone Idea: Vodafone Idea (VIL) has noted an uptick in subscribers switching to BSNL following recent tariff hikes. The company is closely monitoring the situation.
- Hindustan Zinc: Vedanta Ltd, a major player in metals and mining, announced that its committee of directors has approved the sale of up to 11 crore shares (2.6% equity) in Hindustan Zinc through an offer for sale (OFS).
- Nykaa (FSN E-Commerce Ventures): The company, which operates the Nykaa brand, posted a consolidated net profit of Rs 13.64 crore for the quarter ending June 2024, marking a significant 152% year-on-year increase.
- SJVN: SJVN’s Board has approved the monetization of future revenue/return on equity from the Nathpa Jhakri Hydro Power Station (NJHPS) and the dilution of its stake in SJVN Green Energy.
- Muthoot Finance: Muthoot Finance reported a net profit of Rs 1,079 crore for the first quarter, with revenue from operations amounting to Rs 2,353 crore.
