Stocks to Watch Today, July 7: Indian markets are likely to track key corporate developments as investors react to earnings updates, business growth trends, fund-raising plans, rating actions and strategic announcements.
Companies in focus include Titan Company, Trent, Jubilant FoodWorks, Bank of Maharashtra, Cochin Shipyard, Power Grid Corporation of India, Sterlite Technologies, JSW Steel and Glenmark Pharmaceuticals after reporting operational updates, stake sale plans, financing moves and expansion initiatives.
Here’s the list of stocks to watch in today’s trading session:
Strong Growth Across Segments
Domestic business grew 37 per cent, international business surged 128 per cent, and consumer business increased 41 per cent.
Trent
Revenue Growth Continues
Standalone revenue rose 19 per cent to Rs 5,666 crore from Rs 4,781 crore. Added 1 Westside store and 19 Zudio stores.
Consolidated revenue increased 14.1 per cent to Rs 2,569.3 crore, while standalone revenue grew 9.2 per cent to Rs 1,848.5 crore.
Recorded 27 per cent year-on-year growth in total credit to Rs 3.06 lakh crore in the June quarter.
Government to sell up to 5 per cent stake through an offer for sale at a floor price of Rs 1,400 per share.
Secured a loan of 80 billion yen from the Japan Bank for International Cooperation.
Raised Rs 1,500 crore through a qualified institutional placement to de-leverage debt and support growth.
Secured Rs 235.92-crore order to deploy 10,000 solar-powered water pumping systems across Maharashtra.
Fitch Ratings upgraded JSW Steel’s Long-Term Issuer Default Rating.
Appointed Kunjal Mehta as the Chief Financial Officer of the company.
Prestige Estates Projects
Acquired 50 per cent stake in Advent Convention and Hotels International Ltd for Rs 504 crore.
Partnered with Rosmerta Recycling for scrapping old commercial vehicles in India.
Launched a generic version of Olanzapine injection for the treatment of schizophrenia and bipolar disorder in the US.
(Disclaimer: The above article is meant for informational purposes only and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
