Stocks to Watch Today, August 7: Shares of LIC, Trent, Reliance Power, Fortis Healthcare, Britannia Industries, Apollo Tyres, Coal India, Dabur, Nazara Technologies, Afcons Infrastructure and others will be in focus on Friday, August 7, after reporting quarterly earnings or announcing key corporate developments.
While several companies posted strong June-quarter financial performance, others made strategic announcements, including order wins, fundraising plans, regulatory updates and project awards, which are likely to influence investor sentiment.
Here’s the list of stocks to watch in today’s trading session:
Stocks in focus |
Why in focus |
| LIC | Q1 Profit Jumps 23% |
| Trent | Profit and Revenue Rise in Q1 |
| Reliance Power | Q1 Net Profit Climbs 45% |
| Fortis Healthcare | Revenue Growth Lifts Q1 Earnings |
| Britannia Industries | Q1 Profit Rises 14% |
| Apollo Tyres | Multi-fold Jump in Q1 Profit |
| Coal India | Coal India |
| Dabur | Domestic Operations Unaffected by US FDA Action |
| Swan Defence and Heavy Industries | Bags Order from Denmark’s Svitzer |
| Alkem Laboratories | US FDA Classifies Amaliya Facility as OAI |
| Powerica | Wins 100 MW SECI Wind Project |
| CESC | Subsidiary Secures SECI LoA |
| Route Mobile | Launches Salesforce-Native Messaging App |
| Afcons Infrastructure | Wins Rs 1,918 Crore Mumbai Project |
| Nazara Technologies | To Raise Rs 733.5 Crore via Preferential Issue |
LIC
Q1 Profit Jumps 23 per cent
Trent
Profit, Revenue Rise
Trent posted a 26 per cent year-on-year increase in standalone net profit to Rs 532 crore in the June quarter. Standalone revenue rose 19 per cent, while consolidated revenue climbed 18 per cent year-on-year.
Earnings Improve
Reliance Power reported a 45 per cent year-on-year rise in consolidated net profit to Rs 64.71 crore for the June quarter. Total income increased to Rs 2,103.75 crore from Rs 2,025.31 crore a year ago.
Revenue Growth Continues
Fortis Healthcare posted a 2.3 per cent year-on-year increase in consolidated profit after tax to Rs 273 crore in the June quarter. Consolidated revenue rose 17.5 per cent to Rs 2,545 crore.
Double-Digit Profit Growth
Britannia Industries reported a 14.08 per cent year-on-year rise in consolidated net profit to Rs 593.38 crore for the June quarter. Revenue from product sales grew 9.47 per cent to Rs 4,964.37 crore.
Profit Sees Multi-fold Jump
Apollo Tyres posted a multi-fold increase in consolidated net profit to Rs 348.87 crore during the June quarter. Revenue from operations stood at Rs 7,397.79 crore.
Enters Iron Ore Mining
Coal India emerged as the preferred bidder for the Gadadharpur iron ore block in Odisha, marking the state-owned miner’s entry into the iron ore mining business.
Dabur
Domestic Operations Unaffected
Dabur said its domestic operations remain unaffected by the US FDA’s action. The company has also submitted a revised response to the US regulator addressing observations at its manufacturing facility.
Swan Defence and Heavy Industries
Bags Overseas Order
Swan Defence and Heavy Industries secured an order worth Rs 251-750 crore from Denmark-based Svitzer.
US FDA Flags Facility
Alkem Laboratories said the US FDA classified its Amaliya manufacturing facility as Official Action Indicated (OAI) following an inspection.
Powerica
Wins SECI Wind Project
Powerica received a Letter of Award (LoA) from the Solar Energy Corporation of India (SECI) for the development of a 100 MW wind power project.
Subsidiary Secures SECI LoA
CESC said one of its subsidiaries has received a Letter of Award from the Solar Energy Corporation of India (SECI).
Launches Salesforce App
Route Mobile launched a Salesforce-native messaging application on AgentExchange.
Bags Rs 1,918 Crore Project
Afcons Infrastructure received a LoA for a Rs 1,918 crore desalinated water tunnel project in Mumbai.
Approves Rs 733.5 Crore Fundraise
Nazara Technologies approved raising Rs 733.5 crore through a preferential issue of shares at Rs 306 apiece.
(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.)
