Stocks to watch today, August 11: Indian equities are likely to remain focused on company-specific developments, with quarterly results and corporate announcements driving stock moves.
Vodafone Idea, PC Jeweller, Gland Pharma and Lloyds Metals are among companies reporting key earnings updates. KEC International and Bosch also posted quarterly results.
Here’s the list of stocks to watch in today’s trading session:
Stocks in focus |
Why in focus |
| Vodafone Idea | Loss Narrows |
| PC Jeweller | Profit Jumps |
| Gland Pharma | Profit Surges |
| Lloyds Metals and Energy | Profit Falls |
| Bosch | Profit Declines |
| Brookfield India REIT | Office Space Acquisition in Mumbai |
| ITC | Rural Development |
| Jupiter Wagons | Rs 400 Crore Orders |
| BSE, Wipro | Nifty 50 Entry |
| Lupin | USFDA Approval |
| JSW Steel | Steel Output Rises |
| Bharat Electronics | Rs 541 Crore Orders |
Loss Narrows
Vodafone Idea’s loss narrowed to Rs 3,754 crore from Rs 6,608 crore, while revenue grew 6 per cent to Rs 11,689 crore from Rs 11,023 crore.
Profit Jumps
PC Jeweller’s profit jumped 37.2 per cent to Rs 222.2 crore from Rs 161.9 crore, while revenue increased 21 per cent to Rs 877 crore.
Profit Surges
Gland Pharma’s profit surged 47.1 per cent to Rs 317 crore from Rs 215.5 crore. Revenue grew 19.6 per cent to Rs 1,800.3 crore.
Profit Soars
Lloyds Metals and Energy’s profit surged 165 per cent to Rs 1,726.6 crore from Rs 651.9 crore. Revenue jumped 209 per cent to Rs 7,354.4 crore.
Profit Falls
KEC International reported a 41 per cent fall in net profit to Rs 73 crore. Revenue remained flat at Rs 5,024 crore against Rs 5,023 crore.
Bosch
Profit Declines
Bosch reported a 36.8 per cent decline in consolidated net profit to Rs 704.9 crore. Consolidated revenue from operations stood at Rs 5,841.9 crore.
Office Space Acquisition in Mumbai
Brookfield India REIT and NCW’s Prime Offices Fund acquired 2.64 lakh sq ft of office space in Mumbai for an enterprise value of Rs 1,700 crore.
ITC
Rural Development
ITC signed an agreement with Swarna Andhra P4 Foundation to adopt 100 villages across nine districts to promote inclusive rural development across the state.
Rs 400 Crore Orders
Jupiter Wagons secured two battery energy storage system projects worth around Rs 400 crore from the West Bengal State Electricity Distribution Company.
BSE
To Enter Nifty 50
BSE will be included in the benchmark Nifty 50 index, replacing Wipro, as part of the periodic review by NSE Indices.
Lupin
USFDA Approval
Lupin received US health regulator approval for its generic sodium zirconium cyclosilicate oral suspension, indicated for treating high potassium levels in adults.
Steel Output Rises
JSW Steel reported a 3 per cent rise in consolidated crude steel production to 24.02 lakh tonnes in July.
Rs 541 Crore Orders
Bharat Electronics secured additional orders worth Rs 541 crore since July 31.
(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.)
