Stocks to Watch Today, August 6: Indian benchmark indices are likely to see stock-specific action on Thursday, August 6, amid a busy earnings season and a host of corporate developments. Companies including Brigade Hotel Ventures, Biocon, Whirlpool of India, Orkla India, Aurobindo Pharma and Aster DM Healthcare reported their June quarter results.
While Gland Pharma, Bharti Airtel, NHPC, NBCC, Smartworks Coworking Spaces, Ola Electric and others announced key business updates. Shares of Clean Max Enviro Energy Solutions will also remain in focus as the shareholder lock-in period ends.
Here’s the list of stocks to watch in today’s trading session:
Q1 PAT jumps 140 per cent
Brigade Hotel Ventures reported a 140 per cent YoY rise in Q1 consolidated PAT to Rs 17 crore. Total revenue during the quarter increased to Rs 131 crore, reflecting strong operating performance.
Biocon
Profit rises 53 per cent in Q1
Biocon posted a 53.36 per cent YoY increase in Q1 consolidated net profit to Rs 136.8 crore. Consolidated total income for the quarter stood at Rs 4,390.5 crore.
Q1 profit falls 30 per cent
Whirlpool of India reported a 29.57 per cent decline in Q1 consolidated net profit to Rs 102.88 crore. Total expenses rose 16 per cent YoY to Rs 2,656.89 crore.
Profit, revenue grow in Q1
Orkla India reported an 11.12 per cent YoY rise in Q1 net profit to Rs 87.7 crore. Revenue from operations increased 10.4 per cent to Rs 659.1 crore.
Q1 earnings beat estimates
Aurobindo Pharma reported a 25.2 per cent YoY rise in Q1 net profit to Rs 1,033 crore. Revenue climbed 16.3 per cent YoY to Rs 9,150 crore.
Profit slumps 81 per cent
Aster DM Healthcare’s Q1 net profit plunged 81.2 per cent YoY to Rs 16.1 crore, while revenue increased 21.6 per cent to Rs 1,311 crore, supported by business growth.
Partners with Neuland Labs
Gland Pharma and Neuland Laboratories entered a long-term strategic CDMO partnership to expand sterile API manufacturing capacity and strengthen pharmaceutical production capabilities.
Sees room for tariff hikes
Bharti Airtel sees scope to increase tariffs on lower-priced unlimited data plans, according to a senior company official, signalling potential improvement in telecom sector revenue.
NHPC
Seeks higher borrowing limit
NHPC will seek shareholder approval to increase its borrowing limit to Rs 70,000 crore from Rs 60,000 crore at its AGM scheduled on August 28.
NBCC
Wins Rs 780 crore RBI order
NBCC secured a Rs 780 crore contract from the Reserve Bank of India to construct an office complex and staff quarters in Andhra Pradesh.
Smartworks Coworking Spaces
Leases 1.41 lakh sq ft
Smartworks Coworking Spaces leased 1.41 lakh sq ft of office space from Bharti Real Estate in New Delhi to expand its managed workspace network.
PE investors trim stake
Elevation Capital and Peak XV Partners sold a combined 2.3 per cent stake in Meesho for Rs 1,949 crore through open market transactions, partially monetising their investment.
Signs battery storage MoU
Ola Electric signed an MoU with Axis Energy to explore deployment of up to 20 GWh of battery energy storage systems by 2032, boosting clean energy ambitions.
Clean Max Enviro Energy Solutions
Lock-in period ends
The shareholder lock-in period for Clean Max Enviro Energy Solutions ends today.
(Disclaimer: The above article is meant for informational purposes only and should not be construed as investment advice. ET NOW DIGITAL advises its readers to consult their financial advisors before making any investment decisions.)
