Stocks to watch today: ITC, Eicher Motors, Zomato, Indus Towers, and others

Positive global sentiment and FII buying helped benchmark indices gain one per cent and close three-month high on August 1. The market continued its northward journey for the fourth consecutive session with the formation of a bullish candlestick pattern. BSE Sensex increased by 545 points to 58,115, while nifty 50 Jumped 182 points to reach 17,340.

result today

Bosch, Indus Towers, Siemens, Adani Green Energy, Bank Of India, Voltas, Brigade Enterprises, Deepak Nitrite, Dhanuka Agritech, Dodla Dairy, Gateway Distriparks, Gati, Godrej Properties, Gravita India, JM Financial, Jubilant Farmova, Lemon Tree Hotels, MOIL, Paradip Phosphates, RPG Life Sciences, Schneider Electric Infrastructure, Shyam Metallics & Energy, Thermax, Tube Investments of India and Vaibhav Global will be in focus ahead of their June quarter earnings on August 2.

stocks in the news

ITC

The company reported a 38.3 per cent year-on-year growth in standalone profit at Rs 4,169.4 crore for the quarter ended June 2022 on strong topline and operating performance. Revenue during the June FY23 quarter grew 41.4 per cent to Rs 18,320 crore, with growth across sectors. EBITDA grew 41.5 per cent to Rs 5,647.2 crore in Q1FY23.

zomato

The food delivery giant posted a consolidated loss of Rs 186 crore for the quarter ended June 2022, which narrowed as compared to a loss of Rs 360.7 crore in Q1FY22 and Rs 360 crore in Q4FY22. This was supported by other income which doubled to Rs 168.1 crore from Rs 72.2 crore. Revenue grew 67.4 per cent YoY and 16.67 per cent QoQ to Rs 1,413.9 crore during the June FY23 quarter.

pfizer

The company has received Rs 180.48 crore from Mylan after it transferred its Upjohn business (mainly off-patent branded and generic established drugs business) to six brands, including Lyrica, Viagra, Celebrex, Amlogard , Daxid and Dilantin as well as related business assets. liabilities to mylan

nelcast

The ductile and gray iron casting producer reported a 283.5 per cent year-on-year growth in profit at Rs 7.8 crore for the quarter ended June 2022, driven by healthy operating performance and top line. Revenue grew 60 per cent to Rs 295.2 crore with increased volumes and better realizations, while EBITDA grew 60.4 per cent to Rs 23.3 crore during the same period.

Castrol India

The company reported 47.3 per cent year-on-year growth at Rs 206.26 crore for the quarter ended June 2022, driven by strong top line and operating performance, despite higher input costs. Revenue during the same period grew 40 per cent year-on-year to Rs 1,241.71 crore.

NMDC

The mineral producer recorded a monthly production of 2.05 million tonnes of iron ore in July 2022 from 3.06 million tonnes in July 2021 and sales declined to 2.95 million tonnes from 3.29 million tonnes during the same period.

Eicher Motors

The company sold 5,982 units in the commercial vehicle segment in July 2022, up 40.1 per cent as compared to 4,271 units sold in the same month last year, with domestic sales rising 51 per cent to 5,360 units, but exports falling 22 per cent to 501 units. Gone. same period.

Kansai Nerolac Paints

The company reported a 36.5 per cent year-on-year growth in consolidated profit for the quarter ended June 2022 to Rs 152 crore despite a sharp rise in input costs supported by operational performance and top line. Revenue during the same period grew by 46 per cent to Rs 2,051.40 crore.

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