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Stocks in news: IRFC, Vodafone Idea, Adani Enterprises, Honasa Consumer, Siemens, Jubilant FoodWorks

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August 12, 2024
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Stocks in news: IRFC, Vodafone Idea, Adani Enterprises, Honasa Consumer, Siemens, Jubilant FoodWorks
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Domestic markets ended in the red for the second week in a row, as key indices fell 1% last week. In today’s trade, shares of IRFC, Vodafone Idea, Adani Enterprises, Honasa Consumer, Siemens, Jubilant FoodWorks among others will be in focus due to various news developments and first quarter results

IRFC, Vodafone Idea, NMDC, Hudco, SJVN Voltas
Shares of IRFC, Vodafone Idea, NMDC, Hudco, SJVN and Voltas will be in focus as the companies will announce their first quarter results today.

Adani Enterprises
US-based short-seller alleged that Sebi chief Madhabi Puri Buch and her husband Dhaval Buch had stakes in Bermuda and Mauritius-based offshore funds used by Gautam Adani’s brother Vinod Adani “to amass and trade large positions in shares of the Adani Group”.

Read more: Here’s the trade setup for today’s session

Tata Motors
Tata Motors expects demand to remain sluggish in overseas markets this fiscal while pinning hopes on a gradual bounce back in the domestic market on the back of new launches and the upcoming festive season.

Honasa Consumer
Honasa Consumer reported a 63% year-on-year jump in its consolidated net profit for the quarter ended June 2024 at Rs 40 crore.

Grasim
Grasim Ltd slipped into the red in the first quarter ended June 2024 as the company reported a loss of Rs 52.12 crore.

Jubilant FoodWorks
Jubilant FoodWorks, which owns the Domino’s pizza franchise in India and several other countries, reported a 31.4% year-on-year (YoY) decline in its standalone profit for the June quarter

Metropolis Health
Metropolis Health reported a net profit of Rs 37.9 crore in the first quarter. Revenue from operations were at Rs 313 crore.

Amara Raja Battery
Amara Raja Advanced Cell Technologies, arm of AmaraRaja signed an MoU with Piaggio Vehicles, Indian subsidiary of the Italy’s Piaggio Group.

Mastek
Hiral Chandrana resigned as the Chief Executive Officer of Mastek with effect from August 9.

Siemens
Siemens Ltd reported a 26.8% year-on-year (YoY) jump in net profit at Rs 577.7 crore for the third quarter that ended June 2024.

ONGC
ONGC received government approval to invest up to Rs 10,501 crore in ONGC Petro Additions Ltd (OPaL).

Shipping Corp
Shipping Corp reported a net profit of Rs 291 crore in the first quarter. Revenue from operations were at Rs 1514 crore.

Tags: Adaniadani enterprisesconsumerEnterprisesFoodWorksgrasimHonasahonasa consumerIdeairfcJubilantMastekmetropolis healthNewsongcSiemensstocksStocks in newsTata MotorsVodafoneVodafone Idea
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