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Stocks to watch: Shares of firms like ICICI Bank, BPCL, Vodafone, IRCTC, Patanjali Foods, Infosys, and others will be in focus on Thursday’s trade
Stocks To Watch On August 14.
Stocks To Watch Today, August 14: Markets ended higher on Wednesday, rising over 0.5% and continuing their consolidation phase. In today’s trade, BPCL, Vodafone Idea, ICICI Bank, IRCTC, and Vishal Mega Mart will be in focus due to various corporate developments.
Earnings Watch: Indian Oil, Ashok Leyland, Vodafone Idea, Patanjali Foods, Glenmark Pharma
Shares of Indian Oil Corporation, Ashok Leyland, Vodafone Idea, Patanjali Foods, and Glenmark Pharma will be closely tracked as these companies are set to announce their Q1 results today.
Bharat Petroleum Corporation (BPCL)
BPCL reported a 22.8% quarter-on-quarter jump in its Q1 net profit to Rs 6,124 crore, beating market estimates. Revenue rose 1.2% to Rs 1.13 lakh crore.
ICICI Bank
ICICI Bank has reduced the minimum balance requirement for new savings accounts from Rs 50,000 to Rs 15,000 following customer feedback.
IRCTC
IRCTC posted an 8% year-on-year increase in its consolidated net profit for the June quarter, reaching Rs 331 crore.
Jubilant FoodWorks
Jubilant FoodWorks recorded a 29.5% year-on-year jump in Q1 net profit to Rs 66.7 crore, exceeding estimates, while revenue rose 18.2% to Rs 1,702 crore.
Aditya Birla Fashion and Retail (ABFRL)
ABFRL and its subsidiary, Aditya Birla Digital Fashion Ventures Ltd (ABDFVL), have entered into agreements with ServiceNow Ventures Holdings for an investment of up to Rs 437 crore.
Vishal Mega Mart
The company’s revenue surged 21% year-on-year to Rs 3,140 crore, up from Rs 2,596 crore.
United Spirits
United Spirits posted a Q1 net profit of Rs 258 crore, with revenue at Rs 2,549 crore.
Infosys
Infosys will acquire a 75% stake in Versent Group, an Australian digital transformation solutions provider and wholly owned subsidiary of Telstra Group, for AUD 233.25 million. Telstra will retain a 25% minority stake.
Pfizer
Pfizer reported a Q1 net profit of Rs 192 crore, with revenue at Rs 604 crore.
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Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
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