06 Aug , 2021 By : Kanchan Joshi
NEW DELHI: Here are top 10 stocks that may be in the news today.
Adani Power: The company on Thursday posted a consolidated net profit of Rs278.22 crore for the quarter ended 30 June, 2021 on higher revenues. The company had reported a consolidated net loss of Rs682.46 crore in the year-ago period.
Bharti Airtel: The Department of Telecommunications (DoT) has issued a letter of intent (LoI) to Bharti group-backed OneWeb for satellite services in India, according to an official source. Bharti Airtel on Thursday announced that it has partnered with Google Cloud and Cisco to launch ‘Airtel Office Internet’ to accelerate digital transformation of SMEs, SOHOs and early-stage tech start-ups.
Cipla: The Indian pharmaceutical major has reported a 23.67 per cent increase in its consolidated net profit to Rs714.72 crore for the quarter ended June 30, 2021, on strong sales performance. The company had posted a net profit of Rs577.91 crore in the corresponding period of the previous fiscal, Cipla said in a regulatory filing on Thursday.
Escorts: The tractor manufacturer registered a two-fold increase in net profit during the quarter ended June 30, 2021. The company posted a 101% rise in standalone net profit at Rs185.2 crore, as opposed to Rs92.2 crore in the year-ago period. Revenue from operations improved as sales rose during the quarter. The company reported 57.4% increase year-on-year in revenue from operations at Rs1,671.5 crore in Q1 FY22, compared to Rs1,061.6 crore in the Q1 FY21.
GAIL: The nation's largest gas marketer and transporter, on Thursday reported a 500% jump in its June quarter net profit on the back of higher sales and margin boost in gas as well as petrochemicals. Net profit of Rs1,529.92 crore in April-June was up from Rs255.51 crore in the same period a year back, the company said in a statement. The profit was, however, lower than the Rs1,907.67 crore earning in the preceding January-March quarter.
Indiabulls Housing Finance: Mortgage financier Indiabulls Housing Finance on Thursday reported a marginal 3.3% growth in its profit after tax at Rs282 crore for the first quarter ended 30 June, helped by a lower cost of funds. The lender had reported a profit after tax of Rs273 crore in the year-ago quarter
Maruti Suzuki: The country's largest carmaker on Thursday said its total production in July increased by 58% on a yearly basis to 1,70,719 units. The company had produced a total of 1,07,687 units in the year-ago period, Maruti Suzuki India (MSI) said in a regulatory filing.
Future Retail: The Supreme Court will deliver its verdict in the Amazon-Future Retail case today. Recently, the Competition Commission of India (CCI) has issued a show-cause notice to Amazon.com Inc., seeking to know why certain facts were not disclosed about its 2019 purchase of a 49% stake in a Future Group entity.
REC Ltd: The company has posted nearly 23% jump in its consolidated net profit to Rs2,268.66 crore for the June 2021 quarter, mainly due to higher revenues. The company's consolidated net profit had stood at Rs1,845.30 crore in the quarter ended on 30 June 2020, according to a BSE filing. Its total income during April-June 2021 rose to Rs9,639.98 crore, from Rs8,136.37 crore in the year-ago period
Vodafone Idea: Amid an existential crisis faced by the company, Vodafone Idea CEO Ravinder Takkar has reached out to employees seeking to reassure them, and has urged the staff to continue focusing on providing quality services to customers and sustain intensity in the market.
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