Stocks in the news: Tata Steel, HCL Tech, UltraTech Cement and Aurobindo Pharma
An independent director at InterGlobe Aviation called for confidence-building measures.
UltraTech Cement, Adani Entertainment: Godrej Properties, UltraTech Cement, Adani Entertainment, NBCC, Page Industries, Infibeam Avenues, Max India, UCO Bank, Religare Enterprises, RCF and IRCON International are among companies which will release June quarter results today.
Tata Steel: The steelmaker said consolidated net profit in the June quarter fell 64.5 per cent to Rs 683.13 crore from 1,922.85 crore a year ago, due to higher expenses
Adani Power: The company’s consolidated net loss narrowed to Rs 263.39 crore in the April-June quarter of 2019-20, helped by improvement in its operating performance, according to a regulatory filing.
InterGlobe Aviation: An independent director at InterGlobe Aviation, which is grappling with promoters' feud, has called for confidence-building measures to address tremendous trust deficit that has built up in the board.
Mahindra & Mahindra: The company, which reported a 52.56 per cent decline in consolidated profit after tax to Rs 894.11 crore in the first quarter ended June 30 due to lower volume growth, has said it plans to roll out a range of new electric vehicles.
Punjab & Sind Bank: The state-owned bank reported narrowing of net loss to Rs 30 crore for the June quarter 2019 due to fall in bad loan provisions.
PTC India: The power trading solution provider consolidated net profit dipped 26.75 per cent to Rs 93.26 crore in the June 2019 quarter.
Adani Gas: The company reported a 43 per cent rise in first quarter net profit at Rs 79 crore on back of increase in gas sales.
Bosch: Auto components major said it will temporarily stop production at its two plants separately this month for a total of 13 days to "avoid unnecessary buildup of inventory".
Allcargo Logistics: The company reported a 19 per cent increase in consolidated net profit for the quarter ended June 30 at Rs 64 crore on the back of higher revenues.
KEC International: The infrastructure EPC firm reported a marginal improvement in consolidated net profit for the quarter ended June 30 at Rs 89 crore on back of higher income.
Srei Infrastructure Finance: The company reported a 69 per cent year-on-year decline in its consolidated net profit to Rs 42.67 crore during the first quarter of the current fiscal.
HPCL: The company reported a 53 per cent drop in June quarter net profit mainly due to inventory losses caused by fall in oil prices and lower refinery margins.
Aurobindo Pharma: The drug maker reported a nearly 40 per cent jump in its net profit (after JV share, minority interest)to Rs 636 crore for the quarter ended June 30 against Rs 456 crore for the same quarter last fiscal.
HCL Technologies: The IT services major reported an 8.2 per cent fall in consolidated net profit to Rs 2,230 crore for the June quarter, and said it was "cautiously optimistic" about growth in the ongoing fiscal.
Maruti Suzuki India: The auto major cut its production in July by 25.15 per cent, making it the sixth month in a row that the country's largest car maker reduced its output, according to a regulatory filing.
Siemens: The company posted 21 per cent rise in consolidated net profit at Rs 250.1 crore for June quarter 2019 mainly due to higher income.