Stocks in news: Zomato, Airtel, SBI, M&M, Vedanta, Eicher Motors

Nifty futures traded 52.5 points, or 0.27 per cent, higher at 19,504, signaling that Dalal Street was headed for a positive start on Friday. Here’s a slew of stocks that will be in focus today for various reasons.

Zomato
Zomato reported its first ever profit at Rs 2 crore for the quarter ended June, while revenue jumped 71% year-on-year.

Airtel
Airtel’s consolidated net profit was flat at Rs 1,612 crore, hit by an exceptional loss due to Nigerian currency devaluation.

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Adani Power
Adani Power has reported a consolidated profit at Rs 8759 crore, up 83% for the quarter ended June 2023. Revenue from operations was down 20% at Rs 11005 crore.

Vedanta
Twin Star has offloaded 15.4 crore shares or 4.14% stake in the company through bulk deals on Thursday.

Eicher Motors
Royal Enfield maker Eicher Motors reported a 50% rise in its June quarter profit at Rs 918 crore to beat Street estimates.SBI, M&M, Britannia, BHEL, Delhivery
Shares of SBI, M&M, Britannia, BHEL, and Delhivery will be in focus as the companies will announce their first quarter results today.

LIC Housing Finance
LIC Housing Finance has reported net profit of Rs 1,324 crore in the first quarter, while NII stood at Rs 2,252 crore.

Venus Pipes
Venus Pipes posted net profit of Rs 17.4 crore in the June quarter. Revenue from operations came in at Rs 180 crore.

KEC International
KEC International’s net profit for April-June period was at Rs 42.3 crore. Revenue from operations during the same period stood at Rs 4,244 crore.

Torrent Power
Torrent Power, through its subsidiary, entered into a power transfer agreement with subsidiaries of Shapoorji Pallonji for supply of 132 MW solar power for its desalination plants in Gujarat.

Radico Khaitan
Radico Khaitan reported net profit of Rs 68 crore in the June quarter. Revenue from operations during the said period stood at Rs 954 crore.

Cummins India
Cummins India posted net profit of Rs 316 crore in the first quarter. Revenue from operations were at Rs 2,208 crore in the reporting quarter.

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