Download Unicorn Signals App

Powered By EquityPandit
 Signals, Powered By  EquityPandit
MARKETS

Stocks in Focus: Infosys, Maruti Suzuki, Bharat Forge, and Others

Picture Source: Internet.

The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.16% higher by 39 points at 25,088 indicating that the domestic benchmark indices are likely to make a positive start on Thursday.

On Wednesday, 31 July, Domestic benchmark indices S&P BSE Sensex gained 286 points or 0.35%, to end at 81,741, while the Nifty50 traded 94 points or 0.38% higher and settled at 24,951.

Here are some stocks that are likely to remain in focus on 1 August.

Quarterly Results Today: Tube Investments of India, Thermax, Triveni Engineering and Industries, Somany Ceramics, Suraj Estate Developers, SJS Enterprises, Sun Pharmaceutical Industries, Tata Motors, Zomato, Welspun Enterprises, Sundaram Finance Holdings, Vaibhav Global, ITC, Max Healthcare Institute Limited, Kalyan Jewellers India, Gujarat Heavy Chemicals, Johnson Pharmacare, Dabur India, The Bombay Dyeing Co, Bajaj Steel Industries, Great Eastern Shipping Company, G R Infraprojects, Alkyl Amines Chemicals, Adani Enterprises, Adani Ports and Special Economic Zone, Aditya Birla Capital, Arvind Fashions Limited, and Suryoday Small Finance Bank are some of the prominent companies that are set to release their quarterly earnings for April-June.

Maruti Suzuki: In its quarterly earnings for April-June, the company reported a 46.9% year-on-year decline in net profit to Rs 3,649.9 crore against Rs 2,485.1 crore reported in the same quarter last year on the account of favourable commodity prices, cost reduction efforts, and foreign exchange. 

Bharat Forge: The wholly-owned subsidiary of the company has been granted a defence licence from the Department for Promotion of Industry & Internal Trade under The Industries (Development and Regulation) Act, 1951, for manufacturing various defence products at its Jejuri unit.

Infosys: The IT major has received a pre-show cause notice for alleged evasion of goods and services tax (GST) amounting to Rs 32,403 crore, relating to expenses claimed by Infosys’s overseas branches.

Mankind Pharma: The company reported a 10.2% YoY increase in net profit to Rs 536.49 crore compared to Rs 486.87 crore posted during the first quarter of the previous financial year.

Adani Power: In Q1FY25, the company reported a 55% YoY decline in net profit to Rs 3,913 crore against Rs 8,759 crore in the corresponding quarter of the previous financial year.

Godrej Properties: The real estate major reported a four fold jump in net profit to Rs 520 crore for the quarter ending 30 June compared to Rs 125 crore reported in the same quarter of the previous fiscal year. 

Tata Steel: The company reported a 51.4% YoY increase in its consolidated net profit to Rs 959.61 crore for Q1FY25, following the operations in the Netherlands revert back to normal. The net profit in Q1FY24 stood at Rs 633.95 crore.

The future of investing is here!
Unicorn Signals leverages advanced AI technology to provide you with powerful market predictions and actionable stock scans. Download the app today and 10x your trading & investing journey!

Get Daily Prediction & Stocks Tips On Your Mobile