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Stocks in Focus: Asian Paints, Vodafone Idea, Vedanta, SJVN, and Others

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The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.41% higher by 99 points at 24,256 indicating that the domestic benchmark indices are likely to make a positive start on Wednesday.

On Tuesday, 13 August, Domestic benchmark indices S&P BSE Sensex slumped 700 points or 0.87%, to end at 78,956, while the Nifty50 traded 208 points or 0.85% lower and settled at 24,139.

Here are some stocks that are likely to remain in focus on 14 August.

Quarterly Results Today: Bajaj Healthcare, GMR Power and Urban Infra, Hindustan Aeronautics, Mazagon Dock Shipbuilders, National Fertilizers, Apeejay Surrendra Park Hotels, Ola Electric Mobility, Glenmark Pharmaceuticals, Astron Paper & Board Mill, Jaiprakash Associates, KNR Constructions, Lux Industries, Sanstar, Shriram Properties, SpiceJet, Vascon Engineers, Stanley Lifestyles, and Sunteck Realty are some of the prominent companies that are set to release their quarterly earnings for April-June.

Vodafone Idea: Akshaya Moondra, CEO of Vodafone Idea, said that the company has seen its subscribers porting out to state-owned BSNL following the recent tariff hikes.

SJVN: In its quarterly earnings for April-June, the company reported a 31% year-on-year increase in consolidated net profit to Rs 357.09 crore for the quarter from Rs 271.75 crore reported in the same quarter last year. 

Asian Paints: India’s leading paint manufacturer has announced their ambitious capital expenditure plan of Rs 2,200 crore over the next four years in response to the growing presence of new entrant Biral Opus. 

Vedanta: The board of directors of the company has given approval for selling up to 11 crore shares, representing a 2.6% stake in Hindustan Zinc via an offer for sale. 

Apollo Hospitals: The company reported its consolidated net profit at Rs 316 crore for the quarter ended 30 June, marking an 82% YoY increase from the same quarter last year. 

Happiest Minds Technologies: Digital transformation and IT solutions company reported a strong revenue growth of 17.8% YoY to Rs 463.83 crore.

Piramal Enterprises: In its quarterly earnings for Q1FY25, the company reported a 64% YoY decline in net profit to Rs 181 crore during the quarter due to higher base from a one-time gain last year. 

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