The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.31% higher by 75 points at 24,120, indicating that the domestic benchmark indices are likely to make a positive start on Wednesday.

On Tuesday, 6 August, Domestic benchmark indices S&P BSE Sensex slumped 166.33 points or 0.21%, to end at 78,593.07 while the Nifty50 traded 63.05 points or 0.26% lower and settled at 23,992.55.

Here are some stocks that are likely to remain in focus on 7 August.

Quarterly Results Today: Aditya Birla Fashion and Retail, Apollo Tyres, Balaji CARE Ratings, Godfrey Phillips, Gujarat Pipavav Port, Happy Forgings, Godrej Consumer Products, Aadhar Housing Finance, Abbott India, Chemplast Sanmar, Coromandel International, Gandhar Oil Refinery, ITD Cementation, Krishna Institute of Medical Sciences, Dr Lal PathLabs, Sula Vineyards, Welspun Corp, Zee Media Corporation, Lemon Tree Hotels, NHPC, and NLC India are some of the prominent companies that are set to release their quarterly earnings for April-June.

Lupin: In its quarterly earnings for April-June, the company reported a 77.2% year-on-year increase in net profit to Rs 801.3 crore during the quarter compared to Rs 452.3 crore reported in the same quarter of the previous fiscal year. 

Realty Stocks: The government has decided to revisit its decision to eliminate indexation benefits on property transactions after receiving widespread backlash from stakeholders. 

Suzlon Energy: The company announced acquiring a 76% stake in Renom Energy Services from the Sanjay Ghodawat Group in two or more tranches. The company will buy the 76% stake in two stages: 51% for Rs 400 crore now and the remaining 25% for Rs 260 crore. 

Tata Power: The company reported a 0.2% YoY decline in net profit to Rs 970.9 crore for the quarter ended 30 June against Rs 972.5 crore reported in the same quarter of the previous fiscal year. 

Gland Pharma: The pharmaceutical major has reported a 25.9% YoY decline in net profit to Rs 143.8 crore for Q1FY25 compared to Rs 194 crore reported in the corresponding quarter of the previous year. 

State Bank of India: The centre has approved the appointment of Challa Sreenivasulu Setty as Chairman of SBI for three years. Moreover, Rana Ashutosh Kumar Singh has also been appointed as the Managing Director of the company. 

Chambal Fertilizers:  The company reported its net profit for the April-June quarter stood at Rs 448.3 crore, marking a 32.4% YoY increase from Rs 338.6 crore recorded during Q1FY24.

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