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Stocks in Focus: Tata Steel, Rail Vikas Nigam, Hindustan Petroleum, and Others

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The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.28% higher by 70 points at 24,882.50, indicating that the domestic benchmark indices are likely to make a negative start on Tuesday. 

On Monday, 29 July, Domestic benchmark indices S&P BSE Sensex gained 23 points or 0.03%, to end at 81,355.84, while the Nifty50 traded 1.25 points or 0.01% higher and settled at 24,836.

Here are some stocks that are likely to remain in focus on 30 July.

Quarterly Results Today: Arvind SmartSpaces, Carborundum Universal, CarTrade Tech, Fine Organics Industries, Force Motors, Firstsource Solutions, Gail, 360 ONE WAM, Aegis logistics, Ajanta Pharma, Apar Industries, Castrol India, Dixon Technologies, Exide Industries, Granules India, Greenpanel Industries, Indiamart Intermesh, Jindal Stainless, LLOYDS Metals and Energy, Indus Towers, Indian Oil Corp, Johnson control Hitachi, PTC Industries, Rajratan Global Wire, R R Kabel, Tata Consumer Products, Titagarh Rail Systems, Torrent Power, Sapphire Foods, Varun Beverages, Vardhman Textiles, and Waaree Renewable Technologies are some of the prominent companies that are set to release their quarterly earnings for January-March.

Tata Steel: The company announced that they have acquired 5.57 billion equity shares in its Singapore-based subsidiary for $875 million. Earlier in May, the board of directors had approved the infusion into T Steel Holdings Pte Ltd, by subscribing to equity shares in one or more tranches. 

Rail Vikas Nigam: The company has emerged as the lowest bidder for an order worth Rs 739.07 crore for the development of distribution infrastructure at Central Zone of Himachal Pradesh.

Hindustan Petroleum: In its quarterly earnings for April-June, the company reported a 90% year-on-year decline in consolidated net profit to Rs 634 crore for the quarter under review from Rs 6,765.5 crore reported in the same quarter last year. 

Colgate Palmolive: in its Q1FY25, the company reported its net profit to Rs 364 crore for the quarter under review, marking a 33% YoY increase from Rs 331 crore reported in the same quarter last year. 

Kansai Nerolac Paints: The Paint major reported a 68.7% YoY decline in net profit to Rs 230.83 crore for the quarter from Rs 738 crore reported in the same quarter of the previous fiscal year. 

Adani Total Gas: The revenue from operations during the April-June quarter of the company grew by 9.01% YoY to Rs 1,237.10 crore and a 19.91% YoY increase in net profit to Rs 177.09 crore. 

Bharti Airtel: The company announced that they are re-farming its existing 4G spectrum in 1,800 megahertz (MHz), 2,100 MHz, and 2,300 MHz bands to meet the growing traffic demand on the 5G network. 

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