Stocks To Watch On July 29: Last week ended on a positive note for the equity markets, bouncing back from Budget-related losses. Today, investors will keep an eye on ICICI Bank, Adani Wilmar, ACC, Dr Reddy’s, IndiGo, and IndusInd Bank among others due to news developments and first quarter results.
Key earnings to watch
Several companies like Hindustan Petroleum Corporation, ACC, Bharat Electronics, and more will be announcing their quarterly results for Q1FY25 on July 29. This includes a diverse range of industries showcasing their performance in the current economic scenario.
UltraTech Cement: UltraTech Cement is set to acquire a significant stake in India Cements, strengthening its position in the fast-growing Southern cement market, particularly in Tamil Nadu. This strategic move aims to enhance the company’s competitive edge in the region.
Paytm: Paytm’s proposal for investment in its payment aggregator arm is still pending approval from the inter-ministerial panel overseeing investments linked to China. This development adds a layer of suspense to the company’s future plans.
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Power Grid Corp: Reporting a growth in consolidated net profit, Power Grid Corporation of India showcases resilience in revenue generation amidst challenging market conditions.
Cipla: Cipla’s net profit soars in the first quarter FY25, reflecting positive financial performance and strategic decisions. However, changes in board composition indicate internal restructuring.
ICICI Bank: Infusing funds into subsidiary ICICI Home Finance, ICICI Bank highlights its commitment to strategic investments for growth and expansion.
REC: REC reports a significant increase in consolidated net profit, showcasing financial stability and growth in revenues. The company’s interim dividend announcement reflects a positive outlook for shareholders.
Stay tuned for more updates on market movements and company performances as we navigate through the dynamic landscape of financial markets.