Stocks in the News (7 Aug):
Hindustan Petroleum Corp Ltd (HPCL) reported over two-fold jump in its June quarter net profit to Rs 2,252.65 crore against a net profit of Rs 877.48 crore in April-June 2019.
Adani Enterprises reported loss at Rs 65.7 crore for Q1 2021 vs. profit Rs 570 crore in the year-ago, revenue at Rs 5,265.2 crore vs Rs 10,561.4 crore.
Vodafone Idea reported a sharp increase in its losses to Rs 25,460 crore for the April-June quarter of 2020-21 due to high provisioning for statutory dues.
Lupin reported a 58.9% YoY fall in its profit after tax (PAT) at Rs 108.2 crore.
Pidilite Industries reported 90.86% YoY drop in consolidated net profit at Rs 26.78 crore.
Minda Industries Board to consider Rs 250 crore rights issue’s issue price, rights entitlement ratio, record date, timing and other related matters on August 11.
Asian Paints Promoters released 1.7 lakh pledged shares.
Welspun Corp approved listing of its joint venture company Welspun Middle East Pipes established in the Kingdom of Saudi Arabia, at the local Stock Exchange.