Eicher Motors, Bharti Airtel, SBI, Britannia, Sun Pharma, KEC International among top stocks to track today

Stocks to watch today: The domestic equity market is expected to see a positive start to trading on Friday. At 08:35 AM, the GIFT Nifty was trading 35.5 points, or 0.18 per cent higher at 19,487 levels. 

Here's a list of top stocks that may remain in focus today. 

Eicher Motors: Eicher Motors on Thursday said its consolidated net profit increased by 50 per cent to Rs 918 crore for the first quarter ended June 30, 2023, on the back of strong sales across domestic and international markets. The company, which reported a net profit of Rs 611 crore in the April-June period of last fiscal, said it is in the process of setting up a production capacity of 1.5 lakh electric vehicle units. READ MORE

Earnings today: SBI, M&M, and Britannia are some of the prominent names that are scheduled to report their June quarter earnings. 

Sun Pharma: Sun Pharmaceutical Industries on Thursday reported a 2 per cent decline in its consolidated net profit at Rs 2,022 crore for the first quarter ended June 30, 2023. The drug major had reported a net profit of Rs 2,061 crore in the April-June period a year ago. READ MORE

KEC International: Engineering and construction company KEC International posted a bigger-than-expected rise in first-quarter profit on Thursday, boosted by strong infrastructure demand. Consolidated profit for RPG Group's flagship company rose 36.5% to 423.3 million rupees ($5.11 million), while revenue rose 27.9% year-on-year to 42.44 billion rupees.

LIC Housing Finance on Thursday reported a 43 per cent rise in net profit at Rs 1,324 crore in the April-June quarter. The housing finance subsidiary of LIC had posted a net profit of Rs 925 crore in the year-ago period. The total income in the first quarter of the current fiscal rose to Rs 6,747 crore against Rs 5,291 crore, LIC Housing Finance said in a regulatory filing. The lender's interest income also increased to Rs 6,704 crore from Rs 5,250 crore in the same quarter a year ago. READ MORE 

Bharti Airtel on Thursday reported a consolidated net profit of Rs 1,612.5 crore, down 46 per cent quarter-on-quarter (QoQ) for the quarter ended June 30, 2023 (Q1FY24). The company had posted a profit of Rs 3,005.6 crore in the previous quarter. On a year-on-year (YoY) basis, the figure remained flat. In the year-ago period, the company reported a profit of Rs 1,606.9 crore. Revenue from operations came in at Rs 37,440 crore, up 3.97 per cent against Rs 36,009 crore registered in the previous quarter. On a YoY basis, the figure increased by 14.1 per cent. READ MORE  

Maruti Suzuki India: In a regulatory filing, the company said that a meeting of its board of directors is scheduled to be held on August 8, 2023, to discuss the mode of discharging consideration for the acquisition of a 100 per cent equity stake in Suzuki Motor Corporation (SMC) in Suzuki Motor Gujarat Private Limited (SMG) by way of either cash or preferential issuance of equity shares of Maruti Suzuki India Limited (MSIL) to SMC, as may be decided by the Board.