Share Market News August 1: ITC, Tata Motors, RailTel, Zomato, Hero MotoCorp, Greaves Cotton, other stocks to track on Thursday

Share Market Today August 1: At around 8:13 am, GIFT Nifty futures traded higher by 0.43 per cent or 106.85 points at 25,120, indicating a positive opening on the D-Street. 

Domestic equity benchmarks registered mild gains on Wednesday driven by buying interest in financial and metal shares although selling pressure in energy stocks kept the upside in check. All eyes globally were on a key rate decision by the Fed for cues. 

Here's a list of stocks that are set to be in focus during the August 1 session on Dalal Street:

Tata Steel stages operationally strong financial Q1 FY25 performance 

Tata group steelmaker Tata Steel registered a 51 per cent year-on-year jump in its consolidated net profit to Rs 960 crore for the June quarter, with an improvement of 350 bps in its margin to 12.2 per cent.

According to Zee Business research, Tata Steel's first-quarter net profit was estimated at Rs 1,155 crore and margin at 10 per cent. 

Coal India stages strong Q1 performance 

Coal India clocked a net profit of Rs 10,944 crore for the fiscal first quarter of FY25.

Zee Business analysts had pegged the mining PSU's June-quarter net profit at Rs 7,234 crore.  

Bank of Baroda posts mixed quarterly numbers 

Bank of Baroda registered a 9.5 per cent year-on-year increase in its standalone net profit to Rs 4,458.2 crore with NII growth of 5.5 per cent to Rs 11,600 crore for the April-June period.

According to Zee Business analysts, the state-run lender was estimated to log a net profit of Rs 4,465 crore with NII of Rs 11,670 crore.  

Infosys gets a tax notice

Infosys said Karnataka State GST authorities had issued a pre-show cause notice for payment of GST of Rs 32,403 crore for the period from July 2017 to March 2022 "towards the expenses incurred by overseas branch offices of Infosys Limited". The IT major said it had responded to the pre-show cause notice. 

"It is also important to note that the GST payments are eligible for credit or refund against export of IT services. Infosys has paid all its GST dues and is fully in compliance with the central and state regulations on this matter," Infosys said. 

The Phoenix Mills in focus

Financial Results | ITC, Tata Motors, Sun Pharma, Zomato earnings due on August 1

Almost 90 companies are scheduled to report their quarterly numbers on Thursday, including Tata Motors, ITC, Zomato, Sun Pharma, and RailTel. 

Corporate Action | Hero MotoCorp, Karur Vysya Bank, Oberoi Realty stocks to trade ex-dividend

Hero MotoCorp, Greaves Cotton, Karur Vysya Bank, Bayer Cropscience, Oberoi Realty, and Aditya Birla Sun Life AMC

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