SBI, JSW Steel, Infosys: Stocks to track on Monday

Stocks to watch on Monday, August 5: At around 8:19 am, GIFT Nifty futures traded sharply lower by 1.46  per cent or 361.55 points at 24,350, indicating a weak opening for equities today. Indian equities slumped in Friday's session as weak global cues weighed on sentiments. Nifty finished over 1 per cent or 293.2 points lower at 24,717.7, while the Sensex retreated by 1.08 per cent or 885.59 at 80,981.95.

Here are some stocks that will be in focus on Monday, August 5: 

Results on August 5: Deepak Nitrite, Marico, Tata Chemicals, Monte Carlo Fashions, Bharti Hexacom, Century Plyboards (India), EIH Associated Hotels, Som Distilleries & Breweries, Paras Defense and Space Technologies, Sun Pharma Advanced Research Company, Suven Life Sciences, Syrma SGS Technology, Brigade Enterprises, H.G. Infra Engineering, Keystone Realtors, and others will declare their Q1FY25 results on Monday. 

JSW Steel: The company has submitted a notice to surrender the lease of the iron ore block in Odisha due to un-economic operation.

Infosys: The company received a notice from DGGI closing the pre-show cause notice proceedings for the financial year 2017-2018. The GST amount as per the pre-show cause notice for this period was Rs. 3,898 crore.

Infosys had received and responded to a pre-show cause notice issued by DGGI for the period July 2017 to March 2022.  

Ambuja Cements: The company will invest Rs 1,600 crore to set up six MTPA capacity cement grinding units in Bihar.

Amara Raja Energy & Mobility: The company's net profit surged by 25.8 per cent year-on-year (YoY), reaching Rs 249 crore against Rs 198 crore. Its revenue was up 16.7 per cent at Rs 3,263 crore against Rs 2,796.7 crore YoY.

Affle: Technology firm Affle (India) has reported 30.8 per cent rise in consolidated net profit at Rs 86.59 crore for June quarter FY25.

SBI: State Bank of India - the country's largest lender by assets - on Saturday reported a net profit of Rs 17,035.2 crore for the April-June period, marking a 0.9 per cent increase over the corresponding quarter a year ago. 

(With inputs from agencies.)  

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