Stocks to watch: ITC, ONGC, Nalco, Vodafone Idea, Muthoot Finance, Nykaa, Sterling and Wilson Renewable Energy

Stocks to watch: At around 8:03 AM, the GIFT Nifty futures traded 74.5 points, or 0.38 per cent lower at 19,424, suggesting a negative opening for the domestic stock market today.

Here is a list of stocks that will be in focus today, August 14:

Results today, August 14

ITC, Divi's Laboratories, Vodafone Idea, Hindustan Copper, CCD, EaseMyTrip, Indiabulls Housing Finance, GMR Airports, Lux Industries, PC Jeweller, Rajesh Exports, and Swan Energy will announce their June quarter numbers today. 

Muthoot Finance

The company's board has approved the acquisition of a 2.05 per cent stake in Belstar Microfinance Limited. The acquisition is worth Rs 43 crore. After buying the stake, the company's stake in Belstar will increase from 56.97 per cent to 59.02 per cent.

The company also posted its June quarter numbers, standalone profit was up 21.6 per cent to Rs 975.1 crore against Rs 802 crore a year ago.

Sterling and Wilson Renewable Energy

The company bagged a Rs 1,130 crore order from Gujarat Industries Power for its proposed 600 MWac solar project at Khavda. The project comprises two blocks of 300 MWac with a three-year operation and maintenance contract.

Reliance Industries

JFSL board allotted Rs 635 crore shares to Reliance shareholders. the allotted shares will be credited to the Demat account on August 10. The allotted shares will remain frozen in the depositary system till the listing is done. Stock exchanges have applied for the listing of shares. 

ONGC

The company posted a decline in revenue by 6.8 per cent to Rs 33814.3 crore against Rs 36292.6 crore in the March quarter. The profit stood at Rs 10015 crore against a loss of Rs 247.7 crore.

Nalco 

The company recorded a profit after tax (PAT) of Rs 349 crore against Rs 579 crore a year ago, down 40 per cent. The revenue of the company stood at Rs 3178 crore against Rs 3795 crore a year ago, down 16 per cent. 

Nykaa

On Friday, online beauty and fashion e-commerce major Nykaa reported a 27 per cent year-on-year decline in consolidated net profit at Rs 3.3 crore in the first quarter of FY24. FSN E-Commerce Ventures, the parent company of Nykaa, had posted a net profit of Rs 4.55 crore in the year-ago period.

Nykaa's revenue from operations was Rs 1,421.8 crore for the first quarter, compared to Rs 1,148.4 crore for the corresponding period a year ago, which was a growth of 24 per cent. READ MORE

ABB India

ABB posted a 21 times rise in the standalone profit for its June quarter to Rs 296 crore against Rs 140 crore a year ago. The order book inflows stood at Rs 3044 crore against Rs 2767 crore, up 10 per cent. Jefferies has maintained a 'buy' on the stock and has raised the target price to Rs 5,260 apiece from Rs 5,000 apiece. 

City Union Bank 

The bank posted a standalone profit of Rs 227.3 crore against Rs 225 crore a year ago. The bank's Net Interest Income or NII stood at Rs 522.5 crore against Rs 524.9 crore. The NIM or Net Interest Margin of the company was recorded at 3.67 per cent against 3.65 per cent. 

JK Cement 

JK Cement Ltd has reported a 29.43 per cent decline in its consolidated net profit for the first quarter that concluded on June 30, 2023. The company's net profit fell to Rs 113.46 crore, down from Rs 160.79 crore in the same April-June period the previous year, as stated in a regulatory filing.

Sun TV 

Sun TV Network, on Friday, recorded its highest net profit in more than 10 quarters, driven by growth in subscription revenues and higher IPL franchise income. The South India-based broadcaster’s consolidated net profit grew by 19.8 per cent year-on-year to Rs 592 crore in the April-June quarter, against Rs 494 crore for the same quarter of the previous fiscal. 

Voltas 

Tata Group company Voltas reported nearly a 19 per cent rise in first-quarter profit on Friday, boosted by the performance of its arm that makes air conditioners and air coolers. The consolidated net profit rose to 1.29 billion Indian rupees ($15.58 million) for the quarter ending June 30 from 1.09 billion rupees a year earlier.

NMDC 

Iron ore company NMDC on Friday posted a 13 per cent rise in its consolidated net profit to Rs 1,661.04 crore in the April-June quarter, boosted by higher income. It had clocked a net profit of Rs 1,471.24 crore in the April-June period of the 2022-23 fiscal, the company said in a regulatory filing.

Aurobindo Pharma

Aurobindo Pharma's consolidated net profit increased 10 per cent to Rs 571 crore in the first quarter that ended June 30, 2023, on account of robust sales across regions. The drug firm reported a net profit of Rs 520.5 crore in April-June 2022-23. Revenue from operations rose to Rs 6,850.5 crore from Rs 6,236 crore in the year-ago period, the Hyderabad-based firm said in a statement.

Adani Group stocks 

Deloitte resigned as auditor of Adani Ports after concerns about certain transactions in Hindenburg Report. Deloitte's decision comes after it was asked to independently investigate Adani Ports-related party transactions. The company appointed MSKA & Associates as the auditor

Lupin

The US Food and Drugs Administration has completed the inspection in the company's Mandideep Unit-2 facility and has given clearance without any objections.

NBCC

The company got a total order worth Rs 279 crores. An order worth Rs 98 crore is from KASEZ Authority to develop infrastructure on vacant land in Kandla SEZ, an order of Rs 50 crore for infrastructure development work coming from Currency Note Press, Nashik, and an order of Rs 115.44 crore from Paradip Port Authority.

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