stocks in focus: Stocks in news: Grasim, Info Edge, LIC, Eicher Motors, SAIL

The domestic market reversed its earlier gains and closed in red on Thursday as the RBI’s decision to hold its current policy with a caution. In today’s trade, shares of Grasim, Info Edge, LIC, Eicher Motors, SAIL among others will be in focus due to first quarter results and various news developments.

LIC

Life Insurance Corp (LIC) on Thursday reported a net profit of Rs 10,544 crore in the first quarter ended June 2024. This is an increase of 9% from Rs 9635 crore reported in the last year quarter.

Eicher Motors
Eicher Motors on Thursday reported a consolidated net profit of Rs 1,101.46 crore for the quarter ended June 30, 2024 which was up by 20% year-on-year.

Cochin Shipyard
Cochin Shipyard on Thursday reported a 76.6% year-on-year (YoY) growth in its consolidated net profit to Rs 174.23 crore for the June 2024 quarter of FY25.Trent, Grasim, Info Edge, Honasa Consumer
Shares of Trent, Grasim, Info Edge and Honasa Consumer will be in focus as the companies will announce their first quarter results today.

SJVN
SJVN’s arm SJVN Green Energy commissions 90 MW Omkareshwar Floating Solar Project.

Sobha
Sobha reported a net profit of Rs 6.1 crore in the June quarter. Revenue from operations stood at Rs 640 crore.

Utkarsh SFB
RBI approved the increase in the authorised capital of Utkarsh Small Finance Bank from Rs 1,500 crore to Rs 2,000 crore and consequent Amendment to MOA of the Bank.

SAIL
SAIL posted net profit of Rs 82 crore in the first quarter. Revenue from operations came in at Rs 23,998 crore.

Biocon
Biocon posted a net profit of Rs 660 crore in the June quarter. Revenue from operations stood at Rs 3,433 crore.

Nexus REIT
Blackstone sponsor group is likely to sell 21.8% of total REIT units outstanding in company via block deals.