L&T shares: Stocks in news: L&T, Axis Bank, HUL, Bajaj Finance, Tata Consumer

Equity markets reacted harshly to the hike in capital gains tax on Tuesday, but erased all the losses in the end. In today’s trade, shares of L&T, Axis Bank, HUL, Bajaj Finance, Tata Consumer among others will be in focus due to various news developments or quarterly earnings.

L&T, Axis Bank, Bajaj Finserv, SBI Life

Shares of L&T, Axis Bank, Bajaj Finserv and SBI Life will be in focus as the companies will announce their quarterly results today.

Bajaj Finance
Bajaj Finance Ltd on Tuesday reported 14% year-on-year growth in its consolidated net profit at Rs 3,912 crore for the first quarter ended June 2024.

HUL
FMCG major Hindustan Unilever (HUL) on Tuesday reported a 3% year-on-year (YoY) jump in net profit at Rs 2,538 crore for the quarter.

United Spirits
United Spirits reported a consolidated net profit of Rs 485 crore for the first quarter ended June 2024. This is an increase of 2% from Rs 477 crore posted in the last year quarter.ICICI Pru Life
ICICI Prudential Life Insurance on Tuesday reported a standalone net profit of Rs 225 crore for the quarter ended June 30, 2024, which was up by nearly 9% year-on-year.

South Indian Bank
South Indian Bank will consider fund raising via preferential issue or qualified institutional placement on July 30.

Torrent Pharma
Torrent Pharma posted a net profit of Rs 457 crore in the first quarter. Revenue from operations stood at Rs 2,859 crore.

Tata Consumer
Tata Consumer Products announced fundraising of Rs 3,000 crore through a rights issue, under which the company plans to issue 3.66 crore rights shares.