stocks in focus: Stocks in news: LIC, RVNL, BSE, Hindalco, Tata Motors, Eicher Motors

Domestic markets experienced a breather on Tuesday after the recent decline, gaining over a percent, driven by strong global cues. In today’s trade, shares of LIC, RVNL, BSE, Hindalco, Tata Motors, Eicher Motors among others will be in focus due to various news developments and first quarter results.

LIC, Eicher Motors, RVNL, SAIL, MRF and GRSE
Shares of LIC, Eicher Motors, RVNL, SAIL, MRF and GRSE will be in focus today as the companies will announce their first quarter results.

BSE
India’s oldest exchange BSE on Wednesday reported a net profit of Rs 265 crore for the quarter ended June 2024, which is down 40% year-on-year.

Tata Motors

Moody’s on Wednesday upgraded Tata Motors’ corporate family rating (CFR) to Ba1 from Ba3 and maintained a positive outlook on all the other ratings.

Coromandel International
Coromandel International has appointed S Sankarasubramanian as MD and CEO of the company.

Protean eGov Technologies
Standard Chartered Bank is likely to sell 3.09% equity in Protean eGov Technologies via block deals tomorrow, according to reports.

NHPC
NHPC reported a net profit of Rs 1108 crore in the first quarter. Revenue from operations were at Rs 2,694 crore in the same period.

Apollo Tyres
Apollo Tyres posted a net profit of Rs 302 crore in the April-June 2024 period. Revenue from operations stood at Rs 6,335 crore.

Hindalco
Novelis reported net income of $151 million in the first quarter, while adjusted EBITDA came in at $500 million.