stocks in focus: Stocks in news: RIL, Bharti Airtel, Vedanta, Tata Power, Lupin

Indian benchmark indices crashed nearly 3% on Monday following extremely weak trends in global equity markets amid fears of a slowdown in the US economy. In today’s trade, shares of RIL, Bharti Airtel, Vedanta, Tata Power, Lupin among others will be in focus due to various news developments and first quarter results.

PFC, Vedanta, Tata Power, TVS Motor and Shree Cements

Shares of PFC, Vedanta, Tata Power, TVS Motor and Shree Cements will be in focus as the companies will announce their first quarter results today.

RIL
Reliance Industries Limited (RIL) will convene the 47th Annual General Meeting (AGM) on August 29 at 2 pm, the company said in a statement on exchanges.

ONGC
State-owned ONGC on Monday reported 15% fall in its standalone net profit at Rs 8,938 crore in the first quarter ended June 2024.

Airtel
Leading telco Bharti Airtel on Monday posted 158% year-on-year growth in its consolidated net profit at Rs 4,160 crore in the first quarter.

Bajaj Consumer
Goldman Sachs today sold over 24.18 lakh shares worth nearly Rs 62 crore of Bajaj Consumer Care via block deal.

Power Mech
Power Mech received an order worth Rs 110.57 crore from Dangote Petroleum Refinery and Petrochemical FZE.

Deepak Nitrite
Deepak Nitrite reported a net profit of Rs 202 crore in the first quarter. Revenue from operations were at Rs 2,167 crore.

Lupin
Lupin received a show cause notice from Maharashtra GST authority seeking recovery of Rs 672.4 crore of tax and penalty.