stocks in news: Stocks in news: Ola Electric, Hindustan Zinc, SpiceJet, SBI, Glenmark Pharma

Domestic markets remained lackluster and closed flat on Wednesday, taking a pause after Tuesday’s decline. In today’s trade, shares of Ola Electric, Hindustan Zinc, SpiceJet, SBI, Glenmark Pharma among others will be in focus due to various news developments and first quarter results.

Hindustan Zinc
Hindustan Zinc Limited (HZL) has announced its offer for sale from August 16 to 19 and has set the floor price at Rs 486 per share according to reports.

SpiceJet
Budget carrier SpiceJet Ltd reported 20% decline in its consolidated net profit at Rs 158 crore in the first quarter ended June 2024.

Ola Electric
Ola Electric Mobility on Wednesday reported a consolidated net loss of Rs 347 crore for the quarter ended June 30, 2024 which was up from Rs 267 crore a year ago.

REC
REC has formed a new subsidiary, Rajasthan IV 4B Power Transmission, to support power evacuation efforts in Rajasthan’s Renewable Energy Zone.SBI, PNB
Karnataka government decided to suspend banking with SBI and PNB over concerns about misuse of government funds and illegal transactions.

Glenmark Pharma
Glenmark Pharma reported a net profit of Rs 340 crore in the first quarter. Revenue from operations stood at Rs 3244 crore.