Akums Drugs & Pharmaceuticals IPO opens for public subscription today. The issue is available at a price band of Rs 646 to 679 per share and a lot size of 22 shares.
Benchmark indices Sensex and Nifty hit intra-day record high levels before closing almost flat on Monday due to profit-taking in FMCG and IT shares by cautious investors ahead of the key US Fed interest rate decision later this week.
The 30-share BSE Sensex closed higher by 23.12 points or 0.03 per cent at 81,355.84 — its all-time closing high — with 16 of its components advancing and 14 ending lower.
Stocks to be in focus today, according to Zee Business Experts
- Quarterly Stocks: More than 90 companies are scheduled to report their quarterly earnings today, including Tata Consumer Products, Indian Oil Corp, IndiaMART InterMESH, Granules India, GAIL, Star Health, Dixon Tech, Zaggle Prepaid, Aegis Logistics, Ajanta Pharma, and Lodha.
- Dividend Stocks: Around 10 stocks are slated to trade ex-dividend today, including Avanti Feeds, Granules, UltraTech, and Brigade Enterprises, whereas Aurobindo Pharma will trade ex-buyback.
- Colgate-Palmolive Stock: Company registered 13 per cent year-on-year growth in revenue to Rs 1,497 crore for the April-June period.
- HPCL Stock: Company registered an 87.5 percent sequential fall in its net profit to Rs 355.8 crore for the April-June period, with a 0.7 per cent decline in revenue to Rs 1,13,804 crore.
- Tata Consumer Products Stock: Company is estimated to report a consolidated net profit of Rs 338 crore with revenue growth of 17 per cent to Rs 4,390 crore for the June quarter, according to the Zee Business.
- ACC Ltd Stock: The Adani Group’s company reported its net profit in Q1FY25 which dropped to 22.46 per cent year-on-year to Rs 361.40 crore, from Rs 466.14 crore.
- HPCL Stock: The PSU net profit declined by 90 per cent year-on-year for Q1FY25.
- Indian Bank Stock: The lender posted a 41% hike year-on-year in net profit to Rs 2,403 crore for Q1FY25.
- Adani Total Gas Stock: The company reported a surge of 19.91 per cent in standalone net profit to Rs 177.09 crore in Q1FY25 from Rs 147.69 crore reported in Q1FY24.
- PNB Housing Finance Stock: Quality Investment Holdings, which is an entity of the US-based private equity firm Carlyle, may offload its 6.4 per cent stake in PNB Housing Finance through a block deal on Tuesday.
- Tata Steel Limited Stock: Tata Group’s steel arm acquired 557,324,840 equity shares of face value USD 0.157 each aggregating to USD 875 million (Rs 7,324.41 crore) in T Steel Holdings Pte. Ltd (TSHP).
(Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.)
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