stocks in focus: Stocks in news: Hero MotoCorp, Hindalco, Apollo Hospitals, Vedanta, Ola Electric

Domestic markets extended losses for a second straight day on Tuesday as Sensex tumbled nearly 700 points. In today’s trade, shares of Hero MotoCorp, Hindalco, Apollo Hospitals, Vedanta, Ola Electric among others will be in focus due to various news developments and first quarter results.

HAL, Ola Electric, Mazagon Dock Shipbuilders, Bandhan Bank
Shares of HAL, Ola Electric, Mazagon Dock Shipbuilders and Bandhan Bank will be in focus as the companies will announce their first quarter results.

Apollo Hospitals
Leading hospital chain Apollo Hospitals reported 83% growth in its consolidated net profit at Rs 305 crore for the first quarter ended June 2024.Hero MotoCorp
Hero MotoCorp reported a standalone net profit of Rs 1,123 crore for the quarter ended June 2024, which was up by 36% year-on-year.

IRCTC
State-run Indian Railway Catering and Tourism Corporation (IRCTC) on Tuesday reported 33% growth in its consolidated net profit at Rs 308 crore in the first quarter ended June 2024.

Vodafone Idea
Vodafone Idea (VIL) said it is witnessing a rise in subscribers port-outs to BSNL after recent tariff hikes and closely monitoring the situation.

Hindustan Zinc
Metals and mining major Vedanta Ltd on Tuesday announced its committee of directors has approved the sale of up to 11 crore shares or 2.6% equity in Hindustan Zinc via an offer for sale (OFS).

Nykaa
FSN E-Commerce Ventures, which operates Nykaa brand, reported a consolidated net profit of Rs 13.64 crore for the quarter ended June 2024, which was up by 152% year-on-year.

SJVN
The Board of SJVN approved monetisation through securitisation of partial future revenue/return on equity of Nathpa Jhakri Hydro Power Station (NJHPS), also diluting stake in arm SJVN Green Energy.

Muthoot Finance
Muthoot Finance reported a net profit of Rs 1079 crore in the first quarter. Revenue from operations were at Rs 2353 crore.

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