Stocks to Focus on July 31, 2024: Maruti, M&M, Tata Consumer, Adani Energy, Vedanta Amid Record Highs
Benchmark equity indices Sensex and Nifty managed to post gains amid volatile trading on Tuesday, achieving record high levels and extending their winning streak to a third consecutive day. In today's session, stocks such as Maruti, M&M, Tata Consumer, Adani Energy, and Vedanta will be closely watched due to various news events and first-quarter results.
Maruti, M&M, Coal India, Adani Power, Tata Steel, Ambuja, BoB
Shares of Maruti, M&M, Coal India, Adani Power, Tata Steel, Ambuja, and BoB are set to be in the spotlight as these companies announce their first-quarter results today.
Vedanta: Mining giant Vedanta has received approval from 75% of its secured creditors to proceed with obtaining clearance from stock exchanges and subsequently filing its demerger scheme with the NCLT.
GAIL: State-owned GAIL reported a consolidated net profit of Rs 3,183 crore for the quarter ending June 2024, a significant increase of 78% compared to Rs 1,793 crore in the same period last year.
Adani Energy: Adani Energy Solutions launched a qualified institutional placement (QIP) on Tuesday, setting a floor price of Rs 1,027.1 per share.
Hindalco: Hindalco Industries announced plans to invest nearly $7 billion in capital expenditure over the next three to five years.
Mindspace Business Parks: Backed by K Raheja Corp, Mindspace Business Parks REIT plans to invest over Rs 3,500 crore in developing new office properties.
Nexus Select Trust: Nexus Select Trust, India's first listed retail real estate investment trust (REIT), is pursuing an inorganic growth strategy by negotiating for five additional retail properties in addition to its ongoing five acquisitions.
Indus Towers: Indus Towers reported a net profit of Rs 1,926 crore for the first quarter, with revenue from operations amounting to Rs 7,383 crore.
Punjab Housing: Carlyle Group sold a 12.8% stake in Punjab Housing Finance for Rs 2,578 crore at an average price of Rs 775.1 per share.
