Stocks to Watch Today: ITC, Eicher Motors, Zomato, Indus Towers, and Others

The positive global sentiment and FII buying helped benchmark indices clock one percent gains and close at a three-month high on August 1. The market continued its northward journey for the fourth consecutive session along with the formation of a bullish candlestick pattern. The BSE Sensex rallied 545 points to 58,115, while the Nifty50 jumped 182 points to 17,340.

Results Today

Bosch, Indus Towers, Siemens, Adani Green Energy, Bank of India, Voltas, Brigade Enterprises, Deepak Nitrite, Dhanuka Agritech, Dodla Dairy, Gateway Distriparks, Gati, Godrej Properties, Gravita India, JM Financial, Jubilant Pharmova, Lemon Tree Hotels, MOIL, Paradeep Phosphates, RPG Life Sciences, Schneider Electric Infrastructure, Shyam Metalics and Energy, Thermax, Tube Investments of India, and Vaibhav Global will be in focus ahead of their June quarter earnings on August 2.

Stocks in News

ITC

The company recorded a 38.3 per cent year-on-year growth in standalone profit at Rs 4,169.4 crore for the quarter ended June 2022, on strong topline and operating performance. Revenue grew by 41.4 per cent YoY to Rs 18,320 crore during the June FY23 quarter with growth across segments. EBITDA surged 41.5 per cent YoY to Rs 5,647.2 crore in Q1FY23.

Zomato

The food delivery giant posted consolidated loss at Rs 186 crore for the quarter ended June 2022, which narrowed compared to loss of Rs 360.7 crore in Q1FY22 and loss of Rs 360 crore in Q4FY22. It was backed by other income that more than doubled to Rs 168.1 crore from Rs 72.2 crore YoY. Revenue grew by 67.4 per cent YoY and 16.67 per cent QoQ to Rs 1,413.9 crore during June FY23 quarter.

Pfizer

The company has received Rs 180.48 crore from Mylan after it transferred the Upjohn business (rimarily off-patent branded and generic established medicines business) comprising of six brands which included Lyrica, Viagra, Celebrex, Amlogard, Daxid and Dilantin along with related business assets and liabilities to Mylan.

Nelcast

The ductile and grey iron castings producer has clocked a 283.5 per cent year-on-year growth in profit at Rs 7.8 crore for the quarter ended June 2022, driven by healthy operating performance and top line. Revenue grew by 60 per cent to Rs 295.2 crore with growth in volumes and better realisation, while EBITDA increased by 60.4 per cent to Rs 23.3 crore during the same period.

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