Indian Bank to Tata Steel: Stocks to watch on July 30
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Bharat Electronics
The Navratna PSU's net profit increased by 46.89 percent year on year to Rs 791.00 crore in Q1FY25, up from Rs 538.48 crore in the corresponding quarter of FY24.
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Indian Bank
The state-owned bank's net profit increased by 41% year on year to Rs 2,403 crore in the first quarter of FY25, aided by a drop in bad loans.
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PNB Housing Finance
Quality Investment Holdings, a subsidiary of the US-based private equity firm Carlyle, is expected to sell its 6.4% interest in PNB Housing Finance in a block sale on Tuesday.
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Tata Steel Limited
Tata Group's steel arm purchased 557,324,840 equity shares of face value USD 0.157 each, totaling USD 875 million (Rs 7,324.41 crore) in T Steel Holdings Pte. Ltd (TSHP).
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Adani Total Gas
The company's standalone net profit increased by 19.91 percent to Rs 177.09 crore in Q1FY25, up from Rs 147.69 crore in Q1FY24.
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Akums Drugs & Pharmaceuticals
Akums Drugs & Pharmaceuticals' initial public offering (IPO) begins today. The issue is available in a price range of Rs 646 to 679 per share with a lot size of 22 shares.