Business

LIC to Oil India: Stocks to watch on August 09

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LIC

New business premiums increased 26.96 percent to Rs 58,470 crore, up from Rs 46,052 crore in Q1FY24. The total annual premium equivalent (APE) grew by 21.3% to Rs 11,560 crore.

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Oil India

Oil India's profit for Q1 fell 9.1 percent year on year to Rs 1,466.8 crore from Rs 1,613.4 crore. However, income, excluding excise duty, increased 17.7% to Rs 5,331.9 crore.

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Sobha

Sobha's first-quarter earnings decreased 49.8 percent to Rs 6.1 crore from Rs 12.05 crore, while revenue fell 29.5 percent to Rs 640.4 crore.

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Va Tech Wabag

The company's earnings increased 10.5% year on year to Rs 54.8 crore, up from Rs 49.6 crore. Revenue increased 13.3 percent to Rs 626.5 crore.

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Eicher Motors

The company's Q1 earnings increased 19.9 percent year on year to Rs 1,101.5 crore from Rs 918.3 crore. Revenue increased 10.2 percent to Rs 4,393 crore.

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ABB India

In the second quarter of CY24, ABB India recorded a 50% year-on-year growth in profit to Rs 443.5 crore from Rs 295.6 crore. Revenue increased 12.8 percent to Rs 2,830.9 crore.

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