Business

SBI to Infosys: Stocks to watch on August 05

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State Bank of India

SBI announced a 1 percent increase in net profit to Rs 17,035.16 crore for the first quarter of the current fiscal year. 

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Titan Ltd

Titan's standalone net profit fell 1% to Rs 770 crore in the June quarter, compared to Rs 777 crore a year ago, owing mostly to lower demand as gold prices rose.

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Britannia Industries

The biscuit manufacturer recorded a 14.5% increase in overall net profit to Rs 524 crore for the June quarter, up from Rs 458 crore in the same period last year.

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Infosys

The GST authorities have withdrawn a notice demanding Rs 3,898 crore from Infosys, part of a total tax demand of Rs 32,403 crore issued last week.

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Ambuja Cement

The Adani Group-owned cement company has announced its first substantial investment in Bihar, establishing a 6 MTPA cement grinding mill at a cost of almost Rs 1,600 crore.

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Bank of India

Bank of India reported a 10% increase in net profit to Rs 1,702.7 crore for Q1, up from Rs 1,551 crore in the previous year's quarter.

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