Power Grid, ITC, Tata Steel and other top stocks to watch out for on August 12

Aug 12, 2021

By: Rounak Jain

Credit: BCCL

Power Grid Corporation

Its board has approved a fresh infusion of ₹425 crore equity in Energy Efficiency Services, a joint venture of Power Grid, NTPC, PFC and REC.

Credit: BCCL

ITC

To launch a “super app” for farmers called ITC MAARS. It has fast tracked its adoption of e-commerce, expecting a surge in home delivery and contactless shopping.

Credit: ITC

Tata Steel

It is expected to declare its June quarter results today.

Credit: Tata Steel

Earnings today

IRCTC, Tata Steel, Hero MotoCorp, BPCL, Eicher Motors, Oil India, Natco Pharma, Bharat Forge, 3M India, Anjani Portland Cement, Dish TV India, Finolex Cables, GMM Pfaudler, GOCL Corporation.

Credit: Pixabay

Earnings today

Goodyear India, GR Infraprojects, Hester Biosciences, IRCON International, Matrimony.com, Minda Corporation, RailTel, Rites, Suryoday Small Finance Bank, among others.

Credit: Pixabay

IPO Watch

CarTrade Tech IPO subscribed 20 times, Chemplast Sanmar subscribed 0.26 times and Aptus Value Housing Finance subscribed 0.37 times on day 2.

Credit: Flickr

Bata India

Narrowed its loss to ₹69 crore in the June quarter as against ₹101 crore a year ago. Revenue nearly doubled to ₹267 crore in the same period.

Credit: BCCL

Zomato

Its subsidiary has divested its stake in Nextable Inc., for $1,00,000.

Credit: Zomato

PTC India

Reported a 36 percent jump in net profit to ₹136 crore in the June quarter, while revenue surged to ₹4,960 crore, year-on-year.

Credit: PTC India

Wipro

Partnered with US-based IP Infusion to provide solutions to simplify management across 5G networks, enhance network automation and improve efficiency in spending.

Credit: Wipro

Zomato, India Cements and other top stocks to watch out for on August 11