RIL, Future Group, SAIL and other top stocks to watch out for on August 9

Aug 9, 2021

By: Rounak Jain

Credit: BCCL

Reliance Industries

Faced a setback in its case against Amazon as the Supreme Court stayed the Future Group deal worth $3.4 billion.

Credit: BCCL

Future Group

Shares of the group companies plunged by up to 10 percent on Friday after its deal with RIL was halted by the Supreme Court.

Credit: Future Group

SAIL

Reported a net profit of ₹3,897 crore in the June quarter as against a loss of ₹1,227 crore a year ago. Revenue more than doubled to ₹20,643 crore in the same period.

Credit: SAIL

Earnings today

Shree Cement, MRF, Reliance Power, Clean Science and Technology, Jet Airways (India), Laxmi Organic Industries, Chemcon Specialty Chemicals, Gati, Shalby, among others.

Credit: Pixabay

IPO Watch

Rolex Rings shares to debut today. Nuvoco Vistas, CarTrade IPOs to open today.

Credit: Flickr

Tata Power

Reported a 74 percent surge in June 2021 quarter net profit to ₹466 crore, while revenue surged 55 percent to ₹9,968 crore, year-on-year.

Credit: Tata Power

Wipro

Completed acquisition of the Australia-based Ampion, which offers cyber security, DevOps and other engineering services.

Credit: Wipro

Bank of Baroda

Sprung back to black with a net profit of ₹1,281 crore in the June 2021 quarter as against a loss of ₹864 crore a year ago. Net interest income rose to ₹7,892 crore from ₹6,816 crore, year-on-year.

Credit: Bank of Baroda

Adani Enterprises

Incorporated a wholly-owned subsidiary, Noida Data Center, to develop, operate and maintain the business of data centres and other cloud services.

Credit: Adani Enterprises

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