Vodafone Idea, banks, RIL and other top stocks to watch out for on August 6

Aug 6, 2021

By: Rounak Jain

Credit: BCCL

Vodafone Idea

Indian government has tabled a bill to scrap retrospective tax, which could benefit Vodafone Group Plc., in the ongoing dispute of ₹22,100 crore.

Credit: BCCL

Vodafone Idea

While Vodafone has not paid the tax demand, there won’t be any refund, but the move is likely to inspire confidence among the beleaguered telco’s investors.

Credit: Vodafone Idea

Banks

Banks will be in focus ahead of the Reserve Bank of India’s bi-monthly monetary policy announcement.

Credit: Unsplash

Reliance Industries

Its subsidiary has invested ₹20 crore in Neolync Solutions, which manufactures mobile phones, telecom products and other computing devices.

Credit: Reliance Industries

Earnings today

Mahindra & Mahindra, Tata Power, National Aluminium, Torrent Power, Indigo Paints, Abbott India, MTAR Technologies, AU Small Finance Bank, Aarti Industries, among others.

Credit: Pixabay

Cipla

Its net profit in the June quarter rose 24 percent to ₹715 crore, while revenue surged 27 percent to ₹5,504 crore, year-on-year.

Credit: Cipla

Adani Power

Sprung back in the black in the June quarter with net profit of ₹278 crore as against a loss of ₹682 crore a year ago. Revenue up to ₹6,569 crore, a surge of over 26 percent, year-on-year.

Credit: Adani Power

Maruti Suzuki India

Production in July increased by 59 percent to 1,70,719 units against 1,07,687 units last year.

Credit: BCCL

Indiabulls Housing Finance

Reported a 3.3 percent rise in net profit in the June quarter to ₹282 crore, while net interest income grew 4.7 percent to ₹765 crore, year-on-year.

Credit: Indiabulls Housing Finance

Tata Chemicals

June quarter net profit jumped by nearly 5 times to ₹342 crore, while revenue increased by 27 percent to ₹2,977 crore, year-on-year.

Credit: Tata Chemicals

Vodafone Idea, Titan, RIL and other top stocks to watch out for on August 5