The stock market saw a quiet session on Wednesday, closing slightly lower as part of an ongoing consolidation phase. Today, several stocks, including RBL Bank, Adani Green, Nestle, Tech Mahindra, L&T, and VST Industries, will be in the spotlight due to various news developments and quarterly results.
Key Companies Reporting Results Today
- Adani Green: Announcing Q1 results
- Nestle: Announcing Q1 results
- DLF: Announcing Q1 results
- Tech Mahindra: Announcing Q1 results
- Canara Bank: Announcing Q1 results
VST Industries
Radhakishan Damani, through his entity Derive Trading, sold part of his stake in VST Industries, a tobacco company, via bulk deals on Wednesday.
Larsen and Toubro (L&T)
L&T reported a 12% year-on-year increase in its consolidated net profit, reaching Rs 2,786 crore.
Axis Bank
Axis Bank reported a standalone net profit of Rs 6,035 crore for the quarter ending June 30, 2024, a 4% increase year-on-year.
SBI Life
SBI Life Insurance reported a standalone net profit of Rs 520 crore for the first quarter of 2024, marking a 36% growth year-on-year.
CMS Info Systems
CMS Info Systems posted a net profit of Rs 91 crore for the June quarter, with revenue from operations at Rs 599 crore.
Dish TV
The Board of Dish TV approved raising up to Rs 1,000 crore through shares and bonds.
Jindal Steel
Jindal Steel reported a net profit of Rs 1,338 crore in the first quarter, with revenue from operations at Rs 13,617 crore.
RBL Bank
Reports suggest that Maple II BV is planning to sell its entire stake in RBL Bank through block deals.
These developments are expected to influence the trading session today.
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