The Indian stock market may open flat today as investors react to the US decision to raise tariffs on Indian goods to 50%. The move could impact trade and weigh on stock sentiment. Meanwhile, several major companies have reported their earnings for the April–June quarter. Here are the stocks making headlines for today.
Stocks to Watch Today
Jindal Stainless
Jindal Stainless made Rs 10,207 crore in revenue this quarter, up from Rs 9,430 crore last year. Its profit also went up to Rs 715 crore from Rs 646 crore.
Bharat Forge
Bharat Forge signed a deal to transfer its defence business to its subsidiary, Kalyani Strategic Systems, for Rs 453.3 crore. The two companies also signed an agreement to share intellectual property rights.
IRCON International
IRCON International saw a 21.9% drop in revenue, earning Rs 1,786.3 crore this quarter versus Rs 2,287.1 crore last year. Its net profit also fell to Rs 164.1 crore from Rs 224 crore.
Bajaj Auto
Bajaj Auto increased its revenue by 10% to Rs 13,123.35 crore in the quarter. It also raised its net profit to Rs 2,210.44 crore from Rs 1,941.79 crore a year earlier.
Raymond
Raymond raised its revenue to Rs 524 crore, a 17% increase from Rs 450 crore last year. However, its profit slipped to Rs 21 crore, down from Rs 23 crore.
