IRCTC, Tata Steel, Hero MotoCorp and other top stocks to watch out for on August 13

Aug 13, 2021

By: Rounak Jain

IRCTC

Bounced back in the black with a net profit of ₹83 crore in the June quarter, while revenue jumped 85 percent to ₹243 crore, year-on-year.

Credit: IRCTC

IRCTC

Its board has recommended a stock split of each equity share in five, pursuant to approval by the Ministry of Railways and shareholders.

Credit: IRCTC

Tata Steel

Reported a strong rebound in the June quarter with a profit of ₹9,768 crore, as against a loss of ₹4,648 crore a year ago.

Credit: Tata-Steel

Tata Steel

Revenue more than doubled to ₹53,372 crore. Its June quarter profit was higher than the profit of the entire FY21, the company said.

Credit: Tata-Steel

Hero MotoCorp

Net profit jumped six times to ₹365 crore in the June quarter, while revenue surged 85 percent to ₹5,487 crore. It sold 10.25 lakh units of two wheelers in the quarter, up by 81 percent year-on-year.

Credit: Hero-MotoCorp

Aviation stocks

Civil aviation ministry has reportedly increased the maximum and minimum domestic airfare by 12.5 percent each.

Credit: BCCL

Earnings today

ONGC, Bharat Dynamics, Apollo Hospitals Enterprise, Star Cement, Indraprastha Gas, Borosil, Burger King India, Glenmark Pharmaceuticals, Bayer Cropscience, Kaveri Seed Company, among others.

Credit: Pixabay

IPO Watch

CarTrade Tech subscribed 20.29 times, Aptus Value Housing Finance subscribed 17.2 times, Nuvoco Vistas subscribed 1.7 times and Chemplast Sanmar subscribed 2.2 times at the end of day 3.

Credit: Flickr

Coal India

Plans to increase the price of coal and has received approval from its stakeholders. Expects production to be marginally lower at 640 million tonnes versus targeted 670 million tonnes, at the end of March 2021.

Credit: BCCL

Tata Power

Its subsidiary has bagged an order worth ₹386 crore for a solar project in Leh, Ladakh.

Credit: Tata-Power

SaaS firm RateGain’s IPO opens tomorrow — should you invest?