Vodafone Idea, SpiceJet, Adani Group and other stocks to watch out for on July 1

Jul 1, 2021

By: Rounak Jain

Credit: BCCL

Vodafone Idea

Reported a net loss of ₹7,023 crore in the March 2021 quarter, as against a loss of ₹4,532 crore in the December 2020 quarter, and ₹11,643 crore in the March 2020 quarter.

Credit: BCCL

Material uncertainty exists

Vodafone Idea also stated that material uncertainty about its ability to continue as a ‘Going Concern’ exists. Its average revenue per user also declined to ₹107 from ₹121 in the previous quarter, on account of removal of interconnect usage charges.

Credit: Vodafone Idea


Reported a net loss of ₹235 crore in the March 2021 quarter as against ₹807 crore a year ago. It has announced a fundraising of ₹2,500 crore to fund its operations and ensure long-term growth.

Credit: SpiceJet

Adani Group

Group chairman Gautam Adani said that it has achieved its 25GW renewable energy capacity target four years ahead of schedule. It said it plans to double its solar cell and module manufacturing capacity to 4GW.

Credit: Adani Group

Dr. Reddy's Laboratories

Entered into an agreement with Journey Medical to develop and sell DFD-29, a drug used in the treatment of Rosacea.

Credit: Dr. Reddy's Laboratories

Indian Oil Corporation

Received approval for implementation of styrene monomer project at an estimated cost of ₹4,495 crore, with a manufacturing capacity of 3.87 lakh metric tonne per annum.

Credit: Indian Oil Corporation

Piramal Enterprises

Its board will meet on July 5 to consider issuing non-convertible debentures worth ₹50 crore, with an oversubscription option up to ₹585 crore, on a private placement basis.

Credit: Piramal Enterprises

Union Bank of India

Approved fundraising of ₹9,700 crore via a mix of debt and equity – ₹6,200 crore via debt and ₹3,500 crore via equity.

Credit: Union Bank of India

Dish TV

Reported a net loss of ₹1,415 crore in the March 2021 quarter as against a net loss of ₹1,456 crore a year ago. Revenue declined to ₹751 crore against ₹869 crore, year-on-year.

Credit: Dish TV

Reliance Industries, IRCTC, Cipla, Dr. Reddy’s and other stocks to watch out for on June 30