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

Aug 5, 2021

By: Rounak Jain

Vodafone Idea

Days after offering his 27 percent stake to the government, Kumar Mangalam Birla has stepped down as the non-executive director and chairman of the board.

Credit: BCCL

Vodafone Idea

The company’s shares have fallen by 31 percent in the span of just two days.

Credit: Vodafone-Idea

Titan Company

Sprung back in the black with a net profit of ₹61 crore in the June quarter, compared to a loss of ₹270 crore last year. Revenue surged 75 percent to ₹3,249 crore in the same period.

Credit: Titan-Company

Reliance Industries

To double its PET recycling capacity by setting up a recycled polyester staple fibre manufacturing facility in Andhra Pradesh. PET is commonly used for packaging food and beverages, including cold drinks and water.

Credit: BCCL

Earnings today

Adani Power, Cipla, GAIL India, Indiabulls Housing Finance, Birla Corporation, Ipca Laboratories, Bajaj Consumer Care, Jubilant Industries, Honeywell Automation India, among others.

Credit: Pixabay

IPO Watch

All the four IPOs that opened on August 4 have been oversubscribed.

Credit: Flickr

Adani Total Gas

Its June quarter net profit tripled to ₹138 crore from ₹46 crore a year ago, as sales volume doubled to 140 million metric standard cubic metres.

Credit: Adani-Total-Gas

Ion Exchange India

Bagged a contract worth ₹357 crore from Indian Oil Corporation to design and install effluent treatment plant in Paradip, Odisha.

Credit: Ion-Exchange-India

Greenply Industries

To set up a greenfield manufacturing plant in Gujarat at an outlay of ₹548 crore to manufacture medium density fibre boards.

Credit: Greenply-Industries

Apollo Tyres

Posted a net profit of ₹128 crore in the June quarter as against a loss of ₹135 crore a year ago. Revenue surged 59 percent to ₹4,584 crore as the company said it has adapted to the ‘new way of working’ in the pandemic.

Credit: BCCL

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