These 5 large-cap stocks are in the news on August 8
Let's find out why these 5 large caps are in the news on Monday.
Titan Company Ltd: On a consolidated basis, for the quarter under review the company reported sales of Rs 8975 crore, a jump of 198.77% from the sales of Rs 3004 crore reported in the same quarter the previous year. The net profit climbed by 4288.89% and stood at Rs 790 crore as compared to Rs 18 crore reported in Q1FY22. Today at 10:15 am, the scrip is trading at Rs 2446.05, an increase of 0.55%.
NMDC Ltd: On a consolidated basis, the company has reported a fall of 54.01% in its net profit at Rs 1467.78 crore for the June quarter as compared to Rs 3919.45 crore for the same quarter last year. Moreover, the total sales of the company also decreased by 26.80% to Rs 4767.07 crore for the current as compared to Rs 6512.21 crore for the same quarter last year. Today at 10:15 am, the scrip is trading at Rs 113.20, an increase of 1.89%.
Marico Ltd: On a consolidated basis, the company has reported a gain of 3.29% in its net profit at Rs 377 crore for Q1FY23 as compared to Rs 365 crore reported in Q1FY22. The total sales of the company climbed by 1.31% to Rs 2558 crore for the quarter under review as compared to Rs 2525 crore reported in the same quarter the previous year. Today at 10:15 am, the scrip is trading at Rs 524.80, an increase of 1.01%.
Axis Bank Ltd: The bank has terminated a share purchase agreement with OpenPayd Holdings, for the sale of a 100% stake in Axis Bank UK, a subsidiary of the Bank. Now the bank is going to wind up the process of Axis Bank UK. Today at 10:15 am, the scrip is trading at Rs 33.95, an increase of 0.78%.
Maruti Suzuki India: The company is working towards increasing its production and aims to manufacture 20 lakh units in the ongoing fiscal (FY23) as the availability of semiconductors has improved. The upcoming mid-sized SUV Grand Vitara will play a key role in the challenge to touch 20 lakh units. In 2021-22, total sales of the company increased by 13.4% to 16.52 lakh units. Today at 10:15 am, the scrip is trading at Rs 8909.30, an increase of 0.89%.
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