Stock Radar: Infosys, SBI, Britannia Industries, Titan, Divis Lab, JK Tyres and others in focus

Many firms will be in focus on account of their earnings show for the quarter ended June.

Here’s a quick look at stocks likely to be in focus in Monday's trade, covering quarterly earnings, order wins, and acquisitions announced by companies after market hours on Friday:

Infosys: Infosys said the Directorate General of Goods and Services Tax Intelligence (DGGI) is closing the pre-show cause notice proceedings for the financial year 2017-2018 worth Rs 3,898 crore. On July 31, India’s second-largest IT company received a demand for alleged tax evasion of over Rs 32,000 crore from the DGGI.

State Bank of India: SBI reported around a 1 percent rise in its net profit to Rs 17,035.16 crore in the first quarter of the current financial year. On a sequential basis, net profit fell 17.7 percent. The gross non-performing assets (NPA) ratio of the bank stood at 2.21 percent as of June 30, as compared to 2.24 percent as of March 31, and 2.76 percent on June 30, 2023.

Titan: Jeweller and watchmaker Titan Ltd said its standalone net profit fell by 1 percent to Rs 770 crore in the June quarter as compared to Rs 777 crore in the year-ago period as higher gold prices deterred demand.

Britannia Industries: The Indian biscuit maker Britannia Industries on reported a consolidated net profit of Rs 524 crore for the June quarter, a growth of 14.5 percent from the same quarter of the previous financial year at Rs 458 crores.

Bank of India: Public sector lender Bank of India reported a 10 percent rise in its net profit to Rs 1,702.7 crore in the first quarter of the current financial year, compared to Rs 1,551 crore in the same quarter last year.

Amara Raja Energy: Amara Raja Energy & Mobility, a comprehensive solutions provider in the Energy & Mobility space, on August 3 reported a 25.6 percent increase in consolidated profit after tax at Rs 249.12 crore in the first quarter ended June 30, 2024.

Divis Lab: Pharma giant Divis Labs on August 3, declared 21 percent year-on-year rise in net profit to Rs 430 crore in the first quarter of FY25. Its revenue from operations grew 19 percent to Rs 2,118 crore, up from Rs 1,778 crore. The company's net profit in the same quarter last year stood at Rs 356 crore.

JK Tyre & Industries: JK Tyre & Industries reported a 37 per cent year-on-year increase in consolidated net profit at Rs 211 crore in the first quarter ended June 30, 2024. The tyre maker has reported a net profit of Rs 154 crore for the April-June quarter of last fiscal.

Tamilnad Mercantile Bank: Tamilnad Mercantile Bank recorded a 9.97 per cent rise in its net profit for the April-June 2024 quarter at Rs 287.29 crore on account of rise in interest income. The Tamil Nadu-based bank had registered a net profit of Rs 261.23 crore during the corresponding quarter of last year.

Ambuja Cements: Adani Group-owned Ambuja Cements Limited, part of the diversified Adani Portfolio, on August 3 announced its first venture in Bihar, marking the largest investment in the state by a cement industry player. The Warisaliganj Cement grinding unit, a standalone facility with an overall capacity of 6 MTPA, will be established at an investment of nearly Rs. 1,600 crore.

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