Stocks In News

Bata India: India:Leading shoemaker is working on portfolio changes towards casuals and sneakers as part of its business growth plans and channel expansion through franchise.

Aurobindo Pharma:The drug firm reported a 1.68 per cent decline in its consolidated net profit to Rs 769.97 crore for the quarter ended on June 30, 2021, mainly on account of reduction in expenses. The company had posted a net profit of Rs 783.16 crore for the corresponding period of the previous fiscal.

Hero Motocorp:The country’s largest two-wheeler maker said its consolidated net profit surged over four-folds to Rs 256 crore for the first quarter ended June 30, riding on the back of robust sales during the period. The company had reported a consolidated net profit of Rs 58 crore in the April-June quarter of 2020-21 fiscal.

NMDC:The state-owned miner posted an over six-fold jump in its consolidated net profit to Rs 3,191.30 crore in the first quarter ended June, mainly on account of higher income. The company had reported a net profit of Rs 531.35 crore in the same period a year ago.

Tata Steel: The Tata group’s steel producer posted a consolidated net profit of Rs 9,768.34 crore for June quarter 2021-22. In the year-ago period, the company incurred a net loss of Rs 4,648.13 crore

Future group stocks:Promoters, including Kishore Biyani and several group holding companies, have approached the Supreme Court against an order passed by the Delhi High Court directing to enforce the order of the Singapore-based Emergency Arbitrator.