Stocks in news: ITC, IndiGo, Grasim, Power Grid, Nykaa, Gland Pharma

Equity markets remained volatile for another session on Wednesday but ended with modest gains. In today's trade, shares of ITC, IndiGo, Grasim, Power Grid, Nykaa, Gland Pharma among others will be in focus due to various news developments and quarterly earnings.

ITC, IndiGo, Honasa, Tata Investment
Shares of ITC, IndiGo, Honasa and Tata Investment will be in focus as the companies will announce their fourth quarter results today.

Power Grid
State-owned Power Grid reported a nearly 4% dip in its consolidated net profit to Rs 4,166 crore in the March 2024 quarter, mainly due to a marginal decline in income.


Read more: Here's the trade setup for today's session

Grasim
Grasim Ltd, part of the Aditya Birla Group, reported 39% growth in its consolidated net profit (excluding exceptional item) at Rs 1,908 crore for the quarter ended March 2024.

Apollo Tyres
Warburg Pincus, through its subsidiary White Iris Investment, has sold its entire stake in Apollo Tyres through block deals on Wednesday.

Oil India
Oil India has signed an agreement with Numaligarh Refinery for transportation of additional petroleum products through Numaligarh-Siliguri product pipeline.

Metro Brands
Metro Brands reported net profit of Rs 155 crore for the January-March 2024 period. Revenue from operations stood at Rs 583 crore.

Gland Pharma
Gland Pharma posted a net profit of Rs 192 crore in the March quarter. Revenue from operations came in at Rs 1,537 crore.

Torrent Power
Torrent Power posted a net profit of Rs 447 crore in the January-March 2024 quarter. Revenue from operations came in at Rs 6,529 crore.

Nykaa
FSN E-Commerce Ventures, which operates beauty and fashion retailer Nykaa, reported an 187% jump in its consolidated net profit at Rs 6.9 crore (attributable to shareholders) during the fourth quarter.

Jubilant Foods
Jubilant Foods reported a net profit of Rs 207 crore in the fourth quarter. Revenue from operations stood at Rs 1,572 crore.