Stocks in news: L&T, Asian Paints, IndusInd Bank, RailTel, Mazagon Dock

Markets remained under pressure and declined over half a percent, extending the ongoing corrective phase. In today's trade, shares of L&T, Asian Paints, IndusInd Bank, RailTel, Mazagon Dock among others will be in focus due to first quarter results.

L&T, Asian Paints, NTPC, Varun Beverages
Shares of L&T, Asian Paints, NTPC and Varun Beverages will be in focus as the companies will announce their first quarter results.

Mazagon Dock share
State-run defence shipbuilder Mazagon Dock Shipbuilders reported a 35% year-on-year (YoY) decline in consolidated net profit for the June quarter at Rs 452 crore, compared to Rs 696 crore in Q1FY25.


Waaree Energies share
Waaree Energies (ATG) reported an 89% surge in its Q1 consolidated net profit at Rs 745 crore versus Rs 394 crore in the year ago period.

IndusInd Bank share
IndusInd Bank reported a 72% year-on-year fall in its consolidated net profit for the June quarter at Rs 604 crore, compared to Rs 2,171 crore in the year-ago period.

GAIL
Gas distributor GAIL (India) posted a bigger-than-expected fall in quarterly profit on Monday, as higher raw material costs weighed on stable demand.

RailTel
RailTel Corp reported a 36% growth in its Q1 net profit to Rs 66 crore versus Rs 49 crore in the year ago period.