Stocks in news: Patanjali Foods, Tata Elxsi, Amara Raja, ONGC and more

Benchmark indices opened higher on Tuesday. Sensex gained 325 pts to 66,915 and Nifty rose 86 pts to 19,797 amid a rally in the global markets.

Here’s a look at stocks that are likely to remain in news today.

Earnings today  

Shares of IndusInd Bank, ICICI Pru Life, Polycab, and L&T Tech are in focus today as the companies will announce their June quarter earnings.

Sheela Foam 

Sheela Foam, the owner of popular ‘Sleepwell’ brand, said it would buy a majority stake in Kurlon Enterprises that owns “Kurl-On” brand for Rs 2,035 crore.

Tata Elxsi 

Tata Elxsi reported a 2% rise in net profit at Rs 189 crore for the first quarter ended June. Revenue from operations rose 17% during the period.

Patanjali Foods 

Florida-based GQG Partners has invested over Rs 2,400 crore in Baba Ramdev-led FMCG company Patanjali Foods.

LTIMindtree 

LTIMindtree reported a 4% rise in consolidated net profit to Rs 1,151 crore for the quarter ended June 2023.

Amara Raja Batteries 

Clarios ARBL Holdings will likely sell its entire stake in Amara Raja Batteries via block deal, according to reports.

RPP Infra 

The company has received a letter of acceptance for a new project in hamirpur district, Himachal Pradesh at a cost Rs 138 crore.

HPCL  

India's gasoline demand is likely to recover from late August, while diesel consumption is expected to stay weak, the company said.

ONGC 

The company said it plans to make 8,000 to 10,000 BPD from the east coast block in the second half of the current fiscal.

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Also read: IndusInd Bank Q1 results today. Earnings preview, share price target & more