Stocks in focus today: The recent drift in the global indices is putting pressure now and the negative tone is likely to continue. On the index front, the breakdown of the trend line support further added to the negativity but the existence of support at 19,300 capped the downside. Adani Power, SBI, M&M, Zomato, Adani Enterprises, Axiscades Technologies, Tatva Chintan Pharma among stocks in news on Thursday, August 4, 2023.
Adani Enterprises reported an operating margin of 9.92 per cent in Q1 against 4.27 per cent in the year-ago period. The figure stood at 11.44 per cent in the March quarter.
The company's total income fell sharply on a year-on-year (YoY) basis. Total income, which includes revenue from operations and other income, came at Rs 25,809.94 crore in Q1 FY24, down 37.15 per cent from Rs 41,066.43 crore in the year-ago period. Income slipped by 18.62 per cent quarter-on-quarter (QoQ).