Overnight digest: Stocks to watch out on July 1

Stocks to watch out on July 1 include Veto Switchgears & Cables, India Cements, Vimta Labs, Andhra Sugars and Ircon International. 

Veto Switchgears & Cables: The company declared its consolidated financial results for Q4FY21. Revenue from operations for the company grew by 66.73 per cent on a YoY basis. The net profit for Q4FY21 increased significantly to be Rs 4.59 crore in comparison with net profit of Rs 1.72 crore reported in Q4FY20. 

India Cements: The credit ratings for long-term bank facilities and short-term bank facilities were revised for the company by CARE Ratings Limited. For long-term bank facilities, the ratings were revised from CARE A -; Positive to CARE A; Positive and for short-term bank facilities, it was revised from CARE A2 + to CARE A1. 

Vimta Labs: The company announced a public private partnership between Vimta Labs and Food Safety & Standards Authority of India (FSSAI) to set, operate & transfer National Food Laboratory. 

Andhra Sugars: The board of directors recommended a dividend of Rs 10 per share on equity shares with a face value of Rs 10 each of the company for the year ending March 31, 2021. 

Ircon International: The company announced its consolidated financial results for Q4FY21. On QoQ basis, revenue from operations increased by 82 per cent standing at Rs 2,260.39 crore as against Rs 1,244.46 crore in Q3FY21. For Q4FY21, PAT was reported at Rs 185.33 crore as compared to Rs 103.14 crore in Q3FY21.