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After a major short-covering during the last hour of yesterday’s Nifty weekly expiry session, the Indian equity markets prepares to open today for the last trading day of the week.
Stocks To Watch On August 8.
Stocks To Watch Today, August 8: After a major short-covering during the last hour of yesterday’s Nifty weekly expiry session, the Indian equity markets are preparing to open today for the last trading day of the week. The Gift Nifty futures are trading about 50 points lower, indicating a weak opening for the markets on August 8. Here’s stocks to watch out for in today’s trading session:
Q1 Results Today
Quarterly earnings are expected from Apeejay Surrendra Park Hotels, Afcons Infrastructure, Bombay Dyeing & Manufacturing Company, CE Info Systems, DOMS Industries, Equitas Small Finance Bank, ESAF Small Finance Bank, Gandhar Oil Refinery, Grasim Industries, Info Edge (India), Lemon Tree Hotels, Manappuram Finance, PG Electroplast, Siemens, State Bank of India, Tata Motors, TVS Supply Chain Solutions, Voltas, and Wockhardt.
Latest Q1 Earnings
Titan Company (Q1 Consolidated YoY): Profit increased by 52.6% to Rs 1,091 crore, while revenue rose 24.6% to Rs 16,523 crore.
Life Insurance Corporation of India (Q1 Consolidated YoY): Net profit climbed 3.9% to Rs 10,957 crore. Premium income rose 4.7% to Rs 1,19,618.4 crore. VNB jumped 20.75% to Rs 1,944 crore, with the margin improving to 15.4%.
Biocon (Q1 Consolidated YoY): Profit plunged 95.2% to Rs 31.4 crore despite a 14.8% revenue increase to Rs 3,941.9 crore. The company will acquire a 26% stake in Pro-zeal Green Power Sixteen.
General Insurance Corporation of India (Q1 Consolidated YoY): Profit surged 80.7% to Rs 2,530.6 crore, while net premium income rose 11.6% to Rs 11,274 crore.
Cummins India (Q1 Standalone YoY): Profit jumped 40.4% to Rs 589.3 crore, with revenue up 26.2% to Rs 2,906.8 crore.
BSE (Q1 Consolidated YoY): Profit more than doubled to Rs 539.4 crore, and revenue rose 59.2% to Rs 958.4 crore.
Hindustan Petroleum Corporation (Consolidated YoY): Profit soared 548.5% to Rs 4,110.9 crore, though revenue declined 2.7% to Rs 1.1 lakh crore.
KRBL (Q1 Consolidated YoY): Profit jumped 74% to Rs 150.6 crore on a 32.1% rise in revenue to Rs 1,584.4 crore.
Schneider Electric Infrastructure (Q1 YoY): Profit declined 14.9% to Rs 41.2 crore, though revenue rose 4.8% to Rs 621.6 crore.
Linde India (Q1 Consolidated YoY): Profit slipped 5.7% to Rs 107.2 crore, with revenue down 12.6% to Rs 571.1 crore.
Metropolis Healthcare (Q1 Consolidated YoY): Profit rose 18.7% to Rs 45.1 crore, and revenue grew 23.2% to Rs 386.1 crore.
Gujarat State Fertilizers & Chemicals (Q1 Consolidated YoY): Profit climbed 58.7% to Rs 138.6 crore on slightly higher revenue of Rs 2,184.4 crore.
Sun TV Network (Q1 Consolidated YoY): Profit fell 5.4% to Rs 529.1 crore, and revenue dipped 1.8% to Rs 1,290.3 crore.
Global Health (Q1 Consolidated YoY): Profit increased 49.6% to Rs 159 crore, with revenue up 19.7% at Rs 1,030.8 crore.
Medi Assist Healthcare Services (Q1 Consolidated YoY): Profit rose 19% to Rs 22.4 crore, while revenue climbed 13.6% to Rs 190.6 crore.
GMM Pfaudler (Q1 Consolidated YoY): Profit declined 52% to Rs 11.2 crore, while revenue remained nearly flat at Rs 794.6 crore.
Kalpataru Projects International (Q1 Consolidated YoY): Profit surged 154.4% to Rs 213.6 crore, and revenue jumped 34.5% to Rs 6,171.2 crore.
Crompton Greaves Consumer Electricals (Q1 Consolidated YoY): Profit declined 19.4% to Rs 122.3 crore and revenue dropped 6.5% to Rs 1,998.3 crore.
Godrej Consumer Products (Q1 Consolidated YoY): Profit inched up 0.4% to Rs 452.5 crore, with a 9.9% rise in revenue to Rs 3,661.9 crore.
Kalyan Jewellers (Q1 Consolidated YoY): Profit increased 48.7% to Rs 264.1 crore, while revenue jumped 31.5% to Rs 7,268.5 crore.
CE Info Systems (Q1 Consolidated YoY): Profit rose 28.7% to Rs 46.1 crore and revenue grew 19.8% to Rs 121.6 crore.
PTC India (Q1 Consolidated YoY): Profit increased 44.2% to Rs 195 crore, though revenue dropped 12% to Rs 4,009.2 crore.
Data Patterns (Q1 YoY): Profit declined 22.2% to Rs 25.5 crore; revenue fell 4.6% to Rs 99.3 crore.
Indigo Paints (Q1 Consolidated YoY): Profit dipped 2.2% to Rs 26 crore, while revenue dropped slightly to Rs 308.9 crore.
Ramco Cements (Q1 Consolidated YoY): Profit more than doubled, rising 131.2% to Rs 84.6 crore; revenue was slightly down at Rs 2,074 crore.
Apollo Tyres (Q1 Consolidated YoY): Profit tanked 95.7% to Rs 12.9 crore due to a Rs 370.2 crore exceptional loss. Revenue rose 3.6% to Rs 6,560.8 crore.
NLC India (Q1 Consolidated YoY): Profit surged 42.6% to Rs 797.6 crore; revenue increased 13.2% to Rs 3,825.6 crore.
Corporate News:
Bharti Airtel
Promoter entity Indian Continent Investment is set to offload a 0.8% stake in a block deal worth around Rs 9,310 crore, with a floor price of Rs 1,862 per share, according to CNBC-TV18.
AU Small Finance Bank
The RBI has granted in-principle approval for its conversion into a universal bank.
Zydus Lifesciences
The company received its first-ever Notice of Compliance from Health Canada for Varenicline tablets used for smoking cessation.
Piramal Pharma
A fire broke out at a third-party warehouse in Telangana, affecting inventory worth an estimated Rs 45 crore. The incident is under investigation.
Bulk Deals
Eternal
Antfin Singapore Holding Pte, a former Alibaba affiliate, sold 14.13 crore shares (1.46% stake) in Eternal (Zomato’s parent) for Rs 4,096.7 crore at Rs 289.91 per share.
Kotak Mahindra Bank
Oppenheimer Funds Inc sold 1.03 crore shares (0.52% stake) at Rs 1,965.2 each, amounting to around Rs 2,035.4 crore.
Zinka Logistics Solutions
Ithan Creek Master Investors (Cayman) LPF sold 9.9 lakh shares (0.55% stake) at Rs 540.54 per share, worth Rs 53.67 crore.
IPO Listing Today
Flysbs Aviation is set to debut on the SME platform today.
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al…Read More
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al… Read More
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