Stocks to Keep an Eye on Today: LIC, BSE, SBI, Tata Motors, Voltas, Kalyan, Biocon in Spotlight on August 8
Following strong short-covering in the final hour of yesterday’s Nifty weekly expiry session, Indian stock markets are set to begin trading today for the week’s last session.
Stocks in Focus – August 8:
After witnessing a sharp recovery driven by short-covering in the closing hour of the previous session, Indian equity markets are gearing up for the final trading day of the week. Gift Nifty futures are currently trading about 50 points lower, signalling a soft start to the session on August 8. Here’s a list of stocks to watch during today’s market action:
Q1 Results to be Declared Today:
- 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
- Wockhardt
Latest Announced Q1 Results:
- Titan Company (Consolidated YoY): Net profit rose 52.6% to ₹1,091 crore, with revenue up 24.6% to ₹16,523 crore.
- LIC (Consolidated YoY): Profit grew 3.9% to ₹10,957 crore, premium income increased 4.7% to ₹1,19,618.4 crore, and VNB surged 20.75% to ₹1,944 crore. Margin improved to 15.4%.
- Biocon (Consolidated YoY): Profit declined sharply by 95.2% to ₹31.4 crore despite a 14.8% jump in revenue to ₹3,941.9 crore. The company is acquiring 26% in Pro-zeal Green Power Sixteen.
- GIC Re (Consolidated YoY): Profit surged 80.7% to ₹2,530.6 crore; net premium rose 11.6% to ₹11,274 crore.
- Cummins India (Standalone YoY): Profit rose 40.4% to ₹589.3 crore, revenue increased 26.2% to ₹2,906.8 crore.
- BSE (Consolidated YoY): Net profit more than doubled to ₹539.4 crore, revenue jumped 59.2% to ₹958.4 crore.
- HPCL (Consolidated YoY): Profit spiked 548.5% to ₹4,110.9 crore, while revenue dipped 2.7% to ₹1.1 lakh crore.
- KRBL (Consolidated YoY): Profit increased 74% to ₹150.6 crore; revenue went up 32.1% to ₹1,584.4 crore.
- Schneider Electric Infra (YoY): Profit dipped 14.9% to ₹41.2 crore; revenue grew 4.8% to ₹621.6 crore.
- Linde India (Consolidated YoY): Profit declined 5.7% to ₹107.2 crore; revenue fell 12.6% to ₹571.1 crore.
- Metropolis Healthcare (Consolidated YoY): Profit grew 18.7% to ₹45.1 crore, revenue expanded 23.2% to ₹386.1 crore.
- GSFC (Consolidated YoY): Profit climbed 58.7% to ₹138.6 crore; revenue was slightly higher at ₹2,184.4 crore.
- Sun TV Network (Consolidated YoY): Profit fell 5.4% to ₹529.1 crore; revenue dropped 1.8% to ₹1,290.3 crore.
- Global Health (Consolidated YoY): Profit rose 49.6% to ₹159 crore; revenue up 19.7% to ₹1,030.8 crore.
- Medi Assist Healthcare Services (Consolidated YoY): Profit increased 19% to ₹22.4 crore; revenue up 13.6% to ₹190.6 crore.
- GMM Pfaudler (Consolidated YoY): Profit fell 52% to ₹11.2 crore; revenue nearly flat at ₹794.6 crore.
- Kalpataru Projects International (Consolidated YoY): Profit shot up 154.4% to ₹213.6 crore; revenue climbed 34.5% to ₹6,171.2 crore.
- Crompton Greaves Consumer Electricals (Consolidated YoY): Profit dropped 19.4% to ₹122.3 crore; revenue down 6.5% to ₹1,998.3 crore.
- Godrej Consumer Products (Consolidated YoY): Profit inched up 0.4% to ₹452.5 crore; revenue rose 9.9% to ₹3,661.9 crore.
- Kalyan Jewellers (Consolidated YoY): Profit grew 48.7% to ₹264.1 crore; revenue increased 31.5% to ₹7,268.5 crore.
- CE Info Systems (Consolidated YoY): Profit rose 28.7% to ₹46.1 crore; revenue up 19.8% to ₹121.6 crore.
- PTC India (Consolidated YoY): Profit increased 44.2% to ₹195 crore, though revenue fell 12% to ₹4,009.2 crore.
- Data Patterns (YoY): Profit dropped 22.2% to ₹25.5 crore; revenue down 4.6% to ₹99.3 crore.
- Indigo Paints (Consolidated YoY): Profit dipped 2.2% to ₹26 crore; revenue declined marginally to ₹308.9 crore.
- Ramco Cements (Consolidated YoY): Profit more than doubled by 131.2% to ₹84.6 crore; revenue slightly lower at ₹2,074 crore.
- Apollo Tyres (Consolidated YoY): Profit plunged 95.7% to ₹12.9 crore due to a ₹370.2 crore exceptional loss. Revenue rose 3.6% to ₹6,560.8 crore.
- NLC India (Consolidated YoY): Profit surged 42.6% to ₹797.6 crore; revenue climbed 13.2% to ₹3,825.6 crore.
Corporate Developments:
- Bharti Airtel:
Promoter Indian Continent Investment to sell a 0.8% stake via block deal worth ₹9,310 crore, with a floor price of ₹1,862 per share.
- AU Small Finance Bank:
RBI has given in-principle approval for converting into a universal bank.
- Zydus Lifesciences:
Received its first-ever Notice of Compliance from Health Canada for Varenicline tablets used to quit smoking.
- Piramal Pharma:
Fire at a third-party warehouse in Telangana impacted inventory valued at ₹45 crore. Investigation is ongoing.
Bulk Deals:
- Eternal (Zomato Parent):
Antfin Singapore Holding Pte offloaded 14.13 crore shares (1.46% stake) worth ₹4,096.7 crore at ₹289.91/share.
- Kotak Mahindra Bank:
Oppenheimer Funds Inc sold 1.03 crore shares (0.52% stake) at ₹1,965.2 each, worth ₹2,035.4 crore.
- Zinka Logistics (Blackbuck):
Ithan Creek Master Investors (Cayman) LPF sold 9.9 lakh shares (0.55% stake) at ₹540.54/share for ₹53.67 crore.
IPO Listing:
- Flysbs Aviation is set to list today on the SME platform.
