Last Updated:
Stocks To Watch Today, August 7: The Gift Nifty futures were trading lower by 67.5 points at 24,562.5, indicating a weak opening on August 7.
Stocks To Watch Today, August 7.
Stocks To Watch Today, August 7: After two days of fall, the domestic equity markets are preparing for another session today. The session comes after US President Donald Trump imposed an additional 25% tariff on Indian exports. The Gift Nifty futures were trading lower by 67.5 points at 24,562.5, indicating a weak opening on August 7.
Q1 Results Today
Quarterly results for August 7 will be released by Apollo Tyres, Edelweiss Financial Services, Emcure Pharmaceuticals, Kalpataru Projects International, CE Info Systems, Metropolis Healthcare, Page Industries, Birlasoft, Data Patterns (India), Hindustan Petroleum Corporation, Godrej Consumer Products, General Insurance Corporation of India, Aegis Logistics, Indigo Paints, Life Insurance Corporation of India, Kalyan Jewellers India, Bajaj Electricals, Medi Assist Healthcare Services, Aegis Vopak Terminals, Titan Company, Ramco Cements, Shree Renuka Sugars, National Aluminium Company, Sai Life Sciences, Cummins India, Global Health, and Biocon.
Latest Q1 Earnings
Hero MotoCorp posted a slight uptick in profit, up 0.3% YoY to Rs 1,125.7 crore, while revenue dipped 5.6% to Rs 9,578.9 crore.
Trent reported a profit increase of 8.6% YoY to Rs 424.7 crore and revenue rose 19% to Rs 4,883.5 crore.
Fortis Healthcare saw its profit climb 53.3% YoY to Rs 266.8 crore, with revenue up 16.6% at Rs 2,166.7 crore.
Raymond’s profit dropped 8.8% YoY to Rs 20.6 crore, though revenue increased 16.6% to Rs 524.3 crore.
Datamatics Global Services posted a 15.8% YoY profit rise to Rs 50.4 crore, with revenue up 18.7% at Rs 467.6 crore.
Kirloskar Oil Engines reported a 10.9% YoY decline in profit to Rs 141.9 crore, while revenue rose 8.1% to Rs 1,763.8 crore.
Bajaj Holdings & Investment saw profit soar 116.5% YoY to Rs 3,486.5 crore, while revenue more than doubled to Rs 324.7 crore.
Prince Pipes and Fittings posted an 80.5% drop in profit YoY to Rs 4.8 crore, with revenue down 4% at Rs 580.4 crore.
Housing & Urban Development Corporation reported a 13% YoY profit increase to Rs 630.2 crore, while net interest income jumped 32.6% to Rs 961 crore.
Gujarat Narmada Valley Fertilizers & Chemicals saw profit fall 29.7% YoY to Rs 83 crore and revenue decline 20.8% to Rs 1,601 crore.
Lumax Industries posted a 5.9% YoY profit increase to Rs 36.2 crore, and revenue surged 20.5% to Rs 922.5 crore.
Jindal Stainless reported a 10.2% YoY profit increase to Rs 714.2 crore, while revenue rose 8.2% to Rs 10,207.1 crore.
Raymond Lifestyle narrowed its loss to Rs 19.8 crore from Rs 23.2 crore, while revenue rose 17.2% YoY to Rs 1,430.4 crore.
VIP Industries posted a loss of Rs 13.1 crore compared to a profit of Rs 4.04 crore YoY. Revenue dropped 12.1% to Rs 561.4 crore.
Bharat Heavy Electricals reported a widened loss of Rs 455.5 crore compared to Rs 211.4 crore YoY. Revenue stayed largely flat at Rs 5,486.9 crore.
IRCON International‘s profit fell 26.5% YoY to Rs 164.6 crore, with revenue down 21.9% to Rs 1,786.3 crore.
Sula Vineyards saw profit slump 86.7% YoY to Rs 1.94 crore, while revenue declined 7.9% to Rs 118.3 crore.
Stocks to Watch
Eternal is in focus after reports indicated that Antfin Singapore Holding Pte Ltd plans to offload its entire stake (18.84 crore shares) in the company, valued at Rs 5,375 crore through a block deal at a floor price of Rs 285 per share.
Bharat Forge has entered into a Business Transfer Agreement with subsidiary Kalyani Strategic Systems for the transfer of its defence business worth Rs 453.3 crore. An IP Rights Licensing Agreement has also been signed between the two.
Hindustan Copper has inked a Memorandum of Understanding with GAIL (India) for joint participation in auctions and development of copper and critical mineral blocks.
CreditAccess Grameen has named Ganesh Narayanan as its new MD & CEO, with Udaya Kumar Hebbar appointed as Non-Executive (Nominee) Director following RBI’s approval.
Bulk Deals
Adani Energy Solutions saw Envestcom Holding RSC sell 2.19 crore shares (1.83% stake) at Rs 790 apiece, amounting to Rs 1,736.7 crore. The seller held 2.68% at the end of June.
Tube Investments of India shares worth Rs 312.3 crore were acquired by Motilal Oswal Mutual Fund, which picked up 10.7 lakh shares at Rs 2,919.02 apiece.
Laxmi India Finance witnessed BofA Securities Europe SA selling 2.6 lakh shares at Rs 125.01 per share.
Spandana Sphoorty Financial saw ACM Global Fund VCC acquire 1.38 lakh shares at Rs 9.95 per share.
MVK Agro Food Product reported trading activity with Wallfort PMS & Advisory Services LLP selling 1.2 lakh shares at Rs 250.05 apiece. Meanwhile, Tushar Bherulal Tepan and Nikesh Agro Farms and Infrastructure acquired 84,000 and 99,600 shares respectively.
Block Deals
Bikaji Foods International’s promoters, Deepak Agarwal and Shiv Ratan Agarwal, offloaded 25 lakh shares (0.99% stake) at Rs 732 each. Buyers included ICICI Prudential Life Insurance, Tata MF, HDFC Life, Aditya Birla Sun Life MF, and Alphamine Absolute Return Fund.
SME IPO Listings on August 7
New SME listings debuting today include Cash Ur Drive Marketing and Renol Polychem.
On Wednesday, the 30-share BSE Sensex fell 166.26 points or 0.21 per cent to settle at 80,543.99 with 18 of its constituents ending lower and 12 with gains. During the day, it declined 261.43 points or 0.32 per cent to hit a low of 80,448.82. The 50-share NSE Nifty dipped 75.35 points or 0.31 per cent to close at 24,574.20. In the intraday session, the index decreased 110.35 points or 0.44 per cent to hit a low of 24,539.20.
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More
view comments
Read More