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Top stocks to watch out for on August 5: PSU banks, DHFL, ONGC, Nestle, Sun Pharma

Updated : 2019-08-05 08:00:13

Indian shares are likely to open lower amid continued selling by foreign investors and losses in global markets. Asian shares hit a two-month low after a trade war between the US and China has escalated last week. Foreign investors have withdrawn a net amount of Rs 2,881 crore from the Indian capital markets in the first two sessions of August. At 7.20 AM, the SGX Nifty futures traded 77 points, or 0.70 percent, lower at 10,938, indicating a negative start of the Sensex and the Nifty. Here are the top stocks to watch out for in today's trade:

DHFL: Deloitte has quit as the auditor of cash-strapped Dewan Housing Finance Ltd, reported PTI, citing sources. Communication regarding Deloitte quitting as DHFL's auditor has been sent to the Ministry of Corporate Affairs.
DHFL: Deloitte has quit as the auditor of cash-strapped Dewan Housing Finance Ltd, reported PTI, citing sources. Communication regarding Deloitte quitting as DHFL's auditor has been sent to the Ministry of Corporate Affairs.
The Reserve Bank has slapped penalties on nine commercial banks, including State bank of India, Punjab National Bank and Bank of Baroda, for a host of violations, including a delay on the reporting of fraud in the account of Kingfisher Airlines in case of two lenders. The other banks are Oriental Bank of Commerce, United Bank of India, Punjab & Sind Bank, Federal Bank, Corporation Bank, and UCO Bank, Allahabad Bank and Bank of Maharashtra. (Image: Reuters)
The Reserve Bank has slapped penalties on nine commercial banks, including State bank of India, Punjab National Bank and Bank of Baroda, for a host of violations, including a delay on the reporting of fraud in the account of Kingfisher Airlines in case of two lenders. The other banks are Oriental Bank of Commerce, United Bank of India, Punjab & Sind Bank, Federal Bank, Corporation Bank, and UCO Bank, Allahabad Bank and Bank of Maharashtra. (Image: Reuters)
Nestle: The board announced that the company will commence construction of its ninth factory in Gujarat for Maggi Noodles. The FMCG major reported an increase of 10.83 percent in net profit to Rs 437.84 crore. (Image: Reuters)
Nestle: The board announced that the company will commence construction of its ninth factory in Gujarat for Maggi Noodles. The FMCG major reported an increase of 10.83 percent in net profit to Rs 437.84 crore. (Image: Reuters)
Sun Pharma: The drug major on Saturday said it is discontinuing operations at two clinical pharmacology units in Vadodara (Gujarat) to bring in efficiencies in cost and processes. (Image: Reuters)
Sun Pharma: The drug major on Saturday said it is discontinuing operations at two clinical pharmacology units in Vadodara (Gujarat) to bring in efficiencies in cost and processes. (Image: Reuters)
LIC Housing Finance: Q1 consolidated net profit rose 7.39 percent to Rs 609.13 crore for the first quarter ended on June 30.
LIC Housing Finance: Q1 consolidated net profit rose 7.39 percent to Rs 609.13 crore for the first quarter ended on June 30.
Bata: Q1 profit rose 22.52 percent to Rs 100.97 crore for the June 2019 quarter. Revenue from operations during the quarter stood at Rs 882.75 crore, up 10.62 percent from last year.
Bata: Q1 profit rose 22.52 percent to Rs 100.97 crore for the June 2019 quarter. Revenue from operations during the quarter stood at Rs 882.75 crore, up 10.62 percent from last year.
DLF: The realty firm has settled Rs 3,100 crore amount payable to its joint venture with Singapore investment firm GIC by transferring Noida shopping mall and some land parcels.
DLF: The realty firm has settled Rs 3,100 crore amount payable to its joint venture with Singapore investment firm GIC by transferring Noida shopping mall and some land parcels.
ONGC: The Competition Commission of India has dismissed a complaint against ONGC alleging abuse of dominant position with regard to certain contractual provisions for hiring offshore support vessels. (Image: Reuters)
ONGC: The Competition Commission of India has dismissed a complaint against ONGC alleging abuse of dominant position with regard to certain contractual provisions for hiring offshore support vessels. (Image: Reuters)
Indian Overseas Bank: The Revenue Department has levied a penalty of Rs 10.4 lakh on it for a delay in filing certain threshold based reports. (Image: Company)
Indian Overseas Bank: The Revenue Department has levied a penalty of Rs 10.4 lakh on it for a delay in filing certain threshold based reports. (Image: Company)
Jet Airways: The deadline for submission of initial bids for Jet Airways has been extended to August 10. (Image: Reuters)
Jet Airways: The deadline for submission of initial bids for Jet Airways has been extended to August 10. (Image: Reuters)
NIIT Ltd: The board will meet on August 10 to consider a proposal for buyback of equity shares of the company. (Image: stock image)
NIIT Ltd: The board will meet on August 10 to consider a proposal for buyback of equity shares of the company. (Image: stock image)
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