HomePhotos NewsMarket NewsStocks NewsTop stocks to watch out for on August 7: RIL, Fortis, DHFL, Tata Steel, DMart

Top stocks to watch out for on August 7: RIL, Fortis, DHFL, Tata Steel, DMart

SUMMARY

The BSE Sensex and NSE's Nifty 50 are likely to open lower on Wednesday ahead of the Reserve Bank of India’s monetary policy decision later in the day. According to a CNBC-TV18 poll, the central bank is likely to bring down the key repo rate by 25 basis points. Moreover, June quarter earnings and continued selling by FIIs may also weigh on Indian shares. Asian shares traded marginally higher after China took steps to stabilise yuan. Indian shares closed nearly 0.8 percent higher in the previous session led by value buying in financial and auto stocks. At 7.26 AM, the SGX Nifty futures traded 55 points, or 0.55 percent, lower at 10,907, indicating a negative start for the Sensex and the Nifty 50.

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By CNBCTV18August 8, 2019, 8:12:18 AM IST IST (Updated)

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Tata Steel: T S Global Holdings (TSGH), a Tata Steel unit, has terminated pact with HBIS Group to sell stake in South-East Asia business in Beijing, China. (Image: Reuters)

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Fortis Healthcare: Q1 net profit came in at Rs 78.01 crore mainly on account of robust growth in hospital and diagnostic verticals. The company had posted a net loss of Rs 52.80 crore in the year-ago period. (Image: Reuters)

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Reliance Industries: RIL and UK's BP plc have agreed to form a new joint venture to set up petrol pumps and retail aviation turbine fuel to airlines in India. (Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)

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Mitsubishi UFJ Financial Group has acquired significant stakes in several Indian firms, including Dr Reddy's, Tech Mahindra, Tata Global Beverages, Godrej Consumer, Marico and Cyient through the acquisition of entities that hold shares of the companies. (Image: Reuters)

JSW Energy
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JSW Energy: Q1 net profit rose 6.6 percent to Rs 244.38 crore mainly on the back of lower fuel and financial costs. Total income rose marginally to Rs 2,463.99 crore from Rs 2,427.87 crore a year ago. (Image: Company)

DHFL: Brickwork revised its rating on the firm's NCD, FD, others to BWR AA- from BWR AA. (Image: Reuters)
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DHFL: The NBFC defaulted on payment of three non-convertible debentures principal and interest aggregating to Rs 43.3 crore, which were due on Aug. 6. DHFL lenders are seeing its Rs 85,000-89,000 core asset book in three buckets, according to the people aware of the matter. (Image: Reuters)

JK Lakshmi Cement
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JK Lakshmi Cement: Q1 net profit rose multi-fold to Rs 53.75 crore from Rs 3.12 crore in the April-June quarter a year ago. Total income during the quarter rose 8.56 percent to Rs 1,141.92 crore (Image: Company)

DMArt
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Avenue Supermarts: Radhakishan Damani plans to sell 62.3 lakh shares to meet minimum public shareholdling norms, the company said. It issued commercial paper of Rs 50 crore.

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Thomas Cook India: Q1 net profit stood at Rs 20.73 crore compared to Rs 69.69 crore last year. Total income from operations stood at Rs 2,335.70 crore for the quarter under consideration. (Image: Reuters)

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Shree Renuka Sugars: Q1 net loss has narrowed to Rs 411.7 crore from Rs 1,189.1 crore in the year-ago period. The company said its wholly-owned subsidiary Shree Renuka Global Ventures Limited, Mauritius (SRGVL) has entered into an investment agreement with Freeway Trading Ltd, Seychelles (FTL).. (Image: Reuters)

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