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Top stocks to watch out for on August 8: IndiGo, Maruti Suzuki, Tata Steel, HCL Tech

Updated : 2019-08-08 08:07:17

Indian shares are likely to open flat on Thursday amid volatile trades in global markets and rising tensions between India and Pakistan. Asian shares traded mixed as easings by central banks stoked fears of global recession. BSE Sensex and NSE’s Nifty 50 fell in the previous session after the Reserve Bank of India cut the repo rate by 35 bps and lowered the GDP growth forecast. At 7:33 AM, the SGX Nifty futures traded 4 points, or 0.04 percent, higher at 10,869, indicating a flat start for the Sensex and the Nifty 50.

IndiGo: Independent director of InterGlobe Aviation, Anupam Khanna, has called for confidence-building measures to address tremendous trust deficit that has built up in the board.
IndiGo: Independent director of InterGlobe Aviation, Anupam Khanna, has called for confidence-building measures to address tremendous trust deficit that has built up in the board.
Tata Steel: Q1 net profit fell 64 percent to Rs 702 crore on account of weak demand and higher input costs. Tata Steel's consolidated total income during the April-June quarter increased to Rs 36,198.21 crore as against Rs 35,846.92 crore in the year-ago period. (Image: Reuters)
Tata Steel: Q1 net profit fell 64 percent to Rs 702 crore on account of weak demand and higher input costs. Tata Steel's consolidated total income during the April-June quarter increased to Rs 36,198.21 crore as against Rs 35,846.92 crore in the year-ago period. (Image: Reuters)
Maruti Suzuki: The car manufacturer cut its production in July by 25.15 percent, making it the sixth month in a row that the country's largest car maker reduced its output.  The company produced a total of 133,625 units in July, compared with 178,533 units in the year-ago month. (Image: Reuters)
Maruti Suzuki: The car manufacturer cut its production in July by 25.15 percent, making it the sixth month in a row that the country's largest car maker reduced its output.  The company produced a total of 133,625 units in July, compared with 178,533 units in the year-ago month. (Image: Reuters)
Mahindra and Mahindra: M&M plans to roll out a range of new electric vehicles. The company already has the electric version of its Verito sedan and it will bring out at least three more e-four wheelers in another two and half year, said MD Pawan Goenka. (Image: Reuters)
Mahindra and Mahindra: M&M plans to roll out a range of new electric vehicles. The company already has the electric version of its Verito sedan and it will bring out at least three more e-four wheelers in another two and half year, said MD Pawan Goenka. (Image: Reuters)
HCL Tech: Q1 net profit declined 8.2 percent to Rs 2,230 crore. Revenue from operations rose 18.3 percent to Rs 16,427 crore in the June quarter. The company has maintained its forecast of FY2020 revenue growth to be between 14-16 per cent in constant currency terms. (Image: Reuters)
HCL Tech: Q1 net profit declined 8.2 percent to Rs 2,230 crore. Revenue from operations rose 18.3 percent to Rs 16,427 crore in the June quarter. The company has maintained its forecast of FY2020 revenue growth to be between 14-16 per cent in constant currency terms. (Image: Reuters)
Tata Communications: Its scheme of arrangement for demerger of surplus land from the company to Hemisphere Properties India Ltd has received approval from the Ministry of Corporate Affairs. (Image: Company)
Tata Communications: Its scheme of arrangement for demerger of surplus land from the company to Hemisphere Properties India Ltd has received approval from the Ministry of Corporate Affairs. (Image: Company)
Adani Power: Q1 net loss narrowed to Rs 263.39 crore compared to a net loss of Rs 825.15 crore last year, helped by an improvement in its operating performance. Total income jumped over two-fold to Rs 8,014.50 crore. (Image: Company social media)
Adani Power: Q1 net loss narrowed to Rs 263.39 crore compared to a net loss of Rs 825.15 crore last year, helped by an improvement in its operating performance. Total income jumped over two-fold to Rs 8,014.50 crore. (Image: Company social media)
Punjab & Sind Bank: Q1 loss narrowed to Rs 30 crore from Rs 398 crore a year ago due to a fall in bad loan provisions. Total income dropped to Rs 2,237.91 crore during the quarter from Rs 2,336.04 crore last year. (Image: Reuters)
Punjab & Sind Bank: Q1 loss narrowed to Rs 30 crore from Rs 398 crore a year ago due to a fall in bad loan provisions. Total income dropped to Rs 2,237.91 crore during the quarter from Rs 2,336.04 crore last year. (Image: Reuters)
HPCL: Q1 net profit declined 53 percent mainly due to inventory losses caused by a fall in oil prices and lower refinery margins. Net profit slipped to Rs 811 crore in April-June as compared to Rs 1,719 crore a year back. (Image: Reuters)
HPCL: Q1 net profit declined 53 percent mainly due to inventory losses caused by a fall in oil prices and lower refinery margins. Net profit slipped to Rs 811 crore in April-June as compared to Rs 1,719 crore a year back. (Image: Reuters)
Aurobindo Pharma: Q1 net profit jumped 40 percent to Rs 636 crore. Revenue from operations grew 28 percent to Rs 5444.6 crore during the quarter.
Aurobindo Pharma: Q1 net profit jumped 40 percent to Rs 636 crore. Revenue from operations grew 28 percent to Rs 5444.6 crore during the quarter.
Bosch: The auto components major said it will temporarily stop production at its two plants separately this month for a total of 13 days to
Bosch: The auto components major said it will temporarily stop production at its two plants separately this month for a total of 13 days to "avoid an unnecessary buildup of inventory". (Image: Reuters)
Adani Gas: Q1 net profit jumped 43 percent to Rs 79 crore on higher gas sales.
Adani Gas: Q1 net profit jumped 43 percent to Rs 79 crore on higher gas sales. "Q1 FY20 overall sales volume grew by 9 per cent to 137 million standard cubic metres on the back of strong volume growth in both piped natural gas (PNG) and CNG distribution," it said. Volume of PNG distribution has increased by 10 percent to 67 mmscm, while CNG volume grew by 9 percent to 71 mmscm. (Image: Company)
KEC International: Q1 net profit edged up to Rs 89 crore from Rs 87 crore in the corresponding quarter last fiscal. Its total revenues for the quarter under review increased 15 percent to Rs 2,412 crore. (Image: Company)
KEC International: Q1 net profit edged up to Rs 89 crore from Rs 87 crore in the corresponding quarter last fiscal. Its total revenues for the quarter under review increased 15 percent to Rs 2,412 crore. (Image: Company)
India Cements: Q1 standalone net profit rose to Rs 72.21 crore from Rs 21.03 crore last year. Total income for the April-June quarter grew to Rs 1,472 crore from Rs 1,366.17 crore registered a year ago. (Image: Reuters)
India Cements: Q1 standalone net profit rose to Rs 72.21 crore from Rs 21.03 crore last year. Total income for the April-June quarter grew to Rs 1,472 crore from Rs 1,366.17 crore registered a year ago. (Image: Reuters)
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