CNBC-TV18’s top stocks to watch out for on August 10

SUMMARY

The Indian equity market is likely to open flat on Tuesday following a mixed trend in global peers. At 7:15 IST, the SGX Nifty was trading 11.50 points or 0.07 percent higher at 16,285.50, indicating a flat-to-positive start for the broader index in India.

By CNBC-TV18Aug 10, 2021 7:27:13 AM IST (Published)

Reliance Industries | The company’s subsidiary Reliance New Energy Solar Ltd (RNESL) along with strategic investors Paulson & Co. Inc. and Bill Gates, and a few other investors, has announced an investment of $144 million in Ambri Inc, a US-based energy storage company. RNESL will invest $50 million to acquire 42.3 million shares of preferred stock in Ambri. (Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)

Shree Cement | The company’s Q1FY22 standalone net profit rose 78.5 percent to Rs 661.6 crore from 370.8 crore, revenue increased 47.9 percent to Rs 3,449.5 crore from Rs 2,332.4 crore, YoY.

Indian Bank | The bank said that Non Performing Accounts of IL&FS Engineering & Construction Company and IL&FS Transportation Networks with a total outstanding balance of Rs 292 crore have been declared as fraud.

Indian Hotels | The company’s Q1FY22 consolidated net loss narrowed to Rs 301.58 crore from Rs 312.60 crore, YoY. Revenue jumped to Rs 370.30 crore from Rs 175.34 crore, YoY.

Gujarat State Petronet | The company’s Q1FY22 standalone net profit rose 13 percent to Rs 232 crore from Rs 206 crore and revenue increased 13 percent to Rs 527 crore from Rs 465 crore, QoQ. Transmission volumes rose to 36.79 mmscmd from 33.84 mmscmd, QoQ.

Bombay Dyeing | The company’s net loss in Q1FY22 narrowed to Rs 107.9 crore from Rs 129.1 crore in Q1FY21. Revenue jumped to Rs 380.8 crore from Rs 91.2 crore, YoY.

Motilal Oswal Financial Services | ICRA upgraded the credit rating on long term debt instruments of subsidiary Motilal Oswal Home Finance to ‘AA-/Stable’ from ‘A+/Stable’.

Texmo Pipes and Products | The company has received orders from multiple contractors of HDPE Pipes worth Rs 121.59 crore to be executed within 6-7 months.

Tata Investment Corporation | The company’s consolidated profit in Q1FY22 jumped to Rs 53.89 crore from Rs 18.40 crore and revenue rose to Rs 61.90 crore from Rs 30.90 crore, YoY.

Timken India | The company reported a higher profit at Rs 56.72 crore in Q1FY22 against Rs 3.15 crore in Q1FY21. Revenue jumped to Rs 467.85 crore from Rs 160.23 crore, YoY.

Earnings Today | Coal India, Lupin, Power Grid Corporation of India, Jindal Steel & Power, Zomato, Ashoka Buildcon, Mrs Bectors Food Specialities, Brookfield India Real Estate Trust REIT, Computer Age Management Services, Capacite Infraprojects, Century Plyboards, Chalet Hotels, Cochin Shipyard, Deepak Fertilisers, Eveready Industries, Galaxy Surfactants, Godrej Agrovet, Heranba Industries, Infibeam Avenues, IRB Infrastructure Developers, Krishna Institute of Medical Sciences, Linde India, Manappuram Finance, Max Financial Services, Motherson Sumi Systems, Prestige Estates Projects, Reliance Infrastructure, Siemens, Spencers Retail, Trent, Tata Teleservices (Maharashtra), Whirlpool of India, Wonderla Holidays, among others.