Indian equities are likely to witness stock-specific moves on Monday, August 4, as several companies have reported their quarterly earnings, bagged new orders, or announced significant developments. Market participants will also keep a close watch on earnings results scheduled for the day.
Stocks To Watch Based on Recent Updates
ITC Ltd reported quarterly results above estimates, led by strong performance in its cigarettes and agri trading businesses. Cigarette volume growth reached a multi-quarter high.
Hero MotoCorp posted July sales in line with expectations. Notably, scooter sales rose 64% year-on-year.
Tata Power delivered better-than-expected Q1 results. Its EBITDA margin stood at 23%, up from 20.70% in the same period last year.
Hindustan Petroleum Corporation Ltd (HPCL) signed a 10-year agreement with Abu Dhabi Gas Liquefaction Company for LNG procurement.
Dilip Buildcon, through its joint venture, emerged as the lowest bidder for the Gurugram Metro Rail project worth ₹1,504 crore.
Titagarh Rail secured an order from NCC for an MMRDA metro rail project valued at ₹1,599 crore.
JK Lakshmi Cement reported Q1 earnings in line with estimates, with volumes increasing 10% YoY.
Delhivery recorded a 53% YoY increase in EBITDA. Its margin improved to 6.50% from 4.50% a year ago.
MOIL reported an 11.40% YoY rise in manganese ore production in July, totaling 1.45 lakh tonnes.
PC Jeweller saw an 81% rise in revenue, while net profit rose 4.5% YoY.
CG Power received a 99-year lease for 45 acres from the Madhya Pradesh government to set up a transformer manufacturing unit.
Railtel Corporation bagged an order worth ₹166 crore from BSNL.
Shakti Pumps posted a 5.7% YoY rise in EBITDA, while revenue rose 10%.
GR Infraprojects reported an 8% YoY increase in EBITDA, with margins improving to 20% from 18%.
Stylam Industries saw its EBITDA grow 27% YoY. Margin improved to 18.70% from 17.20%.
Torrent Pharmaceuticals received zero observations from the US FDA for its Vizag manufacturing facility.
Deep Industries secured a charter hire order worth ₹97 crore from Oil India.
KPI Green Energy received charging and energization clearance for 76.22 MW of solar and wind-solar hybrid power projects.
Medplus Health Services posted a 41% YoY rise in EBITDA with margins at 8.50%, compared to 6.24% a year ago.
Healthcare Global Enterprises (HCG) reported a 17% increase in EBITDA and a 16.60% rise in revenue YoY.
ABB India saw its gross margin decline by 460 basis points in Q2. Net profit dropped 21% YoY.
Federal Bank reported a rise in credit cost by 38 basis points quarter-on-quarter, with slippages up 58% YoY.
LIC Housing Finance reported a 20-bps QoQ decline in NIM, while credit costs increased.
MCX reported Q1 numbers below estimates. The board approved a stock split in a 1:5 ratio.
Honeywell Automation missed Q1 estimates. Gross margins declined nearly 700 bps YoY.
Jupiter Life Line Hospitals reported flat margins and a 1.4% decline in net profit YoY.
Jubilant Pharmova received four observations from the US FDA for its solid dosage manufacturing unit at Roorkee.
Finolex Industries posted a 55% YoY drop in EBITDA. Margins fell to 9% from 18%.
Utkarsh Small Finance Bank reported gross NPAs at 11.42% vs. 9.43% in the previous quarter. Provisions rose to ₹410 crore from ₹223 crore QoQ.
Balaji Amines posted a decline in EBITDA and margin. Margin dropped to 17% from 19%, and EBITDA fell 13% YoY.
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