Britannia, Tata Motors, Maruti Suzuki and other top stocks to watch out for on August 2

Aug 2, 2021

By: Rounak Jain

Earnings today

HDFC, Punjab National Bank, RBL Bank, Emami, Castrol India, IFB Agro Industries, Orient Cement, CG Power and Industrial Solutions, among others.

Credit: Pixabay

Britannia Industries

Its June 2021 quarter net profit fell by 29 percent to ₹387 crore compared to a year earlier. The biscuits and confectionery major has said it would increase prices in the future.

Credit: Britannia-Industries

Tata Motors

Eventually, one if every four of its cars would be an electric vehicle, the company said as it outlined a ₹28,900 crore investment plan in both Jaguar Land Rover and its India business.

Credit: Tata-Motors

...contd

Tata Motors reported a two-fold jump in its sales in July 2021 to 54,119 units.

Credit: BCCL

Maruti Suzuki

July sales jumped by 50 percent to 1,62,462 units, year-on-year. The stock is down over 7.6 percent in the last one month.

Credit: BCCL

Hero MotoCorp

At a little over 4.54 lakh units, the two-wheeler giant sold 13 percent fewer vehicles in July, compared to the same month last year.

Credit: Hero-MotoCorp

State Bank of India

India’s largest bank has waived home loan processing fees, usually fixed at 0.40 percent, until August 31.

Credit: Wikimedia

Bandhan Bank

The microfinance major saw its June-quarter profit shrink by almost a third as the risk of defaults rose. Provision for bad loans rose 62 percent.

Credit: Bandhan-Bank

Bandhan Bank

While net interest income surged by 19 percent, the credit growth in the June quarter was 8 percent sharply down from 21 percent for the whole of last year.

Credit: Bandhan-Bank

IRCTC

Its board will meet on August 12 to consider a stock split. Its shares are currently trading at ₹2,334 on NSE, which is very close to its 52-week high.

Credit: IRCTC

Coal India

Reported a 14 percent surge in coal production in July 2021 to 42.6 million tonnes from 37.3 million tonnes in the same period last year.

Credit: BCCL

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