Britannia, Tata Motors, Maruti Suzuki and other top stocks to watch out for on August 2
Aug 2, 2021
Credit: BCCL
Earnings today
HDFC, Punjab National Bank, RBL Bank, Emami, Castrol India, IFB Agro Industries, Orient Cement, CG Power and Industrial Solutions, among others.
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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
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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.
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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