*India Daybook – Stocks to watch for*


HEG (Q1, YoY): Revenue up 7.7 times at Rs 1587.4 crore. Net profit at Rs 770.3 crore versus net loss at Rs 8.4 crore. (Positive)

Elecon Engineering & Industries (Q1, YoY): Revenue up 29.5 percent at Rs 303.5 crore. Net profit at Rs 7.5 crore versus net loss at Rs 36.2 crore. (Positive)

Jindal Saw (Q1, YoY): Revenue up 63.5 percent at Rs 2284.3 crore. Net profit up 49.5 percent at Rs 95.1 crore. (Positive)

V2 Retail (Q1, YoY): Revenue up 32 percent at Rs 187.8 crore. Net profit UP 29 percent at Rs 11.2 crore. (Positive)

Torrent Power (Q1, YoY): Revenue up 15.9 percent at Rs 3528.1 crore. Net profit up 11.4 percent at Rs 225.9 crore. (Positive)

Ballarpur Industries (Q1, YoY): Revenue up 76.5 percent at Rs 824.4 crore. Net loss at Rs 150.2 crore versus net loss at Rs 269.3 crore. (Positive)

TCS Launches Jile™️ to Help Digital Enterprises Embrace Agile Delivery at Scale (Positive)

BSE Investments Limited acquires 24% stake in CDSL Commodity Repository Limited (Positive)

Cabinet Has Given Approval For LIC-IDBI Bank Deal. IDBI Bank Can Come Out Of PCA Sooner Post Deal With LIC. (Positive)

Tata Motors July sales up 21 percent at 51,896 Units. (Positive)

Excel Crop Care to merge business with Sumitomo Chemicals. (Positive)

L&T offers to sell L&T Technology Services’ 41 lakh shares (4 percent) at Rs 1,400 per share. (Positive)

Punjab National Bank to consider capital infusion of Rs 2,816 crore by Government of India on August 6. (Positive)

Shivam Autotech reports 20 percent increase in sales in July. (Positive)

Tata Power’s Q1 generation increases to 13,113 MU versus 12,429 MU. (Positive)

Gujarat Alkalies and Chemicals PAC plant in Vadodara commences commercial production. (Positive)

GPT Infraprojects bags railways construction order worth Rs 362.2crore in Uttar Pradesh. (Positive)

Mangalore Chemicals & Fertilizers board approves re-classification of 3 UB Group companies from promoter to public category. (Positive)

Hero Motocorp July two wheeler sales up 9 percent at 6.79 lakh units (Neutral)

Pidilite Industries (Q1, YoY): Revenue up 20 percent at Rs 1834 crore. Net profit up 5.5 percent at Rs 239 crore. (Neutral)

Reliance Infrastructure (Q1, YoY): Revenue down 0.5 percent at Rs 7616.6 crore. Net profit down 18.7 percent at Rs 271.7 crore. (Negative)

Triveni Engineering & Industries (Q1, YoY): Revenue down 12 percent at Rs 706.6 crore. Net profit down 38.7 percent at Rs 37.1 crore. (Negative)

Eicher Motors July motorcycles sales up 7 percent at 69,063 units. (Negative)

Nalco says there is a reduction in coal supply to 1200 MW Captive Power Plant at Angul. (Negative)

Kotak on Apollo Tyres: Maintained ‘Buy’ with a price target of Rs 292. June quarter’s operating income was in line with estimates; Net profit surpassed forecasts due to lower tax rate. (Positive)

Nomura on Exide:  Maintained ‘Neutral’; raised price target to Rs 276 from Rs 268. June quarter’s operating income was ahead of estimates; Margins lower due higher lead prices. (Positive)

UBS on Exide: Maintained ‘Buy’ with a price target of Rs 335. June quarter’s big sales surpassed estimates but net profit came inline. (Positive)