🇮🇳 *India Daybook*

🔹 *Stocks to watch for*

Glaxosmithkline Consumer Healthcare Q1 YoY: Revenues up 12.3 percent at Rs 1107.1 crore. Net profit up 51.6 percent at Rs 200.4 crore. (Positive)

Edelweiss Financial Services Q1 YoY: Revenues up 19 percent at Rs 2481 crore. Net Profit up 31 percent at Rs 264 crore. (Positive)

Future Supply Chain Solutions Q1 YoY: Revenues up 49.9 percent at Rs 227.9 crore. Net profit up 37.7 percent at Rs 17.9 crore. (Positive)

SRF Q1 YoY: Revenues up 34.6 percent at Rs 1741.3 crore. Net profit up 28.9 percent at Rs 133.8 crore. (Positive)

Birla Corporation Q1 YoY: Revenues up 13.5 percent at Rs 1655.8 crore. Net profit up 94.2 percent at Rs 83.9 crore. (Positive)

Inox Wind Q1 YoY: Revenues up 4.6 times at Rs 430.5 crore. Net profit up at Rs 10.4 crore. (Positive)

Butterfly Gandhimati Appliances Q1 YoY: Revenues up 43.8 percent at Rs 124.4 crore. Net profit at Rs 1.3 crore. (Positive)

Mphasis board approved Rs 988.3 crore buyback of up to 73.3 lakh shares (3.79 percent equity) at Rs 1,350 each (Positive)

Glenmark Pharma gets US FDA acceptance of NDA for Ryaltris. (Positive)

Patel Engineering bagged two hydroprojects and tunnel projects order worth Rs 2400 crore. (Positive)

Gujarat High Court dismisses tax demand petition filed by Gujarat Sales Tax department against GAIL. (Positive)

GOCL Corporation arm got explosives order worth Rs 203.09 crore from Singareni Collieries. (Positive)

Chambal Fertilisers & Chemicals promoter acquired 40,000 shares on Aug. 03 (Positive)

Mphasis Q1 QoQ: Revenues up 4.3 percent at Rs 1820.2 crore. Net profit up 8.7 percent at Rs 258.3 crore. (Neutral)

Mirza International Q1 YoY: Revenues up 3.8 percent at Rs 261.8 crore. Net profit down 11.3 percent at Rs 18.1 crore. (Neutral)

Adani Enterprises Q1 YoY: Revenues down 6.9 percent at Rs 7953.8 crore. Net profit up 6.3 percent at Rs 169.4 crore. (Negative)

Thomas Cook Q1 YoY: Revenues down 7.5 percent at Rs 2084.5 crore. Net profit up 6.5 percent at Rs 70.6 crore. (Negative)

Dhampur Sugar Mills Q1 YoY: Revenues down 13.6 percent at Rs 734.4 crore. Net profit down 49.4 percent at Rs 31.7 crore. (Negative)

Lovable Lingerie Q1 YoY: Revenues down 9.3 percent at Rs 54.9 crore. versus Rs 60.5 crore. Net profit down 33.9 percent at Rs 4.1 crore. versus Rs 6.2 crore. (Negative)

UBS on Hindalco: Maintained ‘Buy’ with a price target of Rs 330. Novelis June quarter’s operating income was ahead of estimates. (Positive)

IDFC Securities on Hindalco: Maintained ‘Outperform’ with a price target of Rs 346. Novelis June quarter review: On a firm footing. (Positive)

UBS on M&M: Maintained ‘Buy’ with a price target of Rs 1,000. June quarter review: Strong Ebitda growth helped by strong quarter for tractors. (Positive)

Citi on M&M: Maintained ‘Buy’; raised price target to Rs 1,060 from Rs 1,010. June quarter was another steady quarter. (Positive)

Credit Suisse on Dabur upgrades to OUTPERFORM from NEUTRAL. Raise price target of Rs 525 (Positive)

Credit Suisse expects Colgate's market share to stop dropping in the next two quarters. Raise price target of Rs 1320 (Positive)

Motilal Oswal on Punjab National Bank: Maintained ‘Neutral’ with a price target of Rs 85. Asset quality stabilizes marginally. (Neutral)

Citi on AU Small Finance: Maintained ‘Sell’ with a price target of Rs 590. June quarter review: Strong AUM growth sustains; Capital raise boosts Tier 1. (Neutral)

Citi on TVS Motors: Maintained ‘Sell’; cut price target to Rs 475 from Rs 490. June quarter reported weak gross margins, high tax rate hit profits. (Negative)

Citi on Motherson: Maintained ‘Sell’ with a price target of Rs 280. June quarter review: Parent/SMP disappoints; PKC ahead of estimates. (Negative)