Overnight Digest: Stocks to look out for on August 1
The stocks that are likely to witness significant movement on the bourses on August 1 include Bank of India, Dabur, Jindal Steel and Power, Cigniti Technologies and Tata Motors.
Bank of India: Bank of India has reported over 8 per cent rise in net profit at Rs 95.11 crore in the first quarter ended June 30, 2018-19 as against Rs 87.71 crore in the same period in 2017-18. The stock will be watched on Wednesday.
Dabur : FMCG major Dabur India on Tuesday reported 24.59 per cent rise in consolidated net profit at Rs. 330 crore for the first quarter ended June 30, 2018-19, driven by volume growth in key categories. The result will keep the stock in limelight.
Jindal Steel and Power: JSPL has bagged 20 per cent of Railways' Rs 2,500 crore global tender to supply long rails. This is the first time in three decades that the rail procurement has been opened for the private sector. This is most likely to keep the stock buzzing in the next trading session.
Cigniti Technologies: The company recorded Q1FY19 Net Profit at Rs 39.15 crore as against Q1FY18 net loss of Rs 5.68 Crore. Meanwhile the revenue grew by 16% to Rs. 194.71 crore. The results will keep the stock in focus Wednesday.
Tata Motors: The company has delivered a surprise net loss of Rs. 1,864 crore in Q1FY19 as against a reported profit of Rs. 3,199.93 crore. The share will be watched on Wednesday.