Overnight Digest: Stocks to look out on August 7

The stocks to watch out on August 7 include Kolte-Patil Developers, GTPL Hathway, Pidilite, DHFL and InterGlobe Aviation

Kolte-Patil Developers Limited: For Q1FY20, the company reported consolidated net sales of Rs. 58,568 lakh, which is an increase by 50 per cent as compared to net sales of Rs. 39,056 lakh in Q1FY19. The consolidated net profit rose by 71.5 per cent to Rs. 13,076 lakh from Rs. 7,625 lakh.

GTPL Hathway: The company has acquired 100 per cent shares of SCOD18 Networking Private Limited.

Pidilite Industries Limited: Pidilite’s consolidated net sales for the quarter ended June 2019 grew by 10 per cent YoY to Rs. 2006 crore and net profit was Rs. 294 crore, thus increasing by 22 per cent YoY.

Dewan Housing Finance Corporation (DHFL): The company in its draft debt resolution has stated not to have principal haircuts for any creditors and also the company will address any asset-liability mismatch and seek funding from banks to resume its retail funding activity.

InterGlobe Aviation: The co-founder of IndiGo has stated that the issues between him and another co-founder Rahul Bhatia still persist and remain unresolved.