Key Stocks to Watch on August 8 – Powered by puneripages.in
Morning Market Mood: Good morning! Wall Street ended on a slightly positive note last night. The Dow nudged up a bit, thanks to a mix of earnings reports. Over in Asia, markets opened with a cautious tone, especially with everyone waiting for China’s inflation data. Back home, the GIFT Nifty is hinting at a flat-to-positive start. Key things I’ll be watching today: how crude oil moves, Q1 results from some big names, and any policy signals.
Table of Contents
Here are the stocks I’m keeping a close eye on today:
1. Titan
Why: Q1 results are out.
What happened: Net profit is up 9% YoY at Rs 1,040 crore. Revenue jumped 25%, mostly thanks to strong jewellery sales. But margins did take a small hit due to input costs.
My take: While the revenue growth is impressive, how the management addresses margin concerns in the earnings call will be key. Expect a cautious but watchful mood around this one.
2. Godrej Consumer
Why: Q1 numbers posted.
What happened: Consolidated profit rose 6% YoY. India business did well with a 10% growth, but weaker demand in Indonesia pulled overall growth down.
My take: Results were pretty much as expected. Might not see major moves today.
3. Cummins India
Why: Just announced Q1 results.
What happened: PAT surged 35% YoY. Margins also improved, thanks to a better product mix and pricing.
My take: Strong results here. Expect a positive buzz around the stock.
Stocks Making News (Corporate + Regulatory Updates):
4. Bharti Airtel
Why: Policy shift in telecom spectrum allocation.
What happened: The telecom department is tweaking the rules, which could help Airtel in the 5G space and with backend investments.
My take: Looks like a win for Airtel. Could see some upward action.
5. Biocon
Why: USFDA just inspected their Bangalore facility.
What happened: Got 3 observations, but none were major.
My take: Slightly positive reaction expected since the issues seem fixable.
6. BSE
Why: SEBI passed a final order on commodity market issues.
What happened: BSE was fined and told to tighten its processes.
My take: This might weigh on the stock a bit due to regulatory concerns.
7. LIC
Why: IRDAI has eased product approval norms.
What happened: Now they can roll out new insurance products faster.
My take: A nice regulatory tailwind here. Watch for some positive moves.
Brokerage Radar:
8. KRBL
Why: Axis Securities upgraded it to “Buy” with a target of Rs 400.
What they said: Strong export demand and easing costs are the drivers.
My take: Might attract fresh interest from investors.
9. Metropolis Healthcare
Why: ICICI Direct has started coverage with a “Hold” rating.
What they said: They like the stable growth, but don’t see short-term upside.
My take: Might remain flat; traders may look elsewhere for action.
Final Thoughts: August 8 looks like one of those mixed days where anything could happen. Titan, Airtel, and LIC are definitely on my radar. Don’t forget to follow global cues, oil prices, and what FIIs are up to. And of course, earnings calls will be full of hints for what’s coming next.
Good luck, and happy trading!
Written by Shreyal – Financial Content Writer, Puneri Pages
Want more smart takes on market trends and investment insights? Keep following me here on puneripages.in — where I decode the noise so you can invest with clarity.
About The Author
