Top Stocks to Watch on August 5: JSW Steel, SBI, Infosys, Ashoka Buildcon, Titan Ltd, Britannia, Ambuja Cement, JK Tyre & Industries

Top Stocks to Watch on August 5: On August 5, Before you start your investing journey today, there are some top stocks that you should watch today and investors should keep these stocks on your radar.

These stocks such as JSW Steel, SBI, Infosys, Ashoka Buildcon, Titan Ltd, Britannia, Ambuja Cement, JK Tyre & Industries can give investors high earnings today.

Also Read: Top Stocks to Watch on August 2: ITC, Tata Motors, Godrej Agrovet, Netweb Technologies, Suryoday Small Finance Bank, Thermax, RailTel Corporation

Top Stocks to Watch on August 5:

JSW Steel

The leading steel manufacturer reported that the company issued a notice call off a mining lease for a block in Odisha because of "Uneconomic operation.

On Saturday, in a filing report, JSW Steel said that the Jajang iron ore block in Keonjhar is the only mining lease among the other four that were brought in auction in 2020.

SBI

The public sector lender reported that its total deposits grew by 8.18% and its domestic deposits grew by 8.08% in the June quarter.

The bank’s Net Income Interest (NII) was at 3.22% in the first quarter and its domestic NIM was at 3.35%.

Infosys

On Saturday, the leading software services exporter reported it had received a notice from the directorate general of GST intelligence (DGGI) for the closure of the pre-show cause notice procedures for 2017-2018 that was worth Rs 3,898 crore.

Ashoka Buildcon

The construction company reported that the company has turned up the lowest bid for two projects of the Mumbai Metropolitan Region Development Authority (MMRDA) worth around Rs 1,280.8 crore.

These two projects plan to construct two bridges, one from Kolshet to Kalher and another from Gaimukh to Payegaon.

Also Read: Top Stocks to Watch on August 1: Coal India, Infosys, Godrej Prop, Adani Power, Bank of Baroda, Maruti Suzuki, Prestige Estates

Titan Ltd

One of the leading watch manufacturer companies reported that it recorded a 0.9% drop in the solo net profit to Rs 770 crore in the first quarter.

Last year, in the same quarter the company made standalone revenue went up by 8.1% to Rs 12,053 crore from Rs 11,145 crore.

Britannia

Britannia reported that its consolidated net profit rose by 14.5% to Rs 540 crore in the first quarter. Last year, during the same quarter, the company made a net profit of Rs 458 crore.

Ambuja Cement

According to the reports, the Adani Group Cement will invest Rs 1,600 crore to build a Warisaliganj Cement Grinding Unit in Bihar that has a capacity of 6 MTPA.

This project will be done in three phases and the first project that the company has done in Bihar.

JK Tyre & Industries

The Automotive Tyre manufacturer reported that its consolidated net profit rose by 37% year-on-year to Rs 211 crore in the first quarter.

Last year, in the same quarter the company made a net profit of Rs 154 crore.

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