Top Stocks to Watch on July 31: GAIL, Jindal Stainless, Tata Consumer, Vedanta, Coal India, Indus Towers, Adani Energy and more

Top Stocks to Watch on July 31: On July 31, stocks such as GAIL, torrent power, and Tata Consumer reported a rise in their net profit however such stocks can be a good option to invest and watch.

GIFT Nifty today is trading at 24,857 with an increase of 0.085% while BSE Sensex today is trading at 81,455 with an increase of 0.12%.

Furthermore, to get higher earnings let’s take a look at some of the best stocks to watch today:

Also Read: Top Stocks To Watch On July 29: ICICI Bank, PNB, Dr Reddy's, NTPC, BHEL, SBI Card, Paytm, IndiGo

GAIL

The Natural gas transmission company reported an increase of 77.5% in its net profit in the June quarter. The company further reported a rise in combined net profit of Rs 3,183.35 crore compared to last year's net profit of Rs 1,792.99 crore in the April to June quarter.

While GAIL income went up by 40% which means that the company made twice as much as it used to earlier.

Jindal Stainless

The steel manufacturer company said that its net profit was reduced by 13.1% year-over-year to Rs 648.1 crore in the first quarter. Last year, in the same quarter the company made a net profit of Rs 746 crore.

The reports further stated that the steel manufacturer company's earnings went down by 7.4%, to Rs 9,429.8 crore compared to last year's earnings of Rs 10,184 crore in the same quarter.

Tata Consumer

In the June quarter, the Tata Consumer Company reported a 14.3% lower net profit to Rs 289.3 crore compared to same quarter last year. However, in the same quarter, the company made a net profit of Rs 337.7 crore.

Experts reported that the company will make a profit of Rs 326 crore in the quarter under review.

Vedanta

CNBC TV 18 The leading Mining company reported that it received approval from 75% of its secured creditors to file its demerger scheme with the National Company Law Tribunal (NCLT) and get clearance from stock exchanges for its proposed demerger.

Also Read: Top Stocks to Watch on July 30: Tata Steel, GAIL, RVNL, Titagarh Rail, PNB Housing, HPCL, ACC, Kalpataru Projects and more

Coal India

In the June quarter, Coal India production recorded a rise of 7.9% year-on-year to 189.3 million tons and its exports rose by 5.2% year-over-year to 196.6 million tons.

The company expects to see 20 % to 15% of its total volume through e-auction. However, the Q1 results are expected to be released today.

Indus Towers

The Telecom company reported that its net profit rose by 42.9% year-over-year to Rs 1,925.9 crore in the June quarter. In that same quarter, it made a net profit of Rs 1,348 crore and the company’s income went up by 4.3% to Rs 7,383 crore compared to last year's income of Rs 7,075.9 crore in the same quarter.

Adani Energy

The company introduced a Qualified Institutions Placement (QIP) with a starting price of Rs 1,027.11 per share. Three firms—SBI Capital Markets Ltd, Jefferies India Private, and ICICI Securities—have been decided as the lead managers to run the issue.

Moreover, Cantor Fitzgerald & Co has been decided to as an advisor to the issue.

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