Top Stocks to Watch on August 6: BEML, ONGC, Adani Energy, Bharti Airtel, Triveni Turbine, Bharti Hexacom, Tata Chemicals, Schneider Electric Infrastructure

Top Stocks to Watch on August 6

Top Stocks to Watch on August 6: On August 6, the stock market today began the day with a good start because of the quick recovery in Asian markets.

The recovery happened after officials U.S. central bank officials reassured buyers after the market experienced its worst day on Monday.

However, let's check out some of the best stocks that you should watch today for high earnings:

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BEML

The Bharat Earth Movers Limited reported that its consolidated net profit went down by Rs 70.47 crore in the first quarter against the same quarter last year of Rs 75.01 crore.

ONGC

The leading national oil company reported that its net profit has reduced by 15% year on year to Rs 8,938 crore in the June quarter.

The company's net profit has reduced compared to the same quarter last year of Rs10,526 crore.

Adani Energy

The company reported that it has made Rs 8,373 crore through approved institutions' placement to get energy from renewable sources.

Since its split from Adani Enterprises (AEL), this is the first time that the company has made this much profit through the stock market.

Bharti Airtel

The Telecom company reported that the company's net profit went up to Rs 4,160 crore in the June quarter.

During the same quarter last year, the company made a net profit of Rs 1,612 crore. However, the company’s revenue rose by Rs 38,506.4 crore in the June quarter from Rs 37,440 crore in the same quarter last year.

Triveni Turbine

The company reported that its earnings went up by 31.9% to Rs 80.41 crore and its revenue went up by 23.3% to Rs 463.3 crore.

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Bharti Hexacom

Bharti Hexacom's net profit went up by 130% to Rs 511.2 crore, but the company’s earnings before interest, taxes, depreciation, and amortization (Ebitda) and margin went down a little.

Tata Chemicals

The multinational corporation reported that its net profit was reduced by 67.6% to Rs 190 crore compared to last year's net profit in the same quarter.

In the June quarter, the company made a net profit of Rs 587 crore. However, the revenue has dropped by 10.2% to Rs 3,789 crore from Rs 4,218 crore in the same quarter last year.

Schneider Electric Infrastructure

The company reported that its net profit increased by 38.8% to Rs 48.5 crore and the company revenue increased by 19.7% to Rs 592.9 crore.

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