Top Stocks to Watch on August 8: Godrej Consumer Products, Hindalco Industries, NHPC, Marico, Apollo Tyres, Welspun Corp, Radico Khaitan

Top Stocks to Watch on August 8

Top Stocks to Watch on August 8: On August 8, benchmark markets started low on Thursday. The NIFTY50 went down by 0.2% and traded at Rs 24,187 and the SENSEX dropped by 0.34% and were trading at Rs 79,199.

Asian markets were mostly down, which was caused by China's mixed trade data.

Let's take a look at the top stocks that you should watch today:

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Godrej Consumer Products

The company reported that its net profit after tax rose by 41.36% to Rs 450.69 crore in the first quarter ending on June 2024.

In the corresponding quarter last year, the company made a PAT of Rs 318.82 crore. The company revenue also went down to Rs 3,331.58 crore from Rs 3,448.91 crore in the same quarter last fiscal.

Hindalco Industries

Novelis Inc. reported that its net sales in the first quarter went up 2% year-over-year to $4.2 billion because of higher average aluminum prices and an increase in exports.

NHPC

In the first quarter ending on June 2024, the company’s consolidated profit rose by 1.2% to Rs 1,108.5 crore from Rs 1,095 crore in the same quarter last fiscal year.

The company revenue dropped by 2.3% to Rs 2,694.2 crore from Rs 2,757.3 crore in the same quarter last year.

Marico

Marico reported that its operating conditions improved in Bangladesh where most of its store sales staff and distributors are growing again after a brief interruption. The manufacturing process is likely to begin soon.

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Apollo Tyres

The tyres manufacturer company reported that its net profit went down by 24% to ₹302 crores in the June quarter. In the same quarter, the last fiscal year, the company made a net profit of ₹397 crore.

The operations revenue during the quarter under review was Rs 6,335 crore from Rs 6,245 crore during the same period last year.

Welspun Corp

The company reported that its net profit in the first quarter rose by 50% year-on-year to Rs 248.2 crore. In that same quarter last fiscal year, it made a net profit of ₹165 crore.

The company revenue dropped by 22.9% to Rs 3,137.3 crore.

Radico Khaitan

The Liquor manufacturer company reported that its net profit for the first quarter increased by 13.3% year-on-year to Rs 77.4 crore.

The company's revenue also went up by 19.1% to Rs 1,136.5 crore from Rs 953.9 crore in the corresponding quarter last fiscal year.

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