Top Stocks To Watch On August 9: LIC, Eicher Motors, Biocon, Sobha, Oil India, Nexus Select Trust, Birla Corporation, Utkarsh SFB, IRCON International

Top Stocks To Watch On August 9

Top Stocks To Watch On August 9: On August 9, Bse Sensex and Nifty50 are highly expected to open with a big jump because of the global positive signal.

At 9:53 am, GIFT Nifty is trading at Rs 24,418 with a hike of 0.19%.

The Asian started the day in green, the Nikkei gained 1.58%, the Kospi hiked by 1.60%, and the ASX200 gained 0.60%.

Let’s check out the top stocks that you should watch today:

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LIC

The leading insurance company reported that its net profit went up by 10% to Rs 10,461 crore in the June quarter. In the corresponding quarter, last year the company made a net profit of Rs 9,544 crore.

The insurance company's total income hiked to Rs 2,10,910 crore from Rs 1,88,749 crore in the June quarter last year.

Eicher Motors

The automotive company reported that its net profit for the first quarter went up by 20% year-on-year to Rs 1,101.5 crore from Rs 918 crore last year in the same quarter.

The company’s revenue also increased by 10.2% to Rs 4,393.1 crore against Rs 3,086.4 crore in the same period last year.

Biocon

The biopharmaceutical company reported that its net profit rose by 550.6 % to Rs 659.7 crore in the June quarter compared to Rs 101.4 crore in the same period last year.

Biocon revenue rose by 0.3% to Rs 3,432.9 crore while other incomes also hiked to Rs 1,134.5 crore.

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Sobha

Sobha reported that its net profit dropped by 49.8% to Rs 6.1 crore in the June quarter from Rs 12.05 crore last year in the same period.

The company revenue also dropped by Rs 49.8 crore against Rsc640.4 crore in the corresponding quarter last year.

Oil India

The oil company reported that its consolidated net profit for the April-June quarter dropped by 27.7% For the June quarter, the company made Rs 1,466.8 crore, down from Rs 2,028.8 crore in the previous period last year.

Nexus Select Trust

Nexus Select Trust reported that the Blackstone Group is expected to sell a 21.8% stake in Nexus Select Trust REIT through a block deal, the deal is worth Rs 4,455 crore.

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Birla Corporation

MP Birla reported that its net profit went down by 45% to Rs 33 crore in the first quarter from 60 crore in the same period a year ago.

The company revenue during the June period also dropped by 8.9% to Rs 2,207 crore from Rs 2,423 crore a year ago.

Utkarsh SFB

Utkarsh SFB reported that the Reserve Bank of India has accepted an increase in authorized capital from Rs 1,500 crore to Rs 2,000 crore.

IRCON International

The construction company reported that its net profit went up by 19.6% to Rs 224 crore from 187.4 crore a year ago period. The company revenue also dropped by 17.2% to Rs 2,287.1 crore.

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