 "Stocks to watch: MTAR Tech, Sula Vineyards, Marico, Hindalco, and Godrej Cons shares in focus")
The SGX Nifty index, around 8:45 am on Thursday (August 8) was down 160 points, 0r 0.66 per cent, at 24,225. It hinted at gap-down start for Dalal Street.
The India VIX, an indicator of volatility in the market, was down 13.73 per cent at 16.17.
Ahead of the opening bell in India, here’s a list of stocks to watch today:
MTAR Technologies: The defence company has received export orders worth Rs 140 crore in its Clean Energy – Fuel Cells vertical for the execution of power units and associated components. The company anticipates additional orders in this segment, which are expected to be executed in the fiscal year 2024-25.
Godrej Consumer Products: Godrej Consumer reported a 41.4 per cent increase in profit to Rs 450.7 crore, up from Rs 318.8 crore year-on-year, despite a 3.4 per cent decline in revenue to Rs 3,331.6 crore from Rs 3,448.9 crore. The company has also approved entry into the pet care business through its subsidiary, with plans to invest 5 billion rupees over the next five years.
Marico: The company announced improved operating conditions in Bangladesh, with most of its retail sales force and distributors resuming operations after a brief interruption. The company expects manufacturing operations to resume shortly.
Sula Vineyards: Sula Vineyards reported a rise in quarterly profit as consumers purchased more of its affordable wine offerings. The country’s largest wine maker’s consolidated net profit increased 7 per cent year-on-year to Rs 14.63 crore ($1.7 million) for the quarter ended June 30.
Hindalco: Hindalco reported a slight 3 per cent decline in net income to $151 million for the first quarter of fiscal year 2025. However, net income excluding special items surged 32 per cent to $204 million. Adjusted EBITDA increased by 19 per cent to $500 million, with rolled product shipments rising 8 per cent to 951 kilotonnes.
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