Stocks to Watch on 1 Aug 2019

For the stock market trading session on August 1st 2019, major support level of Nifty is expected at 10947 and 10821. Whereas, major resistance level is expected at 11221 and 11335. With this condition of the markets in mind, here are top stock to watch for Aug 01st 2019.

Coffee Day Enterprises Limited:

Coffee Day Enterprises Ltd announced S.V. Ranganath as interim chairman after founder V.G. Siddhartha was confirmed dead by the police on Wednesday. The stock could remain under pressure, and could slip into double digits or below Rs 100,

Allahabad Bank:

Allahabad Bank Posts June-Quarter Result in June quarter Allahabad Banks’ interest earned decrease approx. 6 percent as compare to last year and net NPA rose to 5.71 percent from 5.22 percent in this quarter net interest margin improved from previous quarter it increased from 2.58 percent to 2.85 percent

Blue Dart Express Limited:

Blue Dart Express Limited Posts June-Quarter result in June quarter net profit declined to Rs. 59.90 Million as compare to Rs. 229.70 Million last year

Indian Oil Corporation:

IOC reports 47 percent fall in net profit as compare to previous quarter. Hence Revenue was almost same. Yesterday stock prices jumped around 3.93 percent.

State Bank of India:

According to a report the State Bank of India which is presently holding 74 percent stake of SBI Cards is planning to raise Rs. 5000-6000 crore from a partial stake sale.

Ashok Leyland:

According to brokerages Ashok Leyland is expected to report around 6-7 percent decline in revenue as compare to last year while a double-digit fall is expected in profit & EBITDA for the June quarter.

Expleo Solutions Ltd:

Expleo Solutions Ltd. has posted June quarter profit of Rs. 66.2 Million as compare to 83.2 Million a year ago while revenue from operations decreased to 598.9 Million as compare to 723.9 Million a year ago

Tata Global Beverages Limited:

Tata Global Beverages Limited has posted profit of Rs. 125 Cr in June quarter.

Apollo Tyres:

Apollo Tyres’ net profit fall 44 percent the company has posted a net profit of Rs 141.6 crore for June quarter as compare to the Rs 251.84 crore for the same period of previous fiscal.

Eicher Motors:

According to the brokerages Eicher Motors is expected to report double digit decline in June quarter profit.

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