Stocks to watch on August 8: Rate-sensitive stocks, Eicher Motors, Maruti, Protean eGov Tech, and more

Here's a list of stocks that may trade actively in today's session: 

Rate-sensitive stocks: Real estate, auto, and financial stocks are expected to hog the limelight today as the Reserve Bank of India (RBI) will announce its monetary policy at 10 a.m. While the central bank is expected to maintain a status quo on interest rates, its commentary on stance, inflation, and economic growth, given the multiple headwinds, will be closely watched. 

Maruti Suzuki India: The stock will be on investors' radar as the auto giant has recalled 2,555 Alto K10 vehicles as there could be a possible defect in steering gear box assembly (Part). 

Protean eGov Technologies: As per reports, Standard Chartered Bank is likely to sell 3.09% of its equity in the company via block deals today. 

Earnings today: A host of companies are slated to announce their June quarter numbers today. Some of the names include Eicher Motors, IRCON, Sobha, SAIL, RVNL, Oil India, Nocil, MRF, CONCOR, Cochin Shipyard, and Biocon. 

Apollo Tyres: The tyremaker said on Wednesday that its consolidated net profit declined by 24% to ₹302 crore for the first quarter ended June 30, 2024, on account of lower sales and an escalation in raw material costs. The company reported a net profit of ₹397 crore in the April-June quarter of the last fiscal. Revenue from operations for the quarter under review stood at ₹6,335 crore, as against ₹6,245 crore in the year-ago period. 

NHPC: The state-owned hydropower giant on Wednesday reported a marginal rise in its consolidated net profit of over 1% to ₹1,108.46 crore in the June 2024 quarter. The company reported a consolidated net profit of ₹1,095.38 crore in the quarter ended June 30, 2023, a BSE filing showed. Total income has increased to ₹3,037.92 crore in the quarter from ₹3,010.22 crore in the same period a year ago.

Coromandel International: The company reported a consolidated profit after tax of ₹309.24 crore for the April-June 2024 quarter, the company said on Wednesday. It had registered a consolidated profit after tax of ₹494.03 crore in the same period last year. For the financial year ending March 31, 2024, the consolidated net profit stood at ₹1,640.64 crore.

Abbott: Drug firm Abbott India on Wednesday said its net profit increased by 13% year on year to ₹328 crore for the first quarter ended June 30, 2024. The company reported a net profit of ₹290 crore in the April-June quarter of last fiscal. Total income rose to ₹1,625 crore for the period under review as against ₹1,535 crore in the June quarter of FY24, Abbott India said in a regulatory filing.

Godrej Consumer: Godrej Consumer Products Ltd (GCPL) on Wednesday reported 41.36% jump in consolidated profit after tax at ₹450.69 crore for June quarter FY25 benefiting from lower raw material costs. The company, which had posted a profit after tax (PAT) of ₹318.82 crore in the same quarter last fiscal, said its board has approved entry into a pet care business through one of its subsidiaries and will invest ₹500 crore over a period of 5 years. Total revenue from operations in the quarter stood at ₹3,331.58 crore as against ₹3,448.91 crore in the same period last fiscal, GCPL said in a regulatory filing.

Sula Vineyards: Sula Vineyards reported a rise in quarterly profit on Wednesday as consumers snapped up more of its cheaper wine, outpacing feeble demand for its premium offerings due to national elections and heatwaves during the period. The country's biggest wine maker's consolidated net profit rose 7 per cent year-on-year to Rs 14.63 cr ($1.7 million) for the quarter ended June 30.

GMM Pfaudler: As per reports, the company's net profit for the June quarter slipped 52.2% YoY to ₹23.9 crore, while revenue slipped 13.9% to ₹785.2 crore. EBITDA decreased by 32% to ₹88.5 crore. 

UPL: Moody’s Ratings, as per news reports, has downgraded UPL Corporation Limited’s (UPL Corp) corporate family rating (CFR) and senior unsecured debt rating to Ba2 from Ba1.

Tata Motors: Moody's Ratings on Wednesday said it has upgraded Tata Motors Ltd's corporate family rating by two notches to Ba1 from Ba3 citing sound governance practices, particularly the company's creditor-friendly financial policies, track record and management prudence.

BSE: Leading stock exchange BSE on Wednesday reported an over threefold surge in net profit to ₹265 crore for the quarter ended June 2024. The exchange had posted a net profit of ₹75 crore in the same quarter of the preceding fiscal, BSE said in a statement. The exchange has recorded its highest-ever quarterly financial performance with a revenue of ₹674 crore in the April-June quarter in the current financial year FY25 as compared to ₹271 crore in the year-ago period.