Stocks to Watch Today: SBI, Ola Electric, LIC, Titan & More Shares in Focus on 7 August

Stocks to Watch Today

Indian stock markets are expected to begin Friday's trading session on a cautious note as investors monitor global developments, rising crude oil prices and ongoing earnings announcements.

Gift Nifty was trading near 24,657, indicating a slightly weak opening for the benchmark indices. Market participants will closely watch several companies reporting quarterly earnings along with major corporate developments.

Market Overview

Benchmark indices ended Thursday's session with modest gains despite mixed global cues.

• Nifty 50: Closed at 24,636
• Sensex: Closed at 78,785

Although benchmark movement remained limited, stock-specific action is expected to dominate today's trading session.

Top Stocks to Watch Today

State Bank of India (SBI)

SBI will remain one of the most closely watched stocks as the country's largest public sector bank is scheduled to announce its Q1 FY27 financial results.

Titan Company

Titan is also scheduled to report its June quarter earnings. Investors will watch revenue growth, jewellery demand, margins and management commentary.

Ola Electric

Ola Electric remains in focus after announcing a strategic partnership with Axis Energy to explore the deployment of battery energy storage systems over the coming years.

The development highlights the company's continued focus on strengthening its clean energy ecosystem.

Hindalco Industries

Hindalco is another major stock to watch ahead of its quarterly earnings announcement.

Oil India

Oil India is expected to remain active as investors await its financial performance amid fluctuations in global crude oil prices.

Companies Reporting Strong Q1 Results

Several companies announced their June quarter earnings after market hours.

LIC

Life Insurance Corporation (LIC) reported strong quarterly performance.

Key Highlights

• Net Profit increased 23% YoY
• Profit stood at ₹13,492 crore
• Strong growth compared to the corresponding quarter last year

Trent

Tata Group's retail company Trent delivered healthy quarterly growth.

Highlights include

• Net Profit increased 21% YoY
• Revenue rose 18% YoY
• Continued expansion across its retail business

Britannia Industries

Britannia posted another steady quarterly performance.

Key Highlights

• Net Profit increased 13.6% YoY
• Profit reached ₹591.4 crore

The company's earnings reflected stable demand across its product portfolio.

Apollo Tyres

Apollo Tyres reported a sharp improvement in profitability.

Highlights

• Net Profit jumped to ₹348.9 crore
• Significant improvement compared to the year-ago quarter

Shipping Corporation of India

Shipping Corporation delivered robust financial performance during the June quarter.

Highlights include

• Net Profit increased to ₹619 crore
• Revenue rose 40% YoY

The results indicate continued strength in shipping operations.

Other Corporate Developments

TVS Motor Company

TVS Motor expanded its global electric vehicle presence by launching the TVS iQube in Kenya, becoming the first Indian two-wheeler manufacturer to introduce a premium electric scooter in the African market.

Dabur

Dabur received a warning letter from the US Food and Drug Administration (US FDA) related to its Silvassa manufacturing facility.

The regulator has requested additional information regarding the company's corrective action plan.

Alkem Laboratories

Alkem Laboratories also came under focus after the US FDA issued Form 483 with observations following an inspection of its manufacturing facility.

The inspection has been classified under the Official Action Indicated (OAI) category.

Market Outlook

Investors are expected to closely monitor

• Q1 FY27 earnings announcements
• Crude oil price movement
• Global market sentiment
• Developments in the Middle East
• Institutional buying and selling activity

While benchmark indices may remain range-bound, company-specific news and earnings are likely to drive individual stock movements throughout the session.

Key Takeaways

• Gift Nifty indicates a cautious opening for Indian markets.
• SBI, Titan, Hindalco, Ola Electric and Oil India will remain in focus ahead of earnings.
• LIC, Trent, Britannia, Apollo Tyres and Shipping Corporation reported notable quarterly results.
• TVS Motor expanded its EV presence into the African market.
• Dabur and Alkem Laboratories remain in focus following regulatory developments.

Disclaimer

This article is published solely for educational and informational purposes and should not be considered financial, investment, legal, or tax advice. The information presented is based on publicly available sources and corporate disclosures available at the time of publication. TrendRipperX does not guarantee the completeness or accuracy of the information.

TrendRipperX is not registered with the Securities and Exchange Board of India (SEBI) as an Investment Adviser or Research Analyst. Any views expressed are for informational purposes only and should not be interpreted as investment recommendations.

Investments in securities are subject to market risks. Readers should conduct their own research and consult a SEBI-registered financial advisor before making any investment decisions.