Hero MotoCorp, Maruti Suzuki, Adani Total Gas, and Other Stocks To Watch On August 2

Due to selling in index heavyweights Reliance Industries, PowerGrid, and ICICI Bank amid a mixed trend in the global market, Indian stock benchmark indexes lost some of their early gains and ended Tuesday’s trading session down. The continued withdrawal of foreign funds also had an impact on market confidence.

To end the day at 66,459.31, the BSE Sensex dropped 68.36 points, or 0.10 percent. The NSE Nifty finished at 19,733.55 after losing 20.25 points, or 0.10 percent.

The Best Stocks To Watch On August 2nd:

MotoCorp Hero

In July, Hero MotoCorp reported overall sales of 3,91,310 units fell by 12%. 4,45,580 units were sold by the corporation during the same time last year. The business reported that domestic sales were 3,71,204 units in July 2022 as opposed to 4,30,684 units in July 2022. However, shipments grew from 14,896 units in the same period of the previous year to 20,106 units this time around.

India’s Maruti Suzuki

The nation’s biggest automaker forecasts production of more than 1.86 lakh automobiles in July 2023, an increase of around 1% above 1.85 lakh vehicles produced during the same time in 2012. Suzuki Motor Corporations will sell a 100% share in Suzuki Motor Gujarat to Maruti. Maruti said that its overall domestic passenger car sales increased by 6% last month to 1,52,126 units from 1,42,850 units in the same time the previous year.

Total Adani Gas

In comparison to the same quarter last year, Adani Total Gas’s consolidated net profit increased by 9% to Rs 150 crore from Rs 138 crore. The gas distributor’s operational income was Rs 1,056.1 crore, an increase of 1.3% from Rs 1,042.3 crore in the same period last year. On the operational front, the company’s EBITDA increased by 13.3% to 247.8 crore.