Stocks to Watch Today, Aug 3: ZEEL, Maruti Suzuki, ITC, VI, Coal India, BEL Among Top Stocks in Focus

With the beginning of the fresh trading month, stock market investors are now looking forward to the new triggers that are about to move several stocks on Monday, August 3.

The equity benchmarks are also expected to have a positive opening after Gift Nifty climbed nearly 235 points in early trade, due to falling crude oil prices and improving geopolitical sentiment in West Asia.

Here are all the stocks to watch today which are expected to be in focus on Monday:

ZEE limited

Shares of Zee Entertainment Enterprises (ZEEL) are likely to be under pressure after the SEBI imposed monetary penalties and barred Managing Director and CEO Punit Goenka and Chairman Emeritus Subhash Chandra from accessing the securities market for one year over alleged securities law violations.

Maruti Suzuki

Maruti Suzuki India will be in focus today after reporting a 9.1% YoY decline in consolidated net profit to Rs. 3,446.9 crore during the June quarter. Rising material costs impacted profitability despite a robust 35.9% increase in revenue from operations to Rs. 52,469.8 crore.

Meanwhile, July passenger vehicle sales data is expected to keep the rest of the stocks in the auto sector active,such as Tata Motors and Mahindra & Mahindra.

ITC Q1 Earnings

ITC will be in focus today after the firm posted a decline in June quarter earnings. While profit fell 27.1%YoY, and the net revenue declined 14.4% to Rs 16,908 crore versus Rs 19,761 crore YoY. Meanwhile revenue Cigarette business increased 81% to Rs 15,383 crore YoY.

Vodafone Idea

Telecom operator Vodafone Idea has received a demand notice from the Department of Telecommunications (DoT) seeking Rs. 26.83 crore as liquidated damages over alleged non-compliance with minimum rollout obligations which is linked to spectrum acquired in the 2022 auction.

Coal India

State-owned Coal India will be in focus today after the firm reported an 8.4% YoY rise in coal production to 50.36 million tonnes during July. Coal supplies surged over 18% to 64.19 million tonnes, this was the company's highest-ever coal offtake for the month of July.

BEL

PSU Defence major, Bharat Electronics Limited (BEL) announced that it has secured additional defence contracts worth Rs .847 crore since its last disclosure in July.

Oil & Gas Stocks

Oil and gas companies including ONGC, Oil India, Reliance Industries and offshore service providers may remain in focus after the Union Cabinet approved the Rs. 84,084 crore 'Samudra Manthan' National Offshore Exploration Scheme.

Renewable Energy Stocks to Watch

Renewable energy companies such as NTPC, NHPC, Tata Power, JSW Energy, Waaree Energies, Premier Energies, SJVN and Sterling & Wilson Renewable Energy could also attract investor interest after the government approved the Rs. 5,070 crore Pradhan Mantri Surya Sarovar Yojana.

Other Stocks to Watch

Several other companies are also likely to remain in focus, including ABB India, Glenmark Pharmaceuticals, Muthoot Finance, Indian Oil Corporation (IOCL), Raymond Lifestyle, Punjab National Bank (PNB), Lodha Developers, GHCL and CDSL after their latest earnings announcements, business updates.

Additionally, multiple companies are scheduled to announce their earnings report from companies such as DLF, CAMS, IREDA, Nazara Technologies, Torrent Power and Inox India scheduled for Monday.