Here are the stocks to watch before going into trade today.

Stocks To Watch: HPCL, ICICI Bank, Kotak Mahindra, IDFC, L&T Technology, Bajaj Electricals, Grasim, Exide

The order to lay a new transmission lines in Andhra Pradesh shall be completed within 21 months.

Bajaj Electricals Shares Jump Nearly 9% After Rs 564 Crore Order Win From Powergrid

Prabhudas Lilladher recommended accumulate rating on Bajaj Electricals with a target price of Rs 1337 in its research report dated August 10, 2023.

Accumulate Bajaj Electricals; target of Rs 1337: Prabhudas Lilladher

Consumer product segment grew 2.7%, mainly with 10.1%/12.2% growth in appliances/Morphy Richards

Bajaj Electricals Q1 Results Review - Soft Performance In Challenging Environment: Prabhudas Lilladher

Bajaj Electricals’ Q1FY24 profit down 9.8%, revenues 1.5%. ICICI Securities remains constructive, sees potential in new brands & holiday season. Share price down 2% to ₹1193.

Bajaj Electricals’ shares down on Q1 results

Bajaj Electricals is now focusing in its Nirlep brand, and it is expected to launch slew of products from first half of September.

Bajaj Electricals Q1 Results Review - Soft Quarter Amid Weak Demand; Downgrade To ‘Neutral’: Yes Securities

Bajaj Electricals saw a 13.9 per cent dip in net profit at ₹37 crore for the quarter ended in June

Bajaj Electricals posts 13.9 per cent fall in net profit at ₹37 crore

Bajaj Electricals’ total expenses were almost flat at Rs 1,079.02 crore during the quarter, while total revenue maintained its level from the previous year at Rs 1,132.04 crore.

Bajaj Electricals Q1 profit declines 9.8% to Rs 37 crore

Hyderabad-based Recykal appoints Shailesh Haribhakti, a veteran in finance and sustainability, as Director. He is Chairman of Shailesh Haribhakti & Associates and on boards of Bajaj Electricals, L&T Finance, Adani Total Gas, and Swiggy.

Shailesh Haribhakti appointed director on Recykal board

3i Infotech Limited, a technology firm, has been awarded a 5-year contract worth ₹18.74 crore by Bajaj Electricals Limited, a consumer electrical equipment manufacturing company.

3i Infotech wins ₹18.74 crore contract from Bajaj Electricals

Net Sales are expected to increase by 6.4 percent Y-o-Y (down 12.6 percent Q-o-Q) to Rs. 1,301.9 crore, according to Nirmal Bang.

Bajaj Electricals Q1 PAT seen up 5.6% YoY to Rs. 47 cr: Nirmal Bang

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Bajaj Electricals Limited is engaged in engineering and projects; power distribution, illumination and consumer durables businesses. The Company's business segments consist of Lighting; Consumer Durables; Engineering & Projects, and Others.