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

Stocks To Watch: M&M, Airtel, ONGC, Power Grid, Titan, Marico, Tata Chemicals, SJVN, Britannia

Brainbees Solution, the parent company of omnichannel kidswear brand FirstCry, will launch its initial public offering (IPO) on August 6th. The IPO, priced between Rs 440-465 per share, will consist of a fresh issue of Rs 1,666 crore and an offer for sale of up to 5.4 crore shares by existing shareholders including M&M and SoftBank.

IPO Calendar: Primary market gains momentum with 3 new issues, 12 listings on the horizon next week

The Nifty 50 index saw a 5,000-point rally mainly fueled by domestic fund investments of ₹3.3 lakh crore. Reliance Industries and other major firms contributed significantly to the gains. While the market remains highly valued, ongoing fund flows could push the index higher, with potential short-term corrections expected.

Nifty from 20K-25K: RIL, Bharti Airtel, ICICI, M&M top contributors

When asked about the government’s nudge to private companies to invest in new capacities, Shah said the group has already raised its automobile division capacity by 3x in the last four years

Govt capex, rural demand may spur M&M’s ride: MD & CEO Anish Shah

M&M has strategic capital allocation, reasonable valuations and very clear articulation of strategy, Parekh said.

The Fund Manager Who Sees Auto As A Top Consumer Play

Mahindra & Mahindra, Bajaj Auto, and Toyota Kirloskar Motor have all reported significant growth in car sales this month. Each brand has shown strong performance, contributing to a recovering automotive market.

M&M, Bajaj Auto and Toyota Kirloskar see significant growth in car sales

Companies including Maruti Suzuki, M&M, Tata Steel, BHEL, Coal India, Mankind, Adani stocks more may remain under the spotlight before the opening bell on Thursday, August 01.

Stocks in news: Maruti Suzuki India, Tata Steel, BHEL, M&M, Coal India, Mankind and Adani stocks

On Wednesday, the US Federal Reserve maintained its key interest rate at 5.25–5.5% for the eighth consecutive time, as expected, while signaling the possibility of a rate cut in its next meeting in September. From the Nifty stocks, Power Grid Corporation, Coal India, ONGC, HDFC Bank, and Dr Reddy’s Laboratories were the top gainers, rising 2-4%. On the other hand, M&M, Tata Steel, Hero MotoCorp, Britannia, and Tata Motors ended with cuts.

D-St cheers Fed’s dovish tone: Nifty surges past 25K milestone, Sensex sets new record

Here’s a look which automaker sold how much in the month gone by.

Auto Sales In July 2024 Live: Maruti Suzuki Dips 4%, M&M SUV Sales Up 15%

The auto major announced that its overall auto sales rose marginally to 66,444 vehicles sold in July 2024 as against 66,124 vehicles sold in July 2023.

M&M total sales rises to 66,444 units in July 2024

Mahindra & Mahindra’s shares fell over 2% after the company reported a 5% decline in standalone Q1 net profit to Rs 2,613 crore, despite a 12% rise in operational revenue. Leading brokerages, including BofA, JP Morgan, and Nuvama, remain optimistic, adjusting their target prices upwards.

M&M shares fall over 2% on reporting muted Q1 profit. Should you invest?

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

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

Mahindra and Mahindra Limited is engaged in the manufacturing of passenger cars, commercial vehicles and tractors.