The Indian stock market is expected to be volatile today, August 13, due to various factors such as global market trends, economic data, and company-specific developments. Here are some key stocks to watch out for:
Hindalco Industries, the aluminum and copper manufacturing company, will be in focus as it reports its quarterly earnings today. Analysts expect the company to post a significant increase in profits due to higher metal prices and improved operational efficiency.
Hero MotoCorp, the country’s largest two-wheeler manufacturer, will also be watched closely as it announces its quarterly results. The company’s sales have been impacted by the ongoing semiconductor shortage and rising input costs.
Indian Railways Finance Corporation (IRFC), the financing arm of Indian Railways, will debut on the stock exchanges today after its successful initial public offering (IPO). The company’s listing is expected to be closely watched by investors.
NMDC, the state-owned iron ore mining company, will also be in focus as it reports its quarterly earnings. The company’s profits are expected to be impacted by lower iron ore prices and higher production costs.