Overnight Digest: Stocks to look out for on August 8

The stocks that are likely to witness significant movement on the bourses on August 8 are TVS Motors, Motheson Sumi, Patel Engineering, Mahindra & Mahindra and GOCL Corporation.

TVS Motor: The company posted a 13.2 per cent increase in profit after tax (PAT) at Rs 146.6 crore for the Q1FY19, riding on the back of robust sales across its verticals. The company had reported a PAT of Rs 129.5 crore for the same quarter of the previous year. This will keep the stock of the company in focus on Wednesday.

Motherson Sumi: The company posted 57 per cent increase in its consolidated net profit at Rs 482 crore for the first quarter ended June 30 versus a net profit of Rs 307 crore during the same period previous fiscal. The company's revenue also grew 24 per cent to Rs 16,106 crore during Q1FY19, as compared to Rs 12,967 crore in the same quarter of the previous fiscal. The stock will be watched on Wednesday.

Patel Engineering : The company has announced to the bourses about winning two hydro projects and a tunnel project aggregating to Rs 2,400 crore. This will most likely put the stock in the limelight on Wednesday's trading session.

Mahindra and Mahindra: The company reported a 67 per cent YoY rise in profit at Rs 1,257 crore for Q1FY19 as against Rs. 752 crore profit in the same quarter a year ago. The ttal revenue for Q1FY19 grew 23 per cent YoY to Rs 13,551 crore from Rs 11,006 crore in the year-ago quarter. The results are likely to put the stock in focus on Wednesday.

GOCL Corporation : IDL Explosives Limited (IDLEL), a wholly-owned subsidiary of GOCL Corporation, has bagged an order worth Rs 20309 crore from Singareni Collieries Company Limited for supply (by IDLEL and GOCL) of bulk explosives, LD explosives, boosters, detonating fuse, nonels, cord relays and detonators to be supplied over a period of two years i.e. from 2018 to 2020. The stock of GOCL will be watched on Wednesday.