Stocks to Watch Today, Tuesday, August 4, 2026: IREDA, LIC, KEI Industries, Great Eastern Shipping and Texmaco Rail 

Mumbai, Aug 4: Five stocks are in focus on Tuesday, from IREDA’s strong June-quarter profit growth and the government’s LIC stake sale to blockbuster earnings at KEI Industries, Great Eastern Shipping and Texmaco Rail. Here’s what’s driving each stock and what to track through the day. 

IREDA (IREDA): Net profit rises 36.8% on strong lending growth 

State-owned Navratna company Indian Renewable Energy Development Agency reported a 36.8 per cent year-on-year rise in net profit for the June quarter, with profit after tax climbing to Rs 337.5 crore, supported by robust growth in its lending business. The renewable energy-focused non-banking financial company continued to expand its loan book as disbursements to solar, wind and other clean energy projects gathered pace through the quarter. Investors will watch commentary on asset quality, the pace of loan disbursements and margin trends, as well as updates on fundraising plans to support the company’s ambitious loan book growth targets, as it pursues its target of scaling up its portfolio through the rest of the fiscal year. 

Life Insurance Corporation of India (LIC): Govt launches OFS to sell up to 6.5% stake at Rs 382 floor price 

The government has announced plans to divest up to a 6.5 per cent stake in Life Insurance Corporation of India through an Offer for Sale, comprising a base issue of 2.5 per cent equity and an additional 4 per cent green shoe option, at a floor price of Rs 382 per share. The issue opens for non-retail investors on Tuesday, August 4, with retail investors able to bid on Wednesday, August 5. The stake sale is aimed at helping the government meet minimum public shareholding norms, which require it to bring down its holding to ensure at least 10 per cent public float by May 2027. Investors will track subscription levels among institutional and retail investors, the final allotment price, and the stock’s reaction to the discount versus its recent closing price on the BSE and NSE. 

KEI Industries (KEIINDLTD): Profit zooms 40% to Rs 274.1 crore on strong revenue growth 

KEI Industries reported a 40 per cent year-on-year jump in consolidated net profit to Rs 274.1 crore for the June quarter, compared with Rs 195.7 crore in the corresponding period last year. Consolidated revenue surged 23 per cent to Rs 3,185.3 crore from Rs 2,590.3 crore, as the cables and wires maker continued to benefit from strong demand across its institutional, retail and export segments. Investors will watch commentary on order book trends, capacity expansion plans at its manufacturing facilities and raw material cost movements, particularly copper and aluminium prices, for the rest of the fiscal year. 

Great Eastern Shipping Company (GESHIP): Profit surges 159.4% to Rs 1,308.8 crore on firm freight rates 

Great Eastern Shipping Company posted a 159.4 per cent year-on-year surge in consolidated net profit to Rs 1,308.8 crore for the June quarter, compared with Rs 504.5 crore a year earlier, as revenue jumped 66.9 per cent to Rs 2,005.4 crore from Rs 1,201.5 crore. India’s largest private sector shipping company benefited from firm tanker and dry bulk freight rates through the quarter, alongside continued fleet expansion. Investors will track fleet utilisation, freight rate trends in both the tanker and dry bulk segments, and the company’s dividend and capital allocation plans going forward. 

Texmaco Rail and Engineering (TEXRAIL): Profit spikes 66.8% to Rs 50 crore despite revenue decline 

Texmaco Rail and Engineering reported a 66.8 per cent year-on-year jump in consolidated net profit to Rs 50 crore for the June quarter, compared with Rs 30 crore a year earlier, even as revenue fell 16.9 per cent to Rs 756.7 crore from Rs 910.6 crore. The wagon and railway equipment maker’s bottom line was supported by other income, which jumped to Rs 18.5 crore from Rs 8.01 crore, and a tax write-back of Rs 7.57 crore against tax expenses of Rs 14.3 crore in the year-ago quarter. Investors will watch the pace of order execution, fresh wagon orders from Indian Railways and the trajectory of revenue recovery through the year. 

Source

• Company filings
• BSE, NSE
• business media reports