Stock to Watch Today - Rupeedesk Reports - 31.07.2024
Stock to Watch Today - Rupeedesk Reports - 31.07.2024
Stock to Watch Today - Rupeedesk Reports - 31.07.2024
Buzzing Stocks : Infosys, Balu Forge, IndiaMART, Oriental Rail Infrastructure, Macrotech Developers, and others in focus.
Infosys - Infosys has partnered with TDC Net, a Danish infrastructure provider, to transform TDC Net into a customer-centric technology company. The collaboration aims to modernize TDC Net's IT infrastructure, enhance customer experience, and optimize service costs. Infosys will implement AI-driven hyper-automation and consolidate TDC Net's IT systems to boost productivity.
Balu Forge - Balu Forge reported a 104.98 percent YoY increase in net profit to Rs 34.16 crore in the April-June quarter of 2023. Revenue rose by 56 percent YoY to Rs 175.3 crore.
IndiaMART - IndiaMART reported consolidated revenue from operations of Rs 331 crore against Rs 282 crore in the corresponding fiscal period. Net profit for the quarter was Rs 114 crore.
Oriental Rail Infrastructure - Oriental Rail Infrastructure Limited secured an order worth Rs 1.92 crore from the Modern Coach Factory (MCF) in Raebareli, Indian Railways, for manufacturing and supplying 30 sets of seats and berths.
Macrotech Developers - Macrotech Developers (Lodha) reported a 166 percent increase in consolidated net profit to Rs 476 crore for the quarter ended June 30, 2024, up from Rs 178 crore in the same period last year. Revenues from operations of Rs 2,850 crore represented a 76 percent year-over-year increase, and adjusted EBITDA of Rs 960 crore was up 107 percent year-over-year.
Torrent Power - Torrent Power reported an 88 percent YoY increase in first-quarter profit. Consolidated net profit rose to Rs 972 crore in the April-June quarter, from Rs 517 crore in the previous fiscal year. Revenue from operations rose 23.3 percent to Rs 9,034 crore.
GAIL - GAIL reported a 93 percent YoY increase in net profit at Rs 2,723.98 crore in the first quarter of FY25, compared to Rs 1,412 crore in the previous fiscal year. Revenue from operations grew 5 percent YoY to Rs 34,063.26 crore, up from Rs 32,495.07 crore posted in the previous fiscal year.
Varun Beverages - Varun Beverages' net profit for Q2FY24 grew 26 percent to Rs 1,253 crore for the June quarter. The company had posted a net profit of Rs 994 crore in the year-ago period. Revenue from operations increased 29 percent to Rs 7,333.6 crore for the same quarter, up from Rs 5,699.7 crore in Q1FY24.
Granules India - Net profit for the quarter grew to Rs 135 crore, up from Rs 48 crore in the previous fiscal year. Revenue for the period grew 19.7 percent to Rs 1,179.8 crore.
Exide Industries - Exide Industries reported a 16 percent increase in net profit at Rs 280 crore for the June quarter. Revenue from operations increased 6 percent to Rs 4,313 crore in the corresponding quarter.
Indian Oil Corporation - Net profit for the period was down 81 percent YoY to Rs 2,643 crore from Rs 13,750 crore. Revenue from operations was down 2 percent to Rs 2.15 lakh crore, compared to Rs 2.21 lakh crore in the previous fiscal year.
Tata Consumer - Tata Consumer Products reported a consolidated net profit of Rs 290 crore for Q1FY25, a fall of 8.5 percent YoY from Rs 317 crore in the year-ago period. Revenue increased 16 percent to Rs 4,352 crore in the three months ended June 30, compared to Rs 3,741 crore in the year-ago period.
Dixon Technologies - Dixon Technologies has reported a 109 percent YoY increase in consolidated net profit at Rs 140 crore for the June quarter. The company reported a 101 percent rise in consolidated revenue to Rs 6,580 crore, up from Rs 3,272 crore in the year-ago period.
Indus Towers - The company has approved a buyback of up to 5.67 crore equity shares, representing approximately 2.1 percent of the total number of equity shares of the company. The buyback will be done at a price of Rs 465 per share.
Manorama Industries - The company has announced August 27 as the cut-off date for the final dividend.
Torrent Power - The company has acquired Torrent Urja 18 Private Limited for a cost of Rs 1,00,000. The company is involved in the business of hydrogen.
Star Health Insurance- The company’s PAT increased 11 percent YoY to Rs 319 crore in Q1FY24.
Samvardhana Motherson - The company, on August 2, will consider raising funds by issuing equity shares or any other securities convertible into equity shares.
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