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HomeNewsBusinessBudgetStock Radar: Cyient DLM, Jana SFB, Gensol Engineering, RailTel, Can Fin Homes in focus on Budget day

Stock Radar: Cyient DLM, Jana SFB, Gensol Engineering, RailTel, Can Fin Homes in focus on Budget day

Zensar Technologies, Cigniti Technologies, Mangalore Refinery Petrochemicals, Greenlam Industries, Pondy Oxides and Chemicals, Oil India, and Tunwal E-Motors will also be in focus on Budget day.

July 23, 2024 / 02:34 IST
Stocks in News

Here’s a quick look at stocks likely to be in focus in Tuesday's trade, covering quarterly earnings, order wins, and appointments announced by companies after market hours on Monday:

Results Today

Hindustan Unilever, Bajaj Finance, Torrent Pharmaceuticals, United Spirits, AGS Transact Technologies, DCM Shriram, Heritage Foods, ICICI Prudential Life Insurance Company, ICRA, Indoco Remedies, ICICI Securities, M&M Financial Services, Parag Milk Foods, Schaeffler India, Sharda Cropchem, SRF, Thyrocare Technologies, and Welspun Specialty Solutions will release quarterly earnings on July 23.

Quarterly Earnings

Zensar Technologies Q1 (Consolidated QoQ)

Profit falls 8.9% to Rs 157.9 crore Vs Rs 173.3 crore

Revenue rises 4.7% to Rs 1,288.1 crore Vs Rs 1,229.7 crore

Cigniti Technologies Q1 (Consolidated YoY)

Profit tanks 76.4% to Rs 10.5 crore Vs Rs 44.6 crore

Revenue increases 6.6% to Rs 468.5 crore Vs Rs 439.5 crore

Exceptional loss at Rs 30.05 crore Vs Nil

Mangalore Refinery Petrochemicals Q1 (Consolidated YoY)

Profit sinks 92.8% to Rs 73.2 crore Vs Rs 1,014.8 crore

Revenue (excluding excise duty) rises 10.4% to Rs 23,247 crore Vs Rs 21,057.6 crore

Company appoints Yogish Nayak S as Chief Financial Officer effective July 22

Cyient DLM Q1 (Consolidated YoY)

Profit jumps 97.7% to Rs 10.6 crore Vs Rs 5.4 crore

Revenue rises 18.8% to Rs 257.9 crore Vs Rs 217.1 crore

Other income climbs to Rs 8.89 crore Vs Rs 0.9 crore

Jana Small Finance Bank Q1 (YoY)

Profit surges 90% to Rs 171 crore Vs Rs 90 crore

Net interest income grows 32% to Rs 610 crore Vs Rs 462 crore

Gross NPA ratio spikes to 2.62% Vs 2.11% (QoQ)

Net NPA ratio rises to 0.99% Vs 0.56% (QoQ)

Greenlam Industries Q1 (Consolidated YoY)

Profit tanks 39.7% to Rs 19.89 crore Vs Rs 33 crore

Revenue jumps 17.4% to Rs 604.7 crore Vs Rs 515.2 crore

Pondy Oxides and Chemicals Q1 (Consolidated YoY)

Profit spikes 216% to Rs 12.96 crore Vs Rs 4.1 crore

Revenue rises 36.8% to Rs 444.9 crore Vs Rs 325.2 crore

Stocks To Watch

Oil India

The company has signed a contract with Dolphin Drilling, Norway, for the hiring of the anchor-moored semi-submersible drilling unit Blackford Dolphin.

Gensol Engineering

The company has emerged as the winning bidder for 116 MW (150 MWp) of solar projects in Gujarat, with an approximate EPC revenue of Rs 600 crore.

RailTel Corporation of India

The company has received a work order from the Ministry of Railways for the design, development, implementation, operations, and maintenance of HMIS and an integrated empanelled hospital referral portal for Indian Railways, amounting to Rs 186.81 crore.

Federal Bank

The Reserve Bank of India has approved the appointment of Krishnan Venkat Subramanian as the Managing Director & Chief Executive Officer of Federal Bank for three years, effective September 23, 2024. Krishnan Venkat Subramanian was the Joint Managing Director of Kotak Mahindra Bank until April 2024.

Indiabulls Housing Finance

The name of Indiabulls Housing Finance has been changed to Sammaan Capital, effective July 26.

Steel Authority of India

The Board of Directors of the company will meet on July 25 to consider the issue of non-convertible bonds (NCDs) or debentures through private placement.

SME Listing on July 23

Tunwal E-Motors

Bulk Deals

Can Fin Homes

SBI Life Insurance Company has bought a 0.75% stake in the housing finance company at an average price of Rs 827.94 per share, amounting to Rs 82.79 crore.

Stocks Turn Ex-Dividend

Shree Cement, HCL Technologies, Shriram Finance, Data Patterns, Goodyear India, HIL, Jenburkt Pharmaceuticals, Modison, Novartis India, Oriental Carbon & Chemicals, Plastiblends India, Rainbow Children's Medicare, Rajratan Global Wire, SIL Investments, TCFC Finance, TCPL Packaging, Tube Investments of India, Walchand Peoplefirst, Weizmann

Stock Trades Ex-Date for Split

Almondz Global Securities

F&O Ban

Chambal Fertilisers and Chemicals, GNFC, Bandhan Bank, Hindustan Aeronautics, India Cements, Piramal Enterprises, SAIL

Sunil Shankar Matkar
first published: Jul 23, 2024 01:58 am

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