Stock Radar: HUL, Bajaj Finance, Torrent Pharma, Parag Milk, Vedanta in focus on Wednesday

Stocks To Watch

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

Results Today

Larsen & Toubro, Axis Bank, SBI Life Insurance Company, Bajaj Finserv, Federal Bank, Petronet LNG, Jindal Steel & Power, Aditya Birla Sun Life AMC, Aurionpro Solutions, Bikaji Foods International, CG Power and Industrial Solutions, CMS Info Systems, DCB Bank, HFCL, Indian Energy Exchange, Indraprastha Gas, JK Paper, KPIT Technologies, Karnataka Bank, Oracle Financial Services Software, Hitachi Energy India, Ramkrishna Forgings, SIS, Sona BLW Precision Forgings, Syngene International, Trident, Tata Teleservices, V-Guard Industries, and Welspun Living will release quarterly earnings on July 24.

Quarterly Earnings

Hindustan Unilever Q1 (Standalone YoY)

Profit grows 2.7% to Rs 2,538 crore Vs Rs 2,472 crore

Revenue increases 1.3% to Rs 15,339 crore Vs Rs 15,148 crore

EBITDA rises 2.4% to Rs 3,606 crore Vs Rs 3,521 crore

Margin expands to 23.5% Vs 23.2%

Underlying volume growth at 4%

Bajaj Finance Q1 (Consolidated YoY)

Profit rises 14% to Rs 3,912 crore Vs Rs 3,437 crore

Net interest income jumps 25% to Rs 8,365 crore Vs Rs 6,717 crore

Gross NPA increases to 0.86% Vs 0.85% (QoQ)

Net NPA ratio climbs to 0.38% Vs 0.37% (QoQ)

United Spirits Q1 (Consolidated YoY)

Profit grows 1.7% to Rs 485 crore Vs Rs 477 crore

Revenue soars 3.5% to Rs 2,761 crore Vs Rs 2,667 crore

EBITDA remains flat at Rs 713 crore

Margin drops 90 bps to 25.8% Vs 26.7%

Torrent Pharmaceuticals Q1 (Consolidated YoY)

Profit grows 21% to Rs 457 crore Vs Rs 378 crore

Revenue increases 10.3% to Rs 2,859 crore Vs Rs 2,591 crore

EBITDA rises 14.3% to Rs 904 crore Vs Rs 791 crore

Margin expands 110 bps to 31.6% Vs 30.5%

ICICI Prudential Life Insurance Q1 (YoY)

Value of new business (VNB) grows 7.8% to Rs 472 crore Vs Rs 438 crore

VNB margin drops to 24% Vs 30%

Premium growth (APE) increases 34.4% to Rs 1,963 crore Vs Rs 1,461 crore

Profit climbs 8.7% to Rs 225 crore Vs Rs 207 crore

Parag Milk Foods Q1 (Consolidated YoY)

Profit jumps 27.5% to Rs 27.3 crore Vs Rs 21.4 crore

Revenue grows 1.1% to Rs 757.9 crore Vs Rs 749.6 crore

DCM Shriram Q1 (Consolidated YoY)

Profit surges 77.3% to Rs 100.3 crore Vs Rs 56.6 crore

Revenue grows 4.6% to Rs 3,073 crore Vs Rs 2,937.2 crore

Schaeffler India Q1 (Consolidated YoY)

Profit rises 3.4% to Rs 245.5 crore Vs Rs 237.3 crore

Revenue jumps 15.2% to Rs 2,106.8 crore Vs Rs 1,829.1 crore

Thyrocare Technologies Q1 (Consolidated YoY)

Profit spikes 38.8% to Rs 23.9 crore Vs Rs 17.3 crore

Revenue grows 16.3% to Rs 156.9 crore Vs Rs 134.9 crore

Stocks To Watch

Dr Reddy’s Laboratories

The Board of Directors of the pharma company will meet on July 27 to consider the sub-division of existing equity shares, including the American Depository Shares.

Vedanta

The company, at its board meeting on July 26, will consider the second interim dividend on equity shares, if any, for FY25.

Tata Consumer Products

The FMCG company has fixed July 27 as a record date for its Rs 3,000 crore rights issue. The rights issue price has been fixed at Rs 818 per share. The rights issue will open on August 5 and close on August 19.

Bajel Projects

The company has received contracts for the supply of goods and services for a transmission line package from PowerGrid Corporation of India, amounting to Rs 586.28 crore.

South Indian Bank

The bank said the board members will meet on July 30 to consider raising funds via the issuance of equity shares through preferential issue and/or Qualified Institutions Placement (QIP) or any other methods on a private placement basis, or FPO.

Titagarh Rail Systems

The company has commenced the export of traction converters. The first batch of 8 converters was shipped to Titagarh Firema SpA (Titagarh Firema), Italy, on July 19. This export is part of a 7.18 million euros (Rs 65 crore) order received by Titagarh Rail from Titagarh Firema.

SME Listing on July 24

Macobs Technologies, Kataria Industries

Stocks Turn Ex-Dividend

Avadh Sugar & Energy, Dynamic Cables, Elgi Equipments, Fiem Industries, Fortis Healthcare, Fortis Malar Hospitals, Hatsun Agro Product, Honeywell Automation, Indo Count Industries, IFGL Refractories, Lakshmi Machine Works, Pidilite Industries, Privi Speciality Chemicals, Vinyl Chemicals

F&O Ban

GNFC, India Cements, SAIL