Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, order wins, and acquisitions, here’s a quick look at which stocks will be in focus in today's trade:
Tata Steel, Power Grid Corporation of India, Punjab National Bank, Hyundai Motor India, InterGlobe Aviation, Indus Towers, Aster DM Healthcare, Computer Age Management Services, CESC, Greaves Cotton, HEG, Indraprastha Gas, IIFL Finance, JB Chemicals & Pharmaceuticals, KPIT Technologies, Navin Fluorine International, and Zydus Wellness will announce quarterly earnings on July 30.
Larsen & Toubro (L&T) Q1 (Consolidated YoY)
Profit zooms 30% to Rs 3,617 crore Vs Rs 2,786 crore
Revenue grows 16% to Rs 63,679 crore Vs Rs 55,120 crore
EBITDA increases 13% to Rs 6,318 crore Vs Rs 5,615 crore
Margin drops to 9.9% Vs 10.2%
NTPC Q1 (Consolidated YoY)
Profit grows 11% to Rs 6,108.5 crore Vs Rs 5,506 crore
Revenue falls 3% to Rs 47,065.4 crore Vs Rs 48,528.9 crore
Dilip Buildcon Q1 (Consolidated YoY)
Profit zooms 91.6% to Rs 229 crore Vs Rs 119.5 crore
Revenue declines 16.4% to Rs 2,620.3 crore Vs Rs 3,134.2 crore
Other income surges sharply to Rs 216.2 crore Vs Rs 20.2 crore
Blue Dart Express Q1 (Consolidated YoY)
Profit drops 8.6% to Rs 48.8 crore Vs Rs 53.4 crore
Revenue grows 7.4% to Rs 1,441.9 crore Vs Rs 1,342.7 crore
Star Health and Allied Insurance Company Q1 (YoY)
Profit declines 17.7% to Rs 262.5 crore Vs Rs 318.9 crore
Operating profit falls 20.3% to Rs 248.6 crore Vs Rs 312.1 crore
Underwriting profit drops 48.9% to Rs 71.7 crore Vs Rs 140.4 crore
Net premium earned jumps 11.9% to Rs 3,938.3 crore Vs Rs 3,520.3 crore
Novartis India Q1 (YoY)
Profit rises 7.3% to Rs 27.6 crore Vs Rs 25.7 crore
Revenue slips 5.1% to Rs 87.6 crore Vs Rs 92.3 crore
Foseco India Q2 (YoY)
Profit grows 16.4% to Rs 21.5 crore Vs Rs 18.5 crore
Revenue jumps 25.8% to Rs 157.3 crore Vs Rs 125 crore
GMR Airports Q1 (Consolidated YoY)
Loss widens to Rs 211.6 crore Vs loss of Rs 141.7 crore
Revenue zooms 33.4% to Rs 3,205.2 crore Vs Rs 2,402.2 crore
Ask Automotive Q1 (Consolidated YoY)
Profit grows 16.3% to Rs 66.1 crore Vs Rs 56.8 crore
Revenue rises 3.4% to Rs 891.3 crore Vs Rs 862.2 crore
Nilkamal Q1 (Consolidated YoY)
Profit declines 16.4% to Rs 15.3 crore Vs Rs 18.3 crore
Revenue jumps 18.9% to Rs 883.1 crore Vs Rs 742.7 crore
GE Vernova T&D India Q1 (YoY)
Profit soars 116.4% to Rs 291.2 crore Vs Rs 134.5 crore
Revenue spikes 38.8% to Rs 1,330.1 crore Vs Rs 958.3 crore
International Gemmological Institute India (IGI India) Q2 (Consolidated YoY)
Profit surges 62.6% to Rs 126.5 crore Vs Rs 77.8 crore
Revenue grows 15.7% to Rs 300.9 crore Vs Rs 260 crore
Triveni Engineering and Industries Q1 (Consolidated YoY)
Profit sinks 85.9% to Rs 4.4 crore Vs Rs 31.3 crore
Revenue soars 22.9% to Rs 1,598.2 crore Vs Rs 1,300.7 crore
Bank of India Q1 (Standalone YoY)
Profit jumps 32.3% to Rs 2,252.1 crore Vs Rs 1,702.7 crore
Net interest income drops 3.3% to Rs 6,068.1 crore Vs Rs 6,275.8 crore
Provisions and contingencies fall 15.2% to Rs 1,096 crore Vs Rs 1,293.3 crore
Gross NPA declines to 2.92% Vs 3.27% (QoQ)
Net NPA slips to 0.75% Vs 0.82% (QoQ)
Gallantt Ispat Q1 (Consolidated YoY)
Profit soars 42.6% to Rs 173.8 crore Vs Rs 121.9 crore
Revenue falls 2.8% to Rs 1,127.8 crore Vs Rs 1,159.7 crore
Piramal Enterprises Q1 (Consolidated YoY)
Profit zooms 52.3% to Rs 276.4 crore Vs Rs 181.5 crore
Revenue grows 18.7% to Rs 2,642.7 crore Vs Rs 2,226.5 crore
Stocks to Watch
The company has secured significant new orders across airborne, naval, and radar-based platforms from premier defence laboratories in India. The orders involve the development and supply of advanced sub-systems for some of the most sophisticated indigenous platforms being developed by leading defence agencies like the DRDO and defence PSUs.
The Indian-Made Foreign Liquor manufacturer said the Board has approved a preferential issue of securities (equity shares and warrants) amounting to Rs 2,296 crore. The company intends to utilise these proceeds for the acquisition of the Imperial Blue business division and for general corporate purposes.
The Vitamin-D3 manufacturer has received the Certificate of Suitability (CEP) from the European Directorate for the Quality of Medicines & Healthcare (EDQM) for its spray-dried variant, VITADEE 100 SD, being manufactured at its Kullu, Himachal Pradesh facility.
Zydus Lifesciences has completed the acquisition of an 85.6% stake in Amplitude Surgical from PAI and two minority shareholders for 256 million euros. The company will now file a simplified mandatory tender offer on July 30 for all the remaining outstanding shares of Amplitude Surgical at a price of 6.25 euros per share.
Bulk Deals
Negen Capital Services acquired 61.59 lakh shares at Rs 47.88 per share.
Nexus Global Opportunities Fund bought 1.34 lakh shares at Rs 61.58 per share.
Mainboard Listing on July 30
Indiqube Spaces
GNG Electronics
SME Listing on July 30
TSC India
Stocks Trade Ex-Dividend
Aurionpro Solutions
BASF India
Cravatex
EIH
Hawkins Cookers
JB Chemicals & Pharmaceuticals
MM Forgings
NOCIL
Pecos Hotels and Pubs
Permanent Magnets
Sinclairs Hotels
TD Power Systems
VRL Logistics
Stock in F&O ban
RBL Bank
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