Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, and auto sales, here’s a quick look at which stocks will be in focus in today's trade:
Power Grid Corporation of India, Divis Laboratories, Alembic Pharmaceuticals, Aditya Birla Capital, Barbeque-Nation Hospitality, Bombay Dyeing, Castrol India, DOMS Industries, Dredging Corporation of India, Gateway Distriparks, General Insurance Corporation of India, Gland Pharma, Garden Reach Shipbuilders & Engineers, HFCL, Jyoti Structures, KEC International, KPR Mill, NLC India, Paradeep Phosphates, Poly Medicure, Premier Energies, Shalby, Shankara Building Products, Stove Kraft, Tata Chemicals, Vishnu Prakash R Punglia, and Welspun Enterprises will announce their quarterly earnings on February 3.
Neogen Chemicals Q3 (Consolidated YoY)
Profit zooms 844.3% to Rs 10.01 crore Vs Rs 1.06 crore
Revenue grows 22.5% to Rs 201.4 crore Vs Rs 164.4 crore
EBITDA surges 70.7% to Rs 34.64 crore VS Rs 20.3 crore
Margin expands by 490 bps to 17.2% Vs 12.3%
GR Infraprojects Q3 (Consolidated YoY)
Profit grows 7.8% to Rs 261.7 crore Vs Rs 242.7 crore
Revenue falls 20.6% to Rs 1,694.5 crore Vs Rs 2,134 crore
Other income jumps to Rs 102.9 crore Vs Rs 24.6 crore
Anant Raj Q3 (Consolidated YoY)
Profit soars 53.6% to Rs 110.3 crore Vs Rs 71.8 crore
Revenue increases 36.3% to Rs 534.6 crore Vs Rs 392.3 crore
Aarti Industries Q3 (Consolidated YoY)
Profit tanks 62.9% to Rs 46 crore Vs Rs 124 crore
Revenue grows 6.2% to Rs 1,840 crore Vs Rs 1,732 crore
January Auto Sales
Hero MotoCorp (YoY)
Total sales grows 2.1% to 4,42,873 units Vs 4,33,598 units
Domestic sales decline 2% to 4,12,378 units Vs 4,20,934 units
Exports grow 140.8% to 30,495 units Vs 12,664 units
Eicher Motors (YoY)
Royal Enfield total sales grow 20% to 91,132 units Vs 76,187 units
Exports sales surge 79% to 10,080 units Vs 5,631 units
VST Tillers Tractors (YoY)
Total sales fall 17.6% to 3,416 units Vs 4,146 units
Power Tillers sales drop 18.7% to 3,105 units Vs 3,820 units
Tractors sales down 4.6% at 311 units Vs 326 units
Stocks to Watch
Raj Kumar has resigned as Director & Chairman from the board of directors of the company, consequent to superannuation, effective January 31.
The United States Food and Drug Administration (US FDA) has completed a pre-approval inspection (PAI) of Edaravone oral suspension at its manufacturing facility in Somerset, New Jersey, with zero 483 observations. The inspection took place from January 28 to February 1, 2025.
The company has increased the price of all ferro grades of ore with manganese content of Mn-44% and above by 3.5%. Prices of all other ferro grades of ore with manganese content below Mn-44% have been increased by 8.2%, effective February 1. Additionally, prices of all SMGR (Mn-30%, Mn-25%, and Mn-20%) and fines grades have risen by 8.2%, and prices of all Chemical grades have also been raised by 8.2%. Meanwhile, the company recorded manganese ore production of 1.6 lakh tonnes, while sales grew by 17% YoY to 1.57 lakh tonnes. Exploratory core drilling increased by 10% YoY to 11,099 meters.
Coal production decreased by 0.8% to 77.8 million tonnes in January, compared to 78.4 million tonnes in the same month last year. Offtake increased by 2.2% to 68.6 million tonnes, compared to 67.1 million tonnes in the same period.
The Asset Liability Management Committee of the bank has increased the marginal cost of funds-based lending rate (MCLR) by 5 bps in the 1-month, 3-month, 6-month, and 1-year tenures, effective February 3.
Bulk Deals
Amazon.com NV Investment Holdings LLC sold a 0.5% stake in the company at an average price of Rs 610.2 per share, amounting to Rs 46.03 crore.
Nav Capital VCC - Nav Capital Emerging Star Fund purchased 78,400 shares in the company at an average price of Rs 75 per share, valued at Rs 58.8 lakh.
Stocks Trade Ex-Dividend
Godrej Consumer Products, Jubilant Ingrevia, Mahanagar Gas, Share India Securities, Siyaram Silk Mills, Wheels India, Apcotex Industries, Great Eastern Shipping
Stock Trades Ex-Date For Income Distribution (InvIT)
Indus Infra Trust
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