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2024-02-09 05:31:01 Top 10 Stocks to watch Today

Life Insurance Corporation of India: The company saw a 49% year-on-year increase in net profit during the December quarter of FY24 at ₹9,444.4 crore compared to ₹6,334.2 crore during the same period last year. It was mainly driven by an increase in net income from investments and growth in net premium income. India’s largest insurer’s net premium income grew by 4.6% to ₹1.17 trillion compared to ₹1.11 trillion in Q3FY24.

Grasim Industries: The flagship company of Aditya Birla Group reported a 39.80% decline in its consolidated net profit for Q3FY24 at ₹1,514.44 crore, down from ₹2,515.78 crore a year ago. “Financials from previous period are not comparable on account of the acquisition of a 9.99% stake by ADIA entities in Aditya Birla Health Insurance," the company said in an exchange filing.

Zomato: The online food delivery platform reported a consolidated net profit of ₹138 crore, compared to a net loss of ₹347 crore in the year-ago period. Zomato's revenue from operations for the quarter came in at ₹3,288 crore, up 69% from ₹1,948 crore in the year-ago period. Total expenses were higher at ₹3,383 crore, compared to ₹2,485 crore in the corresponding period a year ago, the company said.

Bombay Dyeing and Manufacturing: The Indian realty-to-textile company reported a consolidated profit of ₹30.54 billion ($368 million) in the Q3FY24, compared to a loss of ₹1.01 billion rupees last year. Total expenses fell by 39.4% to ₹4.60 billion, largely due to a nearly 99% fall in inventories of finished goods, while its input costs also dropped 4.3%.

Apollo Hospitals: Beating market expectations, Apollo Hospitals Enterprises reported a whopping 60% rise in consolidated net profit (attributable to shareholders) at ₹245 crore in the quarter ending December FY24, compared to a net profit of ₹153.5 crore in the year-ago period. Apollo Hospitals also declared an interim dividend of ₹6 per share on Thursday.

IRCON International: The company reported a rise of 29% in its consolidated net profit at ₹244 crore in Q3FY24, compared to ₹190 crore in the year-ago period. The state-run engineering and construction firm's revenue from operations for the quarter rose 23% at ₹2,884 crore, compared to ₹2,346 crore in the same period last year.

Escorts Kubota: The Indian tractor maker reported a smaller-than-expected third-quarter profit on Thursday, as lower demand offset the fall in costs. Escorts Kubota's standalone net profit rose nearly 49% to ₹2.77 billion (about $33 million) for Q3FY24, but fell short of analysts' expectations of ₹2.82 billion, per LSEG data. Revenue rose 2.5% to ₹23.20 billion, the slowest growth since at least March 2022.

Rail Vikas Nigam: The public sector undertaking reported a decline of 6.2% in net profit at ₹358.6 crore in Q3FY24, compared to ₹382.4 crore in the yar-ago period. RVNL's revenue from operations in the quarter fell 6.4% to ₹4,689.3 crore, compared to ₹5,012.1 crore in the same period last year. On a sequential basis, the company's net profit fell 9.1 per cent from ₹394.4 crore during the quarter ending September 2023.

Biocon: Biocon Limited reported net profit of ₹660 crore in Q3FY24, compared to a net loss of ₹42 crore in the same quarter of the previous year. Apart from this, the firm reported a 34% rise in revenue at ₹3,954 crore, compared to ₹2,941 crore in the same quarter of the previous year.

MMTC: The company reported a net loss of 42.89 percent at ₹55.71 crore in the December quarter of FY24, against ₹97.55 crore during the previous quarter ended December 2022. Sales declined 99.90 percent to ₹0.73 crore in the quarter ended December 2023, compared to ₹763.16 crore during the same quarter in previous year, the firm said a regulatory filing.
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2024-02-08 14:39:05

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2024-02-08 13:15:53 Understanding Company Results: Impact Unveiled

1. Sales vs. Margins:

- High sales but shrinking margins worry investors.
- Lower sales but strong margins please the market.

2. Volume Signals:

- High trading volume before results suggests smart money's move.
- Retailers wait for results due to limited info.

3. Market Mindset:

- Poor results mean lower stock prices and investor losses.
- Investors rethink their strategy for better prospects.

4. Business Perspective:

- Stock market follows cycles; be ready for fluctuations.
- Adapt to market cycles for realistic expectations.

5. Investing Insights:

- Combine numbers with understanding for wise decisions.
- Choose investments matching your risk tolerance and goals. ओपन / कमेंट

2024-02-08 05:31:01 Top 10 Stocks to watch Today

Zomato: Online food delivery firm Zomato will be reporting its financial results on February 8 for the quarter ended on December 31, 2023. As per brokerages, the food delivery platform is expected to post resilient numbers. According to brokerage firm Kotak Institutional Equities, revenue is likely to have grown 61% year-on-year (YoY). “

Tata Consumer Products: The FMCG firm on Wednesday reported a 17.26% decline in its consolidated net profit to ₹301.51 crore in the December quarter on account of lower contributions by associate and joint venture firms. The consolidated profit before exceptional items and tax of the Tata Group FMCG arm was up 27.12% to ₹513.27 crore in the October-December period against ₹403.75 crore of the corresponding quarter a year ago.

Lupin: The pharamceutical major posted a massive surge of 300% in consolidated net profit at ₹613 crore in Q3FY24, compared to ₹153.4 crore in the year-ago period, driven by record-high sales on strong growth across geographies. This is the fourth straight quarter when profit has more than doubled for the company. Lupin's total revenue from operations for the quarter rose 20.2% to ₹5,197.4 crore, compared to ₹4,322 crore in the same period last year.

Trent: The Tata group company reported a 140% year-on-year (YoY) jump in its net profit for Q3FY24 at ₹370.6 crore, compared to a net profit of ₹154.8 crore in the same quarter last year. Revenue in Q3FY24 rose by 50.5% to ₹3,466.6 crore from ₹2,303.4 crore, YoY. The company’s EBITDA for the quarter spiked 95% to ₹629 crore from ₹323.2 crore, while EBITDA margin improved by 410 basis points (bps) to 18.1% from 14%, YoY.

Nestle India: Nestle India on Wednesday reported a net profit of ₹655.61 crore for the quarter ended December 2023, registering a growth of 4.4% compared to ₹628.06 crore in the same quarter last year. The company’s revenue in Q4CY24 grew 8% to ₹4,600.42 crore from ₹4256.79 crore, year-on-year (YoY).

Power Grid Corporation: The state-owned company on Wednesday reported a 10.5% year-on-year (YoY) increase in net profit at ₹4,028.3 crore for Q3FY24, compared to a net profit of ₹3,645.3 crore it had earned in the corresponding quarter last year, the company said in a regulatory filing. The company's revenue from operations increased 2.6% to ₹11,549.8 crore as against ₹11,261.8 crore in the corresponding period of the preceding fiscal. At the operating level,

Larsen & Toubro: The EPC company's power transmission and distribution business bagged large orders in the Indian and Middle East markets on Wednesday, it said in a filing to BSE. The business has secured an order to set up a 75 MW floating solar photovoltaic plant on a dam as a part of the ultra mega renewable energy power park being developed on Damodar Valley corporation reservoirs in Jharkhand and West Bengal.

Mankind Pharma: The promoters of Mankind Pharma on Wednesday revealed their plans to reduce their shareholding between February 8 and February 15 to meet the minimum public shareholding requirements. The promoter group members, including Sheetal Arora, Arjun Juneja and Puja Juneja, will seek to decrease their stake from the current 76.5 percent to 74.88 percent to comply with the minimum shareholding norms, says an exchange filing.

Larsen & Toubro: The engineering and construction major is facing challenges in finding the right buyer for its 1,400-megawatt Nabha power plant in Punjab. However, the company is in no haste to sell the asset and will wait for the right valuation, the company’s chief financial officer R. Shankar Raman told.

Vodafone Idea: The telecom company has asked for the government to create a subsidy scheme to encourage migration of feature phone users to smartphones through the respective operators, and disregard demands for shutting down 2G networks that serve poor consumers.
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2024-02-07 17:07:10 Lessons from William J. O'Neil

A company reducing its debt over 2-3 years is promising.

Stocks with fewer shares usually outshine large caps.

If RSI falls for 7+ months or sharply drops for 4, watch out.

Sell underperformers first; keep winners a bit longer.

In a 10% market dip, growth stocks could drop 15%, 20%, and 30%.

Recovery focus: Stocks down 15% or 20% could be prime after a rebound.

Beware: A stock sliding 35% to 40% in a 10% market fall signals caution.

Post-dip winners: Stocks hitting new highs first are often true leaders. ओपन / कमेंट

2024-02-07 05:31:52 Top 10 Stocks to watch Today

Britannia Industries: The biscuit manufacturer posted a 40 percent year-on-year decline in its consolidated net profit at ₹556 crore for the quarter ending December 31, 2023, in contrast to the ₹937 crore it had reported in the corresponding quarter of the previous year, missing market estimates. In sequential terms as well, Britannia's profit experienced a 5 percent decline, amounting to ₹587 crore.

Nestle India: The FMCG bellwether is likely to report a healthy double-digit growht in earnings for the quarter ended December 31, 2023, when it reports its earnings on Wednesday, february 7. Higher volumes and price-led growth, along with operating leverage benefits are likely to have help the company in the quarter.

Ashok Leyland: For the commercial vehicle manufacturer, FY24 is mainly about stellar margin performance. For the second consecutive quarter, Ashok Leyland has clocked a sequential improvement in Ebitda margin. For perspective, in the December quarter (Q3FY24), Ashok Leyland’s Ebitda margin improved to 12%, up from 11.2% in Q2, and 10% in Q1.

Tata Consumer Products: The FMCG major is expected to report double-digit growth in profit for Q3FY24 when it reports its third quarter results on Wednesday, February 7, on the back of sustained growth in volumes in the India business, steady international business and operating leverage benefits. The company’s net profit for the quarter is seen rising 26% year-on-year (YoY) to ₹344 crore, according to analysts' estimates.

Godrej Properties: The real estate major reported a consolidated net profit of ₹62.47 crore for the quarter ended December 2023, registering a 6% growth from ₹58.49 crore in the same quarter last year. Revenue in Q3FY24 rose 68% to ₹330.44 crore from ₹196.23 crore, year-on-year (YoY). Sales Bookings grew by 76% YoY to ₹5,720 crore in Q3FY24 and 59% YoY to ₹13,008 crore in 9MFY24.

Nykaa: FSN E-Commerce Ventures, which operates beauty and fashion retailer Nykaa, reported a rise of 98% in net profit to ₹16.2 crore (attributable to the equity shareholders), compared to ₹8.2 crore in the year-ago period, in Q3FY24. The total net profit (attributable to the shareholders + non-controlling assets) surged 106% to ₹17.5 crore, compared to ₹8.5 crore in the same period last year, as per its exchange filings.

Adani Enterprises, Ambuja Cements, ACC & Sanghi Industries: Cement maker Sanghi Industries has received support from proxy advisory firm InGovern for its proposals to purchase bulk coal from Adani Enterprises as well as sell cement it produces in bulk to Ambuja Cements and its subsidiary ACC. Ambuja Cements had acquired a majority stake in Sanghi Industries last year.

Eveready Industries India: The battery maker reported a 55% jump in third-quarter profit on Tuesday, helped by diminishing input costs. Eveready's total expenses fell almost 9% to 2.95 billion rupees, led by a 29% decline in raw material costs. As a result, consolidated net profit rose to 84.1 million rupees ($1 million) in the three months to December 31. Eveready's revenue, however, fell almost 8% to ₹3.05 billion.

EIH Limited: The flagship company of The Oberoi Group reported revenue from operations of ₹770 crore for the third quarter ended December 31, a year-on-year jump of 28%. It reported a profit after tax of ₹230 crore, up 55% over the corresponding period of the previous fiscal. EIH reported EBITDA of ₹353 crore, up 56.3% year-on-year.

TTK Prestige: Indian home appliances maker TTK Prestige reported a higher third-quarter profit on Tuesday, driven by strong demand for its cookware essentials. Consolidated net profit rose 8.5% to ₹624.8 million ($7.5 million) during the October-December period, snapping five straight quarters of declining profit.
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2024-02-06 14:15:46 Current Sentiments in the Market

Observing the market sentiments and their impact on investor behavior, some pattern are seen in a Bull Market and a Bear Market.

Side-Effects of Bull Market

- Investors tend to overlook fundamentals.

- Overconfidence leads to a belief that they know everything.

- Some contemplate leaving their jobs to become full-time traders.

- The finance minister becomes a distant memory.

- Every stock appears to be a potential multibagger.

Side-Effects of Bear Market

- Investors frequently scrutinize the fundamentals of their portfolio stocks.

- A realization that there's much more to learn sets in.

- Job security becomes a priority, and the regular income is valued.

- The blame game often targets the government and the finance minister.

- Stocks that once seemed promising now appear to be the worst, and the concept of multibaggers seems illusory.

In the dynamic world of the stock market, these sentiments influence decision-making and shape investor perspectives. ओपन / कमेंट

2024-02-06 05:31:01 Top 10 Stocks to watch Today

Bharti Airtel: Bharti Airtel's consolidated net profit in the quarter ended December rose nearly 55% year-on-year to ₹2,442 crore, helped by subscriber additions and a rise in average revenue per user. It posted revenues of ₹37,900 crore during the quarter, up 5.9% from the same period last year.

Ashok Leyland: The commercial vehicle maker reported a 60.5% YoY rise in its standalone net profit to ₹580 crore in the quarter ending December 2023. Net profit stood at ₹361.34 crore in the year-ago period. The company's net standalone revenue increased by 2.7% YoY to ₹9,273 crore against ₹9,029.7 crore in the year-ago period. The Hinduja group firm's EBITDA stood at ₹1114 crore during the quarter under review against Rs. 797 Cr (8.8%) during the December quarter.

Life Insurance Corporation of India: The company will announce its third quarter financial results and may declare an interim dividend for FY24 on February 8, the company said in an exchange filing on Monday. “A meeting of the Board of Directors of the Corporation is scheduled to be held on February 08, 2024, inter-alia, to consider and approve the Unaudited Financial Results (Standalone and Consolidated) for the quarter and nine-month period ended on December 31, 2023.

Adani Total Gas & INOX India: Adani Total Gas has entered into a mutual support agreement with INOX India under which both will get a “preferred partner" status for the delivery of LNG and LCNG equipment and services to identify and explore possible collaboration opportunities with an aim to strengthen the LNG ecosystem in the country.

JSW Infrastructure: The private port operator has earmarked about ₹6,000 crore for acquiring strategic assets, with an aim to bolster its presence in an industry dominated by the Adani Group. The firm is exploring a stake acquisition in a government-owned port slated for privatization, a senior executive of the company said. Arun Maheshwari, joint managing director and chief executive of JSW Infra, said the company has one of the strongest balance sheets in the ports sector and the headroom is good enough to expand aggressively, as long as the opportunity is value accretive.

Britannia Industries: The FMCG major is slated to report a 2% YoY increase in consolidated net profit when it reports it Q3FY24 results on Tuesday, February 6. Analysts peg the company's net profit at ₹566 crore, compared to the ₹556.8 crore it earned in the year-ago period. The also see muted growth in Q3FY24 on the back of a high base (anniversarisation of price hikes), some price cuts, high competition and low single-digit volume growth.

Jio Financial Services: The NBFC said in a clarification to the exchanges that it "has not been in any negotiations" to acquire Paytm's wallet business, on Monday night. The Mukesh Ambani-led financial services provider issued a statement to the exchanges to clarify on news reports which stated that it is in talks to acquire Paytm wallet.

Tata Consultancy Services: The IT services major announced that it has been picked as a strategic partner by Europ Assistance, a leading global assistance and travel insurance company in a multi-year partnership to transform its global IT operating model for enhanced resilience, scalability and user experience, on February 5.

Ideaforge Technology: The unmanned aircraft systems maker has clocked a net profit of ₹14.8 crore for the October-December period of FY24 against a loss of ₹7.8 crore in the same period last year, boosted by healthy topline and operating numbers.

Tata Chemicals: The Tata group company reported consolidated net profit of ₹158 crore for the quarter ended December 2023, down 60% compared to the year-ago period, impacted by lower topline as well as disappointing operating numbers. Power & fuel and input costs remained lower YoY.
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2024-02-05 13:07:39 *Why Bank of India is Down Post-Q3 Results:*

1. *Net Interest Income (NII) Drop:* Bank of India witnessed a 2.35% decline in its Net Interest Income (NII), showcasing a reduction in earnings from lending activities compared to the previous year.

2. *Net Interest Margin (NIM) Contraction:* The Net Interest Margin (NIM) also contracted to 2.85%, down from 3.08% in the previous quarter, reflecting reduced profitability in interest-related transactions.


3. *Provisions and Asset Quality:* While provisions decreased by 43.7%, concerns arise over the asset quality as gross non-performing assets (GNPAs) stand at 5.35% and net non-performing assets (NNPAs) at 1.41%.

4. *Profit Surge vs. Market Reaction:* Despite a substantial 62.4% increase in net profit, the market reaction was adverse, leading to a notable dip in the stock price.

5. *Yearly Performance Discrepancy:* Bank of India's stock, despite showing a yearly gain of over 79%, experienced a significant decline of 6.79% post-Q3 results, indicating dynamic market reactions.

Disclaimer : This is not an investment advice and this is not an investment recommendation. ओपन / कमेंट

2024-02-05 07:24:29 Tatamotors: A Remarkable Investment Story

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