Indian Stock Market: Prime Investment Opportunities for August 1, 2024 Wipro Ltd at Indian Stock Market Wipro Ltd Rs.524.65/-
Wipro Secures Major Contract with MAHLE
Wipro has secured a multi-year contract with MAHLE to upgrade its IT infrastructure using hybrid cloud solutions. The project aims to enhance MAHLE’s IT ecosystem, improving business agility, standardizing operations, and digitizing processes. It will also ensure compliance with all regulatory requirements. Wipro has delivered a 28.75% return over the past year. Zomato Ltd at Indian Stock Market Zomato Ltd Rs.233.00/-
Zomato’s Impressive Growth and New Feature Tease
Zomato’s Q1 revenue is projected to increase by 62% YoY, with net profit expected to grow significantly. Axis Securities initiates coverage on Zomato, forecasting a 22% upside potential. Zomato has teased a new feature, ‘District by Zomato’, generating curiosity and speculation. The company has delivered a 170.07% return over the past year. Adani Power Ltd at Indian Stock Market Adani Power Ltd Rs.716.85/-
Adani Power: Profit Decline Amid Rising EBITDA
Adani Power reported a 55% YoY drop in net profit, reaching Rs 3,913 crore for Q1FY25. Total income decreased to Rs 15,474 crore from Rs 18,109 crore in the same quarter of the previous year. However, EBITDA surged by 52.63%, reaching Rs 6,290 crore in Q1FY25 compared to Rs 4,121 crore in Q1FY24. Adani Power has provided a remarkable 685.41% return over the past three years. ITC Limited at Indian Stock Market ITC Ltd Rs.493.70/-
ITC Ltd: Steady Growth Projected for Q1 FY25
ITC Ltd is anticipated to see healthy revenue growth in Q1 FY25, driven by its cigarettes and hotels businesses. Revenue for the April-June 2024 period is expected to increase by 6% YoY. Net profit is likely to rise by 3% YoY. Analysts forecast single-digit growth for Q1FY25, with cigarette volume growth between 2-3%. ITC has delivered a 136.32% return over the past three years. Tata Motors Ltd at Indian Stock Market Tata Motors Ltd Rs.1,143.20/-
Tata Motors: Exceptional Q1 Growth and Global Recognition
Tata Motors’ Q1 revenue growth is driven by Jaguar Land Rover (JLR) and the commercial vehicle (CV) business. Net profit is expected to see a robust 48% YoY increase. Tata Motors has entered the top 10 most valuable automobile firms globally, a first for any domestic carmaker. Tata Motors has provided an impressive 756.82% return over the past five years. Bank of Baroda Ltd at Indian Stock Market Bank of Baroda Ltd Rs.252.40/-
Bank of Baroda: Notable Q1 Profit Increase and Improved Asset Quality
Bank of Baroda reported a 9.5% YoY increase in net profit, reaching Rs 4,458 crore for Q1 FY25. Net interest income (NII) rose by 5.5%, totaling Rs 11,600 crore compared to Rs 10,996.7 crore in Q1 FY24. Gross non-performing assets (GNPA) decreased to 2.88% in June 2024 from 3.51% in June 2023. Bank of Baroda has achieved a 217.34% return over the past three years. Infosys Ltd at Indian Stock Market Infosys Ltd Rs.1,857.55/-
Infosys Faces Pre-Show Cause Notice for Alleged GST Evasion
Infosys has received a pre-show cause notice from Karnataka State GST authorities for alleged GST evasion of Rs 32,403 crore. The demand pertains to the period from July 2017 to March 2022, related to expenses incurred by Infosys’ overseas branch offices. Infosys has delivered a 38.46% return over the past year. Tata Steel Ltd at Indian Stock Market Tata Steel Ltd Rs.162.98/-
Tata Steel: Significant Profit Increase Despite Revenue Decline
Tata Steel reported a 51.4% YoY increase in consolidated net profit, reaching Rs 960 crore for Q1FY25. Revenue from operations declined by 8% YoY to Rs 54,771 crore. The company’s net profit fell short of analysts’ expectations. Tata Steel has delivered a 33.23% return over the past year. Adani Energy Solutions Ltd at Indian Stock Market Adani Energy Solutions Ltd Rs.1,219.35/-
Adani Energy Solutions Raises $1 Billion via QIP
Adani Energy Solutions successfully raised $1 billion through a Qualified Institutional Placement (QIP). The QIP was oversubscribed 3-6 times, reflecting strong investor interest from major domestic and foreign institutional investors. Funds will be allocated for capital expenditure, debt repayment, and general corporate purposes. Adani Energy Solutions has delivered a 37.07% return over the past year. Coal India Ltd at Indian Stock Market Coal India Ltd Rs.538.10/-
Coal India: Modest Profit and Revenue Growth in Q1FY25
Coal India reported a 4% YoY increase in consolidated net profit, reaching Rs 10,959 crore for Q1FY25. Revenue from operations rose by 1.3% YoY to Rs 36,465 crore. The company’s raw coal production increased by 8%, totaling 189.3 million tonnes in Q1. Coal India has delivered a 126.54% return over the past year.
Hero Motocorp Ltd at Indian Stock Market Hero Motocorp Ltd Rs.5,424.00/-
Hero MotoCorp Declares 2000% Dividend for FY24
Hero MotoCorp announces a 2000% dividend for FY24, equating to Rs 40 per equity share. The ex-date is set for August 1, with book closure from August 2-12. Sales growth is expected to slow following mid-single-digit growth in June; premium launches have yet to significantly impact numbers. Hero MotoCorp has provided a 69.94% return over the past year. Godfrey Phillips India Ltd at Indian Stock Market Godfrey Phillips India Ltd Rs.4,281.15/-
Godfrey Phillips Exits 24Seven Retail Business
Godfrey Phillips India Ltd plans to exit its retail business operated under the 24Seven brand. Revenue from the retail operations for FY23-24 was Rs 403 crore, accounting for 7.6% of the total revenue. A recent court ruling permits Godfrey Phillips to proceed with its exit strategy. The company has delivered a 306.79% return over the past three years. Aster DM Healthcare Ltd at Indian Stock Market Aster DM Healthcare Ltd Rs.370.55/-
Aster DM Healthcare: Significant Q1FY25 Profit Surge
Aster DM Healthcare reports a net profit of Rs 81 crore in Q1FY25, marking an 81.3% YoY increase. Revenue from operations grew by 19-23.7% YoY, reaching Rs 1,002 crore. The EBITDA margin stood at 17.95%. Higher occupancy during the flu season significantly boosted profits. Aster DM has delivered a 115.04% return over the past three years. Crompton Greaves at Stock Market Crompton Greaves Consumer Electricls Ltd Rs.455.95/-
Crompton Greaves: Impressive Q1FY25 Performance
Crompton Greaves Consumer Electricals reported a 14% YoY revenue growth in Q1FY25, fueled by summer demand. Net profit surged 25% YoY to Rs 152.35 crore, exceeding estimates. Analysts anticipate future growth supported by an increasing share of premium products and success in solar/agri pumps and appliances. Crompton has delivered a 51.57% return over the past year.
Maruti Suzuki Ltd at Stock Market Maruti Suzuki India Ltd Rs.13,179.70/-
Maruti Suzuki Q1 FY25 Financial Results Impress
Maruti Suzuki India reports a 47% year-on-year increase in net profit for Q1 FY25, totaling ₹3,650 crore. Revenue for the same period rose by 10% year-on-year, reaching ₹35,531 crore. The company’s robust financial performance is expected to boost investor confidence and may lead to future stock price growth. MARUTI has delivered a 31.09% return over the past year.
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