Exploring Lucrative Investment Prospects in the Indian Stock Market on July 23, 2024
Oberoi Realty at Indian Stock Market
Oberoi Realty Ltd
Rs.1,794.95/-
Oberoi Realty Posts Significant Q1FY25 Gains
Oberoi Realty’s Q1FY25 net profit increased by 82% year-on-year to Rs. 584.5 crore.
The surge was driven by a robust revenue growth of 54.4%, reaching Rs. 1,405.2 crore.
Brokerage firms have responded positively, raising target prices and expressing optimism about future growth.
Morgan Stanley upgraded Oberoi Realty to “equal-weight” from “under-weight,” setting a new target price of Rs. 1,900 per share.
Over the last year, OBEROIRLTY stock has delivered a return of 56.59%.
Suzlon Energy Ltd at Indian Stock Market
Suzlon Energy Ltd
Rs.57.80/-
Suzlon Energy Reports Impressive Q1FY25 Performance
Suzlon Energy’s net profit for Q1FY25 surged by 200% year-on-year, reaching Rs. 302 crore.
Revenue from operations increased by 50% year-on-year, totaling Rs. 2,016 crore.
Brokerage firms are optimistic about Suzlon’s growth potential in the wind energy sector.
Over the past five years, SUZLON stock has delivered a remarkable return of 1198.81%.
Karur Vysya Bank Ltd
Rs.207.48/-
Karur Vysya Bank’s Financial Growth and Dividend Hike
Karur Vysya Bank posted a PAT of Rs. 459 crore for the June 2024 quarter, up from Rs. 359 crore year-on-year.
Both Gross Non-Performing Assets (GNPA) and Net NPA showed quarter-on-quarter improvement.
The bank announced an increased dividend payment for the current fiscal year.
Over the past three years, KARURVYSYA stock has delivered an impressive return of 320.68%.
ITC Limited Share Price Surge
ITC Ltd
Rs.470.85/-
ITC’s Promising Future and Consistent Performance
ITC has a stellar track record on Budget days, delivering positive returns nine out of ten times.
Prabhudas Lilladher increased its weight on ITC by 50bps, anticipating a favorable cigarette taxation environment.
Macquarie rated ITC as “Outperform,” citing strong EBIT growth in the cigarette segment due to market leadership and innovation.
Over the last three years, ITC shares have provided a return of 129.25%.
Shriram Finance Ltd
Rs.2,747.70/-
Shriram Finance Anticipates Budget Focus on Infrastructure and MSMEs
Shriram Finance anticipates the Union government’s upcoming budget to prioritize infrastructure development and the MSME sector.
Emphasis on logistics infrastructure is expected to enhance the affordability and global competitiveness of Indian manufacturing.
Over the past year, SHRIRAMFIN stock has delivered a return of 56.48%.
United Spirits Ltd
Rs.1,288.10/-
United Spirits Set to Announce Quarterly Earnings
United Spirits Ltd is scheduled to release its quarterly earnings on July 23.
Investors and analysts are keenly awaiting the financial results to gauge the company’s growth potential.
The earnings report could influence the stock price of United Spirits Ltd.
Over the past year, UNITDSPR stock has yielded a return of 32.74%.
Persistent Systems Ltd at Indian Stock Market
Persistent Systems Ltd
Rs.4,739.95/-
Persistent Systems Shows Robust Q1FY25 Revenue Growth
Persistent Systems reported Q1FY25 revenue of Rs 2,737 crore, marking a 17.9% year-on-year increase and a 5.7% sequential rise.
The company secured total contract value deals worth $462.8 million, up from $447.7 million in Q4 FY24.
PERSISTENT stock has delivered a return of 92.02% over the past year.
Mangalore Refinery and Petrochmcls Ltd
Rs.207.44/-
MRPL Q1FY25 Earnings Show Significant Profit Decline
Mangalore Refinery and Petrochemicals Ltd (MRPL) reported a 93.53% year-on-year decrease in Q1 FY25 net profit, down to ₹65.57 crore.
EBITDA dropped by 69.32% year-on-year, reaching ₹650.35 crore for June 2024.
Revenue from operations, however, saw a 9.79% year-on-year increase, totaling ₹23,247.02 crore.
Despite these mixed results, MRPL stock has delivered a return of 147.41% over the past year.
BCL Industries Ltd
Rs.62.73/-
BCL Industries Faces Rising Debt Concerns
BCL Industries’ debt has risen to ₹4.76 billion as of March 2024.
The company has ₹3.48 billion in liabilities due within the next 12 months and ₹2.79 billion due beyond that.
With limited cash reserves, BCL’s increasing debt levels pose a significant risk.
Despite the debt challenges, BCLIND has delivered an impressive 318.94% return over the past five years.
J K Cement Ltd at Indian Stock Market
J K Cement Ltd
Rs.4,454.35/-
JK Cement Reports Impressive Q1FY25 Earnings
JK Cement’s consolidated net profit for Q1FY25 surged by 67% year-on-year to Rs. 184.82 crore.
Revenue from operations increased by 1.62%, reaching Rs. 2,807.57 crore.
Following these strong results, brokerage firms have raised target prices for the stock.
Over the past year, JKCEMENT has delivered a return of 36.11%.
RPG Life Sciences Limited
Rs.1,928.10/-
RPG Life Sciences Shines in Q1
RPG Life Sciences posted Q1 net sales of ₹165.42 crore, marking an 11.94% increase year-on-year.
Net profit surged to ₹26.76 crore for June 2024, up by 21.09% from last year.
Earnings Per Share (EPS) climbed to ₹16.18, compared to ₹13.36 in June 2023.
Remarkable 830.71% return over the past 5 years.
Cyient DLM Ltd
Rs.743.30/-
Cyient DLM Sees Robust Q1 Performance
Cyient DLM’s Q1 net profit nearly doubled to ₹10.5 crore year-over-year.
Revenue surged 18.7% to ₹257.8 crore.
Growth primarily driven by strong performance in defence and aerospace sectors, mitigating industrial sector weaknesses.
Notable 54.42% return over the past year.
Jana Small Finance Bank Ltd
Rs.661.30/-
Jana Small Finance Bank Delivers Impressive Q1 Results
Net profit surged 89-90% year-over-year to ₹171 crore for Q1 FY25.
Total deposits climbed 41% YoY, reaching ₹23,710 crore.
Advances increased 25% YoY to ₹25,759 crore.
Strong results are likely to enhance investor confidence and drive future revenue growth.
JSFB achieved an 82.41% return in the past year.
Vedanta at Indian Stock Market
Vedanta Ltd
Rs.428.40/-
Vedanta Secures Funding and Mineral Assets
Vedanta Ltd secured ₹85 billion through a Qualified Institutional Placement (QIP), with key investments from Abu Dhabi Investment Authority and Goldman Sachs AMC.
The company was selected as the preferred bidder for two significant mineral blocks in Karnataka and Bihar.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of News Lounge 24×7. We advise investors to check with certified experts before taking any investment decisions.