Exploring Lucrative Investment Prospects in the Indian Stock Market on July 31, 2024 Vedanta at Indian Stock Market Vedanta Ltd Rs.446.05/-
Vedanta’s Demerger Scheme Receives Approval
Vedanta Ltd. has secured approval from 75% of its secured creditors for its demerger scheme filing. The demerger aims to simplify Vedanta’s corporate structure. Independent businesses will be created, providing global investors with direct investment opportunities in pure-play companies. This initiative is linked to India’s growth prospects. Over the past year, VEDL has delivered returns of 62.66%. Maruti Suzuki Ltd at Stock Market Maruti Suzuki India Ltd Rs.12,941.60/-
Maruti Suzuki’s Q1FY25 Revenue Outlook
Maruti Suzuki is anticipated to report stable revenue growth in Q1FY25. A year-on-year net profit increase of 30-36% is expected. Volume growth is being driven by strong sales of SUVs and increased exports. Analysts warn of potential margin declines quarter-on-quarter due to commodity pressures and high discounting. Maruti has delivered a 29.84% return over the past year. Tata Steel Ltd at Indian Stock Market Tata Steel Ltd Rs.163.90/-
Tata Steel’s Positive Q1FY25 Profit Outlook
Tata Steel’s net profit for Q1FY25 is expected to rise year-on-year. Despite the profit increase, revenues may decline by 6% YoY. Analysts predict EBITDA to reach Rs 6318 crore, marking a 22% YoY growth. Tata Steel recently acquired over 5.57 billion equity shares in its Singapore-based subsidiary for $875 million. The company has delivered a 32.25% return over the past year. Indus Towers Ltd at Indian Stock Market Indus Towers Ltd Rs.432.70/-
Indus Towers Announces Share Buyback and Strong Q1FY25 Results
Indus Towers has approved a share buyback of up to 2.1% for Rs 2,640 crore, offered at a 4% premium. Q1FY25 net profit surged 43% YoY, reaching Rs 1,926 crore. Revenue for the quarter grew by 4.3% YoY. EBITDA margin increased to 61.6%, while Return on Equity (Pre-Tax) improved to 34.7%. Indus Towers has achieved a remarkable 157.79% return over the past year.
Exide Industries Ltd Rs.527.00/-
Exide Industries Delivers Strong Q1FY25 Performance
Exide Industries reported a 16% YoY increase in net profit, reaching Rs 280 crore for Q1FY25. Revenue from operations rose by 6%, totaling Rs 4,313 crore. Growth was observed in both the automobile and industrial sectors. Exide Industries has provided an impressive return of 121.11% over the past year.
Navin Fluorine International Limited Rs.3,806.50/-
Navin Fluorine’s Q1 Profit Declines Despite Revenue Growth
Navin Fluorine International Ltd’s Q1 net profit fell by 17% YoY to Rs 51 crore, falling short of analysts’ expectations. Revenue for the quarter increased by 6.6% YoY, reaching Rs 523.7 crore. EBITDA margin dropped to 19.2%, compared to 23.3% in the same period last fiscal year. Over the past five years, Navin Fluorine has delivered a remarkable return of 493.5%. Power Grid Corporation of India Ltd at Stock Market Power Grid Corporation of India Ltd Rs.348.50/-
Power Grid’s Ambitious Undersea Project and Capex Increase
Power Grid Corporation of India plans to invest up to Rs 40,000 crore in an undersea interconnection project with Middle Eastern countries. The company has raised its capex target for FY25 to Rs 18,000 crore. Revenue for FY25 is expected to grow by 4-5%. Over the past year, Power Grid has delivered a 71.57% return. Dixon Technologies (India) Ltd at Indian Stock Market Dixon Technologies (India) Ltd Rs.12,175.00/-
Dixon Technologies Posts Impressive Q1FY25 Results
Dixon Technologies’ Q1FY25 net profit surged 109% YoY, reaching Rs 140 crore. Revenue for the quarter increased by 101% YoY, totaling Rs 6,580 crore, driven by strong performance in the mobile and EMS divisions. Despite the robust results, CLSA downgraded Dixon Technologies to Hold, raising the target price to Rs 11,400 per share. Over the past year, Dixon Technologies has delivered an impressive return of 182.09%. Jindal Steel and Power Limited at Indian Stock Market Jindal Steel And Power Ltd Rs.986.15/-
Jindal Stainless Faces Q1FY25 Profit Decline Amid Fundraising Plans
Jindal Stainless Ltd reported a 13.1% YoY decline in net profit, totaling Rs 648.06 crore for Q1FY25. Revenue from operations decreased by 7.4% YoY, amounting to Rs 9,429.76 crore. The company’s Board has approved raising up to Rs 5,000 crore through equity and/or debt instruments. Over the past five years, Jindal Stainless has delivered an extraordinary return of 2445.44%.
Sumitomo Chemical India Ltd Rs.523.20/-
Sumitomo Chemical India Exceeds Q1FY25 Expectations
Sumitomo Chemical India Ltd’s Q1FY25 results surpassed market expectations. The company achieved notable top-line growth and significant margin expansion. A strong recovery in the domestic market has led to optimism for FY25. Anand Rathi recommends buying Sumitomo Chemical India Ltd, setting a target price of Rs 570. Over the past year, Sumitomo Chemical has delivered a return of 29.3%. Tata Consumer Products Ltd Rs.1,177.20/-
Tata Consumer Products Q1 FY25 Financial Update
Tata Consumer Products reports an 8.5% year-on-year decline in Q1 net profit to ₹290 crore. Revenue for the quarter increased by 16.3% year-on-year, reaching ₹4,352 crore. EBITDA margin improved by 70 basis points year-on-year, now at 15.3%. TATACONSUM has delivered a 39.81% return over the past year. BSE Ltd Rs.2,593.25/-
BSE Ltd. Shares React to SEBI’s Proposed Changes
BSE Ltd. shares open lower due to SEBI’s proposed changes to Futures & Options trading. Jefferies forecasts a potential impact on BSE’s EPS by 7% to 9% for FY2025-2027 if the Bankex weekly contract is removed. Investor concerns over earnings have led to a decline in stock price. BSE has achieved 201.54% returns over the past year. Gail (India) Ltd at Indian Stock Market Gail (India) Ltd Rs.239.26/-
GAIL India Delivers Robust Q1 FY25 Results
GAIL (India) Ltd. reports a 77.5% increase in consolidated net profit, reaching ₹3,183.35 crore in Q1 FY25. Revenue from operations rose to ₹34,821.89 crore for the quarter. The company’s strong performance exceeded street estimates, boosting its stock price. GAIL has achieved a 94.69% return over the past year. Torrent Power Ltd at Indian Stock Market Torrent Power Ltd Rs.1,873.90/-
Torrent Power Q1 FY25 Performance Surges
Torrent Power reports an 88% year-on-year increase in Q1 net profit, reaching ₹972 crore. Revenue from operations rose by 23.3% year-on-year, totaling ₹9,034 crore. Subsidiary Torrent Urja 18 Private Limited will produce and sell hydrogen and its byproducts. TORNTPOWER has delivered a 135.27% return over the past year.
IndiaMART InterMESH Ltd at Indian Stock Market IndiaMART InterMESH Ltd Rs.2,957.35/-
IndiaMART InterMESH Q1 FY25 Financial Highlights
IndiaMART InterMESH reports consolidated revenue of ₹331 crore for Q1 FY25, up from ₹282 crore year-on-year. Net profit for the quarter stood at ₹114 crore, with a margin of 30%. EBITDA margin improved to 36.1%, an increase of 870 basis points year-on-year. INDIAMART has shown a -2.04% return over the past year.
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