Stock Market: Hot Stocks to Explode on 15th May 2024

Trending Stocks In Indian Stock Market To Bet On 15th May 2024

Chalet Hotels Ltd.

Rs.765/-

Chalet Hotels Ltd experienced significant revenue and profit growth in Q4 FY24.

• Despite a –5.81% decline in the last week, its long-term performance shows a remarkable 450.88% increase over three years.
• Analysts recommend buying, indicating positive market sentiment towards Chalet.
• Investors interested in the hospitality sector’s growth opportunities should consider investing in Chalet for its promising future prospects.

Canara Bank: Boost in Trading Activity 

Rs.118/-

• Canara Bank’s recent stock split, with a ratio of 1:5, led to a surge of 4.8% in its stock value.
• This move is anticipated to amplify trading activities, attracting a broader base of retail investors.
• Inclusion of Canara Bank in MSCI indices is projected to attract foreign investments worth $2 billion into the domestic equities market.
• Over the last three years, CANBK has delivered impressive returns of 272.31%, indicating its strong performance and potential for growth.

JUBILANT INGREVIA: Mixed Q4 Results

Rs.549/-

• Jubilant Ingrevia Ltd witnessed a significant increase of 7.47% in its stock value.
• However, the company reported a 44% decline in Q4 profits, falling short of expectations.
• Despite the profit downturn, Jubilant Ingrevia remains optimistic about sequential improvements across all three segments in FY24.
• The focus on customer-centric strategies and expanding product offerings underscores the company’s commitment to long-term growth.
• The board of directors has recommended a final dividend of Rs 2.50 per equity share for FY24, indicating confidence in the company’s financial stability.
• Over the last year, JUBLINGREA has delivered returns of 23.39%, reflecting its resilience amidst market fluctuations.

Archean Chemical Industries Ltd : Decrease in Net Profit

Rs.619/-

• Archean Chemical Industries Ltd witnessed a decline of 4.15% in its stock value.
• The company reported a substantial 56.4% decrease in net profit, amounting to Rs 59.64 crore in Q4 FY24 compared to the same period in FY23.
• This decline in profit was accompanied by a 25.9% decrease in net sales, totaling Rs 283.39 crore in Q4 FY24.
• For the full fiscal year FY24, Archean Chemical reported a net profit of Rs 322.35 crore, reflecting a 16% decline compared to the previous year.
• Similarly, the company’s net sales for FY24 stood at Rs 1,329.58 crore, down by 7.7% year-on-year.
• Despite the decline in financial performance, ACI managed to deliver returns of 20.12% over the last year, showcasing its resilience in the market.

SIEMENS: Stellar Q4 Performance

Rs.7,139/-

• Siemens Ltd saw a notable increase of 6.64% in its stock value.
• The company reported a remarkable 70% year-on-year rise in net profit for Q4FY24, surpassing market expectations.
• In addition to strong financial results, Siemens announced a fresh capital expenditure (capex) exceeding Rs. 500 crore.
• Furthermore, the company revealed plans to demerge its energy business into a separate legal entity, signaling strategic restructuring.
• Leading financial firms Jefferies and Motilal Oswal Financial Services raised their target prices on Siemens stock to Rs. 8,000 and Rs. 7,800 respectively, reflecting bullish sentiment.
• Over the past five years, SIEMENS has delivered exceptional returns of 507.54%, highlighting its consistent performance and investor confidence.

Aarti Industries Ltd: Mixed Ratings

Rs.621.45/-

• Aarti Industries Ltd experienced a decline of 4.57% in its stock value.
• Emkay Global Financial Services has a bullish outlook on Aarti Industries, issuing a buy call with a target price of Rs 800.
• Despite a mixed performance, Aarti’s Q4 EBITDA met expectations, and management maintained its FY25 EBITDA guidance at Rs 14.5-17 billion.
• However, Prabhudas Lilladher recommends a ‘Reduce’ rating for Aarti Industries, citing weakness in demand specifically within the agrochemical segment.
• Over the past year, AARTIIND has delivered returns of 32.5%, indicating investor interest amidst varying analyst sentiments.

Aarti Pharmalabs Ltd : Strong Q4 Performance

Rs.586.15/-

• Aarti Pharmalabs Ltd saw a decrease of 4.89% in its stock value.
• The company reported a robust 52% year-on-year growth in net profit for Q4FY24, contributing to an uptick in its share price.
• Additionally, Aarti Pharmalabs declared a dividend payout of Rs.1 per equity share for FY24, reflecting its commitment to rewarding shareholders.
• Aarti Pharmalabs is actively engaged in the development of over 50 new products, demonstrating its focus on innovation and expansion.
• With 50% of its revenue generated from export sales, the company showcases its strong presence in the global market.
• Over the past year, AARTIPHARM has delivered returns of 36.53%, indicating investor confidence amidst positive financial performance.

CIPLA: Promoter Stake Sale

Rs.1405.50/-

• Cipla Ltd witnessed a positive increase of 3.83% in its stock value.
• Cipla promoters sold a 2.53% stake for philanthropic purposes, resulting in a stock surge of over 5%.
• Despite the stake sale, the entire promoter group maintains a significant 31.67% ownership in the company, ensuring continuity and stability.
• Cipla reported an impressive 78% rise in consolidated net profit for Q4 FY24, indicating strong operational performance.
• Over the past year, CIPLA has delivered returns of 53.3%, reflecting investor confidence amidst strategic initiatives and positive financial results.

BUTTERFLY: Decline in Revenue and Profits

Rs.760.90/-

• Butterfly Gandhimathi Appliances Ltd observed a decline of 3.93% in its stock value.
• The company reported a decrease in both revenue and profits for FY24 and Q4FY24, indicating challenges in its financial performance.
• Thiyagu P S, Head of R&D, resigned from his position citing personal and professional reasons, potentially impacting the company’s future research and development initiatives.
• The resignation introduces uncertainty regarding the continuity of the company’s R&D plans, raising concerns among investors about its innovation capabilities.
• Despite recent setbacks, BUTTERFLY has delivered impressive returns of 392.93% over the last five years, showcasing its historical growth and market potential.

Oberoi Realty Ltd: Stellar Q4 Performance

Rs.1574.25/-

• Oberoi Realty Ltd experienced a notable increase of 4.76% in its stock value.
• The company reported a significant 64% year-on-year increase in net profit for Q4FY24, surpassing market expectations.
• Oberoi Realty’s board approved the issuance of Non-Convertible Debentures (NCDs) worth Rs. 20,000 crore on a private placement basis, indicating strategic financial planning.
• The approval for NCD issuance is expected to pave the way for future revenue growth opportunities, enhancing the company’s financial flexibility.
• Over the past three years, OBEROIRLTY has delivered impressive returns of 178.06%, reflecting its consistent growth trajectory and investor confidence.

EDELWEISS: Positive Q4 Performance

Rs.78.50/-

• Edelweiss Financial Services Ltd witnessed a 6.1% increase in its stock value.
• The company reported a notable 13.3% year-on-year rise in net profit, reaching Rs. 169.1 crore for Q4FY24, indicating robust financial performance.
• Despite a slight 1.5% drop in revenue from operations to Rs. 2,967.3 crore, Edelweiss’s EBITDA surged by 13.2% to Rs. 387 crore in Q4FY24, showcasing operational strength.
• Over the past year, EDELWEISS has delivered returns of 25.33%, underlining investor confidence amidst positive financial outcomes.

THERMAX: Surging Stock Amid Analyst Concerns

Rs.5080/-

• Thermax Ltd experienced a significant surge of 8.49% in its stock value.
• Despite concerns regarding valuations and medium-term return ratios, Thermax’s stock rallied by 19% in just four days, reflecting investor optimism.
• Analysts have issued price targets with up to 27% potential downside on the stock due to anticipated incremental investments impacting return ratios in the medium term.
• Despite analyst concerns, THERMAX has delivered impressive returns of 90.79% over the last year, indicating strong performance and investor confidence amidst market fluctuations.

Colgate-Palmolive (India) Ltd: Strong Q4 Performance

Rs.2673/-

• Colgate-Palmolive (India) Ltd witnessed a decline of 3.15% in its stock value.
• The company reported a commendable 20.1% year-on-year increase in net profit, totaling Rs. 379.8 crore for Q4 FY24, indicating robust financial performance.
• Colgate-Palmolive’s domestic sales grew by 10.7% during the quarter, driven by positive signs of demand recovery in rural markets.
• To reward shareholders, the board declared a second interim dividend of Rs. 26 per share along with a one-time special interim dividend of Rs. 10 per share, reflecting confidence in the company’s financial strength.
• Over the past year, COLPAL has delivered returns of 70.85%, demonstrating its resilience and attractiveness to investors amidst strong performance in the market.

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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.