Stock Market: Hot Stocks to Explode on 21st May 2024

Trending Stocks In Indian Stock Market To Bet On 21st May 2024

Rail Vikas Nigam Ltd.

Rs.321.20 /-

Rail Vikas Nigam Ltd Wins Major Project and Posts Impressive Financials

• Project Win: RVNL secures Rs 148.3 crore project from South Eastern Railways for Kharagpur division.
• Financials: Q4 FY24 revenue at Rs 6,714 crore, up 17.4% YoY.
• Stock Performance: 15% rise this week, 905.7% return in three years.
• Dividend: Declared 21.10%.

Zydus Wellness Ltd

Rs.1,735.35/-

Zydus Lifesciences Posts Impressive Q4FY24 Results

• Performance: Q4FY24 EBITDA grew by 40%.
• Growth Areas: Biosimilars scale-up and recovery in consumer wellness.
• Market Momentum: Strong bullish technical indicators.
• Stock Performance: ZYDUSWELL returned 22.54% in the past year

Bharat Electronics Ltd

Rs.278.30/-

Bharat Electronics Ltd Reports Strong Q4 Performance

• Profit Increase: Q4 net profit up 30% YoY to Rs. 1,797 crore.
• Revenue Growth: Revenue from operations up 32% YoY to Rs. 8,564 crore in Q4FY24.
• Upward Target Price: Revised to Rs. 305 per share.
• Future Outlook: Expected double-digit revenue growth.
• Stock Performance: 134.31% return in the last year.

Apollo Pipes Ltd

Rs.618.05/-

Apollo Pipes Reports Q4 Profit and New Business Venture

• Q4 Profit: Rs 6.90 crore for Q4 FY24.
• Revenue: Rs 255.60 crore from operations.
• New Business Line: Announced UPVC Doors & Windows Profiles with an initial investment of Rs 45 crore.
• Growth Potential: Diversification into new markets and revenue streams.
• Stock Performance: APOLLOPIPE has delivered 404.35% returns over the last five years.

Parag Milk Foods Ltd

Rs.187.75/-

Parag Milk Foods Reports Strong Revenue Growth

• Revenue Growth: 8.5% increase in FY24.
• Brand Strength: Driven by strong brand equity and competitive market positioning.
• Gross Profit: ₹749 crore with a margin of 23.9%.
• Focus on Margins: Continued emphasis on expanding margins.
• Stock Performance: PARAGMILK has delivered 103.41% returns over the last year.

Wheels India Ltd

Rs.685/-

Wheels India Ltd Reports Strong Financial Results

• Q4 Net Profit: Increased by 79% YoY to Rs 38.3 crore.
• Q4 Revenue: Grew by 1.6% YoY to Rs 1,271.5 crore.
• FY24 Net Profit: Up by 8.6% to Rs 67.9 crore.
• FY24 Revenue: Increased by 6.3% to Rs 4,619 crore.
• Dividend: Board recommends Rs 7.39 per share.
• Stock Performance: WHEELS has delivered 19.46% returns over the last three years.

Delhivery Ltd

Rs.397.65/-

Delhivery Ltd Reports Positive Results but Faces Share Price Decline

• Q1 2024 Performance: Net loss narrows to ₹68.4 crore from ₹158.6 crore YoY, with a 12% revenue increase to ₹2,075 crore.
• EBITDA Growth: Tripled to ₹45.9 crore from ₹13.5 crore in the previous year.
• Share Price Decline: Despite positive results, shares fell by 11% and remain below IPO price of ₹487.
• Stock Performance: DELHIVERY has delivered 20.17% returns over the last year.

Balkrishna Industries Ltd

Rs.3060/-

Balkrishna Industries Ltd Reports Robust Q4 Results

• Standalone PAT Increase: Q4FY24 PAT surged by 87.9% to Rs 481 crore.
• Analyst Ratings: Nomura upgraded to buy with a target of Rs 3,230, while Citi maintained a sell rating with a target of Rs 2,300.
• Stock Performance: BALKRISIND has delivered 22.12% returns over the last year.

Windlas Biotech Ltd

Rs.613.10/-

Windlas Biotech Ltd Reports Strong Financial Performance

• Sales Growth: YoY increase of 21.73% in net sales.
• Profit Surge: Quarterly net profit up by 48.05% for March 2024.
• EPS Increase: EPS rose to Rs. 8.15 in March 2024 from Rs. 5.37 in March 2023.
• Annual Performance: Sales, revenue, and net income increased for FY24 compared to the previous year.
• Stock Performance: WINDLAS has delivered 102.56% returns over the last year.

City Union Bank Ltd

Rs.143.20/-

City Union Bank Ltd Reports Strong Financial Performance

• Q4 FY2023-24: Net profit surged by 16.87% to Rs 254.82 crore.
• Operating Income: Total operating income increased by 11.89% to Rs 1374.12 crore.
• Annual Performance: Net profit rose by 8.35% to Rs 1015.73 crore for the full year, with total operating income up by 11.80% to Rs 5270.57 crore.
• Stock Performance: CUB has delivered 8.85% returns over the last year.

Jain Irrigation Systems Ltd

Rs.65.25/-

Jain Irrigation Systems Ltd Announces Expansion Plans

• Financial Performance: Standalone net sales for March 2024 down by 8.64% YoY, with decreased quarterly net profit and EBITDA.
• Expansion Investment: Jain Irrigation plans to invest ₹350 crore to double its capacity for supplying mango pulp to Coca-Cola’s Maaza brand.
• Potential Impact: The expansion aims to drive future revenue growth for Jain Irrigation Systems Ltd.
• Stock Performance: JISLJALEQS has delivered 79.72% returns over the last year.

Global Health Ltd

Rs.1356.15/-

Global Health Ltd Reports Strong Financial Results

• Consolidated Profit: 25% increase in profit after tax, reaching Rs. 127 crore for the March 2024 quarter.
• Revenue Growth: Total revenue rose to Rs. 3,350 crore last fiscal from Rs. 2,759 crore in the 2022-23 fiscal year.
• Strategic Focus: The company remains dedicated to executing its core strategy and delivering on upcoming projects.
• Stock Performance: MEDANTA has delivered 143.51% returns over the last year.

Trident Ltd

Rs.38.15/-

Trident Ltd Reports Decline in Net Profit

• Q4 FY24 Performance: Net profit declined by 54.8% YoY to Rs 59 crore.
• Revenue Growth: Despite profit decline, revenue rose by 7% YoY to Rs 1,682 crore.
• EBITDA Decrease: EBITDA witnessed a 23.5% YoY decrease, totaling Rs 205 crore compared to Rs 268 crore Y-o-Y.
• Stock Performance: TRIDENT has delivered 535.79% returns over the last five years.

Kalpataru Projects International Ltd

Rs.1258.50/-

Kalpataru Projects International Ltd Signs Major Contracts with Saudi Aramco

• Contract Value: Signed contracts worth Rs 7,550 crore with Saudi Aramco for MGS-3 expansion.
• Scope: EPC scope includes laying over 800 km of lateral gas pipeline to expand the existing network.
• Industrial Supply: Aim to provide gas supply to various industrial consumers in the region.
• Significant Returns: KPIL has delivered 134.79% returns over the last year.

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