Trending Stocks In Indian Stock Market To Bet On 21st May 2024
Rail Vikas Nigam Ltd at Stock Market
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 at Stock Market 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 at Stock Market 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.
APL Apollo Tubes Limited at Stock Market 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 at Stock Market 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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