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Stock Market News: August 12, 2024, Top Stocks Expected to Surge

Exploring Lucrative Investment Prospects in the Indian Stock Market on August 12, 2024

Sun Tv Network Ltd at Indian Stock Market

Sun Tv Network Ltd

Rs.837.25/-

Sun TV Network Faces Profit and Revenue Decline in Q1 2024

  • Sun TV Network’s Q1 2024 consolidated profit after tax dropped by 5.48%, standing at ₹559.58 crore.
  • Revenue from operations saw a 2.72% decline, totaling ₹1,312.40 crore compared to the previous year.
  • The dip in both profit and revenue might raise concerns among investors regarding the company’s financial stability.
  • Despite this, SUN TV has delivered an impressive 66.68% return over the past year.

Coffee Day Enterprises Ltd at Indian Stock Market

Coffee Day Enterprises Ltd

Rs.38.75/-

Coffee Day Enterprises Faces Insolvency Proceedings

  • The NCLT has initiated insolvency proceedings against Coffee Day Enterprises Ltd for a default amounting to ₹228.45 crore.
  • The case was brought forward by IDBI Trusteeship Services and was admitted on August 8, 2024.
  • An interim resolution professional has been appointed to oversee the company’s operations during the insolvency process.
  • Despite the ongoing issues, Coffee Day Enterprises has provided a 28.91% return over the last year.

Zydus Lifesciences Ltd at Indian Stock Market

Zydus Lifesciences Ltd

Rs.1,265.00/-

Zydus Lifesciences Sees Strong Q1 Growth

  • Zydus Lifesciences reported a significant 30.66% YoY increase in profit after tax, reaching ₹1,482.5 crore for Q1 FY 2024-25.
  • Revenue from operations grew by 20.79% YoY, totaling ₹6,207.5 crore, reflecting solid business performance.
  • Due to this robust growth, analysts have raised the target price and revenue projections, driven by strong sales of key products.
  • Zydus Lifesciences has delivered an impressive 97.75% return over the past year.

Aavas Financiers Ltd at Indian Stock Market

Aavas Financiers Ltd

Rs.1,740.00/-

CVC Capital Targets Majority Stake in Aavas Financiers

  • CVC Capital Partners plans to acquire a 26.47% stake in Aavas Financiers from existing promoters at ₹1,635 per share.
  • The firm has also launched an open offer to buy an additional 26% stake at ₹1,767 per share.
  • If successful, CVC Capital’s total holding will increase to 52.4%, granting them significant control over the company.
  • Aavas Financiers has recorded a 2.75% return over the past year.

Bharat Dynamics Ltd at Indian Stock Market

Bharat Dynamics Ltd

Rs.1,343.75/-

Bharat Dynamics Faces Steep Profit Decline in Q1 2024

  • Bharat Dynamics Ltd reported a sharp 82.8% YoY drop in net profit, down to ₹7.2 crore for Q1 ending June 30, 2024.
  • Revenue from operations decreased by 35.8%, totaling ₹191.2 crore for the quarter.
  • The company also recorded an EBITDA loss of ₹52 crore, reflecting significant operational challenges.
  • Despite the recent downturn, BDL has delivered a remarkable 648.66% return over the past three years.

Adani Total Gas Ltd at Indian Stock Market

Adani Total Gas Ltd

Rs.832.25/-

Adani Total Gas Under Investigation Amid Market Concerns

  • Adani Total Gas, along with nine other Adani Group companies, is under scrutiny following allegations raised by Hindenburg.
  • The controversy involves potential connections between Sebi Chairperson Madhabi Puri Buch and the conglomerate’s activities.
  • Despite the regulatory challenges, Adani Total Gas has posted a 34.47% return over the past year.

Adani Wilmar Ltd at Indian Stock Market

Adani Wilmar Ltd

Rs.374.60/-

Adani Wilmar Faces Investigation Amid Hindenburg Allegations

  • Adani Wilmar, alongside other Adani Group companies, is under investigation following allegations from Hindenburg Research.
  • The claims suggest involvement of Sebi Chairperson Madhabi Puri Buch in the group’s operations.
  • This scrutiny may result in heightened market volatility and growing investor concerns over regulatory issues.
  • Despite the controversy, Adani Wilmar has achieved a 43.58% return over the past three years.

Adani Power Ltd at Indian Stock Market

Adani Power Ltd

Rs.682.05/-

Adani Power Under Investigation Following New Allegations

  • Adani Power, along with other Adani Group companies, is under scrutiny due to fresh allegations from Hindenburg Research.
  • The report suggests that SEBI Chief Madhabi Puri Buch may have connections to offshore funds associated with the Adani Group.
  • As a result, all 10 listed Adani companies, including Adani Power, are expected to face increased investor scrutiny.
  • Despite the current challenges, Adani Power has delivered a staggering 710.02% return over the past three years.

Adani Enterprises Ltd at Indian Stock Market

Adani Enterprises Ltd

Rs.3,143.85/-

Adani Group Dismisses New Allegations Amid Market Concerns

  • Hindenburg Research has accused SEBI Chairperson of potential conflicts of interest concerning the Adani Group, sparking concerns about regulatory integrity.
  • Adani Group has strongly denied these allegations, labeling them as unfounded and manipulative, while asserting their commitment to transparency.
  • Market analysts predict some initial market reactions but anticipate minimal long-term impact on Adani stocks due to the lack of definitive evidence.
  • Adani Enterprises has achieved an impressive 2346.32% return over the past five years.

Adani Green Energy Ltd at Indian Stock Market

Adani Green Energy Ltd

Rs.1,760.05/-

Adani Group Under Intense Scrutiny Amid Hindenburg Allegations

  • All 10 Adani Group companies, including Adani Green Energy, are under investigation following recent allegations by Hindenburg.
  • The allegations suggest Sebi Chairperson Madhabi Puri Buch’s involvement in the conglomerate’s activities.
  • This scrutiny could result in heightened market volatility and increased investor concerns about the group’s regulatory compliance.
  • Despite the controversy, ADANIGREEN has delivered an impressive 82.86% return over the past year.

Jubilant FoodWorks Ltd at Indian Stock Market

Jubilant FoodWorks Ltd

Rs.642.10/-

Jubilant FoodWorks Sees Q1 Profit Drop Amid Strong Revenue Growth

  • Jubilant FoodWorks reported a 31.4% YoY decline in net profit for Q1, down to ₹51.5 crore.
  • Despite nearly 45% revenue growth, the company’s EBITDA and PAT were below expectations due to a shift from dine-in to delivery.
  • CLSA maintained an Underperform rating with a revised target price of ₹445, while Nuvama raised its target to ₹568.
  • Jubilant FoodWorks has delivered a 21.68% return over the past year.

Life Insurance Corporation of India at Indian Stock Market

Life Insurance Corporation of India

Rs.1,098.25/-

LIC’s Aggressive Equity Investment Strategy for FY25

  • LIC is planning to invest approximately ₹1.30 lakh crore in equities during FY25, expanding its market influence.
  • In Q1 FY25 alone, LIC invested ₹38,000 crore in shares, earning a profit of ₹15,500 crore from the equity markets.
  • The corporation’s Assets Under Management (AUM) saw a 16.22% year-on-year increase, reaching ₹53.58 lakh crore as of June 2024.
  • Over the last year, LIC has delivered an impressive 76.63% return.

Shipping Corporation of India Ltd at Indian Stock Market

Shipping Corporation of India Ltd

Rs.279.30/-

Shipping Corporation of India Posts Impressive Q1 Earnings Growth

  • Shipping Corporation of India (SCI) recorded a robust 69.9% year-on-year increase in net profit, reaching ₹291.5 crore for Q1 FY24.
  • Revenue from operations surged by 26.2%, totaling ₹1,514.3 crore compared to the previous year’s same quarter.
  • The company’s EBITDA also experienced strong growth, rising by 40.4% to ₹509.7 crore.
  • SCI has delivered an impressive 155.86% return over the past year.

Inox Wind Ltd at Indian Stock Market

Inox Wind Ltd

Rs.197.42/-

Inox Wind Achieves Turnaround with Strong Q1 FY25 Performance

  • Inox Wind posted a profit of ₹50 crore in Q1 FY25, a significant recovery from last year’s ₹65 crore loss.
  • Total revenue jumped 85%, reaching ₹651 crore, up from ₹352 crore in the same quarter the previous year.
  • The operating margin improved to 21.3%, surpassing expectations and reflecting robust operational efficiency.
  • INOXWIND has delivered an impressive 220.98% return over the past year.

 

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Source: Google

Business Desk: News Lounge 24×7

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.

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