LTIMindtree shares are trading ex-dividend today for a final dividend of Rs 45 per share.
The IT services company posted a consolidated net profit of Rs 1,100 crore in Q4 of the last fiscal year.
Revenue from operations in Q4 increased by 2% YoY, reaching Rs 8,893 crore compared to Rs 8,691 crore in the same period last year.
Over the past five years, LTIMindtree has delivered a 188.18% return.
Zomato Ltd
Rs.198.95/-
Zomato Eyes Acquisition of Paytm’s Ticketing Arm
Zomato is in negotiations to acquire Paytm’s movies and ticketing business to enhance its Going-out segment.
Brokerages maintain bullish outlooks on Zomato, with a target price of up to Rs 280 per share.
The acquisition of Paytm Live is unlikely to adversely affect Zomato’s liquidity.
Zomato has posted a 145.54% return over the past year.
Ashok Leyland Ltd
Rs.234.64/-
Ashok Leyland Forecasts Surge in Heavy-Duty Truck Demand
Ashok Leyland anticipates significant growth in the demand for medium and heavy-duty trucks and buses, fueled by an increased focus on infrastructure projects.
The company expects a shift among commercial vehicle buyers towards 40-tonne and above trucks due to their improved unit economics.
Over the past year, Ashok Leyland has delivered a 42.8% return.
Bosch Ltd
Rs.32,949.95/-
Bosch Unveils First Indian Assembly Line for Fire Alarm Solutions
Bosch Building Technologies has inaugurated its first assembly line in India, dedicated to producing fire alarm solutions, including the Avenar fire detector.
This new assembly line aims to meet increasing market demand, enhance supply chain efficiency, and ensure sustained profitable growth.
Over the past year, Bosch Ltd has achieved a 70.65% return.
Bharat Electronics Ltd
Rs.309.85/-
Bharat Electronics Boasts Strong Rs 75,934 Crore Order Book
Bharat Electronics Limited (BEL) maintains a robust order book valued at Rs 75,934 crore.
The Indian government owns 51% of the company, exercising significant control over its management and governance.
Institutional investors also hold a substantial stake in BEL.
Over the past three years, BEL has delivered an impressive 535.34% return.
Hindustan Aeronautics Ltd
Rs.5,364.95/-
HAL Secures Major Order for Light Combat Helicopters
Hindustan Aeronautics Ltd (HAL) has received a Request for Proposal from the Ministry of Defence for the procurement of 156 Light Combat Helicopters, valued between Rs. 45,000-50,000 crore.
This order is poised to enhance HAL’s standing in the Indian aerospace and defense sector, potentially driving revenue growth.
Over the past three years, HAL has delivered a remarkable 923.27% return.
ICICI Bank Ltd
Rs.1,163.85/-
ICICI Bank Ltd’s market capitalization stands at Rs 7.89 lakh crore, slightly above that of HDFC Bank.
Both ICICI Bank and HDFC Bank dominate the service sector credit, holding a combined 51% share in FY24.
This indicates ICICI Bank’s robust performance in comparison to its peers within the banking sector.
Over the past five years, ICICI Bank has achieved a 161.91% return.
Macrotech Developers Ltd
Rs.1,549.70/-
Macrotech Developers Targets Strong Growth Amid High Base
Macrotech Developers is aiming for a 20% CAGR in pre-sales, while competitors Godrej Properties and Prestige Estates target 20% and 25% YoY growth respectively.
Motilal Oswal has issued a ‘Buy’ rating for Macrotech Developers with a target price of Rs 1770.
The company has expanded into new markets, including a successful entry into Bengaluru.
Over the past year, Macrotech Developers has delivered a 147.26% return.
Sobha Ltd
Rs.2,023.50/-
Sobha Ltd Declines Amidst BSE Realty Index Dip
Sobha Ltd’s shares dropped 3.25% today, trading at Rs 2085.
The BSE Realty index decreased by 0.1%, while Sobha Ltd has gained 13.93% over the past month.
This compares to a 14.18% increase in the BSE Realty index and a 4.78% rise in the SENSEX.
Over the past year, Sobha Ltd has delivered an impressive 282.23% return.
Indus Towers Ltd
Rs.333.70/-
Vodafone Plans Stake Sale in Indus Towers
Vodafone Group is set to sell a 9.94% stake in Indus Towers through block deals, potentially raising up to $1.1 billion.
The sale is expected to occur at a discount of around 10% to the current market price.
Proceeds from the sale might be infused into Vodafone Idea, helping to clear Indus Towers’ past dues and possibly resulting in a special dividend of Rs 15 per share.
Over the past year, Indus Towers has achieved a 111.91% return.
Titan Company Ltd
Rs.3,467.45/-
Titan Partners with Charriol for Luxury Expansion
Titan’s Helios, a multi-brand premium watch store, has partnered with Swiss luxury watchmaker Charriol to enhance its international offerings.
Titan anticipates stressed jewelry demand in H1 of FY 2024-25 due to fewer wedding dates and high gold prices.
Technical analysis indicates a bullish trend for Titan stock, presenting an attractive buying opportunity.
Over the past five years, Titan has delivered a 180.72% return.
ZF Commercial Vehl Cntrl Sytm India Ltd
Rs.16,249.25/-
ZF Commercial Vehicle Control Stock Declines After Equity Sale
Wabco Asia Private Ltd is set to sell a 5% stake in ZF Commercial Vehicle Control Systems India Ltd through block deals.
Shares are being offered at a floor price of ₹14,980 each, marking a 13.3% discount to the last closing price on the NSE.
Despite the decline, ZFCVINDIA has delivered a 150.23% return over the past three years.
Sansera Engineering Ltd
Rs.1,273.00/-
Sansera Engineering Sees Significant Stake Sale
Client Ebene and CVCIGP II Employee Ebene sold an 11.6% stake in Sansera Engineering through block deals worth Rs 750 crore.
The identities of the buyers and sellers remain unclear.
This sale may potentially impact the stock price of Sansera Engineering.
Over the past year, Sansera has achieved a 43.15% return.
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.