Today’s Top Stock News: Tata Motors, ITC, Zomato, Maruti Suzuki, Adani Enterprises, and Titan
Ahead of the opening bell on Friday, August 2, companies like Tata Motors, ITC, Zomato, Maruti Suzuki, Adani Enterprises, Titan, AB Capital and others are expected to be in the spotlight.
Indian stock market indices rose on Thursday as the US Federal Reserve suggested they may lower interest rates soon, possibly as early as September. However, the rise in stock prices was limited as some investors booked profits. The BSE Sensex closed 126.21 points or 0.15% higher at 81,867.55. The NSE Nifty 50 ended the day higher, up 59.75 points or 0.24%. These are the stocks to watch out for before the market opens on Friday, August 2, 2024:
Today, based on several companies reporting their Q1 results for the June 2024 quarter, the bulk includes Titan Company, Hindustan, Britannia Industries, GlaxoSmithKline Medicines, UPL, LLC Finance, Delhivery, Bayer Crop Sciences, Narayana Health, Computer Age Infrastructure, Karur Vysya Bank, ValuationFC, Eris Lifesciences, Zydus Wellness and others.
Today, the following companies will trade ex-dividend: Ajmera Realty, BDH Industries, CE Infosystems, Cello World, Cipla, Coforge, Chola Finance, Divis Labs, GMM Pfaudler, Jubilant Pharmova, Jubilant Ingrevia, Jupiter Life Line Hospitals, Maruti Suzuki, Share India Securities, Vedanta, and others.
TATA MOTORS: The Tata Group automaker reported a remarkable 74% year-on-year rise in its consolidated net profit in Q1FY25 to Rs 5,566 crore. Revenue from operations grew 5.7% year-on-year to Rs 1,07,316 crore. EBITDA grew 19% year-on-year to Rs 15,785 crore, and operating margin improved to 14.6% for the quarter.
Adani Enterprises: The Adani group’s flagship entity’s consolidated net profit surged 116 per cent YoY to Rs 1,454 crore in the first quarter ended June 2024. Revenue from operations increased 12 per cent YoY to Rs 25,472 crore. The company will demerge its Food FMCG business in Adani Commodities to Adani Wilmar.
ITC: The FMCG major’s standalone net profit rose marginally to Rs 4,917 crore in Q1FY25. Revenue from operations grew 7 per cent to Rs 18,220 crore in Q1FY25. FMCG Ebitda margin expanded to 11.3 per cent, an increase of 25 basis points over the same quarter last fiscal and some items witnessed sequential price hikes.
Zomato: The food delivery company reported a 126.5-fold jump in its net profit to Rs 253 crore in the April-June quarter compared to last year. Revenue grew 74% year-on-year to Rs 4,206 crore. EBITDA for the quarter stood at Rs 177 crore, while profit margin stood at 4.2%.
Maruti Suzuki: The country’s largest carmaker reported sales of 175,041 units in July 2024. This total includes 140,354 units sold domestically, 10,702 units sold to other OEMs and 23,985 units exported.
Kalyan Jewellers: The jewellery retailer reported a 24% year-on-year rise in net profit to Rs 177 crore for Q1 FY25. Revenue grew 26.5% year-on-year to Rs 5,535 crore, while EBITDA grew 16.5% year-on-year to Rs 376.1 crore.
Aditya Birla Capital: The shadow lender saw a 17% year-on-year rise in net profit to Rs 758 crore for Q1 FY25. The company’s sales grew 25.37% year-on-year to Rs 8,832 crore.
Godrej Agrovet: The board of the animal feed company has approved an initial investment of up to Rs 110 crore to build a new feed plant in Maharashtra. The project will be funded through a combination of internal accruals and debt.
Triveni Engineering & Industries: The sugar firm reported a 54 per cent YoY fall in its net profit at Rs 30.99 crore in the June 2024 quarter. Its revenue from operations declined more than 7 per cent YoY to Rs 1,534.03 crore. Its net turnover increased by 8.6 per cent, mainly due to higher sugar sales volumes as well as improved realisations.
OnMobile Global: The telecom service provider reported a consolidated net loss of Rs 15.29 crore for the June 2024 quarter. Total income for Q1 FY25 declined 12% year-on-year to Rs 123.7 crore. EBITDA declined a sharp 92% to just 0.90%.
TAC Infosec: The global cybersecurity firm has become the first company in the world to receive ISO 17025 certification, which sets international standards for testing and calibration laboratories.
KP Green Energy: The company, which manufactures fabricated and galvanized steel products, has secured new orders worth a total of Rs 53.23 crore from various domestic and international customers.
Stocks to watch: Titan, Infosys, Tata Motors, Britannia, ITC, and more
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