Stock to Watch Today - Rupeedesk Reports - 07.02.2025
Stock to Watch Today - Rupeedesk Reports
Stock to Watch Today - Rupeedesk Reports
Buzzing Stocks : Zomato, ITC, NTPC Green Energy, Solar Industries, BSE, ITC, Britannia Industries in focus on February 7.
Zomato : The board approved changing the company name from Zomato Limited to Eternal Limited.
NTPC Green Energy : AP NGEL Harit Amrit, a joint venture between NTPC Green Energy and the New and Renewable Energy Development Corporation of Andhra Pradesh, was incorporated on February 6. It aims to develop renewable energy projects, including solar, wind, hybrid, and pumped hydro projects (up to 25 GW), green hydrogen (0.5 MMTPA), and related green derivatives.
ITC : ITC announced agreements to acquire Prasuma, a frozen, chilled, and ready-to-cook foods company, over three years. The first tranche of 43.8 percent will be acquired upfront, with the remaining stake acquired in tranches by June 2028.
HG Infra : HG Infra was declared as L-1 bidder by Rail Land Development Authority (RLDA) to develop the railway station in a joint bid with DEC Infrastructure. The bid has come at a cost of Rs 2,195.68 crore, which is lower than the estimated project cost of Rs 2,469 crore by RLDA. HG Infra has 49% stake, while DEC Infrastructure Private Limited has 51 percent share.
Aurobindo Pharma : The board approved a plan to acquire 80 percent of Tergene Biotech Ltd, a subsidiary, making it a direct subsidiary of Aurobindo Pharma.
Mahindra Logistics : Mahindra Logistics partnered with Asian Paints to deploy integrated transportation solutions for short-distance supply chain improvements.
Sobha : The company received an order from the Central GST department, including Rs 32.5 crore in tax and Rs 33.05 crore in penalties. Sobha is filing an appeal.
Bharti Airtel : The board approved the sale of approximately 12,700 telecom towers to Indus Towers for Rs 2,174.6 crore, subject to statutory approvals.
Meson Valves : Meson Valves India secured its first US order worth Rs 31.61 crore ($3.60 million) for critical valves in industries such as oil & gas, chemical/petrochemical, and power.
Petronet LNG : Petronet LNG signed a 15-year Sale & Purchase Agreement with Deepak Phenolics for 250 KTA of propylene and 11 KTA of hydrogen from its Dahej petrochemical complex.
Tata Power : Tata Power restored Unit 5 (500 MW) at Trombay Thermal Power Station after a fire in September 2024.
Religare Enterprises : Care Health Insurance, a subsidiary of Religare Enterprises, received a Rs 22.6 lakh tax demand and Rs 22.56 lakh penalty from GST authorities.
Solar Industries Limited : The Ministry of Defence signed contracts with Economic Explosives Ltd (a subsidiary of Solar Industries) for the procurement of rockets for the PINAKA Multiple Launcher Rocket System (MLRS).
Earnings on Feb 7 : Wockhardt, Va Tech Wabag, Zaggle Prepaid Ocean Services, VST Industries, Venkys, Sun TV Network, NHPC, Oil India, PSP Projects, NRB Bearings, OM Infra, Pritish Nandy Communications, Life Insurance Corporation of India, Mahindra and Mahindra, Mazagon Dock Shipbuilders, Linde India, Max Estates Ltd, Monarch Networth Capital, Honeywell Automation, Jupiter Life Line Hospitals, Inox India, Hindustan Foods, Kovai Medical Center and Hospital, Fortis Healthcare, Firstsource Solutions, Gujarat State Petronet, Happy Forgings, Excel Industries, Garuda Construction and Engineering, HCL Infosystems, Cholamandalam Financial Holdings, Delhivery, Century Plyboards, Edelweiss Financial Services, Borosil, Balrampur Chini Mills, Balu Forge Industries and Alkem Laboratories will release their earnings on February 7.
Earnings results : Aurobindo Pharma : Q3 net profit fell 9.7 percent to Rs 845.8 crore vs Rs 936 crore (YoY). Revenue rose 8.5 percent to Rs 7,978.5 crore vs Rs 7,352 crore (YoY).
Britannia Industries : The company reported a 4.5 percent year-on-year increase in net profit for Q3, reaching Rs 582.3 crore compared to Rs 557 crore last year. Revenue grew 7.9 percent to Rs 4,592.6 crore from Rs 4,256.3 crore in the same period last year.
Hero MotoCorp : The company reported a 12.1 percent year-on-year rise in net profit for Q3, reaching Rs 1,202.8 crore compared to Rs 1,073 crore last year. Revenue grew 5 percent to Rs 10,210.8 crore from Rs 9,724 crore.
ITC : The company reported a marginal growth in its net profit for the third quarter of FY2025, which rose by 1.2 percent to Rs 5,638.3 crore compared to Rs 5,572 crore in the same quarter last year. The company's revenue saw an 8.6 percent increase, reaching Rs 17,052.8 crore, up from Rs 16,483 crore in the previous year.
Akums Drugs : The company's net profit fell 66 percent YoY to Rs 65.18 crore. Revenue from operations decreased by 7 percent YoY to Rs 1,010.4 crore, while total expenses stood at Rs 939 crore.
BSE : The net profit fell by 37 percent QoQ to Rs 219.67 crore. Revenue from operations rose by 4 percent QoQ to Rs 773.54 crore. Total expenses were recorded at Rs 368.13 crore.
Aadhar Housing Finance : Aadhar Housing Finance reported a 17 percent YoY increase in net profit, which reached Rs 239.34 crore. Revenue from operations grew by 6 percent YoY to Rs 797.61 crore, with total expenses amounting to Rs 489.96 crore.
Ramco Cements : Net profit for Ramco Cements more than doubled, rising 116 percent YoY to Rs 182.38 crore. However, revenue from operations declined by 6 percent YoY to Rs 1,983 crore, with total expenses at Rs 1,992 crore.
Apollo Tyres : Apollo Tyres’ net profit fell by 32 percent YoY to Rs 337.2 crore. The company's revenue from operations increased by 5 percent YoY to Rs 6,928 crore, and total expenses amounted to Rs 6,467 crore.
Airtel : Airtel’s net profit surged by 505 percent YoY, reaching Rs 14,781 crore. The company’s revenue from operations grew by 19 percent YoY to Rs 45,129 crore, while total expenses stood at Rs 20,533 crore.
Bharti Hexacom : Bharti Hexacom saw a 24 percent YoY rise in net profit, which reached Rs 261 crore. Revenue from operations grew by 25 percent YoY to Rs 2,251 crore, with total expenses at Rs 1,099 crore.
NCC : NCC’s net profit declined by 12.5 percent YoY to Rs 193.2 crore. Revenue from operations increased by 1.6 percent YoY to Rs 5,344.5 crore, while EBITDA fell by 16.6 percent YoY to Rs 420.9 crore. The company’s margin decreased to 7.9 percent from 9.6 percent YoY.
Emcure Pharma : Emcure Pharma’s net profit rose by 35 percent YoY to Rs 153.72 crore. Revenue from operations grew by 18 percent YoY to Rs 1,962.63 crore, and total income increased to Rs 1,966.5 crore. Total expenses were recorded at Rs 1,736.6 crore.
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