Stocks To Watch On August 14: Domestic markets extended losses for a second straight day on Tuesday as Sensex tumbled nearly 700 points. In today’s trade, shares of Hero MotoCorp, Hindalco, Apollo Hospitals, Vedanta, Ola Electric among others will be in focus due to various news developments and first quarter results.
Q1FY25 Results on Wednesday: Aarti Drugs, AGI Infra, Asian Hotels, Asian Food Products, Asia Pack, Asian Star, Asinpet, Bajaj Healthcare, Balkrishna Paper Mills, BL Kashyap, BLB, Bloom Industries, BLS International Services, BMB Music & Magnetics, Bodal Chemicals, Bonlon Industries, Boro Industries, BPL, Brawn Biotech, Cinevista, Cistro Telelink, Citurgia Biochemicals, Clio Infotech, CNO Petro, Coast Corporation, Coffee Day Enterprises, Commex Technology, Computech International, Confidence Petroleum India, Container Corporation, Conticon India, Coral Laboratories, Cosco India, CPL, Goodyear India, Goyal Associates, Green Power, Growington Ventures, Hindustan Composite, Hindustan National Glass & Industries, Hindustan Tin Works, Hira Automobiles, Hisar Spinning Mills, Hittco Tools, HMA Agro Industries, HMT, HPIL, Harmony Capital Services, Kirloskar Industries, Kitex Garments, KK Fincorp, KMF Builders, KNR Constructions, Kobo Biotech, Konark Synthetic, Kotic, and Ola Electric Mobility.
Hero MotoCorp: Hero MotoCorp posted a jump of 47.3 per cent Year-on-Year (Y-o-Y) in its consolidated net profit to Rs 1,032 crore in the first quarter of FY25. This is primarily due to a sharp recovery in the 110-125 cc motorcycle segment after the launch of Xtreme, strong demand for its electric scooter Vida, and promising overall economic conditions. Hero MotoCorp’s consolidated total income stood at Rs 10,435.6 crore in Q1FY25, recording a 15 per cent Y-o-Y growth.
Vedanta: Anil Agarwal-led Vedanta is expected to offload a 2.6 per cent stake in Hindustan Zinc through an offer for sale via stock exchanges.
Hindalco Industries: The company’s consolidated net profit increased by 25.26 per cent to Rs 3,074 crore in Q1 FY25, as against Rs 2,454 crore posted in the corresponding quarter of the previous fiscal year. The growth in net profit was supported by favorable macros, operational efficiencies, and lower input costs. Hindalco’s revenue from operations rose 7.59 per cent Y-o-Y to Rs 57,013 crore in the quarter ended June 30, 2024.
Manappuram Finance: The company’s consolidated net profit attributable to owners rose about 12 per cent to Rs 555 crore for the quarter under review, helped by strong gold-loan growth.
SJVN: State-owned hydropower company SJVN posted a rise of 31 per cent in consolidated net profit at Rs 357.09 crore in Q1FY25 during the June quarter, on account of higher income. SJVN had reported a net profit of Rs 271.75 crore during Q1FY24. SJVN’s total income increased to Rs 958.47 crore during the quarter from Rs 744.39 crore in the year-ago period.
Piramal Enterprises: The company reported a consolidated net profit of Rs 181 crore in Q1FY25, down 64 per cent Y-o-Y, owing to a one-time gain of Rs 855 crore accrued in Q1FY24 due to a stake sale in a Shriram Group entity. Sequentially, the company’s profit jumped 32 per cent from Rs 137 crore in Q4FY24.
Nykaa: FSN E-Commerce Ventures, the operator of the Nykaa brand, reported a consolidated net profit of Rs 13.64 crore for Q1FY25, clocking a 152 per cent Y-o-Y increase from Rs 5.42 crore in Q1FY24, the company said in a regulatory filing. The company’s revenue from operations for the quarter was reported at Rs 1,746.11 crore, up 23 per cent from Rs 1,421.82 crore in the corresponding quarter of FY24.
The company has also announced that it is increasing its stake in Dot & Key, a cosmetic company, to 90 per cent from its current 51 per cent.
Mahindra & Mahindra: The company’s total sales for July increased by 2.1 per cent Y-o-Y to 64,929 units. However, production fell by 1.2 per cent to 69,138 units, and exports dropped by 40.4 per cent to 1,515 units.
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