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Business News/ Markets / Stock Markets/  Stocks to Watch: ITC, Bajaj Finance, Vodafone Idea, Marico
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Stocks to Watch: ITC, Bajaj Finance, Vodafone Idea, Marico

Here are some stocks to watch out for ahead of Tuesday’s trading session.

Bajaj Finance registered 22% growth in consolidated net profit at ₹3,639 crore in the December quarter despite higher loan losses and provisions. Photo: PixabayPremium
Bajaj Finance registered 22% growth in consolidated net profit at 3,639 crore in the December quarter despite higher loan losses and provisions. Photo: Pixabay

ITC: The company recorded 10.75% growth in standalone net profit at 5,572 crore for the December quarter despite weak operating numbers, thanks to more other income and a lower tax cost. Standalone revenue from operations increased by 1.6% to 16,483.3 crore, driven by the cigarette and FMCG segments.

Bajaj Finance: The company registered 22% growth in consolidated net profit at 3,639 crore in the December quarter despite higher loan losses and provisions. Net interest income during the quarter increased by 29% from a year ago to 7,655 crore.

Vodafone Idea: The telecom operator posted a net loss of 6,986 crore for the December quarter, against a loss of 8,738 crore in the previous quarter. Revenue fell 0.4% sequentially to 10,673.1 crore.

Mahindra Logistics: The company reported a net loss of 16.4 crore from 15.5 crore last year. Revenue was up 5.1% at 1,397.2 crore, Ebitda was down 17.1% to 52.2 crore, and margin dropped to 3.7% from 4.7% last year.

Petronet LNG: The company recorded consolidated net profit of 1,213 crore for the December quarter, up 41.7% from the previous quarter, backed by healthy operating numbers. Revenue from operations grew by 17.7% sequentially to 14,747.2 crore during the quarter.

Havells India: The executive committee has approved an investment of up to $20 million in Havels International Inc., a wholly owned subsidiary incorporated in Delaware. The funds will be used to leverage new growth opportunities in the US.

Marico: The FMCG company reported consolidated net profit at 386 crore for the December quarter, up nearly 16% from a year ago despite a lower topline. Consolidated revenue from operations fell nearly 2% to 2,422 crore.

Piramal Enterprises: The company posted a consolidated net loss of 2,377.6 crore for the December quarter, against a profit of 3,545.4 crore a year ago, thanks to an exceptional loss of 3,539.8 crore from its investments in alternative investment funds. Revenue from operations fell by nearly 12% yoy to 2,476 crore.

Newgen Software: Its wholly owned subsidiary has been awarded a project for digital product development, operational support and related services to support digitisation in Singapore. The aggregate value of the seven-year agreement is nearly 97 crore.

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ABOUT THE AUTHOR
Zaheer Merchant
Zaheer is part of the team that edits and curates Mint's premium content, including Mark To Market pieces, SnapViews and Explainers. He has more than 20 years of experience in journalism, with stints at Mid Day, Mumbai Mirror, Hindustan Times, ESPN and The Economic Times.
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Published: 30 Jan 2024, 07:09 AM IST
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