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Business News/ Markets / Stock Markets/  Stocks to watch: NTPC, Cochin Shipyard, Adani Ports, Divi's, Wipro, Nazara Tech
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Stocks to watch: NTPC, Cochin Shipyard, Adani Ports, Divi's, Wipro, Nazara Tech

Here are a few stocks likely to be in focus on Monday, May 27:

Companies reporting results on May 27 include LIC, NMDC, National Aluminium Company, Sumitomo Chemical India, NMDC Steel, Natco Pharma, AstraZeneca Pharma India, HBL Power Systems, Gujarat Mineral Development Corporation, Juniper Hotels, TVS Supply Chain Solutions, Borosil Renewables, Kirloskar Industries, IFB Industries, Dish TV India, Vishnu Prakash R Punglia, DCM Shriram, Motisons Jewellers, and Jubilant Industries among others.Premium
Companies reporting results on May 27 include LIC, NMDC, National Aluminium Company, Sumitomo Chemical India, NMDC Steel, Natco Pharma, AstraZeneca Pharma India, HBL Power Systems, Gujarat Mineral Development Corporation, Juniper Hotels, TVS Supply Chain Solutions, Borosil Renewables, Kirloskar Industries, IFB Industries, Dish TV India, Vishnu Prakash R Punglia, DCM Shriram, Motisons Jewellers, and Jubilant Industries among others.

NTPC: The company reported a 33% YoY surge in Q4 net profit to 6,490 crore and a 7.6% increase in revenue to 47,622 crore. The company’s gross power generation rose by 4.15% to 93.387 billion units (BU) in Q4, compared to the same period last year, amid rising power demand due to high temperatures across the country. The board RECommended a final dividend of 3.25 per share.

Cochin Shipyard: The company reported a 558.1% YoY spike in profit to 258.88 crore and a 114.3% jump in revenue to 1,286 crore in Q4.

Torrent Pharma: The company reported a 56.4% YoY surge in Q4 net profit to 449 crore and a 10.2% increase in revenue to 2,745 crore in Q4. The company plans to raise 5,000 crore by issuing equity shares and convertible bonds through a qualified institutional placement (QIP).

Divi’s Laboratories: The company reported a 67.6% YoY surge in Q4 net profit to 538 crore and an 18% increase in revenue to 2,303 crore in Q4. The company’s EBITDA spiked 50.1% to 731 crore.

Glenmark Pharma: The company's net loss widened to 1,238.6 crore in Q4FY24, from a loss of 549.4 crore in the year ago period. The company’s revenue grew 2.1% to 3,063 crore.

Bosch: The company saw a 41.5% YoY growth in Q4 net profit to 564.4 crore and a 4.2% increase in revenue to 4,233.4 crore. The board recommended a final dividend of 170 per share.

Karnataka Bank: The bank reported a 22.5% YoY decrease in profit to 274.2 crore and a 3% decline in net interest income to 834 crore in Q4. The bank’s pre-provision operating profit dropped 27.1% to 499.8 crore.

United Spirits: The company reported a 136.3% YoY jump in Q4 net profit to 241 crore and an 11.2% increase in revenue (excluding excise duty) to 2,783 crore in Q4. The company’s EBITDA rose 42.1% to 334 crore.

Adani Ports, Wipro: Adani Ports and Special Economic Zone will replace Wipro in the BSE Sensex effective from June 24. Additionally, REC, HDFC AMC, Canara Bank, Cummins India, and Punjab National Bank will be included in the S&P BSE 100 index, while Page Industries, SBI Card, ICICI Prudential Life Insurance, Jubilant FoodWorks, and Zee Entertainment Enterprises will be removed. Trent will replace Divi's Laboratories in the S&P BSE Sensex 50 index.

Aurobindo Pharma: The company reported a 79.6% YoY increase in Q4 net profit to 909 crore and a 17.1% rise in revenue to 7,580 crore. The company’s EBITDA spiked 68.3% to 1,687 crore. Separately, the US FDA conducted an inspection at Unit III, a formulation manufacturing facility of the company’s subsidiary, Eugia Pharma Specialities. The inspection classification status of this facility has been determined as Official Action Indicated (OAI).

Aster DM: The Dubai-based healthcare company has entered into an agreement with Cauvery Medical Centre for the expansion of its existing Aster CMI Hospital premises by adding another 350 beds.

Tata Steel: The Calcutta High Court has dismissed the company’s writ petition regarding the rejection of a representation for the waiver of loans from the Steel Development Fund (SDF). The company, which has the liberty to approach the Joint Plant Committee, plans to seek further legal remedies. The outstanding loan (principal and interest) accounted for in the last audited financial statements is 2,751.17 crore.

Doms Industries: The company reported a 29.6% YoY jump in Q4 net profit to 46.9 crore and a 20% rise in revenue to 403.7 crore. The company’s EBITDA grew 22.6% to 75.9 crore.

Nazara Technologies: The company reported a net profit of 0.18 crore in Q4FY24, a significant drop from 9.4 crore reported in the same period last year. This was mainly due to a 16.87 crore loss from discontinued operations during the quarter.

Rail Vikas Nigam: The company has bagged a 187.34 crore project from Maharashtra Metro Rail Corporation (Nagpur Metro). The project involves the construction of six elevated metro stations in Phase 2.

Sun TV Network: The company reported a 9% YoY increase in Q4 net profit to 414.7 crore and a 14.4% jump in revenue to 961.3 crore in Q4.

Reliance Industries: The company has sought approval from the Competition Commission of India (CCI) for the $8.5-billion merger of Viacom18 and Star India Pvt Ltd (SIPL). The proposed transaction aims to combine the entertainment businesses of Viacom18, part of the Reliance Industries Ltd (RIL) group, and SIPL, wholly-owned by The Walt Disney Company (TWDC).

Indiabulls Housing Finance: The company reported a 21.6% YoY growth in Q4 net profit to 319.4 crore, but its net interest income fell 19.9% to 281 crore.

Suzlon Energy: The company reported a nearly 21% decline in consolidated net profit to 254 crore in Q4FY24, mainly due to certain exceptional items. However, the company’s total income rose to 2,207.43 crore in the quarter.

Narayana Hrudayalaya: The company reported a 17.7% YoY increase in Q4 net profit at 195 crore for Q4FY24. The company’s revenue from operations increased 4.7% to 1,279.4 crore.

Hindustan Construction Company: HCC reported a 22.12% rise in consolidated Q4 net profit at 246.2 crore. The company’s total income during the quarter stood at 1,813.05 crore.

Ashok Leyland: The company announced the appointment of KM Balaji as CFO. Gopal Mahadevan, the current CFO and Whole Time Director, will continue to be associated with Ashok Leyland as Director of Strategic Finance and M&A.

Jio Financial Services: The company is planning to enter the device leasing business and is seeking shareholder approval for its unit, Jio Leasing Services, to acquire equipment worth 36,000 crore from the retail arm of Reliance Industries.

Easy Trip Planners: The company reported a net loss of 15.08 crore in Q4, compared to a profit of 31.06 crore in the year ago period. However, the company’s revenue surged 40.7% to 164 crore. Additionally, co-founder and CEO Nishant Pitti has withdrawn his personal bid from the GoAir acquisition process, stating that he would focus on other strategic priorities and initiatives aligning with the company’s long-term vision and growth objectives.

Shaily Engineering Plastics: The board appointed Paresh Jain as the chief financial officer effective from May 24. Sanjay Shah was redesignated from chief strategy officer and chief financial officer to chief strategy officer.

Astra Microwave Products: The company reported a 302.3% YoY surge in Q4 net profit to 54.4 crore and a 37% jump in revenue to 354 crore. The company’s EBITDA zoomed 135.5% to 80.7 crore.

Affle India: The company reported a 40.2% YoY spike in Q4 bet profit to 87.5 crore and a 42.3% increase in revenue to 506.2 crore.

HDFC Asset Management Company: Mudeita Patrao resigned as the Head – Digital effective from June 21, 2024, to pursue other interests.

Hero MotoCorp: The company has filed a rectification applications for reassessment orders pertaining to six assessment years: 2013-14 to 2017-18 and 2019-20. The rectification orders received resulted in the reduction of the original tax demand from 604.87 crore to 177.96 crore. The company has filed appeals against the same.

Divgi Torqtrans: The compay saw a 11.28% YoY decrease in net sales to 65.06 crore in March 2024. The quarterly net profit was 9.21 crore, down 31.55% from March 2023. The EBITDA stands at 18.24 crore, down 16.71% from the previous year.

Harrisons Malyalam: The company saw a 19.56% YoY increase in net sales to 140.98 crore in March 2024. However, the company reported a quarterly net loss of 9.55 crore, down 2245.9% from the loss of 0.45 crore in March 2023. The EBITDA stands at 3.30 crore, down 34% from the previous year.

Paras Defence and Space Technologies: The company reported an 18.9% YoY fall in Q4 net profit to 9.6 crore, but its revenue jumped 22.4% to 79.7 crore.

ZF Commercial Vehicle Control Systems India: The company reported a 1% YoY dip in Q4 net profit to 100.2 crore and a 1.9% decline in revenue to 958.6 crore.

Zuari Agro Chemicals: The company reported a net profit of 77.4 crore in Q4, compared to a loss of 426.7 crore YoY. However, the company’s revenue declined 33% to 897.7 crore.

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ABOUT THE AUTHOR
Pranay Prakash
My experience as a Finance Journalist has involved working as a Web Producer and Sub Editor at a wire agency and business magazine, respectively, where I have curated various domain specific news pages, and later edited long-form, in-depth pieces on everything from India's corporates to the state of the economy, and various sectors. At Mint, I am involved in the editing of market copies and the curation of the live markets blog. Apart from the financial markets, my interest encompass topics related to the economy, the political economy of a growing economy, the space of policy design, and how it affects the wider economy and the decisions of corporates and consumers alike.
Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
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Published: 27 May 2024, 07:40 AM IST
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