Stocks to Watch: On Thursday, July 24, there may be a stir in the stock market of 12 companies. Some of these have presented strong quarterly results, while some have announced big investment or deals. At the same time, some companies have received government orders or they are bringing the rights issue. Know which 12 stocks will be on the radar of investors in Thursday’s trading session.
Bajaj Housing Finance Ltd
Bajaj Finance Assistant Company- Bajaj Housing Finance Surprised the first quarter results. The company’s net interest income rose by 33.4% to ₹ 887 crore, while net profit rose by 21% to ₹ 583 crore. Gross NPA was 0.3% and NET NPA was 0.13%, while coverage for stage 3 assets is 56%.
Inox wind will bring rights issue of ₹ 1,249.33 crore between August 6 to August 20. The stocks will be given at the rate of ₹ 120 per share, which is at a discount of 27%. This offer will be in the ratio of 5:78. It has received the approval of BSE and NSE.
The net profit of Snack Food -making company Bikaji Foods International Limited increased by 3.4% to ₹ 60 crore. At the same time, income increased by 14.2% to ₹ 652.6 crore. Along with this, the board also approved a working capital loan of ₹ 5 crore to its full -owned subsidiary Bikaji Bex Private Limited.
Auto giant Force Motors Limited recorded a net profit of ₹ 176.3 crore with an increase of 52.3% on an annual basis for the June quarter. The income from operations rose by 21.9% to ₹ 2,297 crore on an annual basis, which was ₹ 1,885 crore in the same quarter last year.
Persistent Systems have released the results of the first quarter. Compared to the previous quarter, the company’s net profit has increased by 7.4%. Revenue has recorded a 2.8% increase in the rupee, while the Ebit has come up 2.5%. However, the margin declined slightly to 15.5%, which was 15.6% in the last quarter.
IT giant Infosys has decreased profits on a quarterly basis, but it has been better than the market estimate. The company’s consolidated profit was ₹ 6,921 crore, while the estimate was ₹ 6,719 crore. The profit in the last quarter was ₹ 7,033 crore. During this period, the company’s income was ₹ 42,279 crore, which is more than an estimated ₹ 41,767 crore.
The company has a weak performance in the first quarter. Its net profit has decreased by 34% on the basis of year after year. At the same time, income has fallen by 12% and Ebitda by 29%. The margin has also reduced to single digit.
The net profit of Dr Reddy’s in the June quarter increased from ₹ 1,392 crore to ₹ 1,418 crore. Revenue has increased by 11.4% on an annual basis. Abitda increased by 5%, but the margin declined to 26.7%, which was 28.2% a year ago.
Tata consumer products Q1 has recorded net profit with an annual growth of 15%. The company’s income has increased by 9%. However, EBITDA has decreased by 9% and the margin has fallen from 15.3% to 12.7%.
Santech Realty has signed a joint development agreement to develop a new project in Mumbai. The project will be built on 3.5 acres of land near the Western Express Highway on Meera Road. Its estimated gross development value is ₹ 1,200 crore.
The pharma company has announced that it has been South Africa’s Adcock Ingram Holdings Ltd. Will buy 35.75% stake in. For this, the price of ZAR 75.00 i.e. $ 4.27 has been fixed. The total investment amount will be ₹ 2,000 crore.
Public sector defense company BEML has received an order of ₹ 293.82 crore from the Ministry of Defense. This order is for supply of high mobility 6X6 vehicles. This will increase military logistics and tactical capacity.
India-UK FTA: Free trade agreement will be done between India-Britain on Thursday, who will get more benefit?
Disclaimer: Here information provided is being given only for information. It is necessary to mention here that the investment market in the market is subject to risks. Always consult experts before investing money as an investor. There is never advice to anyone to invest money on behalf of Moneycontrol.