Stocks to Watch: Jindal Stainless, Berger Paints, Mankind Pharma, and More

By siliconindia  |  Thursday, 16 May 2024, 09:48:28 AM IST

Stocks to Watch: Jindal Stainless, Berger Paints, Mankind Pharma, and More
Jindal Stainless witnessed a 30% year-on-year decline in its consolidated net profit, amounting to Rs 501 crore in the March quarter, attributed to reduced margins amidst falling nickel prices and rising shipping costs. The company's consolidated net revenue also saw a 3% year-on-year decrease, standing at Rs 9,454 crore.
Berger Paints India, on the other hand, reported a 19.7% rise in net profit to Rs 222.62 crore during the same period, with marginal growth in revenue reaching Rs 2,520.28 crore.
Mankind Pharma recorded an 18.9% increase in revenue, totaling Rs 2,441 crore, along with a net profit of Rs 477 crore for the March quarter of FY24, reflecting a substantial 62.3% surge compared to the previous year.
Colgate-Palmolive (India) is diversifying its product portfolio beyond toothpaste and toothbrush categories by incorporating offerings from its global portfolio of personal and home care brands. Prabha Narasimhan, the managing director and chief executive, highlighted this strategic move, aiming to introduce new categories in the coming quarters.
Titagarh Rail Systems posted a remarkable 64% year-on-year rise in net profit, reaching Rs 79 crore for Q4FY24, with revenue from operations witnessing an 8% increase to Rs 1,052.4 crore. The board recommended a dividend of 40% at Rs 0.80 per equity share of Rs 2 each for FY24.
Vodafone Idea's net loss for the quarter ended March 31, 2024, is anticipated to widen compared to the previous year, as per analysts' estimates.
SpiceJet has been instructed by the Delhi High Court to return two leased Boeing aircraft and their engines to lessor TWC Aviation Capital Ltd by May 31 due to unpaid dues.
Power Finance Corp reported a notable 25% rise in net profit for FY24, amounting to Rs 26,461 crore compared to Rs 21,179 crore in FY23.
Bharti Airtel's managing director and chief executive, Gopal Vittal, stressed the necessity for substantial tariff adjustments across the telecom industry, citing the current tariff levels as absurdly low.
Star Cement received approval from the National Company Law Tribunal (NCLT) for its Scheme of Amalgamation, involving the consolidation of its subsidiaries into Star Cement Meghalaya Ltd (SCML). The company is also accelerating its expansion plans to achieve a total capacity of 9.7 million tonnes per year by 2025-26.
Indian Hotels Company announced the introduction of homes under the Taj brand for sale, marking a first in the world for the renowned hospitality brand.
TVS Motor Company has commenced operations in Italy with plans to introduce a range of conventional as well as electric scooters and motorcycles.
NCC reported a robust 25.2% year-on-year increase in net profit, totaling Rs 239.2 crore for Q4FY24, while revenue from operations surged by 31% to Rs 6,485 crore.
Dixon Technologies (India) saw a significant 24.7% year-on-year rise in net profit, amounting to Rs 98.5 crore in Q4FY24, with revenue from operations soaring by 52% to Rs 4,658 crore.
LIC Housing Finance experienced a 7.5% year-on-year decrease in net profit, reaching Rs 1,091 crore for the March quarter.
Signature Global reported its highest-ever annual pre-sales growth of 112%, totaling Rs 7,720 crore for FY24.
Honeywell Automation achieved a 12% year-on-year increase in revenue, amounting to Rs 950.7 crore, coupled with a substantial 32.3% rise in net profit, reaching Rs 148.2 crore.
Indian Energy Exchange recorded a notable 19% year-on-year growth in revenue, reaching Rs 2,441 crore, accompanied by a remarkable 62% rise in net profit, totaling Rs 477 crore. The board approved a final dividend of Rs 1.50 per share.
CMS Info Systems witnessed a 25% year-on-year increase in revenue, reaching Rs 627 crore, alongside a 14.4% rise in net profit, totaling Rs 91.4 crore. The board recommended a final dividend of Rs 3.25 per share.
MOIL saw a slight 2.8% year-on-year decline in revenue, totaling Rs 415.9 crore, while net profit increased by 12.6% to Rs 91.1 crore.
NLC India experienced a significant 31% year-on-year growth in revenue, reaching Rs 3,540.6 crore, though net profit decreased by 86.2% to Rs 114.2 crore. The board recommended a final dividend of Rs 1.5 per share.

ON THE DECK

Top Banner

Related Articles