Stocks to watch: Shares of firms like Bajaj Auto, SpiceJet, Jio Financial, HUL, Vedanta, ZEE, Lupin, and others will be in focus on Tuesday’s trade.
Stocks To Watch On July 16: Domestic markets sustained their upward trajectory into the new week as indices reached fresh highs on Monday. In today’s trade, shares of Bajaj Auto, SpiceJet, Jio Financial, HUL, Vedanta, and ZEE will be in focus due to various news developments and first-quarter results.
Read More: Sahaj Solar IPO Receives 248.7x Subscription on Day 3 So Far, Check GMP Today
Bajaj Auto, L&T Finance, Just Dial
Shares of Bajaj Auto, L&T Finance and Just Dial will be in focus as the companies will announce their first quarter results today.
SpiceJet: SpiceJet’s consolidated net loss in the third quarter of 2023-24 stood at Rs 297.2 crore, as opposed to a net profit of Rs 112.1 crore in the corresponding period of 2022-23. The airline posted a consolidated net profit of Rs 127.4 crore in the fourth quarter of 2023-24. In the corresponding period of 2022-23, the airline had posted a net loss of Rs 124 crore.
Jio Financial Services: In Q1FY25, the net profit rose 0.64 per cent to Rs 312.6 crore compared to Rs 310.6 crore. Its revenue dipped 0.07 per cent to Rs 417.8 crore from Rs 418.1 crore.
Read More: Sati Poly Plast IPO Receives 77.84x Subscription on Day 2 So Far, Check GMP Today
Den Networks: In Q1FY25, the net profit climbed 6.8 per cent to Rs 45.5 crore versus Rs 42.6 crore. Revenue fell 9.4 per cent to Rs 247.5 crore from Rs 273.2 crore.
Lupin: Lupin has divested its US Commercial Women’s Health Specialty business to Evofem Biosciences Inc for up to $84 million, focusing on commercialising SOLOSEC (secnidazole) 2g oral granules.
Hindustan Unilever (HUL): Hindustan Unilever has approved the sale of its Pureit water purification business to A O Smith India Water Products for $72 million (Rs 601 crore) on a slump sale basis.
Vedanta: Vedanta launched its Qualified Institution Placement (QIP) issue on July 15, setting a floor price of Rs 461.26 per share.
Century Textiles: Century Textiles & Industries Birla Estates, a wholly owned subsidiary, acquired a 5-acre land parcel in Gurugram for potential development yielding revenue exceeding Rs 1,400 crore.
JNK India: JNK India secured an order worth up to Rs 50 crore from JNK Global, Korea, for a regeneration furnace for a refinery project in Oklahoma, USA.
Read More: Tunwal E-Motors IPO opens today: Check issue size, price band, GMP, and other details
Angel One: In Q1FY25, its net profit surged 32.6 per cent to Rs 292.7 crore versus Rs 220.8 crore. Revenue spiked 74 per cent to Rs 1,405.5 crore compared to Rs 807.5 crore.
Zee Entertainment: The shareholders have approved plans to raise up to Rs 2,000 crore through a share sale.
Balkrishna Industries: Balkrishna Industries completed the setting up of a mould manufacturing plant at its Bhuj unit with a capex of Rs 300 crore.
Aster DM Healthcare: Aster DM Healthcare secured an anonymous complaint alleging the involvement of senior employees in unethical practices and professional misconduct. Allegations pertain to Aster hospitals located in Kannur and Calicut, Kerala.
Macrotech Developers: The developer clarified on news reports of being in a pact with Valor Estate for the Mumbai residential project, saying it is continuously evaluating land acquisition via different modes, including through JDA.
PC Jewellers: IndusInd Bank accepted a one-time settlement proposal from the company for unsettled dues in terms including cash, equity, release of securities, and mortgaged properties.
DISCLAIMER:Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
