Thursday 30 May 2024

AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post

*India Daybook – Stocks in News*


*Heritage Foods:* Net profit at Rs 40.5 cr vs Rs 17.9 cr, Revenue at Rs 950.6 cr vs Rs 817.6 cr. (YoY) (Positive)

*Entero:* Net profit at Rs 21 cr vs loss Rs 3.8 cr, Revenue at Rs 1034 cr vs Rs 887 cr. (YoY) (Positive)

*Genus Power:* Net profit at Rs 24 cr vs loss Rs 11 cr, Revenue at Rs 420 cr vs Rs 202 cr. (YoY) (Positive)

*Aadhar:* Net profit at Rs 202 cr vs Rs 141 cr, Revenue at Rs 334 cr vs Rs 263 cr. (YoY) (Positive)

*Cummins:* Net profit at Rs 561 cr vs Rs 318 cr, Revenue at Rs 2316 cr vs Rs 1926 cr. (YoY) (Positive)

*GMR Airports:* Net loss of ₹167.6 cr vs ₹loss of ₹638.9 cr, Revenue up 29.5% at ₹2,446.8 cr vs ₹1,889.7 cr (YoY) (Positive)

*SJVN:* Net profit at Rs 61.1 cr vs Rs 17.2 cr, Revenue at Rs 482.9 cr vs Rs 503.8 cr. (YoY) (Positive)

*Samvardhana Motherson:* Net profit at Rs 1372 cr vs Rs 654 cr, Revenue at Rs 27,058 cr vs Rs 22,517 cr. (YoY) (Positive)

*Banco Products:* Net profit at Rs 68.2 cr vs Rs 51 cr, Revenue at Rs 723.9 cr vs Rs 609.3 cr. (YoY) (Positive)

*Bajaj Steel:* Net profit at Rs 22.55 cr vs Rs 17.1 cr, Revenue at Rs 174 cr vs Rs 120 cr. (YoY) (Positive)

*M. K. Protiens:* Net profit at Rs 5.83 cr vs Rs 2.5 cr, Revenue at Rs 86.75 cr vs Rs 68.86 cr. (YoY) (Positive)

*SJVN:* Company in pact with Indian Oil for JV in renewable, new tech projects (Positive)

*Avantel:* Company gets Rs 110 crore order for supply of SATCOM equipment from Defence Ministry (Positive)

*BOROSIL:* Company is planning to launch new glass products and expand its product line to replace plastic and steel products (Positive)

*Intellect:* Company unveils ground breaking emach. ai composed and contextual platforms ICPX and IAPX to reimagine corporate procurement and accounts payable processes (Positive)

*HPCL:* Company has signed MOU with oil India limited to collaborate on conventional & alternative energy portfolio (Positive)

*HCL TECH:* Company infuses GENAI into MRO solution to redefine enterprises asset utilization. (Positive)

*NMDC:* Company to seek nod to add more mining areas in Karnataka & Chattisgarh. (Positive)

*JWL:* Receives ARIA approval to start the commercial production of Battery Operated Light Commercial Vehicles (Positive)

*Prestige:* Company says GDV of projects expected to launch in the FY 2025 is 59,000 cr rupees (Positive)

*Infosys:* Company launches AI-led innovations for Roland-Garros 2024 in partnership with French Tennis federation. (Positive)

*KIOCL:* Pellet Plant Unit of the Company situated at Mangalore has resumed its operation (Positive)

*Power Mech Projects:* Company secures an order worth Rs 563 crore from BHEL to construct a nuclear power plant (Positive)

*Yatra:* Yatra Online Unveils Gen AI-Powered Expense Management Solution for SMEs and Large Enterprises (Positive)

*Axis Bank/ICICI Bank:* At the same time, S&P has also revised upward its Stand-Alone Credit Profile of Axis Bank and ICICI Bank by one notch each (Positive)

*HPCL:* MG Motor India collaborates with HPCL to expand EV charging network in India. (Positive)

*RAMS Solutions:* Company announces expansion of strategic partnership with Ramco Systems (Positive)

*Adani Energy:* Company Looking to redeploy surplus fund for future growth (Positive)

*RVNL:* Company gets order worth Rs 38 crore for signalling work (Positive)

*Hind Composites:* Net profit at Rs 8 cr vs Rs 10 cr, Revenue at Rs 78.6 cr vs Rs 78 cr. (YoY) (Neutral)

*Hindustan Oil:* Net profit at Rs 70.6 cr vs Rs 106.7 cr, Revenue at Rs 330.6 cr vs Rs 193.4 cr. (YoY) (Neutral)

*Munjal Showa:* Net profit at Rs 7.8 cr vs Rs 21.2 cr, Revenue at Rs 294.3 cr vs Rs 298.9 cr. (YoY) (Neutral)

*Medicamen:* Net profit at Rs 3.1 cr vs Rs 4 cr, Revenue at Rs 45 cr vs Rs 37.1 cr. (YoY) (Neutral)

*Dredging Corp:* Net loss at Rs 23.5 cr vs profit of Rs 27.2 cr, Revenue at Rs 277.9 cr vs Rs 265.4 cr. (YoY) (Neutral)

*RHI Magnesita:* Net loss at Rs 257.9 cr vs Rs 679.4 cr, Revenue at Rs 943.3 cr vs Rs 874.8 cr. (YoY) (Neutral)
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin

AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post

*Fund Houses Recommendations* Macquarie on *JSW Steel:* Upgrade to Outperform on Company, raise target price at Rs 1077/Sh from Rs 884/Sh...