Stocks To Watch On August 12: Domestic markets ended in the red for the second week in a row, as key indices fell 1% last week. In today’s trade, shares of IRFC, Vodafone Idea, Adani Enterprises, Honasa Consumer, Siemens, Jubilant FoodWorks among others will be in focus due to various news developments and first quarter results
Here is a list of stocks to watch today, August 12:
Q1FY25 Results on Monday: 63 Moons Technologies, Abhijit Infra, ABVL, Advait Infratech, Anjani Foods, Asian Energy Services, Balrampur Chini Mills, BCG, BCL Enterprises, BCL Industries, Coromandel Engineering Company, Dalmia Industrial Development, Dhanlaxmi Bank, Godrej Properties, Goyal Aluminiums, Grauer & Weil (India), Grandlay Electricals (India), GRM Overseas, Grovy India, GSL Securities, GSTL, GTV Engineering, Happiest Minds Technologies, Hindustan Copper, Hindustan Oil Exploration Company, IRFC, Kaveri Seed Company, National Aluminium Company, Petronet LNG, P H Capital, Phosphorus (India), Pharmaids Pharmaceuticals, Piccadily Agro Industries, Piccadily Sugar & Allied Industries, Picturehouse Media, Pilani Investment and Industries Corporation, Pioneer Embroideries, Pioneer Investment, Platino Interiors, Polychem, Power Mech Projects, PSL, PTC Industries, Punjab National Bank, Purbanchal Laminates, Raghunath Tobacco Company, Rajkamal Synthetics, Raj Rayon Industries, Rajvir Industries, Rallis India, Rathi Graphic Technologies, Ravalgaon Sugar Farm, Raymed Pharmaceuticals, and Reliance Communications.
Oil and Natural Gas Corporation (ONGC): The company, in a regulatory filing, has said that it has received approval from the Government of India for the infusion of additional equity capital up to Rs 10,501 crore in ONGC Petro additions Limited, the conversion of back-stopped Compulsorily Convertible Debentures (CCDs) amounting to Rs 7,778 crore, and the balance payment of Rs 86 crore with respect to share warrants, totaling Rs 18,365 crore.
Tata Motors: Tata Motors expects demand to remain sluggish in overseas markets this fiscal while pinning hopes on a gradual bounce back in the domestic market on the back of new launches and the upcoming festive season.
Honasa Consumer: Honasa Consumer reported a 63% year-on-year jump in its consolidated net profit for the quarter ended June 2024 at Rs 40 crore.
Sterling and Wilson Renewable Energy: The leading domestic renewable EPC has announced that it has received new order for the Engineering, Design, Testing & Commissioning of a 400 MW AC/ 633 MW DC PV plant along with Supply & Works for a 33/220 kV switchyard to be built at the plant for a PV project in Rajasthan, India. The total value of works, including taxes, levies, and duties, is approximately Rs 550+ crore.
Amara Raja Energy & Mobility: Amara Raja Advanced Cell Technologies, a wholly owned subsidiary of Amara Raja Energy & Mobility Limited (ARE&M), one of India’s leading battery manufacturers, has signed a Memorandum of Understanding (MoU) with Piaggio Vehicles Private Limited, a 100% Indian subsidiary of the Italian auto giant, Piaggio Group.
Grasim Industries: The company reported consolidated revenue of Rs 33,861 crore in Q1FY25, up 9 per cent year-on-year (YoY), driven mainly by a strong performance in its diversified business portfolio, the company said in a filing to the stock exchanges. The company’s net profit, however, fell 23.4 per cent YoY to Rs 1,208 crore during the quarter under review. The company has also announced its standalone capital expenditure of Rs 4,553 crore for the ongoing financial year (FY25).
Zydus Lifesciences: The company has reported a 30.66 per cent year-on-year (YoY) surge in profit after tax (PAT) to Rs 1,482.5 crore during the first quarter of the financial year 2024-25. Zydus’s revenue from operations increased by 20.79 per cent YoY to Rs 6,207.5 crore.
Adani Enterprises: US-based short-seller alleged that Sebi chief Madhabi Puri Buch and her husband Dhaval Buch had stakes in Bermuda and Mauritius-based offshore funds used by Gautam Adani’s brother Vinod Adani “to amass and trade large positions in shares of the Adani Group”.
Berger Paints: The paint major reported a marginal decline in its consolidated net profit to Rs 353.56 crore in Q1FY25 as against Rs 354.35 crore posted in Q1FY24. The company’s revenue from operations jumped 2.03 per cent to Rs 3,091.01 crore in the June quarter, from Rs 3,029.51 crore recorded in Q1FY24.
Inox Wind: The company has reported a Rs 50 crore profit after tax during Q1FY25 on account of a surge in income. Inox Wind had reported a loss of Rs 65 crore in the corresponding quarter of the preceding financial year, the company said in an exchange filing. The company’s total revenue surged 85 per cent to Rs 651 crore from Rs 352 crore in the year-ago period.
Aurobindo Pharma: The Hyderabad-based drug maker said that its consolidated net profit increased 61 per cent year on year to Rs 919 crore in the first quarter of FY25, aided by strong sales across markets. The company had reported a net profit of Rs 571 crore in the corresponding quarter of last fiscal.
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