Stocks To Watch On July 19: Domestic markets experienced a robust trading day, with the Nifty50 index reaching a new milestone of 24,800. In today’s trade, shares of RIL, Wipro, Paytm, Infosys, Tata Technologies among others will be in focus due to first-quarter results and various news developments.
Earnings radar
Wipro, Reliance Industries, UltraTech Cement, Bharat Petroleum Corporation, JSW Steel, Union Bank of India, ICICI Lombard General Insurance Company, Blue Dart Express, CreditAccess Grameen, Fedbank Financial Services, Indian Hotels, One 97 Communications (Paytm), Patanjali Foods, Aether Industries, Atul, PVR Inox, Route Mobile, RPG Life Sciences, Tejas Networks, and Transformers and Rectifiers (India) among other will announced their Q1 results today
Infosys: Profit down 20.1 per cent to Rs 6,368 crore (Q-o-Q). Other income drops 72 per cent to Rs 733 crore; Revenue grows 3.7 per cent to Rs 39,315 crore. Ebit increases 8.8 per cent to Rs 8,288 crore; Margin expands to 21.1 per cent. The company also raised FY25 revenue growth forecast to 3-4 per cent.
L&T Technology Services (LTTS): Indian engineering research and development services provider L&T Technology Services retained its full-year revenue growth forecast of 8 per cent-10 per cent but missed quarterly revenue expectations on Thursday due to prolonged weakness in its key US market.
The company’s revenue grew about 7 per cent to Rs 2,462 crore ($294.4 million) for the three months ending June 30, missing analysts’ expectations of Rs 2,531 crore, per LSEG data.
Shoppers Stop: Q1FY25 net loss at Rs 22.7 crore Y-o-Y; Revenue increases 7.6 per cent to Rs 1,069.3 crore.
Rallis India: Profit declines 23.8 per cent to Rs 48 crore in Q1FY25; Revenue rises 0.1 per cent to Rs 783 crore.
JSW Infrastructure: Q1FY25 profit slips 8.9 per cent Y-o-Y to Rs 292.4 crore; Revenue jumps 15 per cent to Rs 1,009.8 crore.
Dr Reddy’s Laboratories (DRL): Signs non-exclusive patent licensing agreement with Takeda Pharmaceutical Company for Vonoprazan tablets in India.
Sagar Cements: Net loss narrows to Rs 28.4 crore; Revenue rises 3.9 per cent to Rs 560.6 crore.
Tech Mahindra: Approves merger of subsidiary vCustomer Philippines (Cebu) Inc. with parent company.
Zydus Lifesciences: USFDA classifies injectables manufacturing facility inspection in Gujarat as Official Action Indicated (OAI).
Tata Technologies: Profit declines 15.4 per cent Y-o-Y to Rs 162 crore in Q1FY25; Revenue rises 0.9 per cent to Rs 1,269 crore. Ebitda down 7.7 per cent at Rs 231.1 crore and margin dips to 18.2 per cent.
Persistent Systems: Profit drops 2.8 per cent Q-o-Q to Rs 306.4 crore in Q1FY25. Revenue rose 5.7 per cent to Rs 2,737.2 crore. EBIT grows 2.6 per cent to Rs 384 crore, EBIT margin dips to 14 per cent.
Dalmia Bharat: Profit rises 0.7 per cent Y-o-Y to Rs 145 crore in Q1FY25; Revenue drops 0.2 per cent to Rs 3,621 crore.
JTL Industries: Opens QIP issue on July 18 at a floor price of Rs 221.57 per share.
Tata Consumer Products: Capital Raising Committee to meet on July 23 to finalise rights issue details worth Rs 3,000 crore.
South Indian Bank: Profit surges 45.4 per cent Y-o-Y to Rs 294.1 crore in Q1FY25; Net interest income increases 7.2 per cent to Rs 865.8 crore. In terms of asset quality, Gross NPA remains flat Q-o-Q at 4.50 per cent; Net NPA falls to 1.44 per cent.
Tanla Platforms: Profit increases 4.3 per cent Y-o-Y to Rs 141.2 crore in Q1FY25; Revenue grows 10 per cent to Rs 1,002.2 crore.
CIE Automotive India: Profit increases 1.3 per cent Y-o-Y to Rs 216.4 crore in Q1FY25; Revenue drops 1.2 per cent to Rs 2,292.7 crore.
CEAT: Profit jumps 7 per cent Y-o-Y to Rs 154.2 crore in Q1FY25; Revenue increases 8.8 per cent to Rs 3,192.8 crore.
Vodafone Idea: Approves second tranche of preferential equity shares allotment worth Rs 614.5 crore to Nokia Solutions and Ericsson India.
