Stocks to Watch on Thursday, May 2, 2024
Amid a mixed global market outlook, Indian investors will be closely monitoring stock-specific movements on Thursday, May 2, 2024. This comes amidst the ongoing earnings season for the March quarter (Q4FY24).
Adani Ports and Special Economic Zone
Adani Enterprises
Coal India
Dabur India
Federal Bank
Coforge
KEI Industries
KPR Mills
Ajanta Pharma
Blue Star
CIE Automotive India
Blue Dart Express
Ramkrishna Forgings
Railtel
CEAT
Voltamp Transformers
South Indian Bank
UGRO Capital
Astec Lifesciences
JBM Auto
Adani Power: Reported a 48% year-on-year (YoY) decline in consolidated net profit to Rs 2,737 crore for the quarter ended March 2024. Revenue from operations increased 30% to Rs 13,363.69 crore.
This Adani Group company reported a 59% surge in its standalone net profit to Rs 156 crore for Q4FY24. Revenue from operations fell 3% to Rs 12,703.64 crore, impacted by a decline in the export business of oil meals.
The cement company recorded a 64% YoY jump in consolidated net profit to Rs 1,055 crore. On a standalone basis, the cement maker's profit rose 6% to Rs 532 crore.
Reported a 13.26% decline in its consolidated net profit to Rs 381.29 crore for the March quarter of FY24.
ATGL reported a 71.6% YoY jump in net profit to Rs 168 crore for the March quarter. Ebitda jumped 47.6% to Rs 299.1 crore with Ebitda margin at 24.7% compared to 17.5% in the year-ago period.
Investors will be keen to analyze these results and assess their impact on the respective companies' future prospects. This information will likely influence trading decisions throughout the day.