Market Commentary     16-Jul-24
Stock Alert
Stock Alert: Jio Financial Services, Spicejet, Hatsun Agro Product, Hindustan Unilever (HUL)
Securities in F&O ban: Aditya Birla Fashion and Retail (ABFRL), Balrampur Chini Mills, Bandhan Bank, Chambal Fertilisers & Chemicals, GMR Airports Infrastructure, GNFC, IEX, India Cements, Indus Towers, Piramal Enterprises and RBL Bank.

Upcoming results: Alok Industries, Bajaj Auto, Century Textiles & Industries, Crisil, Himadri Speciality Chemical, Jubilant Ingrevia, Just Dial and L&T Finance

Hatsun Agro Product’s revenue increased 10% to Rs 2,375 crore in Q1 FY25 as compared with Rs 2,151 crore. Net profit jumped 63% YoY to Rs 131 crore in Q1 FY25. The company declared dividend of Rs 6 per share.

Jio Financial Services’ revenue was flat at Rs 417.8 crore in Q1 FY25 as compared with Rs 418.1 crore in Q1 FY24. Net profit increased marginally to Rs 312.6 crore in Q1 FY25 a compared with Rs 310.6 crore posted in corresponding quarter last year.

Spicejet reported consolidated net profit of Rs 127 crore as on 31 March 2024 as compared with net loss of Rs 6.2 crore in 31 March 2023. Revenue declined 19% to Rs 1738 crore in Q4 FY24 as compared with Rs 2,145 crore in Q4 FY23.

Angel One’s consolidated net profit stood at Rs 293 crore, up 33% as compared with Rs 221 crore. Total income jumped 74% YoY to Rs 1,410 crore from Rs 811 crore.

Hindustan Unilever (HUL) will divest its water purification business, Pureit via a slump sale to AO Smith India at an enterprise value of Rs 601 crore. The sale is in line with its intent to focus sharply on core strategies.

Balkirhsna Industries completed setting up of a mould manufacturing plant at Bhuj unit with a capex of Rs 300 crore.

Lupin divested its US commercial women’s health specialty business to Evofem Biosciences for consideration of up to $84 million based on future contingent milestones.

Ujaas Energy approved a bonus issue of one for every four held. It will also raise up to Rs 500 crore via equity.

Lemon Tree Hotels opened a 42 room hotel in Jamshedpur, Jharkhand.

Previous News
  Jio Financial Services Q4 PAT rises 2% YoY to Rs 316 cr
 ( Hot Pursuit - 21-Apr-25   09:55 )
  Stock Alert: Infosys, Jio Financial Services, Just Dial, Tata Elxsi, HDFC Bank, ICICI Bank
 ( Market Commentary - Stock Alert 21-Apr-25   08:22 )
  Board of Jio Financial Services recommends final dividend
 ( Corporate News - 19-Apr-25   09:25 )
  Jio Financial Services consolidated net profit rises 1.76% in the March 2025 quarter
 ( Results - Announcements 19-Apr-25   09:10 )
  Jio Financial Services Q4 PAT rises 2% YoY to Rs 316 cr
 ( Hot Pursuit - 19-Apr-25   08:57 )
  Angel One drops after Q4 PAT slips 49% YoY; declares dividend of Rs 26 per share
 ( Hot Pursuit - 17-Apr-25   10:36 )
  Board of Angel One appoints director
 ( Corporate News - 17-Apr-25   09:34 )
  Board of Angel One recommends final dividend
 ( Corporate News - 17-Apr-25   09:17 )
  Angel One consolidated net profit declines 48.66% in the March 2025 quarter
 ( Results - Announcements 17-Apr-25   07:34 )
  Jio Financial Services announces board meeting date
 ( Corporate News - 15-Apr-25   10:19 )
  Jio Finance introduces digital loan against securities
 ( Corporate News - 08-Apr-25   15:35 )
Other Stories
  Stock Alert: Reliance Industries, Kamat Hotels, Oracle Financial Services Software, Force Motors, Ultratech Cement
  28-Apr-25   08:45
  Stock Alert: Axis Bank, Tech Mahindra, Macrotech Developers, Reliance Industries,
  25-Apr-25   08:30
  Stock Alert: Bajaj Housing Finance, Tata Consumer Products, LTIMindtree, Axis Bank, Bajaj Finance
  24-Apr-25   08:30
  Stock Alert: HCL Tech, Waaree Energies, AU Small Finance Bank, Tata Comm, Tata Consumer Products
  23-Apr-25   08:20
  Stock Alert: HCL Tech, Mahindra Logistics, Anant Raj, Himadri Speciality Chemical, Tata Investment Corp
  22-Apr-25   08:29
  Stock Alert: Infosys, Jio Financial Services, Just Dial, Tata Elxsi, HDFC Bank, ICICI Bank
  21-Apr-25   08:22
  Stock Alert: Wipro, Angel One, Waaree Renewable Tech, Infosys, BHEL
  17-Apr-25   08:35
  Stock Alert: IREDA, Wipro, Swiggy, Lemon Tree Hotels, Dabur India, Angel One
  16-Apr-25   08:35
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  15-Apr-25   08:29
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  11-Apr-25   08:29
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