Market Commentary     30-Oct-24
Stock Alert
Stock Alert: Marico, Allied Blenders & Distillers, Star Health & Allied Insurance, Moitsons Jewellers
Securities in F&O Ban:

DFC First Bank, IndiaMart Intermesh, L&T Finance, Manappuram Finance, PNB, RBL Bank.

Result Today:

Larsen & Toubro ., Tata Power, the New India Assurance Co, Aditya Birla Capital, Procter & Gamble Hygiene & Health Care, Biocon, Dabur India, DCM Shriram, Electrosteel Castings, Grindwell Norton, Indraprastha Medical Corp, IRB Infrastructure Developers , Shalby , Sterlite Technologies , TCI Express, TTK Prestige, and Vardhman Textiles will declare their result later today.

Stock to Watch:

Marico reported 19.83% increase in consolidated net profit to Rs 423 crore in Q2 FY25 as compared with Rs 353 crore posted in Q2 FY24. Revenue from operations increased 7.59% YoY to Rs 2,664 crore in Q2 FY25, with underlying volume growth of 5% in the domestic business and constant currency growth of 13% in the international business.

Star Health and Allied Insurance’s standalone net profit declined 11% to Rs 111 crore in Q2 FY25 as compared with Rs 125 crore in Q2 FY24. Net premium jumped 16% YoY to Rs 3,704 crore during the quarter.

Motisons Jewellers’ standalone net profit surged 100% to Rs 10 crore on 21.11% increase in revenue from operations to Rs 109 crore in Q2 FY25 over Q2 FY24.

Hitachi Energy’s standalone net profit jumped 111% to Rs 52 crore on 26.5% increase in revenue to Rs 1,554 crore in Q2 FY25 over Q2 FY24.

Allied Blenders & Distillers’ net profit surged 318.87% to Rs 47.5 crore on 1.97% jump in revenue from operations to Rs 867.67 crore in Q2 FY25 over Q2 FY24.

Kaynes Technology’s consolidated net profit fell 5.73% to Rs 115 crore on 7.25% decline in revenue to Rs 572 crore in Q2 FY25 over Q2 FY24.

Glaxosmithkline Pharmaceuticals’ consolidated net profit jumped 15.59% to Rs 252 crore on 5.53% increase in revenue to Rs 1,010 crore in Q2 FY25 over Q2 FY24.

Previous News
  Marico Ltd spurts 1.22%
 ( Hot Pursuit - 12-Dec-24   13:05 )
  Marico allots 24,844 equity shares under ESOP
 ( Corporate News - 11-Dec-24   14:58 )
  Allied Blenders & Distillers acquires LLP Minakshi Agro Industries
 ( Corporate News - 11-Dec-24   09:29 )
  Godrej Consumer Products Ltd leads losers in 'A' group
 ( Hot Pursuit - 09-Dec-24   15:00 )
  Indices trade with minor cuts; auto shares slide
 ( Market Commentary - Mid-Session 09-Dec-24   14:30 )
  Star Health drops after IRDAI issues show cause notice
 ( Hot Pursuit - 09-Dec-24   13:55 )
  Marico allots 34,640 equity shares under ESOP
 ( Corporate News - 03-Dec-24   15:27 )
  Volumes spurt at K E C International Ltd counter
 ( Hot Pursuit - 28-Nov-24   11:00 )
  Marico Ltd gains for fifth session
 ( Hot Pursuit - 27-Nov-24   13:00 )
  Marico allots 3.25 lakh equity shares under ESOP
 ( Corporate News - 21-Nov-24   17:31 )
  Marico allots 45,100 equity shares under ESOP
 ( Corporate News - 05-Nov-24   17:00 )
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