Stocks to Watch Today: Nykaa, Hindalco, Hero MotoCorp, IRCTC, Voltas, NBCC, GMR Airports Infra

Hindalco Industries: Hindalco sees strong demand in India for its copper and aluminium products, even though its first-quarter earnings fell short of market expectations. The company’s net profit for the first quarter increased by 25.26% to ₹3,074 crore, while its revenue grew by 7.59% to ₹57,013 crore. Hindalco is also interested in acquiring mines owned by Hindustan Copper Ltd in Jharkhand and plans to set up a copper foil plant for lithium-ion batteries.

Hero MotoCorp: Hero MotoCorp reported a net profit of ₹1,123 crore for the quarter ending June 30, 2024, a 36% increase from ₹825 crore in the same period last year. The company’s revenue also saw a 16% rise, reaching ₹10,144 crore compared to ₹8,767 crore in the previous fiscal year.

Apollo Hospitals Enterprise: Apollo Hospitals saw an 83% increase in its consolidated net profit, reaching ₹305 crore in the first quarter of the financial year 2024-25. The company’s revenue from operations also grew by 15%, coming in at ₹5,086 crore.

FSN E-Commerce Ventures (Nykaa): Nykaa’s net profit for the quarter ended June 30, 2024, soared by 152% to ₹13.6 crore, compared to ₹5.4 crore in the same quarter last year. The company’s revenue increased by 23% to ₹1,746 crore.

Nazara Technologies: The gaming and sports media company reported a net profit of ₹23.6 crore for the June 2024 quarter, a 12.9% increase from ₹20.9 crore last year. However, its revenue slightly declined by 1.7% to ₹250 crore.

Indian Railway Catering and Tourism Corporation (IRCTC): IRCTC saw a 32.51% increase in net profit, reaching ₹307.71 crore for the April-June quarter of FY 2024-25, compared to ₹232.21 crore in the previous year. The company’s revenue from operations grew by 11.81%, hitting ₹1,120.15 crore.

Piramal Enterprises: Piramal Enterprises experienced a 64% drop in net profit for the June quarter, down to ₹181 crore, due to a one-off item last year. However, its core net interest income increased by 18% to ₹807 crore, driven by a 10% rise in assets under management.

SpiceJet: SpiceJet is expected to announce its Q1FY25 results on August 14, 2024. The airline, despite ongoing financial challenges, managed a profit of ₹197.64 crore in Q1FY24 but ended FY24 with a loss of ₹409 crore. SpiceJet is now focusing on raising ₹3,000 crore to stay operational.

Voltas: The Life Insurance Corporation of India (LIC) reduced its stake in Voltas from 6.856% to 4.754%. LIC sold off shares between June 12, 2024, and August 12, 2024, at an average price of ₹1,502.931 per share.

EaseMyTrip Planners: The travel booking platform reported a 31% increase in profit after tax, reaching ₹33.93 crore for the June 2024 quarter. The company’s total income rose to ₹156.22 crore, compared to ₹126.64 crore in the previous year.

Emcure Pharmaceuticals: Emcure Pharmaceuticals’ net profit for the first quarter grew by 8.2% year-on-year to ₹152.6 crore, with revenue increasing by 16.6% to ₹1,815.1 crore.

Gujarat Narmada Valley Fertilizers and Chemicals: The company’s net profit for the first quarter rose by 34.1% year-on-year to ₹118 crore, with revenue growing by 22.3% to ₹2,021 crore.

Muthoot Finance: Muthoot Finance reported a 10.6% increase in net profit, reaching ₹1,078.7 crore for the first quarter. Its revenue grew by 21.6%, hitting ₹2,352.7 crore.

PTC India: PTC India saw a 33% increase in its net profit for the June quarter, reaching ₹189 crore, primarily due to lower expenses. The company’s total expenses dropped to ₹4,486.14 crore from ₹4,603.93 crore a year ago.

NBCC: The state-owned NBCC reported a 38% increase in net profit, reaching ₹107.19 crore for the first quarter of FY 2024-25, compared to ₹77.41 crore in the previous year. The company’s total income grew to ₹2,197.83 crore from ₹1,974.03 crore.

GMR Airports Infrastructure: GMR Airports Infra reported a net loss of ₹258.2 crore for the first quarter ending June 30, despite a 19.06% increase in revenue from operations, which reached ₹2,402.20 crore.

Mahindra and Mahindra: Mahindra and Mahindra reported a 2.1% increase in total sales for July, with 64,929 units sold. However, production fell by 1.2% to 69,138 units, and exports dropped by 40.4% to 1,515 units.

SJVN: SJVN’s net profit for the first quarter increased by 31.4% to ₹357.1 crore, with revenue growing by 29% to ₹870.4 crore. The company’s board approved the monetization of future revenue from the Nathpa Jhakri Hydro Power Station.

Samvardhana Motherson International: The auto components company reported a 69.3% increase in net profit for the first quarter, reaching ₹1,097.18 crore, driven by strong revenue growth. Total revenue stood at ₹28,867.96 crore.

Manappuram Finance: Manappuram Finance saw a 12% increase in net profit for the first quarter, reaching ₹555 crore, with strong growth in its gold loan business.

Bajaj Finance: Bajaj Finance plans to borrow up to $500 million offshore. The company is in talks with foreign banks for a deal with a tenor of three to five years.

State Bank of India (SBI): SBI aims to sell its 24% stake in Yes Bank by March 2025. Japanese lender Sumitomo Mitsui and Dubai-based Emirates NBD are in advanced talks to acquire a majority stake in Yes Bank.

Vedanta: Vedanta announced plans to sell a 2.6% stake in Hindustan Zinc, representing 11 crore shares. Hindustan Zinc recently reported its first profit growth after six consecutive quarters of decline.

Honasa Consumer (Mamaearth): Mamaearth’s parent company, Honasa Consumer, may see slow growth in Q2FY25 as it shifts from a super stockist to a direct-to-customer (D2C) model. This transition is expected to impact annual growth by 150-200 basis points.

LTIMindtree: LTIMindtree has received an order from the GST department in Mumbai to pay ₹62.4 crore after the denial of a zero-rated supply provision. The company plans to challenge the order legally.

Tata Motors: Tata Motors-owned Jaguar Land Rover announced that the locally-produced Range Rover Sport will be available in the domestic market, completing the Range Rover portfolio made in India.

Bombay Dyeing and Manufacturing Company: Bombay Dyeing has finalized a deal with Goisu Realty, receiving ₹537.78 crore for the sale of land in Worli.

Brainbees Solutions (FirstCry): Nomura India Investment Fund purchased a 0.93% stake in FirstCry, while another Nomura fund bought a 0.62% stake at an average price of ₹681.03 per share.

Sansera Engineering: Sansera Engineering’s board will meet on August 20 to consider raising funds through Qualified Institutional Placement (QIP) or other methods.

Sundram Fasteners: SBI Mutual Fund bought a 0.6% stake in Sundram Fasteners at ₹1,318 per share. Promoter TVS Sundram Fasteners sold a 1.57% stake at the same price.

Vibrant Global Capital: Investor Siddhartha Bhaiya sold a 0.48% stake in Vibrant Global Capital at an average price of ₹78.84 per share.