🇮🇳India Daybook – Stocks in News on February 2, 2024
Texmaco Rail: Revenue at 896 Cr Vs 625 Cr, +43.3%. EBITDA 82 Cr Vs 56 Cr, +46.4% (YoY) (Positive)
Jupiter Wagons: Revenue at Rs.896 cr vs 644 cr, +39%, EBITDA at Rs.124 cr vs 79 cr, +57% (Positive)
Castrol: Net Profit up 25.1% at Rs 241.9 cr vs Rs 193.3 cr, Revenue up 7.5% at Rs 1,264 cr vs Rs 1,176 cr (YoY) (Positive)
Pricol: Net Profit up 26.9% at Rs 34 cr vs Rs 26.8 cr, Revenue up 20.8% at Rs 572.6 cr vs Rs 474.2 cr (YoY) (Positive)
Indian Hotels: Net Profit up 18.2% at Rs 476.9 cr vs Rs 403.6 cr, Revenue up 16.5% at Rs 1,963.8 cr vs Rs 1,685.8 cr (YoY) (Positive)
Abbott: Net profit at Rs 311.0 cr, up 26 percent, Revenue at Rs 1437 cr, up 9 percent (YoY) (Positive)
UFO: Net Profit at Rs 5.0 cr vs loss Rs 0.3 cr, Revenue at Rs 118.0 cr vs Rs 110.0 cr (YoY) (Positive)
Bandhan Bank: Bank appoints Former CEO of HDFC Sales Pvt Ltd, Santosh Nair as Head-Consumer Lending & Mortgages (Positive)
NMDC: January production up 8.1% at 4.54 mt vs 4.20 mt (YoY). (Positive)
Aviation stocks: Domestic and international air traffic witnesses growth. (Positive)
Apollo Micro: Company received contract worth of Rs 25.6 crore (Positive)
Eicher Motors: January total sales at 76187 units Vs estimate of 74510 units (Positive)
Mahanagar Gas: City gas distributor on Thursday said it has acquired a 100% stake in Unison Enviro Pvt Ltd. (Positive)
Minda Corp: Profit up 4% at Rs 52.5 cr vs Rs 52.3 cr , Revenue up 9.1% at Rs 1,165.8 cr vs Rs 1,068.3 cr (YoY) (Neutral)
Bata: Net Profit down 30.1% at Rs 58 cr vs Rs 83 cr, Revenue up 0.4% at Rs 903.4 cr vs Rs 900 cr (YoY) (Neutral)
MPhasis: Net Profit down 4.7% at Rs 373.6 cr vs Rs 391.9 c, Revenue up 1.9% at Rs 3,337.9 cr vs Rs 3,276.5 cr (QoQ) (Neutral)
City Union Bank: Net Profit up 16.2% at Rs 253 cr vs Rs 217.8 cr, NII down 7.2% at Rs 515.9 cr vs Rs 555.7 cr (YoY) (Neutral)
Godrej Agro: Net Profit down 27.6% at Rs 83 cr vs Rs 114.6 cr, Revenue up 0.9% at Rs 2,345.2 cr vs Rs 2,323.5 cr (YoY) (Neutral)
Sonata Soft: Net Loss at Rs 46.2 cr Vs profit of Rs 124.2 cr (QoQ) >>Revenue (GU)30.4% at Rs 2,493.3 cr Vs Rs 1,912.6 cr (QoQ) (Neutral)
Nestle: Varun Sethuraman to succeed Gopichandar Jagatheesa as BEO of Cereals Business (Neutral)
Paytm: Company on Thursday said that the RBI’s actions are a big speed bump and that there will be a requirement to have some operational change for which work has started (Neutral)
Ashok Ley: January total sales at 15,939 units Vs estimate of 16,800 units (Neutral)
TVS Motors: January total sales at 339513 units Vs estimate of 346010 units (Neutral)
Hero MotoCorp: January total sales at 433598 units Vs estimate of 450000 units (Neutral)
Panacea Biotec: The USFDA has classified the inspection of Baddi, Himachal Pradesh facility of the company’s subsidiary Panacea Biotec Pharma as Official Action Indicated. (Negative)
TNPL: Net Profit at Rs 16 cr versus profit Rs 113 crore; revenue declines 1% to Rs 1240.0 crore (Negative)
Currency update (02-02-2024)
Usdinr: The pair is in a bearish trajectory.
On expected lines, it challenged the 83 mark, and moving forward, the next significant support sits at 82.70-82.80, with obstacles now at 83.20.
GBPINR:- The pair experienced a steep dip yesterday, bringing cheer to bears.
Pair has now gone below the 105 threshold.
Going forward, important support is 104.50-104.60, with key resistance at 105.25-105.35.
EURINR:- pair is in downtrend and for any solid recovery, need to sustain above the 90 mark.
While 89.50 may serve as a support
Jpyinr opened higher, but profit-taking led to a finish of 56.81. Despite pressure from higher levels, this was the best close in the last 7-8 trading sessions.
Going forward, 57.30-57.40 are significant resistance zones.
While 56.50-56.60 may be the major support area.
For information only
