Stocks in Focus: Titan, Swiggy, Tata Power, Aadhaar Housing, and Whirlpool
Several prominent companies, including Titan, Swiggy, Tata Power, Aadhaar Housing, and Whirlpool, are expected to be in the spotlight ahead of the market opening. Here's a detailed look at their recent performance and upcoming events.
StocksIndian MarketCorporate ActionsQ3 ResultsFinancial PerformanceReal Estate NewsFeb 05, 2025
The BSE Sensex surged 1,394.07 points, or 1.81%, to close at 78,583.81, while the NSE's Nifty50 climbed 378.20 points, or 1.62%, to settle at 23,739.25.
As the market gears up for the opening bell on Wednesday, February 5, 2025, several stocks are expected to remain in the spotlight.
Here’s a closer look at some of the key players and their recent developments
Q3 Results TodaySeveral companies are set to announce their Q3 results for the fiscal year ending December 31, 2024.
Notable among these are Swiggy, Info Edge (India), Zydus Lifesciences, Solar Industries India, Cummins India, Abbott India, Page Industries, GE Vernova T&D India, Gujarat Gas, Inventurus Knowledge Solutions, Sagility India, Timken India, Kansai Nerolac Paints, Welspun Corp, Redington India, Reliance Power, and Data Patterns (India).
Corporate Actions- Thinkink Picturez Shares will trade ex-bonus today.- Ganesh Holding, Harshil Agrotech, and Kairosoft Ai Solutions Rights issues open today.- Coromandel International, Dr Lal Pathlabs, GTV Engineering, Indian Metals & Ferro Alloys, Manba Finance, MAS Financial Services, Shree Cement, SMC Global Securities, and Sona BLW Precision Forgings Shares will trade ex-dividend today.
Titan CompanyTitan, a renowned jewellery maker, reported a marginal drop in net profit to Rs 1,047 crore for the quarter ending December 31, 2024, down from Rs 1,053 crore in the same period last year.
This decrease is attributed to inventory losses due to a reduction in customs duty on gold imports, which negatively impacted the company's margins.
Tata PowerThe Tata Group's power company declared a consolidated net profit of Rs 1,188 crore for the third quarter of FY 24-25, marking a 10% YoY growth.
Its revenue increased by 3% to Rs 15,793 crore, reflecting steady performance in the energy sector.
Aadhaar Housing FinanceAadhaar Housing Finance, a shadow lender, has allotted 4.8 lakh equity shares of Rs 10 each to eligible employees who have exercised their stock options.
This move is expected to boost employee morale and align their interests with the company's long-term goals.
Max Financial ServicesA material subsidiary of Max Financial Services, Axis Max Life Insurance, has approved a proposal to raise additional capital through the issuance of non-convertible debentures worth up to Rs 1,300 crore.
This capital infusion is aimed at strengthening the company's financial position and supporting future growth initiatives.
Whirlpool of IndiaThe electronics appliance maker, Whirlpool of India, reported a robust 57% YoY increase in net profit to Rs 44 crore.
The company also experienced a 11% YoY growth in revenue from operations, which rose to Rs 1,705 crore.
This positive performance underscores the company's strong market position and consumer demand for its products.
OnMobile GlobalOnMobile Global, a web-based media services provider, recorded a net loss of Rs 5.09 crore for the December 2024 quarter, nearly doubling on a YoY basis.
However, the company's total income increased by 26.3% to Rs 166.5 crore, indicating a mixed performance in the quarter.
Birla CorporationBirla Corporation, a leading player in the cement and cement products segment, has announced the closure of its PVC Flooring Plant in Birlapur, West Bengal.
This decision is part of the company's strategic restructuring efforts to optimize operations and improve efficiency.
Religare EnterprisesReligare Enterprises, a financial services company, reported a net loss of Rs 43.08 crore in Q3FY25, in contrast to a net profit of Rs 19.5 crore in the same period last year.
Despite the loss, the company's revenue from operations rose 10% to Rs 1,664 crore, reflecting some positive trends in its core business.
PC JewellerPC Jeweller, a prominent jewellery player, returned to profitability with a net profit of Rs 148 crore for the third quarter of FY 24-25.
The company's revenue from core operations surged by 1,496% to Rs 639.45 crore, highlighting a significant turnaround in its performance.
Delton CablesDelton Cables, a wires and cables company, has leased a new industrial property in Palwal, Haryana, to expand its manufacturing capacity.
This move is expected to enhance the company's production capabilities and support its growth plans.
Gandhar Oil RefineryGandhar Oil Refinery, a lubricant maker, saw a solid 59% YoY drop in net profit to Rs 19 crore in the December 2024 quarter.
Additionally, its revenue from operations decreased by 9% to Rs 1,005 crore, indicating challenges in the current business environment.
Tricom Fruit ProductsTricom Fruit Products, a food products company, received an insolvency update with the approval of its resolution plan by the Committee of Creditors (CoC).
This development is a crucial step towards the company's financial recovery and restructuring.
Niyogin FintechNiyogin Fintech, a fintech platform, has approved a composite scheme of arrangement and amalgamation involving the separation of its NBFC business and iServeU.
The two entities will now be individually listed, marking a significant strategic shift for the company.
DisclaimerThe information provided herein is for general informational purposes only and should not be construed as investment advice.
Readers are advised to consult with a qualified financial advisor before making any investment decisions.
Frequently Asked Questions
What is the current status of the Indian benchmark indices?
The BSE Sensex ended at 78,583.81, gaining 1,394.07 points or 1.81%, and the NSE's Nifty50 settled at 23,739.25, up 378.20 points or 1.62%.
Which companies are set to announce their Q3 results today?
Several companies will announce their Q3 results today, including Swiggy, Info Edge (India), Zydus Lifesciences, Solar Industries India, Cummins India, Abbott India, Page Industries, GE Vernoma T&D India, Gujarat Gas, and others.
How did Titan Company perform in the recent quarter?
Titan Company reported a marginal decrease in net profit to Rs 1,047 crore, down from Rs 1,053 crore in the same period last year, primarily due to inventory losses from reduced customs duty on gold imports.
What significant corporate action is happening at Thinkink Picturez?
Shares of Thinkink Picturez will trade ex-bonus today.
What is the performance of Whirlpool of India in the recent quarter?
Whirlpool of India reported a 57% YoY increase in net profit to Rs 44 crore and a 11% YoY growth in revenue from operations to Rs 1,705 crore.
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