Stocks to watch: On Wednesday 6 August, the stock market may show huge action in 10 companies’ stocks. The reason for this is quarterly results, dividends and corporate action. Know which 10 stock traders and investors will be on the radar of Wednesday in Wednesday’s trading session.
Pharma company’s profit has increased by 49.9% to ₹ 215.4 crore on an annual basis. During this period, income increased by 7.4%. Ebitda also saw a jump of 39%, while the margin has increased from 19% to 24.4%.
In the first quarter, the company recorded a profit of ₹ 16.5 crore, which was ₹ 7.4 crore in the same quarter of the previous year. The total income was ₹ 374.4 crore. It was ₹ 129.6 crore last year. Ebitda rose 40% to ₹ 24 crore, compared to ₹ 17.1 crore last year.
Bakery Food Company Britannia Industries has increased by 3% compared to the previous year. At the same time, revenue has increased by 9%. Ebitda has increased by half a percent, although margin has declined. The profit was below the estimate, but the Revenue performed better than expected.
Bharti Airtel Limited recorded a consolidated net profit of ₹ 5,948 crore with an annual gains of 43%. A year ago this figure was ₹ 4,159 crore. Airtel’s revenue rose by 28% to ₹ 49,463 crore.
The construction company’s profit on an annual basis has come down from ₹ 201 crore to ₹ 190 crore. Revenue has also come down to ₹ 4,378 crore, which was earlier ₹ 4,713 crore. Ebitda has declined and it decreased from ₹ 439 crore to ₹ 395 crore.
Bharti Hexacom’s profit fell 16.4% in the first quarter compared to the March quarter. There has also been a slight decline in income and ebitda. However, the margin quarterly rate quarter remains stable.
Andhra Pradesh -based instant coffee manufacturer CCL Products India Limited has reported a revenue of ₹ 1,055 crore with an increase of 36.5% annually in the June quarter. However, the profit remained almost stable and reached ₹ 72.4 crore. It was ₹ 71.4 crore in the same quarter last year.
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Godawari Power and ISPAT LTD (GPIL) fell 24.4% to ₹ 216 crore in the June quarter, which was ₹ 286 crore last year. Revenue also dropped by 2% from the operation and it was ₹ 1,345 crore, causing the product prices fall.
The board of Sumit Industries has approved the split of a 5 stocks of ₹ 2 in a face value of ₹ 10 in 5 stocks.
The company has set a record date for the final dividend on 22 August declared for FY2025. The dividend will be distributed on or before September 27 after approval in AGM.
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