Stocks to watch: Investors will keep an eye on 12 big stocks in the stock market on Wednesday, August 13. The quarterly results of these companies, changes in profit-ravanu and important business deals can stir the market. These include stocks like Suzlon Energy, NYKAA, RCF, Vodafone Idea. Let’s know about all the stocks that will be on the radar of investors and traders in Wednesday’s trading session.
Consolidated profits of Suzlon Energy increased from Rs 302 crore to Rs 324 crore in the June quarter. Consolidated revenue increased from Rs 2,021 crore to Rs 3,132 crore. Ebitda increased from Rs 368.3 crore to Rs 598.2 crore and Ebitda margin rose from 18.2% to 19.1%.
Beauty and fashion brand NYKAA increased from Rs 13.64 crore to Rs 24.47 crore in the June quarter. The income increased from Rs 1,746 crore to Rs 2,155 crore. Ebitda increased from Rs 96 crore to Rs 141.1 crore and the Ebitda margin increased from 5.5% to 6.5%.
RCF’s profit in the first quarter increased from Rs 10.8 crore to Rs 54.4 crore. Income declined from Rs 4,396 crore to Rs 3,370.5 crore. Ebitda increased from Rs 115.8 crore to Rs 157.9 crore and Ebitda margin increased from 2.6% to 4.7%.
Jindal Steel’s profit in the first quarter rose by about 12% on an annual basis. However, the income declined by about 10%. Excess of expenses led to profit and Ebitda increased by 6%, while margin also saw an improvement.
Karnataka Bank’s June quarter profit declined from Rs 400 crore to Rs 292 crore. The gross NPA rose from 3.08% to 3.46% and NPA from 1.31% to 1.44% compared to the March quarter.
The profit of government defense company Cochin Shipyard increased from Rs 174 crore to Rs 187.8 crore in Q1. The income increased from Rs 771.5 crore to Rs 1,068 crore. Ebitda increased from Rs 177.8 crore to Rs 241.3 crore, but the Ebitda margin fell from 23% to 22.5%.
Telecom company Vodafone Idea has announced to purchase 26% stake in the SPV of Aditya Birla Renewable. Along with this, the company has also signed a power purchase agreement with Aditya Birla Renewable.
VA Tech’s profit increased from Rs 55 crore to Rs 66 crore. Income increased from Rs 626.5 crore to Rs 734 crore. Ebitda increased from Rs 81.4 crore to Rs 95.6 crore and the Ebitda margin remained stable at 13%.
The first quarter profit of PI Industries declined from Rs 498 crore to Rs 464 crore, although the market estimate was better than Rs 389 crore. The income declined from Rs 2,012 crore to Rs 1,769 crore.
NSDL’s June quarter profit increased from Rs 77.8 crore to Rs 89.6 crore. The income declined from Rs 337 crore to Rs 312 crore. Ebitda increased from Rs 80.8 crore to Rs 95.6 crore and Ebitda margin increased from 24% to 30.6%.
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Nazara Technologies Ltd recorded a profit of ₹ 51.34 crore in the June quarter. This is more than double the last year’s ₹ 23.6 crore. Revenue increased by 99.5% to ₹ 498.7 crore on an annual basis. Ebitda increased by 87.4% to ₹ 47.2 crore, while the margin declined from 10% to 9.5%.
Jupiter Wagons LTD (JWL) recorded a ₹ 31 crore net profit in the first quarter on an annual basis, which was ₹ 91.9 crore last year. Revenue declined by 47.8% to ₹ 459.3 crore from the operations, compared to ₹ 879.8 crore in the same period last year.
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