Stocks to Watch: Key Market Movers for July 31, 2024

Stocks on the Watchlist: The Big Noteworthy Names in View for July 31, 2024 Pranay Prakash Jul 31, 2024 8:46 AM 9 min read There are a few stocks that will always be in the news and on everyone’s thoughts as July comes to an end. We come to know about the performance and the future outlook of some of the leading participants of today’s marketplaces for both our professional and academic students. Our essay will not be coming to a biased conclusion; it is pointing to no other ambition, than telling the facts impartially. Further, the author has tried to write using a very different style of reporting.

GAIL (the Indian Equivalent )

India’s biggest gas marketer, GAIL, posted a massive 77.5 percent growth in consolidated net profit at ₹3,183 crore for the first quarter of FY25. High transportation volumes and better natural gas marketing profitability were some of the reasons attributed by GAIL for the rise. Revenue from operations stood at ₹34,821.89 crore. This commitment to sustainable growth is the reason GAIL has decided to withdraw its Declaration of Net Zero Carbon target by the year 2040.

Tata Consumer Products recorded growth of 16.3% in operating revenue at ₹4,352 crore for the first quarter of FY24 against the year-ago period, but net profit fell by 14.3% to ₹289.3 crore. The company’s revenues from “growth businesses” and the salt business are showing an uptick. In alignment with the business plan, Tata Starbucks opened 17 new outlets.

ITC expects revenue in Q1 FY25 to be around $17,171 crore, which is 8.5 percent more than in Q1 of the previous year. A net profit of about 5,137 crore is what we are looking at. The paper and FMCG industries have been particularly tough despite the presence of the very robust hotel and FMCG businesses. Investment professionals and analysts would be closely tracking ITC’s ability to navigate through tides.

Stainless steel at Jindal

Net profit at Jindal Stainless Ltd dropped 13.1% year on year to ₹648.1 crore in Q1 FY25 on operating sales that slumped to ₹9,429.8 crore. However, EBITDA increased to $1,211.8 crore that marked a 1.6% increase. The industry dealing in ornamental pipe and tube have turned out to be an object of interest and attention because of the Jindal Saathi 5.0 co-branding programme making it a possible smart market placement site.

Titan Steel

With the splendid success of its operations in India and the trimming of losses in Europe, Tata Steel is set to report a Q1 FY25 operating profit significantly higher year-over-year. The EBITDA of ₹6,318 crore and expected revenues of ₹57,728 crore underscore tenacity and strategic execution. Large updates will be needed for a further weighing related to European operations and the closure of the UK blast furnace.

Adani Enterprises

Adani Group may be looking to exploit the boom in real estate by a $1 billion offer to buy out Jaypee Group’s real estate assets in the National Capital Region. This transaction may quadruple the size of the Adani’s realty operations. Sustainability of this conglomeration in this industry would be highly dependent on its ability to invest and acquire intelligently.

Dabur India

Dabur India reports its Q1 FY25 earnings, where the company is expected to post a revenue growth of 5% YoY to <0x07>3,286 crore. Net profit is expected to bump up by 7.6% to ₹499 crore. Performance of HPC and healthcare portfolios will be keenly watched in light of new product launches and resurgence in rural demand.

Net profit of Titagarh Rail Systems Ltd rose 8.4%year–on–year to ₹ 67 crore in Q1 FY25, even as operating revenue saw a marginal fall. This was mainly supported by a broad–based growth across the bulk of its orderbook locations and categories.

Towers India

While consolidated operational revenue increased to, Indus Towers’ consolidated net profit zoomed 42.88 percent year-on-year to. Through outstanding performance, the company has been able to prove its strong financial position and strategic objectives. The strategy includes buying back shares in the future.

Star Health and Allied Insurance

Star Health reported the growth of 10.8% YoY in net profit on account of ₹318.9 crore in Q1FY25, mainly on the back of strong underwriting and an expanding agent network. The 18% increase in gross written premium to ₹3,476 crore reflects dominion in Star Health towards the health insurance market.

In a nutshell,

However, the extent of flexibility and strategic knowledge to adapt to the change and dynamic financial environment differs for these companies. From environmental initiatives of GAIL to development ambitions of Tata Consumer Products, segment-wise results from ITC, and various strategic deals by Adani Group, the lessons for the investor and stakeholders are multi-layered from each of these companies. These patterns will convey to the investors and shareholders the clear idea of the dynamic nature of the markets and the strategic decisions that have crafted these industry leaders.

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