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There may be movement in the shares of these 13 companies – FULL LISTThere may be movement in the shares of these 13 companies – FULL LIST
highlights
- On Wednesday, January 28, stocks of many companies are going to be in the special focus of investors in the stock market.
- Some firms have declared their quarterly financial results, while some have board meetings, announcements of investments and other major decisions.
- In such a situation, let us know about those 13 stocks which are likely to see the most movement on Wednesday.
FMCG sector giant Marico has performed well in the December quarter. The company’s net profit increased by 13.3% year-on-year to ₹460 crore. During this period, a strong increase of 26.6% was recorded in the company’s earnings. EBITDA rose 11.1% to ₹592 crore, although profit margin declined to 16.7% from 19.1% last year.
Vedanta’s board has approved the sale of its 1.59% stake in Hindustan Zinc. Under this, the company will launch 6.7 crore shares in the market through OFS. The floor price of this offer has been fixed at ₹685 per share. OFS will open on 28th and 29th January.
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PC Jeweler has presented strong results in the December quarter. The company’s profit increased by 31% to ₹190 crore, while revenue increased by 37% to ₹875 crore. The company’s performance at the operating level was also better. EBITDA grew nearly 80% and margins improved to 23%. Apart from this, the company has reduced the debt by 68% and has decided to open 100 new franchise stores.
This quarter was a return to profit for Mahindra Logistics. The company reported a net profit of ₹3.25 crore, compared to a loss in the same quarter last year. The company’s income increased by 19.1% to ₹1,898 crore. EBITDA also saw an increase of 39.5% and margin improved to 5.42%.
Motilal Oswal Financial Services
Motilal Oswal Financial Services’ performance remained stable this quarter. The company’s net profit was marginally higher at ₹565.9 crore. At the same time, revenue increased by 5.9% to ₹ 2,111.6 crore.
LIC has made a big investment in the debentures of Bajaj Finance. LIC has purchased debentures worth about ₹5,120 crore. This investment will provide long-term funding support to Bajaj Finance.
Titagarh Rail Systems Ltd
Titagarh Rail Systems has partnered with ABB India. This agreement has been signed for 25kV driverless metro projects. Under this, ABB India will support the company in design, manufacturing, supply and technology transfer.
Spandana Sphoorty Financial
There has been a big reduction in the loss of Spandana Sphoorty Financial this quarter. The company’s net loss declined to ₹83 crore, compared to ₹218 crore last year. At the same time, net interest income increased by 12.7% to ₹94.5 crore.
Ramkrishna Forgings’ profit has declined in the December quarter. The company’s net profit fell 35.4% to ₹13.5 crore. However, the company’s earnings grew marginally by 2.3% to ₹1,098.5 crore.
Gopal Snacks has performed better in the December quarter. The company’s net profit increased to ₹15.4 crore. Revenue stood at ₹399.6 crore. There was a sharp increase in EBITDA and margin improved to 7.32%. The company has declared a dividend of ₹0.35 per share.
Infosys has announced a strategic partnership with Cursor. Its purpose is to make software development faster and better for enterprise customers. With this collaboration, the speed and quality of work will increase with the help of modern tools.
MMTC Ltd has informed that the Central Government has appointed Asit Gopal as Government Nominee Director on the board of the company. This appointment has come into effect from January 27. He is currently holding the post of Special Secretary and Financial Advisor in the Textiles Ministry.
Metro Brands’ December quarter profit rose 35.6% to ₹128.3 crore. The company’s income increased by 15.4% to ₹811 crore. The company benefited from the festive season and demand for affordable footwear. EBITDA grew 18.1% and margin improved to 32.7%.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice in any way. ET NOW Swadesh recommends its readers and viewers to consult their financial advisors before taking any money-related decisions.
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