Stocks to Watch Today: These 14 stocks will be on the radar of investors including Trent, Tata Power, NHPC, big movement may be seen – Market

Coal India has approved to invest about ₹3,189 crore in Bharat Coal Gasification and Chemicals Ltd. This investment will be made through equity shares. The project is still in the initial stage and will produce 0.66 MTPA of ammonium nitrate. This will help Coal India to meet its needs and reduce dependence on imports.

Cummins India’s third quarter results were weaker than expected. The company’s profit declined by 11.9% to ₹453 crore. At the same time, revenue also declined by 1% to ₹3,055 crore. Overall, the performance of the quarter was mixed.

The Competition Commission has ordered a detailed investigation against the country’s largest airline IndiGo. The company is accused of adopting unfair business practices. This matter has come to light after the incident when IndiGo had to cancel a large number of flights due to operational problems.

About 14.92 crore shares of NSDL will become available for trading on Thursday. These shares will come into the market after the end of the lock-in period of six months. This is about 75% of the total shares. According to the current price, their value is approximately ₹ 14,875 crore.

Hindustan Aeronautics Limited (HAL)

HAL has clarified that it has not yet received any official information related to the AMCA program. This statement comes amid reports that HAL may be excluded from the project and some private companies will be included in it.

Lloyds Engineering Works Ltd

Lloyds Engineering Works’ profit rose 69.5% year-on-year to ₹61 crore. The company’s income stood at ₹272.4 crore, which showed a slight increase. EBITDA grew by a strong 20% ​​and margin expanded from 16.6% to 19.4%.

Metropolis Healthcare Ltd

Metropolis Healthcare performed well in the third quarter. The company’s net profit increased by 31.8% to ₹41.4 crore. Revenue also increased by 25.8% to ₹405.9 crore. EBITDA grew by 31.5%, while margins remained almost flat.

Redington’s quarterly results were mixed. Profit rose 2.6% to ₹413.4 crore. At the same time, a strong growth of 15.7% was recorded in revenue and it reached ₹ 30,921 crore. However, there was a decline in margins.

Sammaan Capital’s profit increased 4% to ₹314 crore. The company’s income rose 7% to ₹2,157 crore. Asset quality has improved, with both gross and net NPAs declining.

FMCG company Marico has decided to buy 60% stake in Cosmix Wellness. The value of this deal is ₹226 crore. This move is part of the company’s strategy to strengthen its hold in the premium food and nutrition segment.

Tata Power’s third quarter profit remained almost at the same level as last year, but it was better than market estimates. However, the company’s income declined by more than 9%. Profits and margins remained stable due to reduction in expenses.

Government power company NHPC’s profit declined by 5.2% to ₹219 crore. There was also a decline in revenue. There was a big decline in EBITDA, which brought the margins down significantly. The company has announced an interim dividend of ₹ 1.40 per share.

Apollo Tires has performed well in the December quarter. The company’s net profit increased by nearly 40% to ₹470.5 crore compared to last year. During this period, the total income of the company increased by 11.8% to ₹ 7,743 crore. There was also strength at the operating level, where EBITDA grew 25.3% to ₹1,185 crore. The company’s margin improved from 13.7% to 15.3% due to better cost control.

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.