Stocks in news: HDFC, Titan, Tata Consumer, Britannia, Jubilant Food, Tata Chem, Eicher

The February futures contract of Nifty 50 traded on the Singapore Exchange indicates a negative start to domestic equities. The contract was trading at 17,634.50, down 65.5 points or 0.37% from the previous close.

A plethora of stocks will be in focus due to the following reasons:

Adani Group: Shares of all Adani group companies have seen massive sell-off in the last few sessions. On Wednesday alone, they saw an erosion of nearly Rs 12 lakh crore in value. The view remains bearish for most stocks, but it will be crucial to see if stocks see a rebound.

Britannia Industries: The company reported consolidated net profit of Rs 932 crore for the December quarter, up over 150% from the year-ago period. Consolidated sales grew 16% YoY to Rs 4,101 crore, while operating profit rose 55% to Rs 760 crore.

Tata Chemicals: The company reported a 26% YoY rise in net profit to Rs 391 crore for the quarter ended December. It clocked a 32% increase in revenue at Rs 4,148 crore.

Jubilant FoodWorks: The company posted a 36% fall in net profit to Rs 88 crore for the quarter ended Decembe. The operator of Domino's in India, saw a 10% growth in revenue to Rs 1,316 crore, driven by growth in orders for Domino’s.

HDFC Ltd: Strong growth in loan book and stable margins are likely to help the company report a double-digit growth in net profit for the quarter ended December. The home loan company, which will release earnings on Thursday, is seen reporting a 15% YoY rise in net profit to Rs 3,752 crore.

Titan Co: The company, which will release earnings on Thursday, is expected to repot strong double-digit growth in net profit for the quarter ended December on the back of broad-based performance across business segments.

Mahindra Logistics: The company’s consolidated net profit for the quarter ended December fell 22% on year to Rs 1.39 crore, even as revenue increased 17% to Rs 1,330 crore.

Ashok Leyland: Total sales in January rose 23% on year to 17,200 units on the back of strong domestic demand even as exports fell by double digits.

Eicher Motors: Total commercial vehicle sales in January rose 32% on year to 7,181 units, with those of trucks and buses seeing a sharp 50% growth in the domestic market. Sales of Royal Enfield motorcycles jumped 27% higher to 74,746 units.

IDFC: The company reported consolidated net profit of Rs 272 crore for the quarter ended December compared to Rs 18.2 crore a year ago. However, revenue slumped 45% to Rs 29.7 crore.

CDSL: Consolidated net profit for the quarter ended December declined 11% YoY to Rs 74.6 crore, and revenue dropped 7% to Rs 141 crore.

Rail Vikas Nigam: The company has bagged orders worth Rs 41.8 crore from Southern Railway to build railway infrastructure in the Chittoor district of Andhra Pradesh.

Raymond: Consolidated net profit for the quarter ended December fell 5.4% on year to Rs 94.8 crore, even as revenue increased 18% to Rs 2,168 crore.

Tata Motors: Total domestic sales in January rose 10% on year to 79,681 units, driven by strong demand for passenger vehicles. Domestic passenger vehicle sales surged 18% on year.

NMDC: The state-owned miner reported a 9% on year fall in iron ore sales to 3.84 million tonne in January. Output decreased 8% to 4.20 million tonne.

Hindustan Copper: The net profit for the quarter ended December plunged 53% on year to Rs 80.2 crore. Revenue from operations rose a meagre 2.3% to Rs 557 crore.

Dilip Buildcon: The company has bagged 2 hybrid annuity projects worth Rs 1,370 crore in Andhra Pradesh.

Alembic Pharma: The company’s consolidated net profit for the December quarter declined 29% on year to Rs 122 crore, even as revenue increased 19% to Rs 1,509 crore.


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