Key Stocks to Monitor: Spotlight on TaMo, Eicher, Brigade, Abbott, Stylam, Mahanagar Gas, ABB

  • Tata Motors and Eicher Motors are set to announce their Q4 results, with expectations of strong results due to volume growth, improved performance, and favourable commodity prices.
  • ABB India is expected to report a 15-18% on-year increase in quarterly revenue, while Vodafone Idea’s shareholders have approved a proposal to raise its authorised share capital.
  • Other companies such as Abbott India, ICICI Lombard General Insurance Company, Brigade Enterprises, and Stylam Industries have also made significant moves in the market.

Get the latest updates on stock news including Tata Motors, Eicher Motors, ABB India, and more. Discover how these companies are performing and what their future prospects may be.

Tata Motors and Eicher Motors Q4 Results

Tata Motors is set to announce its Q4 results on May 10, with expectations of strong results due to volume growth, improved performance of its British unit JLR, and favourable commodity prices. The company’s consolidated net profit is projected to rise by 33% to ₹7,084 crore, and revenue is likely to increase by 15% to ₹1.22 lakh crore. The growth is attributed to expansion in JLR and positive growth in India’s PV and CV divisions. The EBITDA is expected to rise by over 36% to ₹17,527 crore.
Eicher Motors is also expected to report strong Q4 results, driven by increased sales volumes, higher ASPs, new launches, and benign commodity costs. The company’s net profit is expected to rise by 36% to ₹1,013 crore, and revenue is expected to increase by 9% to ₹4,166 crore. The EBITDA for the January-March quarter is expected to expand by 20% to ₹1,132 crore.

ABB India and Vodafone Idea Developments

ABB India is expected to report a 15-18% on-year increase in quarterly revenue to around ₹2,845.2 crore. The company’s net profit is expected to rise by 22-33% from a year ago. The company will report its Q4FY24 results on Thursday, May 9.
Vodafone Idea’s shareholders have approved a proposal to raise its authorised share capital to ₹1 lakh crore and issue equity shares on a preferential basis to promoter group firm Oriana Investments. The company has sought shareholders’ approval to raise the authorised share capital to ₹1 lakh crore from ₹75,000 crore, following its recent ₹18,000 crore FPO.

Other Market Movements

Abbott India reported a 24.1% YoY increase in net profit to ₹287.1 crore for Q4FY24. The company’s revenue from operations increased by 7.1% to ₹1,438.6 crore. EBITDA rose by 17.6% to ₹329.5 crore. The board of directors has recommended a final dividend of ₹410 per equity share for the year ended March 31, 2024.
ICICI Lombard General Insurance Company saw Bharti Enterprises sell shares for ₹663 crore through open market transactions, reducing Bharti Enterprises’ shareholding to 1.63% from 2.43%. ICICI Bank purchased a 0.4% stake in ICICI Lombard, increasing its stakeholding to 51.7%.
Brigade Enterprises has signed an agreement to buy a 4.6-acre land parcel in Bengaluru with a developmental potential of 0.69 million sq ft and a gross developmental value of ₹660 crore. The land parcel is on the Old Madras Road, a fast-growing residential hub.
Stylam Industries is reportedly in talks with Japanese company AICA Kogyo to acquire a substantial stake. The company is considering acquiring a 14% stake from Stylam’s promoters and plans to initiate an open offer to acquire an additional 26% stake.

Conclusion

These developments indicate a dynamic market with companies making significant strides in their performance and growth. Investors should keep a close eye on these stocks and the overall market trends for potential investment opportunities.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.
spot_imgspot_imgspot_imgspot_img

Latest News

spot_imgspot_imgspot_imgspot_img

PRO Analysis

FTSE 100 Index Analysis: Key Insights for May 30, 2024 – Market Trends and Projections

Cryptocurrency markets have been experiencing...

AI Predicts 2024 End-of-Year Surge for XRP and SHIB Coins: Expert Analysis Inside!

The crypto markets have been a rollercoaster...

Crypto Market Daily: BTC, ETH, NOT, AR, XRM Price Analysis and Trends

Cryptocurrency markets witnessed significant volatility today, with...
Gideon Wolf
Gideon Wolfhttps://en.coinotag.com/
GideonWolff is a 27-year-old technical analyst and journalist with extensive experience in the cryptocurrency industry. With a focus on technical analysis and news reporting, GideonWolff provides valuable insights on market trends and potential opportunities for both investors and those interested in the world of cryptocurrency.
spot_imgspot_imgspot_imgspot_img

Aimtron Electronics (AIMT) IPO Sees 90% Subscription on Day 1, Signaling Strong Investor Demand

The initial public offering (IPO) of Aimtron Electronics Ltd opened for subscription today, May 30, and has been receiving strong response from...

AgriCoin (AGC) Surges 4% Post Strong Q4 2024 Earnings Report: Small-Cap Stock Gains Momentum

Despite selling pressure in the stock market on soaring uncertainty ahead of the Sabha Election Results 2024, some stocks are...

Experts Predict Short-Term IT Sector Slowdown; Top Picks Include Bitcoin (BTC) and Ethereum (ETH)

The gloomy demand environment for the Indian IT players may persist in the short term, but analysts believe green shoots are emerging...