Stocks to Watch: L&T, Airtel, Tata Consumer, JSPL, Adani Total, Blue Jet Healthcare
L&T: Larsen & Toubro reported a net profit of ₹3,222 crore in the September 2023 quarter, higher by 45% as against ₹2,229 crore reported in the year-ago period, as per the results declared by the company on October 31. The company's revenue from operations during Q2FY24 came in ₹51,024 crore, marking a jump of 19% from ₹42,762 crore reported in the corresponding quarter of the previous fiscal. Bharti Airtel: Telecom major Bharti Airtel recorded a net profit of ₹1,341 crore in the second quarter of fiscal year 2023-24 (Q2FY24), which is 37% lower than the year ago.
Airtel's average revenue per user (ARPU) improved to ₹203 during the quarter under review, as against ₹190 in the corresponding period of the previous fiscal. The company clocked a revenue of ₹34,527 crore in the September 2023 quarter, 7% higher than ₹37,044 crore in the year-ago period. Tata Consumer Products: Tata Consumer Products reported a net profit of ₹359.18 crore for the September quarter of the current financial year.
The company's net revenue increased by 11% YoY to ₹3,734 crore. Its revenue for six months, increased 12% to ₹7,475 Crores. Its consolidated EBITDA for the September quarter stood at ₹569 crore.
The revenue of its packaged beverages business increased by 5% and the coffee segment witnessed a 17% YoY rise in revenue. Blue Jet Healthcare: The pharmaceutical company is set to make its debut on the BSE and the NSE today. The determined final issue price stands at ₹346 per share.
The initial public offering (IPO) shares were allotted on October 30. The latest Grey Market Premium (GMP) for the Blue Jet Healthcare IPO is +23, maintaining the same value as the preceding session. This suggests that the estimated listing price for Blue Jet
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