Stocks to watch: TaMo, Eicher, Brigade, Abbott, Stylam, Mahanagar Gas, ABB India
Tata Motors: The vehicle manufacturer 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: The company is 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: The company 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: The company'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.
Abbott India: The company 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.
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