Stocks To Watch: LIC, Fortis Healthcare, RVNL, Hyundai Motor, Waaree Energies, L&T Finance
Life Insurance Corp., Fortis Healthcare Ltd., Rail Vikas Nigam Ltd. and Hyundai Motor India Ltd. are some of the stocks that will be on the radar on Monday.
Aster DM Healthcare Ltd., GPT Infraprojects Ltd., Indian Toners & Developers Ltd. and Suraj Ltd. are some of the stocks that will go into ex-trade.
Stocks To Watch
LIC: The firm reported a 16% surge in consolidated net profit to Rs 11,008.7 crore for the third quarter ended December.
Fortis Healthcare: The company's net profit surged 84% to Rs 248 crore in the quarter ended Dec. 31, 2024, beating analysts' estimates, compared to Rs 135 crore in the same period last year.
Action Construction Equipment: The firm reported a strong third quarter performance, with revenue rising 16.2% to Rs 875 crore, its Ebitda went up 31.3% to Rs 135 crore, and net profit increasing 26.5% to Rs 112 crore.
Balu Forge Industries: The firm posted a notable third quarter performance, with revenue soaring 73.9% to Rs 256 crore, with Ebitda more than doubling to Rs 67.7 crore, and net profit rising to Rs 59 crore from Rs 25.2 crore.
Firstsource Solutions: The company reported a modest 8% increase in revenue to Rs 2,088 crore for the third quarter, slightly beating estimates. And EBIT growth was muted at 1.6% to Rs 219 crore, falling short of expectations. The company's EBIT margin also declined to 10.5% from 11.1% in the same period last year. Its net profit rose 16% to Rs 160 crore, in line with estimates.
L&T Finance: The company has approved the acquisition of Paul Merchants Finance's gold loan business for Rs 537 crore on a slump sale basis.
Waaree Energies: The firm started operations at its 1.4 GW solar cell manufacturing facility in Gujarat.
RVNL: The company emerged as the lowest bidder for railway project worth Rs 211 crore.
Hyundai Motor: The firm introduced new variants & feature upgrades for EXTER and AURA.
Tejas Networks: The company partnered with NEC Corporation for 5G Tech collaboration. The investment involves Rs 525 crore payable over the next year.
Stocks Going Into Ex-Trade
Stocks trading ex-dividend: Aster DM Healthcare (Rs 4), GPT Infraprojects (Rs 1), Indian Toners & Developers (Rs 4.5) and Suraj (Rs 1.5)
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