Top 10 stocks for today – 23rd May 2024

23 May 2024 , 08:43 AM

Here are some of the stocks that may see significant price movement today.

Jubilant Foodworks: The net profit was ₹207.2 Crore, with an additional ₹170.1 Crore in extraordinary gains. Revenue, EBITDA, and margin all exceeded projections. EBITDA margin of 19.7%, higher than expected at 18.5%, and stable compared to the same quarter last year. Domino’s like-for-like growth returned to positive territory at 0.1% after four consecutive quarters of contraction.

Nykaa: Net profit increased to ₹9.8 Crore from ₹1.9 Crore in the previous year. Revenue rose 28.1% at ₹1,667.9 Crore. EBITDA rose 32% at ₹93.2 Crore. EBITDA margin increased to 5.6% from 5.4%. Consolidated GMV increased 32% to ₹3,217 Crore. Nykaa’s Beauty segment achieved a $1 billion GMV milestone in FY24. The consolidated BPC GMV growth rate of 30% is the highest in the last six quarters. The physical retail footprint is 187 outlets in 68 cities. Fashion GMV grew by 27% year on year. In FY24, owned brands generated over ₹1,500 Crore.

Grasim Industries: Net profit rose 15.5% to ₹2,721.8 Crore. Revenue rose 12.7% at ₹37,727.1 Crore. EBITDA rose 24% at ₹5,769.1 Crore. EBITDA margin increased to 15.1% from 13.9% the previous year. Building materials and financial services industries performed admirably. CSF prices in China rose modestly, reflecting increasing demand and stable operating rates. Export prices have weakened due to global overcapacity and reduced raw material prices. Revenue declined by 13% due to a substantial drop in realisations.

Power Grid: Revenue fell 2.5% to ₹11,050 Crore. EBITDA declined 9.3% to ₹9,142 Crore. EBITDA margin fell to 82.7% from 88.9%. Net profit fell 2.1% to ₹4,127.8 Crore. Transmission revenue dropped 3.7% to 11,082.2 Crore.

Gland Pharma: Net profit increased to ₹192.4 Crore from ₹78.7 Crore in the previous year. Revenue has virtually doubled to ₹1,537.5 Crore. EBITDA increased to ₹358.5 Crore, up from ₹168.4 Crore. EBITDA margin increased to 23.3% from 21.5% last year. The board recommends the first post-listing dividend of ₹20 per share. Ex-Cenexi revenue increased by 50% to ₹1,173 Crore. Ex-Cenexi’s EBITDA increased by 156% year on year to ₹430 Crore. US corporate revenue is up 83%. Other core markets revenue increased by 58%, although India revenue, a modest portion of the business, fell by 19%.

Torrent Power: Net profit fell 7.6% to ₹447 Crore. Revenue rose 8.1% to ₹6,528.6 Crore. EBITDA rose 1.7% to ₹1,109 Crore. EBITDA margin increased to 17% from 18.1%. A rise in contribution from merchant power sales in gas-fired power plants, an increase in contribution from renewables, and an increase in contribution from the thermal generation segment all helped to boost adjusted profitability. The base quarter showed a one-time gain of ₹672 Crore. Forayed into the pump storage hydro segment, where it was assigned four sites in India.

New India Assurance: The net earned premium increased 13.5% from last year to ₹8,975 Crore. Gross premium increased 2% to ₹10,572 Crore. Net premium increased 2% to ₹8,769 Crore. Underwriting loss increased 13% to ₹1,886 Crore. The operating profit was ₹6 Crore compared to a loss of ₹68 Crore the previous year. The solvency ratio has dropped to 1.81 from 1.87. The motor premium has dropped by 5%, the health premium has increased by 7%, and the fire premium has decreased by 10%.

Ramco Cements: The company reported a net profit of ₹121.4 Crore in Q4FY24. Revenue of ₹2,673.3 Crore exceeded the expected ₹2,520 Crore. EBITDA of 417.2 Crore is in line with forecasts. Volumes are at 5.5 MT against 5 MT, but prices are low. Net debt decreased by ₹100 Crore sequentially.

Garden Reach Shipbuilders: The net profit has doubled to ₹111.6 Crore from ₹55.3 Crore. Revenue increased 69% at ₹1,015.7 Crore. EBITDA increased from ₹20.4 to ₹90.6 Crore. EBITDA margin increased to 8.9% from 3.4% the previous year. Ongoing projects in the maximum revenue recognition phase.

PG Electroplast: Revenue increased 30% to ₹1,076 Crore, driven by 25% growth in the product business during the quarter. The share of product business has now climbed to 72% of overall revenue. EBITDA rose 53% to ₹116 Crore. EBITDA margin increased to 10.8% from 9.1% the previous year. Net profit increased 79% to ₹71.5 Crore. It also announced a 1:10 stock split.

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