Stocks to watch on Thursday: Domestic stock markets may open lower on Thursday amid soft signals, GIFT Nifty futures showed. Major benchmarks closed higher on Wednesday. The BSE Sensex closed 566 points or 0.75 per cent higher at 76,404.99, while the Nifty 50 closed 130 points or 0.57 per cent higher at 23,155.35.
Q3 Earnings today: UltraTech Cement, Dr. Reddy’s Laboratories, Hindustan Petroleum Corporation, Adani Energy Solutions, Adani Green Energy, Zee Entertainment Enterprises, United Spirits, Mphasis, Syngene International, Ujjivan Small Finance Bank, Sona BLW Precision Forgings, Tejas Network, Indian Energy Exchange, Spandana Spoorthi Financial, Nippon Life India Asset Management, Capri Global Capital, Mankind Pharma, Indus Towers, Amber Enterprises India, Keffin Technologies, Greaves Cotton, Thyrocare Technologies, Suryoday Small Finance Bank, Senores Pharmaceuticals, Cyient, V2 Retail will release their third quarter results today.
Meanwhile, keep an eye on these stocks today;
Hindustan Unilever (HUL): Hindustan Unilever Limited’s profit increased by 19.18 percent to Rs 2,989 crore in the December quarter of the current financial year. The company had made a profit of Rs 2,508 crore in the same quarter of the last financial year. The company’s total income in the October-December 2024 quarter stood at Rs 16,050 crore compared to Rs 15,781 crore in the same quarter of the last financial year. The company’s total expenses increased to Rs 12,576 crore in the December quarter compared to Rs 12,305 crore in the same quarter of the last financial year.
BPCL: Bharat Petroleum Corporation Limited (BPCL) has given good news to investors with its third quarter results. The company’s net profit has increased by 19.6% year-on-year to ₹3,805.94 crore. It was ₹3,181.42 crore in the same quarter last year. While profits increased, there was a slight decline in the company’s revenue. Consolidated revenue from operations during the quarter stood at ₹1,27,550.57 crore, down 1.87% year-on-year.
Coforge: The company’s profit increased to Rs 216 crore in December. It was Rs 202 crore in the same quarter a year ago. Apart from this, EBIT stood at Rs 316 crore. At the same time, the company’s revenue increased to Rs 3,320 crore. The company has also declared an interim dividend of Rs 19 per equity share.
Pidilite Industries: Consolidated net profit for Q3 increased year-on-year to Rs 552 crore. Revenue also increased to Rs 3,369 crore on an annual basis. EBITDA came in at Rs 742 crore (YoY) while EBITDA margin declined marginally to 23.66 per cent from 23.71 per cent (YoY).
Tata Communications: The net profit of the Tata Group company jumped 424% to Rs 236 crore in December. It was Rs 45 crore in the same period a year ago. The company’s revenue also increased by 3.8% year-on-year to Rs 5,798 crore as compared to Rs 5,587.8 crore in the same quarter of the previous financial year.
Paras Defense: The company signed an MoU with the Government of Maharashtra to set up an optics park with an investment of Rs 12,000 crore. The project is expected to generate 2,000 direct jobs and begin operations by 2028.
Available Energies: The company’s subsidiary, Vari Solar Americas, has begun commercial production of its 1.6 GW solar module line in Brookshire, Texas.