Market Commentary - Stock Alert
Tata Motors, Maruti Suzuki, L&T, Britannia Inds in focus As on : 03-Nov-23  08:26

Tata Motors: The auto major reported a consolidated net profit of Rs 3,764 crore in Q2 FY24 as against a net loss of Rs 944.61 crore recorded in Q2 FY23. Total revenue from operations stood at Rs 1,05,128.24 crore in the quarter ended 30 September 2023, rising 32.05% YoY. Tata Motors said that it continued strong performance in Q2 FY24 as all auto verticals continued their profitable growth trajectory.

Maruti Suzuki India: The company reported total production at 1.76 lakh units in October 2023 from 1.56 lakh units in the same month last year.

Larsen & Toubro (L&T): L&T has announced the divestment of its 100% stake in L&T Infrastructure Engineering Limited (LTIEL), a provider of standalone engineering consultancy services for the infrastructure sector in India. The stake has been acquired by STUP Consultants Private Limited, a subsidiary of Assystem SA of France.

Britannia Industries: The company has commenced the production in its Bihta Plant, Bihar.

JK Lakshmi Cement: The company reported 41% rise in standalone net profit to Rs 83.03 crore in Q3 FY24 from Rs 58.95 crore in Q2 FY23. Net sales rose by 12% year-over-year to Rs 1,452.62 crore in the second quarter.

Kirloskar Oil Engines: The company has recorded 5% decrease in net profit to Rs 69 crore despite a 5% rise in net revenue to Rs 1,305 crore in Q2 FY24 as compared with Q2 FY23.

Dilip Buildcon: The meeting of the board of directors of the company is scheduled on 7 November 2023 to consider and approve appropriate fund-raising options.

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