Market Commentary - Stock Alert
Bajaj Auto, Tata Steel, Tech Mahindra, DLF to be watched As on : 25-Jan-24  08:50

Bajaj Auto: The auto maker's standalone net profit climbed 36.91% to Rs 2,041.88 crore on 30.04% increase in revenue from operations to Rs 12,113.51 crore in Q3 FY24 over Q3 FY23. On consolidated basis, the company's net profit increased 38.02% to Rs 2,032.62 crore on 30.55% rise in revenue from operations to Rs 12,165.33 crore in Q3 FY24 over Q3 FY23.

Tata Steel: The company reported consolidated net profit of Rs 522 crore in Q3 FY24 as compared with net loss of Rs 2502 crore posted in Q3 FY23. Total revenue from operations fell to Rs 55,312 crore in Q3 FY24 from Rs 57,084 crore recorded in Q3 FY23.

Tech Mahindra: The IT company's consolidated net profit rose 3.34% to Rs 510.4 crore on 1.85% increase in revenue from operations to Rs 13,101.3 crore in Q3 FY24 over Q2 FY24. On a year on year (YoY) basis, Tech Mahindra's net profit dropped 60.64% while revenue fell 4.61% in Q3 FY24.

TVS Motor Company: TVS Motor Company reported 68% increase in standalone net profit to Rs 593 crore in Q3 FY24 as compared with Rs 353 crore posted in Q3 FY23. Revenue from operations jumped 26% YoY to Rs 8,245 crore in Q3 FY24.

DLF: The company reported consolidated net profit of Rs 655.71 crore in Q3 FY24 as compared with net profit of Rs 517.94 crore posted in Q3 FY23. Total income rose to Rs 1,643.51 crore in Q3 FY24 from Rs 1559.66 crore recorded in Q3 FY23.

IRM Energy: The commercial operations at LCNG station at Rasipuram, Namakkal District of the Geographical Area of the Company has been commenced on 24 January 2024. The LCNG Station has a capacity of natural gas compression of 64800 kgs/day at 250 bar (High Pressure Stream) and 104500 kgs/day (Medium Pressure Stream).

Mazagon Dock Shipbuilders (MDL): MDL has signed a contract with Acquisition Wing of Ministry of Defence for Construction and Delivery of fourteen Fast Patrol Vessels (FPVs) for Indian Coast Guard (ICG).

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