Tata Motors, Tata Steel, Maruti, L&T, ITC, Jubilant FoodWorks among top stocks to watch today

Amid a variety of companies announcing Q1 results one after another, the share market seems to be on a course correction. While the Sensex ended 300 points lower, the Nifty slid 80 points at market close on Monday.

Some of the prominent companies that declared their results on Monday were TVS Motor Company, Tata Steel, and HDFC AMC, while giants like Tata Motors, Larsen & Toubro, and Bajaj Auto will declare their results on Tuesday.

At around 8:45 AM on Tuesday, July 25, the Gift Nifty traded 36.5 points higher, or 0.18 per cent at 19,721; this indicates a positive opening of the market.

ZeeBiz takes you through the shares that are expected to seize attention on Tuesday.

Results on July 25

Asian Paints, Bajaj Auto, Tata Motors, Larsen & Toubro, Jubilant FoodWorks, SBI Life, Delta Corp, Dixon, KPIT Tech, CEAT, Suzlon, Jyothy Labs, and Indoco are expected to announce their June quarter numbers today. 

Tata Steel

The company reported disappointing results on Monday, as its consolidated profit after tax slid 93 per cent to Rs 524.8 crore.

The company's net income fell 4.75 per cent to Rs 60,666.48 crore from Rs 63,698.15 crore in the year-ago quarter.

Tata Steel's share didn't perform well on the BSE on Monday and fell 1.03 per cent to Rs 115.45 at the close.

However, the company's results came hours after the market closed. The shares can see the repercussions of the company's lacklustre performance in the April-June quarter.

Tata Motors 

Tata Motors is set to announce its first-quarter results on Tuesday.

Zee Business Research estimated the automaker to clock a consolidated net profit of Rs 2,000 year-on-year (YoY) as against a net loss of Rs 4,987 crore in the corresponding period.

The company is also expected to see a turnaround in its consolidated revenue, which may soar 41.1 per cent to Rs 1,01,500 crore YoY.

The company's EBITDA is also expected to jump from Rs 3181 crore to Rs 11,550 crore.

With such a rise expected in its earnings on Tuesday, the company's share traded in positive territory on Monday, as it jumped 0.55 per cent to Rs 629.25 at close.

If the company meets expectations, its shares can make positive moves.

Maruti Suzuki 

The automaker announced on Monday that it would recall its 87,599 vehicles (S-Presso and Eeco) manufactured between July 5, 2021, and February 15, 2023.

In its BSE filing, the company said, "It is suspected that there is a possible defect in a part of the steering tie rod, used in such vehicles, which, in a rare case, may break and affect vehicle steerability and handling."

The company said that the affected vehicle owners would be receiving communication from Maruti Suzuki-authorised dealer workshops for inspection and replacement of the faulty part, free of cost.

The said recall is effective from today i.e. 24th July, 2023, 06:30 pm onwards. 

The company's share price slipped 0.80 per cent to close at Rs9,690 on Monday evening.

However, the decision may impact its share price on Tuesday.

TVS Motors 

The company announced its Q1 results just before the close of the market, recording a 42 per cent rise in its PAT to Rs 434 crore in the quarter ended June 30.

On the back of its robust sales, the company's total income rose to Rs 9,142 crore as against Rs 7,348 in the year-ago period.

The company said its exports of two- and three-wheelers also grew five per cent to 9.53 lakh.

The company's Q1 results performance, however, didn't reflect in its share.

After hitting the day's high of Rs 1373.05, it slipped to Rs 1306.50 at close, a 2.69 dip for the day. 

Larsen & Toubro

Zee Biz Research estimates construction major Larsen & Toubro will report robust results on Tuesday.

Analysts predict the company to clock a 23.9 per cent jump in its PAT to Rs 2,110 crore.

The company's revenue can also jump 13.3 per cent to Rs 40,619 crore, while EBIDTA may also rise 11.3 per cent to Rs 4403 crore.

The company's share price touched a record high on Friday after the news of its first buyback plan.

As the proposal of a buyback will be discussed on Tuesday, buyers showed a lot of interest in the share, which closed 0.74 per cent at Rs 2605.35 on Monday.               

Bajaj Auto

Zee Business Research estimated a 38.1 per cent jump to Rs 1,620 crore in its profit after tax as the company declares its first-quarter results on Tuesday.

Analysts expect a 30.5 per cent jump to Rs 10,450 crore in its Q1 revenue.

According to the research team, the company's two-wheeler demand has shown a recovery.

Its share price on Monday showed a marginal growth of 0.50 per cent to Rs 4887.15.

The company's share will be on investors' radar as the market opens on Tuesday.

Federal Bank

The board has approved a Rs 23.05 crore share allotment at an issue price of Rs 131.90 apiece. Allotment approved at Rs 132.59, 0.52 per cent discount from the floor price. 

Piramal Pharma 

Board to consider the terms of the rights issue on July 27. On February 8, 2023, the company approved a rights issue of up to Rs 1,050 crore. 

AstraZeneca Pharma  

The Drugs Controller General of India (DGCI) has approved the import of pharmaceutical formulations for Dapagliflozin tablets. Dapagliflozin tablet is used in the treatment of heart failure.

SVJN 

The Arunachal Pradesh government has allotted 5097 MW of projects to the company. More than Rs 50,000 crore will be invested in the development of these projects. 

Torrent Power

The company has launched public Electric Vehicle (EV) charging stations, and four EV charging stations will be set up in Ahmedabad. The company will charge Rs 12 per unit, which is the lowest in the city. The company plans to soon set up two EV charging stations in Surat.

Samvardhana Motherson

In its second overseas purchase this month, car parts manufacturer Samwardhana Motherson overseas said on Monday that it will acquire Dr. Schneider's business in Germany for €118 million.

Wipro

Wipro partners with Wipro FullStride Cloud to incorporate sustainable technology practises into clients’ technology infrastructure.

Vedanta

The company's proposal for fab fabrication under the government's Modified Semi-Scheme is being considered for approval. The company will also apply for Modified Display-Scheme display manufacturing.

HDFC AMC 

HDFC Asset Management Company (AMC) on Monday reported a 52 per cent jump in profit after tax (PAT) at Rs 477.5 crore for the three months ended June 2023. In comparison, the asset management firm posted a PAT of Rs 314.2 crore in the year-ago period, HDFC AMC said in a regulatory filing.

JK Paper

JK Paper on Monday reported an 18.3 per cent increase in its net profit to Rs 312.56 crore in the June quarter. The company had posted a net profit of Rs 264.23 crore during the same quarter a year ago, JK Paper Ltd. said in a regulatory filing.

Chennai Petroleum Corporation

Chennai Petroleum Corporation reported Monday a 45 per cent decrease in PAT to Rs 548 crore in the June quarter. The company posted a net profit of Rs 1,004 crore in the March quarter. The company also saw a fall in revenue of 18 per cent at Rs 14,745 crore against Rs 18,009 crore quarter-on-quarter (QoQ).

DLF 

The company will launch the first phase of the project with Trident Group by the end of FY24. The company will invest Rs 400 crore in the project.

BCL Industries  

The company has successfully commissioned a 200 KLPD Ethanol dedicated brownfield expansion at Bhatinda, Punjab, taking the plant’s distillery capacity to 400 KLPD at Bathinda. The company has also commissioned a 10 MW Power Plant that will run on paddy straw. The capex outlay for this expansion was Rs 220 crore.

Shoppers Stop 

Retail chain Shoppers Stop reported on Monday a 36.5 per cent decline in consolidated net profit to Rs 14.49 crore in the June quarter. The company had posted a net profit of Rs 22.83 crore in the April-June period a year ago, Shoppers Stop said in a regulatory filing. Revenue from operations in the first quarter of this fiscal was Rs 993.61 crore, up 4.76 per cent against Rs 948.44 crore in the year-ago period.

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