Stocks in Focus Today: Hindalco, Dixon, BEL, Power Grid, Waaree Energies
Stocks in Focus Today : Hindalco, Dixon, BEL, Power Grid, Waaree Energies
Market Overview
Markets started the week on a subdued note, closing slightly lower after a recent rally. Investor focus today will shift to several key stocks, including Hindalco, Dixon, BEL, Power Grid, and Waaree Energies, driven by quarterly earnings reports and corporate announcements.
Key Stocks to Watch
Hindalco, Solar Industries, Dixon Technologies
All eyes will be on these companies as they are set to announce their Q4 FY25 results today. Market participants will be closely watching performance metrics and management commentary for future guidance.
Power Grid Corporation of India
Power Grid reported a marginal decline of 0.6% in its net profit for Q4 FY25, posting earnings of ₹4,143 crore. Despite the dip, the company remains a key player in the utilities space.
Key Financial Metrics
PE Ratio: 18.13
EPS (TTM): ₹16.69
Market Cap: ₹2.81 lakh crore
Dividend Yield: 3.72%
Beta: 0.59
52-Week Range: ₹247 – ₹366
Bharat Electronics Ltd (BEL)
BEL reported strong Q4 results, with net profit rising 18% year-on-year to ₹2,127 crore. The state-run defense electronics company continues to show robust earnings momentum.
Rail Vikas Nigam Ltd (RVNL)
RVNL emerged as the lowest bidder for an IRCON International project worth ₹178.64 crore. This development reinforces its positioning in the infrastructure and railway construction space.
Waaree Energies
In a significant strategic move, Waaree Energies announced board approval to acquire Kamath Transformers Pvt Ltd for approximately ₹293 crore. Kamath specializes in the manufacturing of transformers, and this acquisition is expected to enhance Waaree’s energy solutions portfolio.
JK Paper
JK Paper posted a disappointing set of Q4 results, with net profit plunging 72% to ₹77 crore. Revenue also declined by 2% to ₹1,689 crore during the quarter.
Competition Commission of India (CCI)
The CCI dismissed an anti-competitive conduct complaint against Canara Bank. The allegations pertained to abuse of dominance in multiple loan transactions, but the regulator found no evidence of wrongdoing.