Best Stocks to Buy Today BHEL, PFC, Central Bank and Other Stocks
Best Stocks to Buy Today
Today, several stocks are expected to experience significant movements based on news and updates. By closely monitoring the movements of these shares, investors can potentially safeguard their investments.
We have compiled a list of stocks that are making headlines for various reasons. Additionally, market participants will closely follow updates related to numerous stocks throughout the day, as they may have an impact on market dynamics and investment opportunities.
Today, there is notable activity expected in the following stocks:
1. ONGC: ONGC has reported weak results in the fourth quarter, with a 6% increase in revenue but a 50% decline in profit.
The company has faced pressure on its EBITDA and margin, which have decreased by 19.9% (from Rs 20,411 crore to Rs 16,340 crore) and from 53% to 45%, respectively. Additionally, ONGC has incurred a one-time loss of Rs 9,235.1 crore.
2. PFC: In the March quarter, PFC (Power Finance Corporation) witnessed a significant growth in profit, rising by 45.8% to Rs 4,676.7 crore compared to Rs 3,205.8 crore in the previous year.
Furthermore, the company’s income during this period also increased by 3.2%, from Rs 9,870.4 crore to Rs 10,184.9 crore.
3. Balkrishna Industries: In the fourth quarter, Balkrishna Industries witnessed a 30.7% decrease in profit, with the figures declining to Rs 259.8 crore from Rs 374.8 crore on an annual basis.
The company’s income also saw a decline of 2.4%, amounting to Rs 2,317 crore compared to Rs 2,374.2 crore.
Additionally, EBITDA decreased by 25.4% to Rs 479.7 crore from Rs 643.3 crore, and the margin dropped from 27.1% to 20.7%.
4. SUN PHARMA: Sun Pharma has announced its plans to acquire a 100% stake in Taro Pharma. The proposal involves an all-cash deal at a price of $38 per share, which will be executed through a reverse triangular merger.
Following the transaction, Sun Pharma will hold a 100% stake in Taro, with a new subsidiary being formed.
The subsidiary will enter into a merger agreement with New Taro, resulting in Sun’s subsidiary becoming Taro. As a result, Taro will be delisted from the NYSE.
5. BHEL: In the fourth quarter, Bharat Heavy Electricals Limited (BHEL) experienced a 33% decline in profit, with the figures decreasing to Rs 611 crore from Rs 912.5 crore on an annual basis.
The company’s income also declined by 2.1% to Rs 8,227 crore from Rs 8,061.7 crore. Furthermore, EBITDA declined by 14.4% year-on-year to Rs 986.2 crore from Rs 1,151.9 crore. The margin also decreased from 14.3% to 13%.
6. Wockhardt: In the fourth quarter, Wockhardt recorded a decrease in losses from Rs 258 crore to Rs 208 crore. During the same period, the company’s income increased by 3.5% year-on-year, reaching Rs 678 crore compared to Rs 655 crore.
7. Precision Camshafts: The company witnessed a 59.3% increase in profit during the March quarter, with figures rising to Rs 11.1 crore from Rs 7 crore on a year-on-year basis.
Additionally, the company’s income showed a growth of 21.6% to Rs 278.6 crore from Rs 229 crore on an annual basis.
However, EBITDA declined by 3.5% to Rs 24.5 crore from Rs 25.4 crore. The margin of the company also decreased from 11.1% to 8.8%.
8. CITY UNION BANK: The bank’s profit increased from Rs 209 crore to Rs 218 crore. Furthermore, the Net Interest Income (NII) rose from Rs 506.7 crore to Rs 514.3 crore. Additionally, the Gross NPA decreased from 4.62% to 4.37%, while the Net NPA decreased from 2.67% to 2.36%.
8. PNC Infratech: In the fourth quarter, PNC Infratech experienced a decline in profit of 40.9% year-on-year, reaching Rs 146 crore from Rs 247.2 crore. However, the income during this period increased by 3.5% on an annual basis, rising from Rs 2,226 crore to Rs 2,305 crore. Additionally, EBITDA declined by 14.5% from Rs 480.5 crore to Rs 410.6 crore.
10. Chambal Fertilizers & Chemicals: The company’s profit in the January to March quarter witnessed a decline of 61.4% to Rs 94.1 crore from Rs 243.6 crore.
However, the income increased by 8.8% from Rs 3,307.4 crore to Rs 3,598.7 crore during the same period. EBITDA also declined significantly by 69.2% to Rs 111.4 crore from Rs 361.4 crore. The company’s margin also decreased from 10.9% to 3.1%.
11. GMR AIRPORTS INFRA: In the March quarter, GMR Airports Infra reported a loss of Rs 441.5 crore compared to a loss of Rs 141.3 crore. However, the income increased from Rs 1,283.6 crore to Rs 1,894.6 crore. EBITDA declined from Rs 534.1 crore to Rs 259.3 crore, while the margin decreased from 41.6% to 13.7%.
12. TCI Express: TCI Express, on a standalone basis, reported a 7% year-on-year increase in profit to Rs 38.5 crore in the March quarter from Rs 35.9 crore.
The company’s income also witnessed a growth of 9.4% year-on-year, reaching Rs 326.3 crore from Rs 298.2 crore. Additionally, EBITDA increased by 7.8% to Rs 54.1 crore on a YoY basis from Rs 50.2 crore.
13. Housing & Urban Development Corp: During the January to March quarter, Housing & Urban Development Corp recorded a profit of Rs 639.1 crore, reflecting a 14.4% increase from Rs 746.9 crore on a year-on-year basis.
However, the income declined by 7.3% to Rs 1,852.4 crore from Rs 1,727 crore on an annual basis.
14. HDFC Securities: HDFC Securities is set to acquire an 8% stake in 9Platforms Technology for Rs 6 crore.
15. Ethos Watches: Subsidiary Silvercity Brands AG, belonging to Ethos Watches, has acquired a 100% stake in Favre Leuba GmbH, a Switzerland-based company.
