TOP 5 STOCKS TO WATCH OUT FOR

Tata Consumer Products:

1. In the fourth quarter of FY24, Tata Consumer Products demonstrated a consolidated revenue surge of 9%, with a constant currency growth rate of 8%. Despite facing hurdles, the firm’s beverage division in India managed to achieve a noteworthy 3% growth in Q4, propelled by a 7% expansion throughout the fiscal year, further boosted by a 2% rise in tea volume.

2. The food division in India emerged as a star performer, registering a 20% revenue surge in Q4FY24, which includes the acquisition of Capital Foods. The segment maintained its momentum with an 18% growth for the entire fiscal year, accompanied by a 5% volume surge.

3. The international business division also made a significant contribution, marking a 7% revenue surge in Q4FY24 (5% in constant currency terms). The company’s ‘India Growth’ businesses witnessed a 40% rise in FY24 and constituted 18% of the India business.

4. The coffee segment experienced a revenue surge of 45% YoY, and the packaged beverages business in India reported a revenue growth of 2% YoY.

5. In FY24, the premium and sub-premium segments outshone the overall business; the sub-premium segment accounted for over two-thirds of India’s tea revenue.

NBCC:

1. The company has registered a historical performance in FY24 with business securing Rs 23,500 crore at a consolidated levels, reflecting a growth of more than 250% when compared to FY23. On a standalone basis, the company secured orders worth Rs 18,400 crore.

2. Not only this, NBCC also recorded all time high sales as the commercial real estate inventory sale at World Trade Centre, New Delhi stood at approximately Rs 6,480 crore, witnessing a rise of more than 208% compared to sales achieved in FY23.

Tata Elxsi:

1. The Tata Group company Tata Elxsi experienced a 4.6% decline in net profit to Rs 196.9 crore sequentially, compared to Rs 206.4 crore in the previous October-December quarter.

2. Tata Elxsi’s revenue also saw a 1% dip on a quarter-on-quarter basis, amounting to Rs 905.9 crore. The firm’s revenue in Q3FY24 stood at Rs 914.2 crore.

3. The EBIT of Tata Elxsi also witnessed a 4.5% drop to Rs 233.7 crore in Q4FY24, as opposed to Rs 244.7 crore reported in Q3FY24. The margin of the Tata Group company also shrunk sequentially, falling to 25.8% in the January-March quarter from 26.8% reported in the third quarter.

4. For FY24, Tata Elxsi’s operational revenue saw a 13% jump on a year-onyear basis to Rs 3,552.1 crore, while the profit before tax rose by 11.9% to Rs 1,048.7 crore. The EBITDA margin for the entire year was reported at 29.5%, while the PBT margin stood at 28.5%.

Gokaldas Exports:

1. On April 23, Gokaldas Exports Ltd (GEL), a manufacturer and exporter of ready-to-wear garments, announced that it has greenlit a qualified institutional placement (QIP) offering. The issue price for each equity share has been set at Rs 775.

2. This issue price of Rs 775 per equity share incorporates a premium of Rs 770 per equity share. It also takes into consideration a discount of 1.90% (which is equivalent to Rs 14.99 per equity share) on the base price of Rs 789.99 per equity share.

Nelco: 1.

Nelco Ltd, a satellite services company under the Tata Group, reported a year-on-year net profit increase of 7%, amounting to Rs 6.1 crore, for the fourth quarter ending March 31, 2024. In the same quarter of the previous year, Nelco Ltd had a net profit of Rs 5.7 crore.

2. The firm’s operational revenue saw a minor dip of 0.5%, falling to Rs 81.6 crore from Rs 82 crore in the corresponding period of the previous fiscal year.

3. On the operational front, the EBITDA rose by 12.5% to Rs 14.7 crore in the fourth quarter of this fiscal year, compared to Rs 16.8 crore year-onyear. The EBITDA margin was reported at 18% in the quarter under review, as opposed to 20.5% during the same period in the previous year.