Stocks To Watch: Jupiter Wagons, TCS, Paytm, RITES, Hero MotoCorp & More

On Friday 2nd February hot stocks like Paytm, RITES, Hero MotoCorp, TCS and The Indian Hotels Company are among the top stocks likely to remain as center of attention for the market watchers.

Lupin

The United States Food and Drug Administration (U.S. FDA) has approved Lupin Limited's (Lupin) abbreviated new drug application for Dronedarone Tablets USP, 400 mg, allowing it to sell a generic version of Sanofi-Aventis U.S. LLC's Multaq® Tablets, 400 mg. The product will be produced in Lupin's Indian plant in Goa. For individuals in sinus rhythm who have a history of paroxysmal or chronic atrial fibrillation (AF), 400 mg Dronedarone Tablets USP are recommended as a way to lower the risk of hospitalisation for AF. According to IQVIA MAT December 2023, Dronedarone Tablets (RLD Multaq) has expected yearly sales of USD 510 million in the United States.

Greenply Industries

The company reported PAT of Rs 26.9 crore, declined by 25.5% on Y-o-Y basis for the quarter ended 31st December 2023. Revenue at Rs 620.8 crores, grew by 45.0% on y-o-y basis while Core EBITDA was Rs 57.1 crores; with margin of 9.2% and a y-o-y growth of 56.5%.

The Indian Hotels Company

The company reported a net profit of Rs 452 Cr on Thursday up by 18% YoY for the quarter ended December 31st, 2023. Its EBITDA reached Rs 772 Cr up by 18% YoY whereas revenue stood at Rs 2,004 Cr in Q3FY24 up by 15% YoY. Commenting on the Q3 FY24 performance, Mr. Puneet Chhatwal, Managing Director & CEO, IHCL, said, "IHCL reported an all-time high consolidated Q3 EBITDA margin of 38.5% and PAT margin of 22.6%, marking seven consecutive quarters of record financial performance. This robust performance was enabled by same store hotels clocking RevPAR premium across markets and segments, strong performance of not like for like growth and the scaling of new businesses."

He added, "IHCL continues to demonstrate industry leading growth with 28 hotels signed and 16 hotels opened this fiscal with a portfolio of 285 hotels including a pipeline of 85 hotels. This year marks the momentous occasion of reaching the 200th operating hotel milestone and successful launch of 371 keys flagship Ginger at Mumbai Airport, presenting a vast potential to scale the Ginger brand. IHCL with its well-established brands, vast footprint across 130+ locations and a healthy balance sheet, is well placed to leverage this sustained demand upcycle the sector is witnessing."

Mr. Giridhar Sanjeevi, Executive Vice President and Chief Financial Officer, IHCL said, "Q3 saw a stellar performance led by the domestic market as seen in IHCL's standalone revenue of INR 1,323 crores, a growth of 22% over the previous year and EBITDA margin of 45.4% which is a 290-basis points expansion. IHCL's consolidated results also demonstrated a strong performance with an Operating EBITDA margin of 37.3%, an expansion of 190 basis points, reflective of high revenue flow through."

He added, "On a year to date basis IHCL consolidated reported an all-time high revenue of INR 5,000 crores, an EBITDA margin of 32.7% in line with the guidance of Ahvaan 2025 and maintained healthy cash and cash equivalents of INR 1,810 Crores as on 31st December 2023."

TVS Motor Company

On Thursday, TVS Motor Company said that, compared to 275,115 units in January 2023, its monthly sales for the month of January 2024 totalled 339,513 units, a 23% increase. Sales of two-wheelers as a whole increased from 264,710 units in January 2023 to 329,937 units in January 2024, representing a 25% jump. Sales of domestic two-wheelers jumped from 216,471 units in January 2023 to 268,233 units in January 2024, representing a 24% jump in sales.

Sales of motorcycles increased from 121,042 units in January 2023 to 155,611 units in January 2024, representing a 29% advancement. Sales of scooters increased from 106,537 units in January 2023 to 132,290 units in January 2024, representing a 24% gain. Sales of electric vehicles (EVs) jumped by 34% between January 2023 and January 2024, going from 12,169 units to 16,276 units. From 57,024 units recorded in January 2023 to 69,343 units in January 2024, the company's total exports increased by 22%. Exports of two-wheelers had a 28% increase in sales, going from 48,239 units in January 2023 to 61,704 units in January 2024. Compared to 10,405 units in January 2023, the company's three-wheeler division had sales of 9,576 units in January 2024.

Hero MotoCorp

The largest motorbike and scooter manufacturer in the world, Hero MotoCorp, sold 433,598 lakh units in January 2024. This corresponds to a strong 22% growth over the same month in 2023 (January 2023), when it sold 356,690 units. Hero MotoCorp is demonstrating its commitment to sustainability by saving over 3.8 million kiloliters of water a year, with the aim of reaching 500% water positivity by 2025.

Bayer CropScience

In the third quarter (Q3) of the FY 2023-24, Bayer CropScience Limited (BCSL) reported sales of Rs 9,549 million, down from Rs 10,379 million in the same time in the FY 2022-2023 period. In comparison to Rs 1,836 million during the same time in FY 2022-2023; net profit was Rs 1,242 million in Q3FY24.

Commenting on the quarterly performance, Simon Wiebusch, Vice Chairman/Managing Director and CEO, BCSL said, "An erratic monsoon led to low water reservoir levels. The resulting crop shifts and missed sprays, had an unfavorable impact on our quarterly sales performance owing to lower volumes and sales returns.

While Crop Protection liquidation has been sluggish on the back of the weak season, we actively managed rebates and discounts and thus maintained our margins to a large extent. A more diversified corn footprint supported seeds sales. We continue to steadily expand our efforts in support of the Government's collectivization endeavors by reaching out to 3000+ Farmer Producer Organizations (FPOs), of which 10 belong to women, with BCSL supporting the creation of over 110 FPOs in the country. Also, we continue to focus on Better Life Farming as our extended smallholder farmer go to market."

Simon Britsch, Chief Financial Officer, BCSL said, "We continued our efforts and focused on optimizing our operating expenses, achieving sizable efficiencies in the past 9 months. We were thus able to expand our profit margins in a difficult market environment. While managing operating expenses, we continue to make significant investments into future growth and market reach."

RITES

For the quarter that ended on December 31, 2023, RITES Ltd. reported a 12.5% decline in consolidated profit to Rs. 128.78 crore on Thursday. According to RITES's filing with the BSE, the company reported a profit of Rs 147.18 crore for the same time last year. According to the report, income decreased to Rs 699.85 crore from Rs 703.38 crore during the same period last year. Consolidated operating revenue increased by 0.8% to Rs 683 crore in Q3FY24 from Rs 677 crore in Q3FY23. Compared to Rs 703 crore in Q3FY23, total revenue is Rs 700 crore in the quarter under review. In Q3FY24, the firm obtained over 100 orders valued over Rs 612 crore, fulfilling its goal of becoming a one-order-per-day company with a solid order book of Rs 5496 crore at the end of the quarter.

Tata Consultancy Services

The list of the World's Most Admired Companies for 2024 by FORTUNE Magazine features Tata Consultancy Services (TCS). TCS made its debut on the list last year and has since maintained a position there thanks to a deeply ingrained culture of innovation and dedication to delivering value for customers. The fact that TCS is on the list is evidence of the company's innovative culture, which permeates all levels of employees.

As of December 31, 2023, the company has 3,458 patents awarded out of 7,852 applications. This Fortune recognition for the company's brand comes after other recent accolades. A global leader in the IT services space, TCS is acknowledged by industry analysts and industry forums. In the 2024 Global 500 IT Services Ranking published by Brand Finance, TCS was ranked as the second most valuable IT services brand globally, with a US$ 2 billion rise in brand value.

Jupiter Wagons

The company reported on Thursday that its Q3 FY24 total income was Rs 90,081 lakh, a 39.4% (YoY) growth in Q3FY24. While net profit for the third quarter of FY24 was Rs 8,340 lakh, up 79.8% year on year, with a PAT margin of 9.3%, EBITDA was Rs 2,12,480 lakh, up 54.7% year on year.

Mr. Vivek Lohia, Managing Director of Jupiter Wagons Limited said, 'We take immense satisfaction in sustaining our robust operational and financial momentum. Total Income surged to ~ 90,081 Lakh, an increase of 39.4% YoY. EBITDA was = 12,480 lakhs, witnessing substantial growth of 54.7% YoY. Our ongoing efforts to enhance the margin profile is reflected in the industry-leading EBITDA margin of 13.9% in Q3FY24, a meaningful improvement from 12.5% reported in the same quarter last year. Notably, Profit after tax recorded an increase of 79.8% YoY, reaching ¢ 8,340 lakhs. Surpassing the milestone of = 90,000 lakh in quarterly income was particularly noteworthy, considering around 10 days production loss due to Puja and other festivities during the period."

Paytm

The RBI ordered Paytm Payments Bank Limited (PPBL) to cease accepting deposits or top-ups in any user accounts, wallets, FASTags, and other instruments after February 29 due to non-compliances and continued material supervisory concerns. This directive caused shares of One97 Communications Limited (OCL), which owns the Paytm brand, to plunge 20% on February 1. On the BSE, the stock dropped 20% to Rs 608.80, which is its lower circuit limit. It fell 19.99% at the NSE to reach Rs 609, the lowest trading limit. In early trading, the company's market capitalization (Mcap) decreased by Rs 9,646.31 crore to Rs 38,663.69 crore.