Brief Summary
This video provides updates on several stocks and IPOs, focusing on recent financial results, dividend announcements, and market movements. It covers ABT India, Don, Tata Power, Eternal (Zomato & Blinkit), various IPOs, BHEL, BAML, Bharat Electronics, IdeaForge Technology, and Hindustan Aeronautics. The video also highlights upcoming quarterly results for Infosys and other companies.
- ABT India announced a dividend of ₹475 with an ex-date of July 25, 2025.
- Don's income jumped by 97% year-over-year, with net profit doubling.
- Tata Power's Mundra Power Plant shutdown may impact monthly net profit by ₹100-150 crore.
- Eternal's stock rose due to Blinkit's growth and positive ratings from brokerage firms.
- IdeaForge Technology reported disappointing results with a significant drop in income and a loss of ₹23.5 crore.
- Hindustan Aeronautics is expected to receive a ₹67,000 crore deal for 97 Light Combat LCA Mark One.
ABT India Dividend Announcement
ABT India, a leading pharmaceutical company, announced a dividend of ₹475 along with its quarterly results. The ex-date for the dividend is July 25, 2025, leaving a short window for investors to purchase shares and become eligible. Despite the stock being expensive, its dividend yield is 1.39%. The company may benefit from the Indian government's PLI schemes for the pharmaceutical sector.
Don's Financial Performance
Don experienced significant growth in the electronic manufacturing sector. The company's total income jumped by 97% to ₹12,836 crores compared to ₹6,580 crores in June 2024. The net profit doubled to ₹280 crores from ₹140 crores year-over-year. While there was a decline in net profit on a quarterly basis (from ₹465 crores to ₹280 crores), this was due to a decrease in other income and slightly higher tax payments.
Tata Power's Mundra Power Plant Shutdown
Tata Power's Mundra Power Plant, a significant revenue source, has been shut down and its extension was not approved under Section 11. This power plant generates a monthly net profit of ₹100 to 150 crore. The shutdown may lead to adjustments in the company's shares in the coming weeks.
Eternal (Zomato & Blinkit) Stock Surge
Eternal's stock rose despite a 90% crash in profit on a year-over-year basis. This increase is attributed to the growth of its subsidiary, Blinkit, which has achieved around 150% revenue growth and contributes about 50% to the overall company revenue. The company launched another subsidiary named Blinkit Food. Goldman Sachs gave a buy rating with a target of ₹340, and CLSA gave an outperform rating with a target of ₹385.
IPO Grey Market Premium
Several IPOs are currently running at a premium in the grey market. Repone BS SME IPO and Shallow Wrap Industries SME IPO are both running at a premium of 12%. Achcha Patel Che Specialities IPO is at a premium of 21.43%. Brigade Hotel Venture Mellon IPO is commanding a premium of 17.78%. GNG Electronics has a 43.46% premium, Indic Space Mil IPO has a 9.70% premium, Monarch is at a 66% premium, and Savvy Infra has a 19.17% premium.
Anand Rathi's View on Defense Sector Companies
Anand Rathi's Wealth Domestic Brokerage Fund has covered some defense sector companies, suggesting profit booking in BHEL and BAML, and giving a buy rating to Bharat Electronics. Despite recent declines, Bharat Electronics' stock is receiving strong support just above ₹400.
IdeaForge Technology's Disappointing Results
IdeaForge Technology, a drone manufacturing company, reported disappointing results. The company's total income dropped significantly from ₹92 crore last year to ₹16 crore this time. The company generated a loss of ₹23.5 crore, compared to a profit of ₹1.1 crore last year.
Hindustan Aeronautics (HAL) Receives Boost
Hindustan Aeronautics is expected to receive a significant boost with the government in the final stage of approving a ₹67,000 crore deal for 97 Light Combat LCA Mark One. This deal aims to enhance the Indian Air Force's combat readiness.
Upcoming Quarterly Results
Infosys, a top IT sector company, will release its quarter one results tomorrow, July 23. Results from many other companies and banks are also expected tomorrow.
