Stocks To Watch: Marico, Adani Group, Bharti Airtel, and others
Feb 24, 2025, 07:42 IST
Are you unsure about which stocks to monitor before the markets open? don’t worry; we’re here to help. Below is a thorough overview of the most recent stock-related news to consider before beginning your day. You can have your affair in the stock markets today with these stocks-Stocks in Focus: From Marico to Delhivery, you can read about all the stocks that may see some action on Monday. Previously, on Friday, the NSE Nifty 50 closed the session 117 points or 0.51% lower at 22,795.90, while the BSE Sensex lost 425 points or 0.56% to close at 75,311.06.
As of February 24, 2025, here are some notable updates on the mentioned stocks:
Bharti Airtel:
Financial Performance: In Q2 FY25, Bharti Airtel reported a consolidated net profit of ₹3,593.2 crore, a significant increase from ₹1,340.7 crore in Q2 FY24. Revenue from operations grew by 11.95% year-over-year to ₹41,473.3 crore, driven by strong momentum in India and sustained growth in Africa.
Debt Clearance: The company has been proactive in managing its spectrum liabilities, making early payments totaling ₹283.2 billion in 2024 to clear dues from auctions held in 2012, 2015, and 2016.
Stock Performance: Recently, Bharti Airtel's shares have shown resilience. On February 7, 2025, the stock rallied by 3.60% to close at ₹1,677.80, outperforming the broader market.
Adani Group:
Market Activity: Adani Group companies have experienced notable movements. For instance, on November 29, 2024, shares of Adani Green Energy surged by 21.72%, and Adani Energy Solutions rose by 15.56%.
Regulatory Developments: The group has faced scrutiny, with seven Adani firms receiving show-cause notices from SEBI in March 2024 for alleged violations related to related-party transactions and listing regulations.
Marico:
Analyst Recommendations: Brokerage firm Jefferies maintains a 'Buy' rating on Marico, raising the target price to ₹800. The company's Q2 results aligned with expectations, showing a 5% volume growth in India, primarily driven by rural demand.
Financial Highlights: In Q1 FY25, Marico reported an 8.66% increase in net profit to ₹464 crore, with revenue from operations rising by 6.7% to ₹2,643 crore.
Other Notable Stocks:
Indian Oil Corporation (IOC): The company reported a sharp decline in net profit to ₹180 crore in the recent quarter, down from ₹12,967 crore in the same period last year. Revenue from operations decreased by 4% year-over-year to ₹1.95 lakh crore.
Macrotech Developers: Promoters Abhishek Lodha and family plan to transfer an 18% shareholding, worth approximately ₹20,000 crore, to the Lodha Philanthropy Foundation.
Star Health and Allied Insurance: The company investigated a data leak incident and found no evidence of wrongdoing by its chief information security officer, stating that alleged communications were fabricated by a hacker.
Investors are advised to monitor these developments closely and consider their investment strategies accordingly.