Hot stocks being traded in the market today include stocks by Lupin Ltd, Gujarat Gas and Marico Ltd after the firms released their quarter results and showed positive growth.
Lupin Limited
Lupin Limited, a Mumbai-based pharmaceutical company released their Q4 results on Monday (6th May). The company reported a 52.3 per cent rise in year-on-year rise in consolidated net profit of 359.4 crore in the January-March quarter of 2024.
The firm reported a profit of Rs 235.96 crore in the same period last year.
The EBITDA came in at Rs 1023.1 crore, up by 66 per cent from Rs 615 crore. The EBITDA margin came at 14.4 per cent against 11.5 per cent in the same period a year ago.
Net Debt-Equity as of March 31, 2024, stands at 0.03.
Commenting on the results, Mr. Nilesh Gupta, Managing Director, Lupin Limited said, “We continue to move forward with sustainable and profitable growth and delivered another strong set of numbers in Q4. Our U.S. sales remain healthy driven by inhalation products, and our India formulation business is delivering ahead of market”.
The unaudited results were taken on record and a meeting was held yesterday by the board. The Board recommended a dividend of 400 per cent.
The shares of the company fell by 6% to Rs 1569.15 despite the growth in net profit. JP Morgan also maintained a ‘neutral’ rating on Lupin with a target price of Rs 1550.
Gujarat Gas
Gujarat Gas’s standalone net profit jumped by 11% to Rs 410.48 crores in Q4 FY24 as compared to Rs 369 crore in Q4 FY23.
The Revenue from operations increased 5.4% YoY to Rs 4293.86 crore in the quarter.
On a yearly basis, the company’s standalone net profit declined 25.09% to Rs 1142.77 crore in FY24.
The Board of Directors has also recommended a dividend of Rs 5.66 per equity share of face value of Rs 2/- each for the year 2024.
Further, on Monday, the company informed the Bombay Stock Exchange & National Stock Exchange that they had appointed Shri Rajesh Sivadasan as the Chief Financial officer (CFO), Key Managerial Personnel (KMP) and the Head of the Investor Relations Department of the company.
The share price is at Rs 538.45 and it is trading at 1.45% lower than the last closing price. Livemint recommends a 30% risk in the stock which looks very balanced. Five analysts recommend a strong buy rating for this particular stock, while six analysts recommend a buy rating. 
Marico Limited
Marico Ltd, an FMCG major, witnessed a sharp surge in share prices of nearly 10%. The stock surged 9.73 per cent to Rs 582.75 on the BSE, while at NSE, it soared by 9083 per cent to Rs 582.45 per share.
The giant disclosed a 4.9 per cent year-on-year increase in its consolidated net profit to Rs 320 crore in the March quarter. In terms of growth, the domestic segment exhibited a 3 per cent underlying volume growth in Q4 FY24, while the international business showed a robust constant currency growth of 10 per cent.
EBITDA increased by 12.5 per cent while the margin expanded by nearly 200 basis points.
The improvement in the rural market, market share gain, accelerated growth in foods and premium personal care, healthy growth in international business, and the normalization of price cuts should help Marico deliver better revenue in FY25-26E. Marico has been sustaining double-digit EBITDA growth, said Motilal Oswal which has a ‘buy’ rating with a target price of Rs 625.
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