Top Stocks to Watch On August 14: Nykaa, Vedanta, NBCC, Apollo Hospitals, Hero MotoCorp, Piramal Enterprises, NMDC Steel, Mahindra & Mahindra

Top Stocks to Watch On August 14: On August 14, Bse Sensex and NSE Nifty50 are expected to start the day positive.

Asian market started the day in green, Japan's Nikkei went up by by 1.07%, the Asia Dow traded with a hike of 1.07%, and South Korea's Kospi increased by 0.96%.

However, today there are some top stocks that you keep a watch on, some of these stocks are Nykaa, Vedanta, NBCC, Apollo Hospitals, Hero MotoCorp, Piramal Enterprises, NMDC Steel, and Mahindra & Mahindra.

Also Read: Top Stocks to Watch On August 13: Berger Paints, JSW Steel, IRFC, Vodafone Idea, ONGC, RCF, Hindustan Copper, Wipro, Campus Activewear, Camlin Fine Sciences

Let’s get into more detail about these top stocks:

Nykaa

The e-commerce company reported that its net profit went up by 151% to Rs 13.6 crore in the June quarter against Rs 5.4 crore in a year ago period.

The company revenue also hiked by 22.8% to Rs 1,746.1 crore, against Rs 1,421.8 crore in the corresponding quarter last year.

EBITDA of the company went up by 30.7% to Rs 96.1 crore, up from Rs 73.5 in a year ago period, with a margin of 5.5% from 5.2% year-over-year.

Vedanta

The mining company reported that it is expected to sell a 2.6% stake in Hindustan Zinc through OFS in the stock exchanges.

NBCC

NBCC reported that its consolidated net profit rose by 38% to Rs 107.19 crore in the first quarter ending on June 2024. Last year, the company made a net profit of Rs 77.41 crore in the corresponding period.

In a regulatory filing, NBCC's total income went up to Rs 2,197.83 crore in the quarter under review against Rs 1,974.03 crore in a year ago period.

Apollo Hospitals

The private-sector healthcare provider reported that its net profit rose by 83.2% to Rs 305.2 crore in the June quarter, compared to Rs 166.6 crore in a year ago period.

The company’s revenue also went up by 15.1% to Rs 5,085.6 crore while EBITDA increased by 32.6% to Rs 675.1 crore, with a margin of 13.3%.

Last year in the same quarter, the company's EBITDA stood at Rs 509 crore with a margin of 11.5%.

Hero MotoCorp

The two-wheeler manufacturer reported that its net profit rose by 36.1% to Rs 1,122.6 crore from Rs 824.7 crore in the corresponding quarter last year.

The company revenue also went up by 5.7% to Rs 10,143.7 crore against Rs 8,767.3 crore in a year ago period.

EBITDA of Hero MotoCorp increased by 21% to Rs 1,459.7 crore with a margin of 14.4%.

Also Read: Unicommerce eSolutions IPO Listing: Analysts Predict 60% Gains as GMP Signals Surge

Piramal Enterprises

On Tuesday, the company announced that its net profit went down by 64% year-on-year to Rs 81 crore in the first quarter because of the bigger base from a one-time gain last year.

However, after selling a stake in a Shriram Group company, Piramal Enterprises made a net profit of Rs 850 crore.

NMDC Steel

NMDC Steel reported that it incurred a net loss of Rs 547.3 crore against Rs 860.8 crore last year in the same quarter.

However, the company revenue went up by 9.6% to Rs 2,022.9 crore against Rs 1,845.7 crore in a year ago period while the EBITDA of the company incurred a loss of Rs 401.1 crore.

Mahindra & Mahindra

The automobile manufacturer company reported that its total sales went up by 2.1% to 64,929 units. But, the company’s production went down by 1.2% to 69,138 units while the exports also declined by 40.4% to 1,515 units.

Also Read: Gold and Silver Rates Today On August 13: Check the Latest Gold Rates in Your City