Tata Motors, LIC, JSW Steel, Ola Electric top stocks to watch for November 11

Ahead of Monday's trading session, several stocks are in focus due to their recent performance and outlook. Here's a look at the key companies to watch:

Tata Motors

Tata Motors saw a dip in its net profit by 11.2%, falling to ₹3,343 crore. This was mainly due to muted domestic demand and production constraints at JLR (Jaguar Land Rover). Revenue also declined 3.8% to ₹1.01 lakh crore, with EBITDA down 12% to ₹12,159 crore. Despite these challenges, JLR expects stronger production and sales volumes in Q2 and is maintaining its FY25 guidance of £30 million in revenue and a margin of around 8.5%.

Asian Paints

Asian Paints reported disappointing results, with a 0.5% decline in domestic volumes, falling short of the expected 6-8% growth. All key metrics, including revenue, EBITDA, margins, and net profit, were below estimates. Persistent rains, floods in some regions, and weak consumer sentiment impacted demand. The company expects a margin recovery as material prices soften and price increases are implemented.

Ola Electric

Ola Electric showed improvement, reporting a 39% revenue growth to ₹1,214 crore. However, the company still posted a net loss of ₹495 crore, slightly lower than last year's ₹524 crore loss. Its EBITDA loss decreased to ₹349 crore from ₹435 crore last year, signaling progress despite ongoing challenges.

LIC (Life Insurance Corporation)

LIC’s new business premium rose by 20% to ₹60,043 crore, surpassing estimates. The company also saw strong growth in its Annual Premium Equivalent (APE) and Value of New Business (VNB), up by 26% and 47%, respectively. Despite these gains, net profit declined by 4% to ₹7,621 crore.

Divi's Laboratories

Divi’s Laboratories reported a robust performance with a 22.5% increase in revenue to ₹2,338 crore and a 47% jump in net profit to ₹510 crore. EBITDA also surged by 50%, with margins improving to 30.6%. The company is seeing strong demand in custom synthesis and generics, with plans to invest ₹1,600 crore in FY25, especially in the Kakinada project, which is expected to begin production in December 2024.

Aarti Industries

Aarti Industries posted a 43% drop in net profit to ₹52 crore, despite a 12% increase in revenue to ₹1,628 crore. EBITDA declined 15.5% to ₹197 crore, with a decrease in EBITDA margin to 12.1%.

Metropolis Healthcare

Metropolis saw a solid performance, with net profit increasing by 31% to ₹47 crore. Revenue grew by 11.5% to ₹349 crore, driven by higher patient volumes and test demand. B2C revenue saw a 21% increase, particularly in Maharashtra, Specialty, and TruHealth.

Fortis Healthcare

Fortis posted a modest increase in net profit (1.6%) to ₹176.5 crore, with revenue rising 12.3% to ₹1,988.4 crore. The company saw strong EBITDA growth of 31.7%, improving margins to 21.9%.

JSW Steel

JSW Steel emerged as the preferred bidder in the auction for the Banai & Bhalumuda coal blocks in Mand-Raigarh, which could provide a boost to its production capacity.

Biocon

Biocon’s Park Site unit in Bengaluru was classified as Voluntary Action Initiated (VAI) by the USFDA following an inspection in July 2024. This regulatory development will likely affect its stock performance.

GR Infra

GR Infra has been declared the lowest bidder for BSNL’s Bharat Net Phase 3 project worth ₹867.54 crore, which could contribute to its future growth.

ITI

ITI also emerged as the lowest bidder for three packages under BSNL’s Bharat Net Phase 3 project, with a total worth of ₹4,599 crore, adding to its market potential.