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The board of directors of Navratna PSU RITES today approved a bonus issue in the ratio of 1:1 along with the first interim dividend of Rs 2.50 per share for FY25 for its eligible shareholders while declaring its June quarter results.

ITC Ltd reported a notable revenue growth for Q1 2024, primarily fueled by its cigarettes and hotels businesses. Revenue increased by 6% compared to the same period last year, and net profit saw a 3% rise. However, the paper and agri segments continued to face challenges, impacting overall margins.

In the unlisted market, shares of the company are currently commanding a premium of 26% over the IPO price, with GMP of Rs 175. The IPO itself consists of a fresh issuance of shares worth Rs 680 crore, along with an offer for sale (OFS) of up to 1.73 crore shares.

Founded in 2017, Bengaluru-based Ola manufactures e2Ws and certain EV components. The company is developing an EV hub in Krishnagiri and Dharmapuri districts in Tamil Nadu, which includes the Ola Futurefactory, the largest automated e2W manufacturing plan

Dabur India’s revenue for Q1 2024 likely witnessed a 6% year-on-year growth, driven by rural market improvement and international business. Domestic volumes reportedly grew by 5-6%, with gross margins expected to improve by up to 200 bps YoY. Higher ad-spends were seen moderating EBITDA margins slightly.

As of 30-Jun-2024, promoters held 22.92 per cent stake in the company, while FIIs held 39.58 per cent and domestic institutional investors had 12.45 per cent.

Considering the above, analysts at ICICI Securities believe that given Awfis’ superior RoCE profile which is likely to consistently range over 20% FY26E onwards and net cash balance sheet combined with an estimated 48% EBITDA CAGR over FY24-27E, an EV/EBITDA of multiple of 25x is justified in line with hotel peers.

Indus Towers has set August 9 as the record date for its buyback, which represents 9.9971% and 9.9668% of its fully paid-up equity share capital and free reserves as of June 30, 2024. The company reported a 43% YoY increase in net profit to Rs 1,926 crore for Q1, fueled by Bharti Airtel’s 5G expansion and past dues collection from Vodafone Idea.

Three of these nine stocks saw a share price growth of over 100% in the past one year. These stocks have a market capitalisation of over Rs 1,000 crore. It must be remembered that past performance is not a guarantee of future results.

The stock quoted a 52-week high price of Rs 299.5 and a 52-week low of Rs 126.15.