Stocks to Watch for April 29: CEAT, REC, Bandhan Bank, Star Health, BHEL & more

CEAT | The company reported a strong Q4 performance, with net profit more than doubling to ₹244 crore from ₹100 crore year-on-year. Revenue grew 23.3% to ₹4,219 crore compared to ₹3,421 crore, while EBITDA rose 52.7% to ₹593 crore from ₹388 crore. Margins improved to 14% from 11% in the same period last year. The company has recommended a dividend of ₹35 per share.

Garden Reach Shipbuilders & Engineers | The company reported a strong Q4 performance, with net profit rising 24% year-on-year to ₹303.19 crore from ₹244.2 crore. Revenue grew 29% to ₹2,119 crore compared to ₹1,642 crore, while EBITDA surged 61% to ₹355 crore from ₹221 crore. The board has recommended a final dividend of ₹6.7 per share.

Star Health Insurance | Star Health reported a sharp turnaround in Q4, with net profit jumping to ₹111.3 crore from ₹0.5 crore a year ago. Net earned premium grew 13.9% to ₹4,327.2 crore from ₹3,798.3 crore. The company narrowed its underwriting loss to ₹154.28 crore from ₹275.17 crore.

AWL Agri Business | The company reported a strong Q4 performance, with net profit rising 53.5% year-on-year to ₹292 crore from ₹190 crore. Revenue grew 17.7% to ₹21,465 crore compared to ₹18,230 crore, while EBITDA increased 16.8% to ₹524 crore from ₹449 crore. However, margins slightly softened to 2.4% from 2.5% in the same period last year.

Go Digit General Insurance | The company reported a steady Q4 performance, with gross written premium rising 6.18% year-on-year to ₹2,735.7 crore from ₹2,576.4 crore. Net profit increased 29.2% to ₹149.4 crore from ₹116 crore, while assets under management (AUM) grew 16.3% to ₹22,922 crore from ₹19,703 crore. The combined ratio stood at 111.6%, slightly higher than 111.3% in the same period last year.

Sanofi Consumer | The company reported a solid Q4 performance, with net profit rising 35.6% year-on-year to ₹67.8 crore from ₹50 crore. Revenue grew 32.8% to ₹229.2 crore compared to ₹172.6 crore, while EBITDA increased 38.5% to ₹88.8 crore from ₹64.1 crore. Margins improved to 38.7% from 37.1% in the same period last year.

Bharat Heavy Electricals | BHEL said it has signed a Licensing Agreement for Transfer of Technology (LAToT) with the Naval Science & Technological Laboratory (NSTL), Visakhapatnam, a DRDO lab, for gas turbine work related to naval systems.

Enviro Infra Engineers Ltd | The company’s subsidiary EIE Renewables will acquire 100% stake in Suyog Urja Limited in a phased ₹311 crore deal, starting with 51% immediately and the rest over 27 months. The move aims to expand its renewable energy portfolio, especially in wind power.

Motherson Sumi Wiring | The company reported a mixed Q4 performance, with net profit inching up 1.4% year-on-year to ₹167 crore from ₹165 crore. Revenue saw a strong growth of 32.9% to ₹3,334.6 crore compared to ₹2,509.5 crore, while EBITDA rose marginally by 1% to ₹274 crore from ₹271 crore.

Canara HSBC Life | The company reported a steady Q4 performance, with net profit rising 8.2% year-on-year to ₹34.7 crore from ₹32.1 crore. Net premium earned grew 13.3% to ₹3.1 crore compared to ₹2.7 crore in the same period last year.

Orient Cement | The company reported a mixed Q4 performance, with net profit rising 31.7% year-on-year to ₹55.4 crore from ₹42.1 crore. EBITDA increased 4.6% to ₹108 crore from ₹103 crore, while margins improved to 16.7% from 12.5% in the same period last year. However, revenue declined 21.6% to ₹647.2 crore from ₹825.2 crore.

Greenply Industries | The company reported a strong Q4 performance, with net profit rising 86.4% YoY to ₹30.7 crore versus ₹16.5 crore, while revenue grew 19.6% to ₹776.2 crore from ₹648.8 crore. EBITDA increased 37% to ₹93.2 crore, and margins improved to 12% from 11% in the same period last year.