Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, and appointments, here’s a quick look at which stocks will be in focus in today's trade:
Dr Reddy's Laboratories, Titan Company, GAIL India, PB Fintech, Oil India, Berger Paints, eClerx Services, Manappuram Finance, Mankind Pharma, Mazagon Dock Shipbuilders, Aptus Value Housing Finance, CCL Products, Fortis Malar Hospitals, JK Tyre, Max Healthcare Institute, Raymond Lifestyle, SJVN, Sundram Fasteners, Timken India, Triveni Engineering, Waaree Renewable Technologies, and Wonderla Holidays will release September quarter earnings on November 5.
ABB India Q3 (YoY)
Profit zooms 21.7% to Rs 440.5 crore Vs Rs 362 crore
Revenue grows 5.2% to Rs 2,912.2 crore Vs Rs 2,769.2 crore
EBITDA jumps 23.2% to Rs 540.2 crore Vs Rs 438.5 crore
Margin expands 280 bps to 18.6% Vs 15.8%
Amara Raja Energy & Mobility Q2 (Standalone YoY)
Profit rises 6.3% to Rs 240.7 crore Vs Rs 226.4 crore
Revenue increases 11.55% to Rs 3,135.8 crore Vs Rs 2,811.1 crore
EBITDA grows 7.5% to Rs 440.7 crore Vs Rs 410 crore
Margin drops 55 bps to 14.05% Vs 14.6%
Company to make additional investment Rs 1,000 crore in its subsidiary Amara Raja Advanced Cell Technologies to set up gigafactories.
Tilaknagar Industries Q2 (Consolidated YoY)
Profit zooms 57.2% to Rs 58.2 crore Vs Rs 37 crore
Revenue grows 5.8% to Rs 374.9 crore Vs Rs 354.4 crore
EBITDA jumps 39.1% to Rs 66 crore Vs Rs 47.4 crore
Margin expands 420 bps to 17.6% Vs 13.4%
Procter & Gamble Health Q1 (YoY)
Profit climbs 25.6% to Rs 82.3 crore Vs Rs 65.6 crore
Revenue grows 2.8% to Rs 313.4 crore Vs Rs 304.9 crore
EBITDA zooms 28.6% to Rs 114 crore Vs Rs 88.7 crore
Margin surges 730 bps to 36.4% Vs 29.1%
Gland Pharma Q2 (Consolidated YoY)
Profit declines 15.7% to Rs 163.5 crore Vs Rs 194.1 crore
Revenue grows 2.4% to Rs 1,405.8 crore Vs Rs 1,373.4 crore
EBITDA drops 8.3% to Rs 297 crore Vs Rs 324.1 crore
Margin falls 250 bps to 21.1% Vs 23.6%
Indian Railway Catering and Tourism Corporation Q2 (Consolidated YoY)
Profit increases 4.5% to Rs 307.9 crore Vs Rs 294.7 crore
Revenue rises 7.2% to Rs 1,064 crore Vs Rs 992.4 crore
Dhampur Bio Organics Q2 (Consolidated YoY)
Loss stands at Rs 23.4 crore Vs profit of Rs 0.06 crore
Revenue declines 4.8% to Rs 633.6 crore Vs Rs 665.6 crore
KEC International Q2 (Consolidated YoY)
Profit surges 53% to Rs 85.4 crore Vs Rs 55.8 crore
Revenue grows 13.7% to Rs 5,113.3 crore Vs Rs 4,499 crore
Tax expenses jump to Rs 63.53 crore Vs Rs 6.52 crore
Deferred tax at Rs (35.47) crore Vs Rs 3.43 crore
JK Paper Q2 (Consolidated YoY)
Profit plunges 57.8% to Rs 129 crore Vs Rs 305.7 crore
Revenue grows 2% to Rs 1,682.9 crore Vs Rs 1,650 crore
Bata India Q2 (Consolidated YoY)
Profit spikes 53% to Rs 52 crore Vs Rs 34 crore
Revenue increases 2.2% to Rs 837.1 crore Vs Rs 819.1 crore
Exceptional item at Nil Vs loss of Rs 40.9 crore
Raymond Q2 (Consolidated YoY)
Profit zooms 112% to Rs 59.01 crore Vs Rs 27.8 crore
Revenue jumps 122.2% to Rs 1,044.7 crore Vs Rs 470 crore
Sundaram Finance Q2 (Standalone YoY)
Profit drops 7.2% to Rs 340.09 crore Vs Rs 366.4 crore
Revenue increases 16.2% to Rs 562.5 crore Vs Rs 483.9 crore
Stocks To Watch
The Board has appointed Vikram Kumar Khaitan as Chief Financial Officer (CFO) of the company, effective November 5, after Roshan Garg resigned from the position of CFO, effective November 4.
The market regulator SEBI has asked Embassy Office Parks Management Services to suspend Aravind Maiya from acting as its Chief Executive Officer (CEO) and to appoint an interim CEO with immediate effect. Embassy Office Parks Management Services is the manager of Embassy REIT.
Bulk Deals
Goldman Sachs India Equity Portfolio, Jupiter India Fund, Nomura Funds Ireland India Equity Fund, and Nomura India Investment Fund Mother Fund bought a 2.7% stake in the infrastructure engineering and construction company, amounting to Rs 449.08 crore.
AL Mehwar Commercial Investments LLC purchased a 0.57% stake in Entero from CLSA Global Markets Pte Ltd - ODI at an average price of Rs 1,399.80 per share, valued at Rs 34.97 crore.
The Trustee for Black Swan Super Fund sold a 0.55% stake in the company at an average price of Rs 17.25 per share.
Block Deals
Investor Siddhartha Yog acquired a 0.33% stake in Trent from Dodona Holdings at an average price of Rs 6,985 per share, amounting to Rs 838.84 crore.
Stocks Turn Ex-Dividend
Coal India, CARE Ratings, Dr Lal PathLabs, Sasken Technologies
Stocks Trade Ex-Date for Split
Premier Polyfilm, Systematix Corporate Services
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