Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, fund raising, and appointments, here’s a quick look at which stocks will be in focus in today's trade:
Hindustan Unilever, Bajaj Finserv, SBI Life Insurance Company, Aster DM Healthcare, AU Small Finance Bank, Bajaj Holdings, Birla Corporation, Birlasoft, Godrej Properties, CARE Ratings, Craftsman Automation, Dodla Dairy, Fedbank Financial Services, Fino Payments Bank, Heritage Foods, IIFL Finance, KPIT Technologies, Karnataka Bank, Dr Lal PathLabs, Metro Brands, Navin Fluorine International, Nuvoco Vistas Corporation, Piramal Enterprises, Pidilite Industries, Schaeffler India, Sona BLW Precision Forgings, Syngene International, Thyrocare Technologies, TVS Motor, United Spirits, VIP Industries, Zenotech Laboratories
Bajaj Finance Q2 (Consolidated YoY)
Profit increases 13% to Rs 4,014 crore Vs Rs 3,551 crore
Net interest income soars 23% to Rs 8,838 crore Vs Rs 7,196 crore
Loan losses and provisions rises to Rs 1,909 crore Vs Rs 1,077 crore
Pre-provisioning operating profit climbs 25% to Rs 7,307 crore Vs Rs 5,835 crore
Gross NPA jumps to 1.06% Vs 0.91%
Net NPA rises to 0.46% Vs 0.31%
Indus Towers Q2 (Consolidated YoY)
Profit surges 71.7% to Rs 2,223.5 crore Vs Rs 1,294.7 crore
Revenue rises 4.7% to Rs 7,465.3 crore Vs Rs 7,132.5 crore
EBITDA zooms 42% to Rs 4,907.1 crore Vs Rs 3,455.9 crore
Margin expands sharply to 65.7% Vs 48.5% (YoY)
CCI approves increase in percentage shareholding of Bharti Airtel in Indus Towers to 50.005%
Olectra Greentech Q2 (Consolidated YoY)
Profit surges 156.5% to Rs 47.7 crore Vs Rs 18.6 crore
Revenue jumps 70.5% to Rs 523.7 crore Vs Rs 307.2 crore
EBITDA spikes 100.4% to Rs 81.2 crore Vs Rs 40.5 crore
Margin expands to 15.5% Vs 13.2%
Max Financial Services Q2 (Consolidated YoY)
Profit falls 18.2% to Rs 139.3 crore
Revenue rises 31.6% to Rs 13,372.4 crore
Value of new business grows 23% to Rs 513 crore
Total annualized premium equivalent jumps 31% to Rs 2,170 crore
ICICI Prudential Life Insurance Q2 (Consolidated YoY)
Profit grows 2.9% to Rs 251 crore Vs Rs 243.9 crore
Net premium income rises 7.3% to Rs 10,754.2 crore Vs Rs 10,022.4 crore
Net commission jumps 60.2% to Rs 1,234.9 crore Vs Rs 770.9 crore
M&M Financial Services Q2 (Standalone YoY)
Profit surges 57% to Rs 369 crore Vs Rs 235 crore
Net interest income increases 19% to Rs 1,963 crore Vs Rs 1,646 crore
Pre-provisioning operating profit grows 27% to Rs 1,196 crore Vs Rs 943 crore
Disbursements drops 1% to Rs 13,162 crore Vs Rs 13,315 crore
Gross NPA rises to 3.83% Vs 3.56% (QoQ)
Net NPA climbs to 1.59% Vs 1.46%
Persistent Systems Q2 (Consolidated QoQ)
Profit grows 6.1% to Rs Rs 325 crore Vs Rs 306.4 crore
Revenue increases 5.8% to Rs 2,897.2 crore Vs Rs 2,737.2 crore
EBIT rises 5.8% to Rs 406.2 crore Vs Rs 384 crore
EBIT margin remains unchanged at 14% Vs 14%
Dollar revenue climbs 5.3% to $345.5 million Vs $328.2 million
Constant currency revenue growth at 5.1% Vs 5.6%
IIFL Securities Q2 (Consolidated YoY)
Profit spikes 90.8% to Rs 205.3 crore Vs Rs 107.6 crore
Revenue increases 27.3% to Rs 645.4 crore Vs Rs 507 crore
Can Fin Homes Q2 (YoY)
Profit grows 33.5% to Rs 211 crore Vs Rs 158 crore
Net interest income rises 7.3% to Rs 340 crore Vs Rs 317 crore
Gross NPA falls to 0.88% Vs 0.91% (QoQ)
Net NPA declines to 0.47% Vs 0.49% (QoQ)
Shoppers Stop Q2 (Consolidated YoY)
Loss stands at Rs 20.6 crore Vs profit at Rs 2.7 crore
Revenue grows 7.3% to Rs 1,114.9 crore Vs Rs 1,039.12 crore
Gujarat Mineral Development Corporation Q2 (Standalone YoY)
Profit spikes 69% to Rs 129.2 crore Vs Rs 76.5 crore
Revenue jumps 55% to Rs 593 crore Vs Rs 382.7 crore
Chennai Petroleum Corporation Q2 (Consolidated YoY)
Loss stands at Rs 633.7 crore Vs profit of Rs 1,195.4 crore
Revenue falls 27% to Rs 12,086.4 crore Vs Rs 16,544.6 crore
Cigniti Technologies Q2 (Consolidated QoQ)
Profit zooms 403.5% to Rs 52.9 crore Vs Rs 10.5 crore
Revenue rises 6.55% to Rs 499.2 crore Vs Rs 468.5 crore
Exceptional item at Nil Vs loss Rs 30.05 crore
Stocks To Watch
The National Payments Corporation of India (NPCI) has granted approval to Paytm parent One 97 Communications to onboard new UPI users.
Sonata Software has received a contract from a Fortune 500 manufacturer of consumer goods and industrial products. Under the multi-year deal, Sonata will support the manufacturing company's global business growth and its ongoing digital transformation journey.
The company has received an order worth Rs 454 crore from the Karnataka Mining Environment Restoration Corporation. Earlier, the order for the construction of railway PFTs at Dharmapura and Susheel Nagar in the Ballari district, awarded to the company on a project management consultancy (PMC) basis, has now been converted to a turnkey basis.
The company has received a work order worth Rs 36.8 crore from South Eastern Railway. The work order involves the provision of an electronic interlocking system and signaling arrangements (both indoor and outdoor).
The Board has appointed Parvez Mulla as Managing Director and Chief Executive Officer of the company for three years, effective November 11.
The Competition Commission of India has approved the acquisition of Aavas Financiers by Aquilo House Pte.
The Board has approved fundraising of up to Rs 300 crore via equity shares on a rights basis.
The RP-Sanjiv Goenka Group company has decided to build a domain-centric Large Language Model for the US mortgage business.
Power Grid Corporation of India
The company has been declared the successful bidder to establish an inter-state transmission system in Rajasthan. It has received a Letter of Intent for the said project, which comprises the establishment of a new 765/400kV Siwani substation along with STATCOM and other equipment, a 765kV D/C transmission line traversing Rajasthan and Haryana, and various 400kV D/C transmission lines traversing through Haryana, along with bay extension works for the above lines at other existing substations in Rajasthan and Haryana.
Bulk Deals
Ashika Credit Capital bought a 0.51% stake in the cement company at an average price of Rs 353.23 per share, and Nuvama Multi Asset Strategy Return Fund acquired a 0.91% stake at an average price of Rs 347.94 per share.
Block Deals
Investor Siddhartha Yog bought a 0.32% stake in the retail company at an average price of Rs 7,465 per share, amounting to Rs 847.16 crore, from Dodona Holdings.
SME Listing on October 23
Lakshya Powertech
Stock Turns Ex-Dividend
Caspian Corporate Services
Stock Trades Ex-Date for Bonus
Grovy India
F&O Ban
Aarti Industries, Bandhan Bank, Birlasoft, Chambal Fertilisers and Chemicals, GNFC, Indian Energy Exchange, IndiaMART InterMESH, L&T Finance, Manappuram Finance, Piramal Enterprises, Punjab National Bank, RBL Bank
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