Let's catch up on the latest news from the stock market. From significant investments to major deals, and quarterly earnings, here’s a quick look at which stocks will be in focus in today's trade:
Maruti Suzuki India, Cipla, Adani Enterprises, Adani Ports, Canara Bank, SBI Cards and Payment Services, Allied Blenders and Distillers, Marico, Container Corporation of India, Deepak Fertilisers, Edelweiss Financial Services, Engineers India, Five-Star Business Finance, Genus Power Infrastructures, Glaxosmithkline Pharma, Godrej Agrovet, HUDCO, Laxmi Organic Industries, MTAR Technologies, Prestige Estates Projects, Shriram Asset Management, Star Health and Allied Insurance Company, Symphony, Voltas, and Websol Energy System will announce their quarterly earnings scorecard on October 29.
Bharti Airtel Q2 (Consolidated QoQ)
Profit declines 13.6% to Rs 3,593.2 crore Vs Rs 4,160 crore
Revenue grows 7.7% to Rs 41,473.3 crore Vs Rs 38,506.4 crore
EBITDA increases 10.4% to Rs 22,020.9 crore Vs Rs 19,944.2 crore
Margin expands to 53.1% Vs 51.8%
Exceptional loss at Rs 853.7 crore Vs exceptional gain of Rs 735 crore
Other income falls to Rs 254.7 crore Vs Rs 363.5 crore
Tax expenses jump to Rs 1,744 crore Vs Rs 1,307.8 crore
Federal Bank Q2 (Standalone YoY)
Profit jumps 10.8% to Rs 1,057 crore Vs Rs 954 crore
Net interest income increases 15.1% to Rs 2,367 crore Vs Rs 2,056 crore
Gross NPA falls to 2.09% Vs 2.11% (QoQ)
Net NPA slips to 0.57% Vs 0.6% (QoQ)
JSW Infrastructure Q2 (Consolidated YoY)
Profit spikes 46% to Rs 371.5 crore Vs Rs 254.4 crore
Revenue grows 18% to Rs 1,001.4 crore Vs Rs 848.3 crore
Tata Technologies Q2 (Consolidated YoY)
Profit drops 1.9% to Rs 157.4 crore Vs Rs 160.4 crore
Revenue grows 2.2% to Rs 1,296.5 crore Vs Rs 1,269.2 crore
EBITDA increases 10% to Rs 235.5 crore Vs Rs 214.3 crore
Margin expands sharply to 18.2% Vs 16.9%
Tata Technologies collaborates with Air India to transform the Air India Aircrafts for delivering travel experience
Suzlon Energy Q2 (Consolidated YoY)
Profit zooms 96.1% to Rs 200.6 crore Vs Rs 102.3 crore
Revenue spikes 47.7% to Rs 2,093 crore Vs Rs 1,417.2 crore
Adani Power Q2 (Consolidated YoY)
Profit plunges 50% to Rs 3,297.5 crore Vs Rs 6,594.2 crore
Revenue grows 2.7% to Rs 13,338.9 crore Vs Rs 12,990.6 crore
Other income falls to Rs 724 crore Vs Rs 1,945.1 crore
Tax expenses stand at Rs 836.6 crore Vs Tax Credit at Rs 1,370.6 crore
Spandana Sphoorty Financial Q2 (YoY)
Loss stands at Rs 216 crore Vs profit of Rs 125 crore
Net interest income rises 9% to Rs 341 crore Vs Rs 312 crore
Impairment jumps sharply to Rs 516 crore Vs Rs 90 crore
Gross NPA spikes to 4.86% Vs 2.6% (QoQ)
Net NPA increases to 0.99% Vs 0.53% (QoQ)
Kalpataru Projects International Q2 (Consolidated YoY)
Profit jumps 40% to Rs 126 crore Vs Rs 90 crore
Revenue grows 9% to Rs 4,930 crore Vs Rs 4,518 crore
EBITDA soars 18% to Rs 438 crore Vs Rs 371 crore
Margin expands to 8.9% Vs 8.2%
Indraprastha Gas Q2 (Standalone QoQ)
Profit increases 7.5% to Rs 431 crore Vs Rs 401 crore
Revenue rises 5% to Rs 3,697.3 crore Vs Rs 3,520.6 crore
EBITDA falls 7.9% to Rs 536 crore Vs Rs 582 crore
Margin drops 200 bps to 14.5% Vs 16.5%
Other income jumps to Rs 149.3 crore Vs Rs 72.7 crore
Restaurant Brands Asia Q2 (Consolidated YoY)
Loss widens to Rs 65.5 crore Vs Rs 50.65 crore
Revenue rises 1.2% to Rs 632.4 crore Vs Rs 624.9 crore
EBITDA jumps 12.4% to Rs 63.2 crore Vs Rs 56.2 crore
Margin expands 100 bps to 10% Vs 9%
Ajanta Pharma Q2 (Consolidated YoY)
Profit increases 11% to Rs 216 crore Vs Rs 195 crore
Revenue grows 15% to Rs 1,187 crore Vs Rs 1,028 crore
EBITDA rises 7% to Rs 311 crore Vs Rs 291 crore
Pfizer Q2 (YoY)
Profit grows 6.3% to Rs 158.4 crore Vs Rs 149 crore
Revenue rises 2.3% to Rs 588.6 crore Vs Rs 575.2 crore
Tamilnad Mercantile Bank Q2 (YoY)
Profit grows 10.6% to Rs 303 crore Vs Rs 274 crore
Net interest income increases 12% to Rs 596 crore Vs Rs 532.7 crore
Gross NPA falls to 1.37% Vs 1.44% (QoQ)
Net NPA declines to 0.46% Vs 0.65% (QoQ)
Quess Corp Q2 (Consolidated YoY)
Profit jumps 32% to Rs 93.6 crore Vs Rs 70.9 crore
Revenue grows 9.1% to Rs 5,179.4 crore Vs Rs 4,748.3 crore
Genesys International Corporation Q2 (Consolidated YoY)
Profit stands at Rs 11.09 crore Vs loss of Rs 3.4 crore
Revenue spikes 117% to Rs 72 crore Vs Rs 33.2 crore
Stocks To Watch
The company has executed a Share Purchase Agreement with Khorlochhu Hydro Power (KHPL) for the acquisition of a 40% stake in KHPL for Rs 830 crore. The investment will be made in one or more tranches in the equity stake of KHPL.
The IT services company has completed the acquisition of Blitz 24-893 SE, Germany, through its subsidiary, Infosys Singapore Pte.
The pharma company has launched Elobixibat, a drug to treat chronic constipation, in India. It will market Elobixibat under the brand name BixiBat.
Bulk Deals
Deepak Builders & Engineers India
Macquarie Emerging Markets Asian Trading and Macquarie Bank each acquired a 0.74% stake in the construction company at an average price of Rs 180.16 per share and Rs 179.21 per share, respectively. Additionally, Kirtan Maneklal Rupareliya bought a 1.2% stake in the company at an average price of Rs 178.92 per share.
New Mark Capital AIF LLP bought a 0.6% stake in the company at an average price of Rs 280 per share.
Nirmal Kumar Deepchand Gangwal sold a 0.53% stake in the company at an average price of Rs 4,070 per share.
SME Listing on October 29
Danish Power, United Heat Transfer, OBSC Perfection
Stocks Turn Ex-Dividend
Infosys, Embassy Office Parks REIT, Route Mobile
Stock Trades Ex-Date for Ex-Split
Quasar India
F&O Ban
Punjab National Bank, Dixon Technologies, Escorts Kubota, IDFC First Bank, IndiaMART InterMESH, L&T Finance, Manappuram Finance, RBL Bank
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