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:
ITC, IndusInd Bank, NTPC, ACC, JSW Energy, Colgate-Palmolive, Godrej Consumer Products, Aarti Drugs, Adani Total Gas, Adani Wilmar, Bikaji Foods International, Castrol India, Chalet Hotels, Coromandel International, CSB Bank, Cyient, DCB Bank, Diffusion Engineers, Dixon Technologies, GMR Airports Infrastructure, Go Digit General Insurance, Indian Energy Exchange, Mahanagar Gas, Nippon Life India Asset Management, Patanjali Foods, Petronet LNG, PNB Housing Finance, Tata Teleservices, United Breweries, Ujjivan Small Finance Bank, and Westlife Foodworld will announce quarterly earnings on October 24.
Hindustan Unilever Q2 (Standalone YoY)
Profit declines 3.9% to Rs 2,612 crore Vs Rs 2,717 crore
Revenue rises 1.5% to Rs 15,508 crore Vs Rs 15,276 crore
EBITDA falls 1.3% to Rs 3,647 crore Vs Rs 3,694 crore
Margin drops 70 bps to 23.5% Vs 24.2%
Volume growth at 3%
Company declares interim dividend of Rs 29 per share
Sona BLW Precision Forgings Q2 (Consolidated YoY)
Profit increases 15.7% to Rs 143.6 crore Vs Rs 124.06 crore
Revenue jumps 17.1% to Rs 922.2 crore Vs Rs 787.5 crore
EBITDA grows 14.7% to Rs 252.3 crore Vs Rs 220 crore
Margin declines to 27.4% Vs 27.9%
Thyrocare Technologies Q2 (Consolidated YoY)
Profit grows 29% to Rs 26.4 crore Vs Rs 20.4 crore
Revenue increases 20% to Rs 177.4 crore Vs Rs 148 crore
EBITDA jumps 28% to Rs 48.2 crore Vs Rs 37.6 crore
Margin expands 200 bps to 27% Vs 25%
Dr Lal PathLabs Q2 (Consolidated YoY)
Profit grows 18.2% to Rs 131 crore Vs Rs 111 crore
Revenue increases 9.8% to Rs 660 crore Vs Rs 601 crore
EBITDA jumps 13.9% to Rs 202 crore Vs Rs 178 crore
Margin rises 110 bps to 30.7% Vs 29.6%
Interim Dividend at Rs 6 per share for FY25
Birlasoft Q2 (Consolidated QoQ)
Profit falls 15.1% to Rs 127.5 crore Vs Rs 150.2 crore
Revenue rises 3.07% to Rs 1,368.2 crore Vs Rs 1,327.4 crore
Birla Corporation Q2 (Consolidated YoY)
Loss stands at Rs 25.2 crore Vs profit of Rs 58.4 crore
Revenue declines 14.5% to Rs 1,952.6 crore Vs Rs 2,284.3 crore
VIP Industries Q2 (Consolidated YoY)
Loss stands at Rs 33 crore Vs profit of Rs 13.3 crore
Revenue drops 0.3% to Rs 544.3 crore Vs Rs 546.1 crore
AU Small Finance Bank Q2 (YoY)
Profit surges 42.2% to Rs 571.2 crore Vs Rs 401.8 crore
Revenue jumps 58.1% to Rs 1,974.4 crore Vs Rs 1,249 crore
Gross NPA rises to 1.98% Vs 1.78% (QoQ)
Net NPA increases to 0.75% Vs 0.63% (QoQ)
Fedbank Financial Services Q2 (YoY)
Profit rises 12% to Rs 64.6 crore Vs Rs 57.8 crore
Net interest income jumps 28% to Rs 264.9 crore Vs Rs 207.3 crore
Karnataka Bank Q2 (YoY)
Profit rises 1.8% to Rs 336 crore Vs Rs 330 crore
Net interest income increases 1.4% to Rs 834 crore Vs Rs 822 crore
Gross NPA falls 33 bps to 3.21% Vs 3.54% (QoQ)
Net NPA declines 20 bps to 1.46% Vs 1.66% (QoQ)
MAS Financial Services Q2 (YoY)
Profit zooms 27.6% to Rs 76.6 crore Vs Rs 60 crore
Net interest income grows 27.4% to Rs 191.6 crore Vs Rs 150.4 crore
Navin Fluorine International Q2 (Consolidated YoY)
Profit declines 3% to Rs 58.8 crore Vs Rs 60.6 crore
Revenue grows 9.9% to Rs 518.6 crore Vs Rs 471.8 crore
EBITDA jumps 9.1% to Rs 107.4 crore Vs Rs 98.3 crore
Margin falls to 20.7% Vs 20.9%
Schaeffler India Q3 (Consolidated YoY)
Profit rises 1.6% to Rs 236.4 crore Vs Rs 232.8 crore
Revenue jumps 14.2% to Rs 2,116.4 crore Vs Rs 1,853.6 crore
Piramal Pharma Q2 (Consolidated YoY)
Profit surges 350% to Rs 23 crore Vs Rs 5 crore
Revenue grows 17% to Rs 2,242 crore Vs Rs 1,911 crore
Piramal Enterprises Q2 (Consolidated YoY)
Profit zooms 238% to Rs 163 crore Vs Rs 48 crore
Net interest income grows 17% to Rs 881 crore Vs Rs 750 crore
Exceptional gain at Rs 77 crore Vs exceptional loss Rs 64 crore
Pidilite Industries Q2 (Consolidated YoY)
Profit rises 17.8% to Rs 540.3 crore Vs Rs 458.5 crore
Revenue grows 5.2% to Rs 3,234.9 crore Vs Rs 3,076 crore
Nuvoco Vistas Corporation Q2 (Consolidated YoY)
Loss stands at Rs 85.2 crore Vs profit at Rs 1.5 crore
Revenue falls 11.8% to Rs 2,268.6 crore Vs Rs 2,573 crore
IIFL Finance Q2 (Standalone YoY)
Loss stands at Rs 441.3 crore Vs profit of Rs 136.7 crore
Net interest income drops 8.2% to Rs 596.4 crore Vs Rs 649.5 crore
United Spirits Q2 (Consolidated YoY)
Profit grows 0.6% to Rs 341 crore Vs Rs 339 crore
Revenue falls 0.9% to Rs 2,844 crore Vs Rs 2,869 crore
Stocks To Watch
The company has entered into a Business Transfer Agreement with Sona BLW Precision Forgings (Sona Comstar) for transferring the existing railway equipment business division (RED) as a going concern, on a slump sale basis, for Rs 1,600 crore. This aligns with the company's strategic focus on the agri and construction equipment sectors.
The digital services and consulting company unveiled its new and expanded Living Labs to help clients accelerate innovation and leverage emerging technologies for future-proofing their businesses. It also announced a collaboration with the University of Cambridge to establish a new AI Lab in London. Additionally, the company strengthened its collaboration with Meta to drive innovation in generative AI through open-source initiatives.
The company has signed a Joint Venture Agreement with Rajasthan Rajya Vidyut Utpadan Nigam for setting up a 3x125 MW lignite-based thermal power station in Rajasthan. It will also develop the mines to meet the fuel requirements of the thermal power station. Additionally, its subsidiary, NLC India Renewables, has signed a Joint Venture Agreement with Rajasthan Rajya Vidyut Utpadan Nigam for developing 2,000 MW of renewable power projects in Rajasthan.
The company has executed a Sale Deed to sell its property in Haryana State Industrial Infrastructure Development Corporation at Udhyog Vihar, Phase-V, Gurugram, to Culture Holidays India for Rs 25.5 crore.
The automobile company has inaugurated its two development test facilities: the Mahindra Passive Safety Lab and the Battery & Cell Research Lab, in Chennai.
Kalpataru Projects International
The Board will meet on October 28 to consider the company's unaudited standalone and consolidated financial results for the quarter and half-year ended September 2024, as well as a proposal for raising funds via Qualified Institutions Placement (QIP).
The company and its subsidiary, Appian Properties, have completed the acquisition of a 100% stake in Bharat Serums and Vaccines for Rs 13,768 crore. Post-acquisition, Bharat Serums and Vaccines has become a wholly owned subsidiary of the company.
The Board will meet on October 28 to consider raising funds of up to Rs 5,000 crore via public issue and/or private placement of non-convertible debentures (NCDs) in one or more tranches.
The Board has appointed PB Balaji as Nominee Director of Tata Sons on the board of the company, effective October 28.
Bulk Deals
Capri Global Holdings has acquired a 0.52% stake in the company at an average price of Rs 470 per share.
Ambit Investment Advisors has bought a 0.52% stake in the company at an average price of Rs 131.44 per share.
Mavira Growth Opportunities Fund bought a 1.04% stake in the company at an average price of Rs 355.39 per share.
SME Listing on October 24
Freshara Agro Exports
Stock Turns Ex-Dividend
Tips Music
Stocks Trade Ex-Date for Rights
Diligent Industries, Mercury Trade Links
Stock Trades Ex-Date for Resolution Plan -Suspension
Steelco Gujarat
F&O Ban
NMDC, Aarti Industries, Bandhan Bank, Birlasoft, GNFC, Indian Energy Exchange, IndiaMART InterMESH, Manappuram Finance, Piramal Enterprises, RBL Bank
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