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:
Bharti Airtel, Sun Pharmaceutical, BHEL, Adani Power, Punjab National Bank, Aditya Birla Sun Life AMC, Ambuja Cements, Arvind, Computer Age Management Services, CarTrade Tech, Dalmia Bharat Sugar, Federal Bank, Firstsource Solutions, Ideaforge Technology, Indraprastha Gas, Indegene, Indian Bank, Indian Oil Corporation, JSW Infrastructure, KFin Technologies, Kalpataru Projects International, LIC Housing Finance, Northern Arc Capital, Paras Defence, Pfizer, Quess Corp, RailTel Corporation of India, Shree Renuka Sugars, Skipper, and Tata Technologies will release their quarterly earnings on October 28.
ICICI Bank Q2 (Standalone YoY)
Profit increases 14.5% to Rs 11,746 crore Vs Rs 10,261 crore
Net interest income grows 9.5% to Rs 20,048 crore Vs Rs 18,307.9 crore
Gross NPA falls to 1.97% Vs 2.15% (QoQ)
Net NPA declines to 0.42% Vs 0.43% (QoQ)
Coal India Q2 (Consolidated YoY)
Profit falls 22% to Rs 6,274.8 crore Vs Rs 8,048.6 crore
Revenue slips 6.4% to Rs 30,673 crore Vs Rs 32,776.4 crore
EBITDA drops 14.2% to Rs 8,617.1 crore Vs Rs 10,038.2 crore
Margin drops 250 bps to 28.1% Vs 30.6%
Coal India declares interim dividend of Rs 15.75 per share for FY25
Bank of Baroda Q2 (Standalone YoY)
Profit jumps 23% to Rs 5,238 crore Vs Rs 4,253 crore
Net interest income rises 7.3% to Rs 11,622 crore Vs Rs 10,831 crore
Gross NPA falls to 2.50% Vs 2.88% (QoQ)
Net NPA declines to 0.60% Vs 0.69% (QoQ)
InterGlobe Aviation-IndiGo Q2 (Consolidated YoY)
Loss stands at Rs 986.7 crore Vs profit of Rs 188.9 crore
Revenue grows 13.6% to Rs 16,969.6 crore Vs Rs 14,944 crore
EBITDAR falls 0.5% to Rs 2,434 crore Vs Rs 2,446.5 crore
EBITDAR margin drops 210 bps to 14.3% Vs 16.4%
Board approves investment of upto Rs 295 crore in IndiGo Ventures Fund – I
Bandhan Bank Q2 (YoY)
Profit jumps 30% to Rs 937 crore Vs Rs 721 crore
Net interest income grows 21% to Rs 2,948 crore Vs Rs 2,443 crore
Net interest margin expands to 7.4% Vs 7.2%
Gross NPA rises to 4.68% Vs 4.23% (QoQ)
Net NPA increases to 1.29% Vs 1.15% (QoQ)
Macrotech Developers-Lodha Q2 (Consolidated YoY)
Profit spikes 108.6% to Rs 423.1 crore Vs Rs 202.8 crore
Revenue jumps 50.1% to Rs 2,625.7 crore Vs Rs 1,749.6 crore
DLF Q2 (Consolidated YoY)
Profit jumps 122.1% to Rs 1,381.2 crore Vs Rs 621.9 crore
Revenue grows 46.5% to Rs 1,975 crore Vs Rs 1,347.7 crore
Tax write back at Rs 466.80 crore Vs tax expenses at Rs 112.20 crore
Intellect Design Arena Q2 (Consolidated YoY)
Profit falls 26% to Rs 52.5 crore Vs Rs 70.8 crore
Revenue declines 10% to Rs 558.1 crore Vs Rs 619 crore
Praj Industries Q2 (Consolidated YoY)
Profit drops 13.7% to Rs 53.8 crore Vs Rs 62.4 crore
Revenue falls 7.5% to Rs 816.2 crore Vs Rs 882.4 crore
Order intake at Rs 921 crore Vs Rs 1,063 crore
Texmaco Rail and Engineering Q2 (Consolidated YoY)
Profit jumps 201.3% to Rs 74.1 crore Vs Rs 24.6 crore
Revenue surges 67.2% to Rs 1,345.9 crore Vs Rs 805 crore
Balkrishna Industries Q2 (Consolidated YoY)
Profit drops 0.14% to Rs 347 crore Vs Rs 347.4 crore
Revenue increases 7.4% to Rs 2,419.7 crore Vs Rs 2,253.2 crore
Other income falls to Rs 90.5 crore Vs Rs 107.09 crore
Freight and forwarding expenses jumps to Rs 183.2 crore Vs Rs 101.8 crore
Torrent Pharmaceuticals Q2 (Consolidated YoY)
Profit increases 17.4% to Rs 453 crore Vs Rs 386 crore
Revenue rises 8.6% to Rs 2,889 crore Vs Rs 2,660 crore
CreditAccess Grameen Q2 (YoY)
Profit plunges 46.4% to Rs 186.1 crore Vs Rs 347 crore
Net interest income increases 20.8% to Rs 932.4 crore Vs Rs 772 crore
Impairment of financial instruments spikes 338.3% to Rs 420.1 crore Vs Rs 95.9 crore
Inox Wind Q2 (Consolidated YoY)
Profit stands Rs 90 crore Vs loss of Rs 27 crore
Revenue surges 93% to Rs 742 crore Vs Rs 384 crore
Order book jumps to 3,328 MW Vs 1,276 MW
Aegis Logistics Q2 (Consolidated YoY)
Profit grows 1% to Rs 152 crore Vs Rs 150 crore
Revenue zooms 42% to Rs 1,750 crore Vs Rs 1,235 crore
Shriram Finance Q2 (YoY)
Profit grows 18.3% to Rs 2,071.3 crore Vs Rs 1,750.8 crore
Net interest income jumps 16.4% to Rs 5,606.7 crore Vs Rs 4,818.2 crore
Company declares an interim dividend of Rs 22 per share
Board approves stock split in the ratio of 1:5
Gross Stage-3 provision increases to Rs 12,764.2 crore Vs Rs 12,408 crore (QoQ)
ECL provision Stage-3 rises to Rs 6,598.6 crore Vs Rs 6,346 crore (QoQ)
Phoenix Mills Q2 (Consolidated YoY)
Profit declines 4.3% to Rs 292.2 crore Vs Rs 305.3 crore
Revenue increases 5% to Rs 918 crore Vs Rs 875 crore
CMS Info Systems Q2 (Consolidated YoY)
Profit grows 7.8% to Rs 90.9 crore Vs Rs 84.4 crore
Revenue jumps 15% to Rs 624.5 crore Vs Rs 543.7 crore
Sangam India Q2 (Consolidated YoY)
Profit plunges 47.5% to Rs 5.55 crore Vs Rs 10.6 crore
Revenue soars 7.5% to Rs 675.6 crore Vs Rs 628.7 crore
Kewal Kiran Clothing Q2 (Consolidated YoY)
Profit jumps 36.2% to Rs 67.7 crore Vs Rs 49.7 crore
Revenue grows 17.4% to Rs 308.2 crore Vs Rs 262.5 crore
EBITDA increases 3.6% to Rs 63.9 crore Vs Rs 61.7 crore
Margin drops to 20.7% Vs 23.5%
Gensol Engineering Q2 (Consolidated YoY)
Profit rises 29.5% to Rs 22.9 crore Vs Rs 17.71 crore
Revenue grows 13.8% to Rs 346.5 crore Vs Rs 304.6 crore
EBITDA zooms 123.5% to Rs 106.6 crore Vs Rs 47.7 crore
Margin expands 1,510 bps to 30.8% Vs 15.7%
Mahindra Lifespace Developers Q2 (Consolidated YoY)
Loss narrows to Rs 14 crore Vs loss of Rs 18.9 crore
Revenue sinks 57.2% to Rs 7.6 crore Vs Rs 17.8 crore
IDFC First Bank Q2 (Standalone YoY)
Profit plunges 73% to Rs 201 crore Vs Rs 751 crore
Net interest income grows 21% to Rs 4,788 crore Vs Rs 3,950 crore
Provisions surges to Rs 1,732 crore Vs Rs 528 crore
Gross NPA rises to 1.92% Vs 1.9% (QoQ)
Net NPA falls to 0.48% Vs 0.59% (QoQ)
JK Cement Q2 (Consolidated YoY)
Profit declines 28.5% to Rs 125.8 crore Vs Rs 176 crore
Revenue slips 7% to Rs 2,560.1 crore Vs Rs 2,752.8 crore
Godawari Power & Ispat Q2 (Consolidated YoY)
Profit declines 38% to Rs 159.1 crore Vs Rs 256.9 crore
Revenue dips 1.8% to Rs 1,267.6 crore Vs Rs 1,291 crore
Rainbow Children’s Medicare Q2 (Consolidated YoY)
Profit grows 25.4% to Rs 78.9 crore Vs Rs 62.9 crore
Revenue increases 25.5% to Rs 417.5 crore Vs Rs 332.7 crore
SBFC Finance Q2 (Standalone YoY)
Profit jumps 59.6% to Rs 83.98 crore Vs Rs 52.6 crore
Net interest income grows 35.9% to Rs 213.5 crore Vs Rs 157.2 crore
Titagarh Rail Systems Q2 (Consolidated YoY)
Profit soars 14.3% to Rs 80.7 crore Vs Rs 70.6 crore
Revenue increases 13% to Rs 1,057 crore Vs Rs 935.5 crore
REC Q2 (Standalone YoY)
Profit grows 6.2% to Rs 4,005.5 crore Vs Rs 3,772.9 crore
Net interest income rises 21.2% to Rs 4,680.4 crore Vs 3,863.2 crore
Central Depository Services Q2 (Consolidated YoY)
Profit zooms 48.6% to Rs 162 crore Vs Rs 109 crore
Revenue grows 55.4% to Rs 322.3 crore Vs Rs 207.3 crore
Yes Bank Q2 (Standalone YoY)
Profit jumps 145.6% to Rs 553 crore Vs Rs 225 crore
Net interest income increases 14.3% to Rs 2,200 crore Vs Rs 1,925 crore
Gross NPA falls to 1.6% Vs 1.7% (QoQ)
Net NPA remains flat at 0.5% (QoQ)
Stocks To Watch
The promoter, Italian-Thai Development Public Company, has entered into a Share Purchase Agreement with Renew Exim DMCC, part of the Adani Group, for the sale of a 46.64% stake at a price of Rs 400 per share. Renew Exim DMCC has also announced an open offer to acquire an additional 26% stake in ITD at Rs 571.68 per share. As of October 25, ITD's stock price was Rs 534.
The pharma company has received approval from the National Company Law Tribunal (NCLT) for the merger of Casper Pharma with itself. Casper Pharma is a wholly owned subsidiary of Suven.
The DMart operator has completed the acquisition of a 26% shareholding in FP Ampere Energy (a wholly owned subsidiary of Fourth Partner Energy) for Rs 2 crore. Following this acquisition, FP Ampere has become an associate company of Avenue Supermarts.
SEBI has issued a show cause notice to Axis Bank and its subsidiaries, Axis Securities and Axis Capital. Axis Bank and its subsidiaries are reviewing the contents of the show cause notice and will be filing responses with SEBI, as the transactions (purchase of shares of Max Life Insurance Company) were undertaken with the requisite regulatory approvals.
The Board has approved the company’s entry into a joint venture agreement with Oil India for developing a city gas distribution (CGD) project in Arunachal Pradesh. There will be a 50:50 shareholding between BPCL and Oil India in the joint venture.
The company's subsidiary, Adani Airport Holdings, has incorporated a subsidiary named Celeritas International FZCO in the UAE for general trading business.
The Board has approved the issuance of bonus shares in the ratio of 9:1 (nine new bonus equity shares for every existing equity share) to the eligible shareholders of the company as of the record date.
KRN Heat Exchanger and Refrigeration
The company's subsidiary, KRN HVAC Products, has entered into a Memorandum of Understanding with the Government of Rajasthan for a proposed investment of Rs 1,000 crore.
Bulk Deals
Societe Generale sold a half-percent stake in the bank at an average price of Rs 1,070.61 per share, amounting to Rs 417.61 crore.
RBS Contracts bought a 1.58% stake in the company from Kachasa Investments at an average price of Rs 580 per share.
Brescon Ventures sold a 0.87% stake in the company at an average price of Rs 4,150 per share, while Nirmal Kumar Deepchand Gangwal offloaded a 2.05% stake at an average price of Rs 4,093.07 per share.
Mainboard Listing on October 28
Waaree Energies, Deepak Builders & Engineers India
SME Listing on October 28
Premium Plast
Stocks Turn Ex-Dividend
ICICI Lombard General Insurance Company, Elecon Engineering, Ksolves India
Stock Trades Ex-Date for Rights
Shangar Decor
Stock Trades Ex-Date for Amalgamation
Jubilant Industries
Stock Trades Ex-Date for Ex-Split
Dr Reddy's Laboratories
Stock Trades Ex-Bonus
Reliance Industries
F&O Ban
Dixon Technologies, IDFC First Bank, L&T Finance, Aarti Industries, Bandhan Bank, Escorts Kubota, IndiaMART InterMESH, Manappuram Finance, NMDC, RBL Bank
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