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:
Coal India, JSW Steel, Bharat Petroleum Corporation, Bank of Baroda, Bandhan Bank, Bharat Electronics, InterGlobe Aviation, Aegis Logistics, Balkrishna Industries, Cholamandalam Investment, DLF, Hindustan Petroleum Corporation, IDBI Bank, Inox Wind, Jammu & Kashmir Bank, Krsnaa Diagnostics, Macrotech Developers, NLC India, Nuvama Wealth Management, Poonawalla Fincorp, Praj Industries, Shriram Finance, Texmaco Rail & Engineering, Torrent Pharmaceuticals, and UTI Asset Management Company will release quarterly earnings scorecard on October 25.
ICICI Bank, IDFC First Bank, Yes Bank, Godawari Power & Ispat, JK Cement, Meghmani Organics, REC, SBFC Finance, Titagarh Rail Systems, and Voltamp Transformers will announce their earnings for July-September quarter on October 26.
ITC Q2 (Standalone YoY)
Profit grows 3.07% to Rs 5,078.3 crore Vs Rs 4,927 crore
Revenue jumps 16.8% to Rs 19,327.7 crore Vs Rs 16,550 crore
EBITDA increases 4.9% to Rs 6,335.2 crore Vs Rs 6,041.6 crore
Margin declines 370 bps to 32.8% Vs 36.5%
IndusInd Bank Q2 (Standalone YoY)
Profit drops 39.2% to Rs 1,325.5 crore Vs Rs 2,181.5 crore
Net interest income grows 5.3% to Rs 5,347.3 crore Vs Rs 5,076.7 crore
Provisions and contingencies jumps 87% to Rs 1,820.1 crore Vs Rs 973.8 crore
Provisions and contingencies spikes 73.4% to Rs 1,820.1 crore Vs Rs 1,049.8 crore (QoQ)
Gross NPA rises to 2.11% Vs 2.02% (QoQ)
Net NPA increases to 0.64% Vs 0.60% (QoQ)
Godrej Consumer Products Q2 (Consolidated YoY)
Profit grows 13.5% to Rs 491.3 crore Vs Rs 432.8 crore
Revenue increases 1.8% to Rs 3,666.3 crore Vs Rs 3,602 crore
EBITDA rises 7.9% to Rs 759.6 crore Vs Rs 704.2 crore
Margin expands 120 bps to 20.7% Vs 19.5%
Company announces interim dividend of Rs 5 per share
Indian Energy Exchange Q2 (Standalone YoY)
Profit jumps 28% to Rs 106.1 crore Vs Rs 82.9 crore
Revenue grows 28.3% to Rs 139.2 crore Vs Rs 108.5 crore
EBITDA surges 30.5% to Rs 120.3 crore Vs Rs 92.2 crore
Margin increases 140 bps to 86.4% Vs 85%
Cyient Q2 (Consolidated QoQ)
Profit zooms 26.4% to Rs 186.6 crore Vs Rs 147.6 crore
Revenue grows 10.3% to Rs 1,849.1 crore Vs Rs 1,675.7 crore
EBIT jumps 15.8% to Rs 230.7 crore Vs Rs 199.2 crore
Margin expands 60 bps to 12.5% Vs 11.9%
Company declares interim dividend of Rs 12 per share for FY25
Cyient acquires Abu Dhabi & Gulf Computer Est, and 27.3% stake in Azimuth AI, a fabless custom ASIC company
NTPC Q2 (Standalone YoY)
Profit jumps 19.66% to Rs 4,649 crore Vs Rs 3,885 crore
Revenue declines 1.3% to Rs 40,327.6 crore Vs Rs 40,875.3 crore
EBITDA falls 8.2% to Rs 9,676.3 crore Vs Rs 10,537.5 cror
Margin drops 180 bps to 24% Vs 25.8%
United Breweries Q2 (Consolidated YoY)
Profit grows 23.5% to Rs 132.33 crore Vs Rs 107.2 crore
Revenue increases 12% to Rs 2,116.72 crore Vs Rs 1,890 crore
JSW Energy Q2 (Consolidated YoY)
Profit increases 2.3% to Rs 876.8 crore Vs Rs 856.8 crore
Revenue declines 0.7% to Rs 3,237.7 crore Vs Rs 3,259.4 crore
PNB Housing Finance Q2 (Consolidated YoY)
Profit grows 22.6% to Rs 470 crore Vs Rs 383 crore
Net interest income rises 1.2% to Rs 669 crore Vs Rs 661 crore
Mahanagar Gas Q2 (Standalone QoQ)
Profit slips 0.6% to Rs 282.8 crore Vs Rs 284.5 crore
Revenue increases 7.7% to Rs 1,711.6 crore Vs Rs 1,589.6 crore
Dixon Technologies Q2 (Consolidated YoY)
Profit jumps 263.2% to Rs 411.7 crore Vs Rs 113.4 crore
Revenue spikes 133.3% to Rs 11,534 crore Vs Rs 4,943.2 crore
Exceptional gain at Rs 209.6 crore Vs Nil
Chalet Hotels Q2 (Consolidated YoY)
Loss stands at Rs 138.5 crore Vs profit at Rs 36.4 crore
Revenue grows 20% to Rs 377 crore Vs Rs 314.5 crore
Tax expenses at Rs 217.93 crore Vs Rs 8 crore
CIE Automotive India Q2 (Consolidated YoY)
Profit increases 4.3% to Rs 194.7 crore Vs Rs 186.7 crore
Revenue falls 6.4% to Rs 2,134.6 crore Vs Rs 2,279.4 crore
Petronet LNG Q2 (Standalone QoQ)
Profit plunges 26% to Rs 847.6 crore Vs Rs 1,141.6 crore
Revenue declines 3% to Rs 13,021.8 crore Vs Rs 13,415.1 crore
Nippon Life India Asset Management Q2 (Consolidated YoY)
Profit surges 47.3% to Rs 360.1 crore Vs Rs 244.4 crore
Revenue spikes 43.7% to Rs 571.3 crore Vs Rs 397.5 crore
Le Travenues Technology (IXIGO) Q2 (Consolidated YoY)
Profit tanks 51% to Rs 13.1 crore Vs Rs 26.7 crore
Revenue grows 26% to Rs 206.5 crore Vs Rs 163.9 crore
Tax expenses at Rs 5.26 crore Vs tax writeback of Rs 0.43 crore
Exceptional gain at Rs 0.83 crore Vs 29.7 crore
DCB Bank Q2 (YoY)
Profit jumps 22% to Rs 155 crore Vs Rs 127 crore
Net interest income rises 7% to Rs 509 crore Vs Rs 476 crore
Gross NPA falls to 3.29% Vs 3.33% (QoQ)
Net NPA drops to 1.17% Vs 1.18% (QoQ)
Patanjali Foods Q2 (Standalone YoY)
Profit jumps 21.4% to Rs 309 crore Vs Rs 254.5 crore
Revenue grows 4.25 to Rs 8,154.2 crore Vs Rs 7,821.9 crore
Oracle Financial Services Software Q2 (Consolidated YoY)
Profit spikes 38.4% to Rs 577.7 crore Vs Rs 417.4 crore
Revenue soars 15.9% to Rs 1,673.9 crore Vs Rs 1,444.5 crore
Stocks To Watch
The Reserve Bank of India has given its approval for the re-appointment of Amitabh Chaudhry as the Managing Director & CEO of Axis Bank for a further three years, effective January 1, 2025.
The Board has appointed S. Balakrishna Kamath as the Chief inancial Officer of the bank. Kamath will take charge on or before January 3, 2025.
Jubilant Pharma's subsidiary, Jubilant Pharma Holdings Inc., USA, has voluntarily prepaid a $25 million term loan, equivalent to Rs 210 crore, from its internal accruals on October 23. Jubilant Pharma is a wholly owned subsidiary of Jubilant Pharmova.
The company has entered into definitive agreements for the conveyance or assignment of lease with Aethon Developers (a subsidiary of Runwal Developers) for the sale of its land parcel at Lower Parel, Mumbai, together with the building thereon, for Rs 726 crore.
Enforcement Directorate officials conducted search activities at the company's office premises in Bengaluru and Chennai. The search process has been completed without any material developments. The company has provided necessary clarifications or details sought by the officials to their satisfaction by extending full cooperation.
Bulk Deals
Tropical Agro System India acquired a 0.84 percent stake, and HDFC Bank bought a 1.27 percent stake in Freshara Agro at an average price of Rs 135 per share.
Unique Asset Management LLP sold a 0.7 percent stake in the company at an average price of Rs 490.02 per share.
Singularity Equity Fund I bought a 1.24 percent stake in the company at an average price of Rs 630.25 per share. However, HI-Tech Housing Projects sold a 0.98 percent stake at the same price.
Stocks Turn Ex-Dividend
LTIMindtree, L&T Technology Services, Allcargo Logistics, Dalmia Bharat, DB Corp
Stocks Trade Ex-Date for Rights
Hindware Home Innovation, PMC Fincorp
Stock Trades Ex-Date for Buyback
Matrimony.com
Stocks Trade Ex-Date for Ex-Split
Mayukh Dealtrade, POCL Enterprises, Sukhjit Starch & Chemicals
F&O Ban
Escorts Kubota, Aarti Industries, Bandhan Bank, Indian Energy Exchange, IndiaMART InterMESH, Manappuram Finance, NMDC, Piramal Enterprises, RBL Bank
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