Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, and resignations, here’s a quick look at which stocks will be in focus in today's trade:
Narayana Hrudayalaya, Tata Investment Corporation, BF Investment, BF Utilities, Last Mile Enterprises, Sonalis Consumer Products, and Sudarshan Pharma Industries will release quarterly earnings on October 31.
Larsen & Toubro Q2 (Consolidated YoY)
Profit grows 5% to Rs 3,395 crore Vs Rs 3,223 crore
Revenue jumps 21% to Rs 61,555 crore Vs Rs 51,024 crore
EBITDA increases 13% to Rs 6,362 crore Vs Rs 5,632 crore
Margin drops 70 bps to 10.3% Vs 11%
Order inflow declines to Rs 80,045 crore Vs Rs 89,153 crore
Tata Power Company Q2 (Consolidated YoY)
Profit increases 5.8% to Rs 926.5 crore Vs Rs 875.5 crore
Revenue falls 0.3% to Rs 15,697.7 crore Vs Rs 15,738 crore
EBITDA jumps 21.1% to Rs 3,745 crore Vs Rs 3,091 crore
Margin expands 430 bps to 23.9% Vs 19.6%
Biocon Q2 (Consolidated YoY)
Profit plunges 84.3% to Rs 27.1 crore Vs Rs 172.7 crore
Revenue grows 3.7% to Rs 3,590.4 crore Vs Rs 3,462.3 crore
EBITDA falls 7.6% to Rs 685.4 crore Vs Rs 741.6 crore
Margin drops 230 bps to 19.1% Vs 21.4%
Other income declines to Rs 32.5 crore Vs Rs 157.9 crore
Biocon Biologics' drug substance facility in Bengaluru classified as Voluntary Action Indicated by USFDA
IRB Infrastructure Developers Q2 (Consolidated YoY)
Profit rises 4.3% to Rs 99.9 crore Vs Rs 95.7 crore
Revenue declines 9.1% to Rs 1,585.8 crore Vs Rs 1,745 crore
EBITDA dips 3.5% to Rs 766.7 crore Vs Rs 794.6 crore
Margin expands 280 bps to 48.3% Vs 45.5%
Other income jumps to Rs 165.8 crore Vs Rs 129.5 crore.
DCM Shriram Q2 (Consolidated YoY)
Profit surges 95.2% to Rs 62.9 crore Vs Rs 32.2 crore
Revenue grows 10.8% to Rs 3,130 crore Vs Rs 2,825.4 crore
EBITDA jumps 58.8% to Rs 181.2 crore Vs Rs 114.1 crore
Margin expands to 5.8% Vs 4%
Company to invest Rs 60 crore for upto 28% stake in one or more special purpose vehicle(s) for setting up a wind solar hybrid renewable power project
Automotive Axles Q2 (YoY)
Profit falls 20.2% to Rs 36 crore Vs Rs 45.1 crore
Revenue declines 15.4% to Rs 494.7 crore Vs Rs 584.4 crore
EBITDA drops 22.6% to Rs 51.1 crore Vs Rs 66 crore
Margin slips 100 bps to 10.3% Vs 11.3%
Stocks To Watch
The technology services and consulting company announced a strategic collaboration with Microsoft and SAP to help clients significantly improve the speed and effectiveness of RISE with SAP migrations on the Microsoft Cloud.
Adani Power has signed a power supply agreement for the supply of 1,496 MW (net) for 25 years with the Maharashtra State Electricity Distribution Company.
Yatharth Hospital and Trauma Care Services
The private super specialty hospital has entered into a strategic collaboration agreement for the acquisition of a 60% stake in a 400-bedded hospital in Faridabad, Haryana. Under the terms of the agreement, Yatharth Hospitals will acquire a 60% stake in MGS Infotech Research & Solutions for Rs 91.20 crore.
Anish T Mathew has resigned as Chief Financial Officer of the company due to personal reasons, effective October 30.
Bulk Deals
Promoter Torrent Investments has offloaded a 1.47% stake in the pharma company at an average price of Rs 3,104.40 and Rs 3,103.07 per share, respectively, valuing the total at Rs 3,086.4 crore.
Madhuri Madhusudan Kela, the wife of ace investor Madhusudan Kela, bought a 0.98% stake in the company at an average price of Rs 335.66 per share. However, Capri Global Capital sold a 0.73% stake at an average price of Rs 327.98 per share.
SME Listing on October 31
Usha Financial Services
Stocks Turn Ex-Dividend
NTPC, Tech Mahindra, Godrej Consumer Products, Balkrishna Industries, Bhansali Engineering Polymers, Birlasoft, Ceenik Exports, Dodla Dairy, IRB InvIT Fund, Julien Agro Infratech, Ramkrishna Forgings, R R Kabel, Supreme Petrochem, Transport Corporation of India
Stock Trades Ex-Date for Bonus and Split
Sellwin Traders
F&O Ban
IDFC First Bank, IndiaMART InterMESH, Punjab National Bank, RBL Bank
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