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:
State Bank of India, Tata Motors, Power Finance Corporation, Life Insurance Corporation of India, Vedanta, Ola Electric Mobility, Ashok Leyland, Aarti Industries, Bajaj Hindusthan Sugar, Dreamfolks Services, Equitas Small Finance Bank, Fine Organic Industries, Flair Writing Industries, Fortis Healthcare, India Cements, Latent View Analytics, Metropolis Healthcare, MRF, Info Edge, Premier Energies, Samhi Hotels, Tracxn Technologies, and Whirlpool of India will release their quarterly earnings scorecard on November 8.
Asian Paints, Divis Labs, Aurobindo Pharma, Atul Auto, Data Patterns, DOMS Industries, HealthCare Global Enterprises, Krishna Institute of Medical Sciences, Ratnaveer Precision Engineering, TVS Electronics, Utkarsh Small Finance Bank, and Zim Laboratories will announce quarterly earnings on November 9.
Lupin Q2 (Consolidated YoY)
Profit zooms 74.1% to Rs 852.6 crore Vs Rs 489.7 crore
Revenue grows 12.6% to Rs 5,672.7 crore Vs Rs 5,038.6 crore
India Hotels Company Q2 (Consolidated YoY)
Profit zooms 225.6% to Rs 582.7 crore Vs Rs 179 crore
Revenue increases 27.4% to Rs 1,826.1 crore Vs Rs 1,433.2 crore
EBITDA jumps 41.3% to Rs 501.2 crore Vs Rs 354.8 crore
Margin expands 270 bps to 27.4% Vs 24.7%
Exceptional gain at Rs 307.4 crore Vs Nil
Emcure Pharmaceuticals Q2 (Consolidated YoY)
Profit grows 38.2% to Rs 201.5 crore Vs Rs 145.84 crore
Revenue increases 20.4% to Rs 2,002 crore Vs Rs 1,663 crore
EBITDA jumps 15.8% to Rs 380.9 crore Vs Rs 329 crore
Margin drops 80 bps to 19% Vs 19.8%
Rail Vikas Nigam Q2 (Consolidated YoY)
Profit drops 27.3% to Rs 287 crore Vs Rs 394.4 crore
Revenue falls 1.2% to Rs 4,855 crore Vs Rs 4,914.3 crore
EBITDA falls 9% to Rs 271.5 crore Vs Rs 298.3 crore
Margin declines 40 bps to 5.6% Vs 6%
Emami Q2 (Consolidated YoY)
Profit jumps 17.2% to Rs 211 crore Vs Rs 180 crore
Revenue increases 3% to Rs 890.6 crore Vs Rs 864.9 crore
EBITDA grows 7.2% to Rs 250.5 crore Vs Rs 233.7 crore
Margin expands 110 bps to 28.1% Vs 27%
Astral Q2 (Consolidated YoY)
Profit sinks 17.5% to Rs 108.7 crore Vs Rs 131.7 crore
Revenue rises 0.5% to Rs 1,370.4 crore Vs Rs 1,363 crore
EBITDA falls 4.5% to Rs 210.1 crore Vs Rs 220.1 crore
Margin declines 80 bps to 15.3% Vs 16.1%
VA Tech Wabag Q2 (Consolidated YoY)
Profit jumps 17% to Rs 70.3 crore Vs Rs 60.1 crore
Revenue grows 5.3% to Rs 700.3 crore Vs Rs 665 crore
ITD Cementation Q2 (Consolidated YoY)
Profit climbs 34.4% to Rs 72.2 crore Vs Rs 53.7 crore
Revenue increases 23.6% to Rs 1,990.9 crore Vs Rs 1,610.4 crore
Ircon International Q2 (Consolidated YoY)
Profit falls 17.9% to Rs 206 crore Vs Rs 250.8 crore
Revenue declines 19.3% to Rs 2,447.5 crore Vs Rs 3,033.3 crore
Indian Metals & Ferro Alloys Q2 (Consolidated YoY)
Profit jumps 40.1% to Rs 125.2 crore Vs Rs 89.3 crore
Revenue falls 0.1% to Rs 691.9 crore Vs Rs 692.6 crore
Gujarat State Petronet Q2 (Consolidated YoY)
Profit declines 38% to Rs 281.7 crore Vs Rs 454.6 crore
Revenue slips 6.4% to Rs 3,992.1 crore Vs Rs 4,265.2 crore
Nelcast Q2 (Consolidated YoY)
Profit plunges 41% to Rs 9.8 crore Vs Rs 16.6 crore
Revenue declines 7.8% to Rs 330.4 crore Vs Rs 358.3 crore
Cochin Shipyard Q2 (Consolidated YoY)
Profit rises 4% to Rs 188.9 crore Vs Rs 181.5 crore
Revenue grows 13% to Rs 1,143.2 crore Vs Rs 1,011.7 crore
Aditya Birla Fashion & Retail Q2 (Consolidated YoY)
Loss widens to Rs 214.7 crore Vs loss of Rs 200.3 crore
Revenue jumps 13% to Rs 3,644 crore Vs Rs 3,226.4 crore
Cummins India Q2 (Consolidated YoY)
Profit zooms 36.5% to Rs 449.4 crore Vs Rs 329.1 crore
Revenue surges 30.6% to Rs 2,508.6 crore Vs Rs 1,921.6 crore
GR Infraprojects Q2 (Consolidated YoY)
Profit falls 10.9% to Rs 193.6 crore Vs Rs 217.2 crore
Revenue declines 26% to Rs 1,394.3 crore Vs Rs 1,882.8 crore
NHPC Q2 (Consolidated YoY)
Profit plunges 41.2% to Rs 909 crore Vs Rs 1,546 crore
Revenue grows 4.1% to Rs 3,051.9 crore Vs Rs 2,931.3 crore
Tax expenses at Rs 605.22 crore Vs tax writeback at Rs 75 crore
Steel Authority of India Q2 (Consolidated YoY)
Profit drops 31.3% to Rs 897.2 crore Vs Rs 1,305.6 crore
Revenue declines 17% to Rs 24,675.2 crore Vs Rs 29,712 crore
Stocks To Watch
The IT services company has announced the launch of the Google Gemini Experience Zone to accelerate AI-driven innovation for enterprises.
Embassy REIT has appointed Ritwik Bhattacharjee as its interim CEO. Bhattacharjee, who last held the position of Chief Investment Officer at the company, has been associated with the REIT since its listing and was a founding member of the team that helped list Embassy REIT in 2019.
Bulk Deals
T Rowe Price International Discovery Fund sold a 0.74% stake in Teamlease at an average price of Rs 2,749.07 per share, and a 0.8% stake at an average price of Rs 2,747.43 per share, totaling Rs 71.14 crore.
Promoter Kunal Plastics exited Ecoplast by selling its 1.21% shareholding at an average price of Rs 520 per share.
Block Deals
Ace investor Siddhartha Yog bought a 0.38% stake in Trent from Dodona Holdings at an average price of Rs 6,445 per share, valued at Rs 881.68 crore.
Stocks Turn Ex-Dividend
Computer Age Management Services, Dabur India, Dr Agarwals Eye Hospital, IRB Infrastructure Developers, Petronet LNG, REC, TCI Express, Zee Entertainment Enterprises, Bharat Highways InvIT, Brookfield India Real Estate Trust REIT
Stocks Trade Ex-Date for Split
Motisons Jewellers, Roto Pumps
Stock Trades Ex-Date for Bonus & Split
Cropster Agro
F&O ban
Aditya Birla Fashion & Retail, Granules India
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