Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, appointments, and resignations, here’s a quick look at which stocks will be in focus in today's trade:
Bondada Engineering, Challani Capital, Lykis, and Nutraplus India will release their quarterly earnings on November 1
Zen Technologies, Asutosh Enterprises, Bengal Steel Industries, Incap, and Kisaan Parivar Industries will announce their quarterly earnings scorecard on November 2.
Narayana Hrudayalaya Q2 (Consolidated YoY)
Profit falls 12.3% to Rs 198.8 crore Vs Rs 226.7 crore
Revenue rises 7.3% to Rs 1,400 crore Vs Rs 1,305.2 crore
EBITDA increases 0.1% to Rs 308.4 crore Vs Rs 308.1 crore
Margin drops 160 bps to 22% Vs 23.6%
Board reappoints Emmanuel Rupert as the Managing Director and Group Chief Executive Officer of the company for 3 years, effective February 11, 2025.
Tata Investment Corporation Q2 (Consolidated YoY)
Profit increases 0.1% to Rs 123.7 crore Vs Rs 123.5 crore
Revenue jumps 15.03% to Rs 142.5 crore Vs Rs 123.9 crore
AGS Transact Technologies Q2 (Consolidated YoY)
Profit stands at Rs 15.17 crore Vs loss Rs 60.9 crore
Revenue drops 6.6% to Rs 351.7 crore Vs Rs 376.5 crore
Stocks To Watch
Auto Stocks
Auto Stocks: Tata Motors, Maruti Suzuki, Eicher Motors, Escorts Kubota, Mahindra and Mahindra, Hero MotoCorp, Bajaj Auto, TVS Motor, and Ashok Leyland will be in focus ahead of October sales numbers.
The company has invested Rs 300 crore in its subsidiary, Aegis Vopak Terminals. The subsidiary has allotted 1,27,65,957 equity shares to Aegis Logistics at a price of Rs 235 per share through preferential allotment. Following this investment, the company's shareholding in its subsidiary has increased from 50.55% to 51.14%.
Jalaj Sharma has resigned as Head of Technical Operations (Formulations) of the company, effective October 31, to pursue opportunities outside the company.
The company has appointed Kailash Chand Birla as Head of Growth, Expansion & Projects, and Udaiy Khanna as Head of Human Resources, effective November 1.
The company has commenced commercial operations of a new multi-brand store under the brand name 'Bajaj Electronics' in Rajampet, Andhra Pradesh.
The company has filed draft papers with the BSE to raise Rs 25 crore via a further public offering on the BSE SME platform.
Hari Singh Chauhan has resigned as Chief Executive Officer of the company, effective October 31, due to personal reasons.
Bulk Deals
Genesys International Corporation
Promoter Kadam Holding sold a 3% stake in Genesys at an average price of Rs 755.77 per share and a 0.82% stake at an average price of Rs 777.95 per share. However, Discovery Global Opportunity Mauritius bought a 1.13% stake at an average price of Rs 750 per share.
Incofin India Progress Fund, the alternate investment fund, sold a 0.52% stake in the company at an average price of Rs 111.75 per share.
Block Deals
Societe Generale bought a 0.2% stake in Tilaknagar at an average price of Rs 287.8 per share from BOFA Securities Europe SA. As of September 2024, Societe Generale held a 1.83% stake, while BOFA Securities owned a 1.38% stake in the company.
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