Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, and order wins, here’s a quick look at which stocks will be in focus in today's trade:
Oil and Natural Gas Corporation, Britannia Industries, Hindalco Industries, Shree Cement, Bank of India, Azad Engineering, Bajaj Consumer Care, Balrampur Chini Mills, BEML, Campus Activewear, Devyani International, Godfrey Phillips, Graphite India, Hindustan Copper, Jubilant FoodWorks, NMDC, Parag Milk Foods, Apeejay Surrendra Park Hotels, Ramco Cements, Triveni Turbine, TVS Supply Chain Solutions, UPL, and Zydus Wellness will announce their September quarter earnings on November 11.
Tata Motors Q2 (Consolidated YoY)
Profit falls 11.2% to Rs 3,343 crore Vs Rs 3,764 crore
Revenue declines 3.5% to Rs 1,01,450 crore Vs Rs 1,05,129 crore
EBITDA drops 11.7% to Rs 12,159 crore Vs Rs 13,769 crore
Margin dips 110 bps to 12% Vs 13.1%
Company remains cautious on near-term domestic demand
Company expects all-round improvement in performance in H2 FY25
Business to become net debt free by this year
JLR's full year guidance for revenue remains unchanged at 30 billion pound, EBIT margin at 8.5%
Asian Paints Q2 (Consolidated YoY)
Profit sinks 43.7% to Rs 694 crore Vs Rs 1,232.4 crore
Revenue slips 5.3% to Rs 8,027.5 crore Vs Rs 8,478.6 crore
EBITDA declines 27.8% to Rs 1,239.5 crore Vs Rs 1,716.2 crore
Margin drops 480 bps to 15.4% Vs 20.2%
Divis Laboratories Q2 (Consolidated YoY)
Profit zooms 46.6% to Rs 510 crore Vs Rs 348 crore
Revenue grows 22.5% to Rs 2,338 crore Vs Rs 1,909 crore
EBITDA jumps 49.8% to Rs 716 crore Vs Rs 479 crore
Margin expands 550 bps to 30.6% Vs 25.1%
Life Insurance Corporation of India Q2 (Consolidated YoY)
Profit declines 3.8% to Rs 7,728.7 crore Vs Rs 8,030.3 crore
Net premium income grows 11.5% to Rs 1,20,326 crore Vs Rs 1,07,877 crore
First year premium increases 12.1% to Rs 11,244.8 crore Vs Rs 10,032 crore
Renewal premium rises 3.8% to Rs 62,235.5 crore Vs Rs 59,961 crore
Net commission soars 8% to Rs 6,570.7 crore Vs Rs 6,087.7 crore
Whirlpool of India Q2 (Consolidated YoY)
Profit jumps 40.1% to Rs 53.5 crore Vs Rs 38.2 crore
Revenue grows 12.6% to Rs 1,713 crore Vs Rs 1,521.6 crore
EBITDA increases 19% to Rs 87 crore Vs Rs 73.2 crore
Margin expands to 5.07% Vs 4.8%
Other income rises to Rs 49.3 crore Vs Rs 33.9 crore
Ola Electric Mobility Q2 (Consolidated YoY)
Loss narrows to Rs 495 crore Vs loss of Rs 524 crore
Revenue jumps 39% to Rs 1,214 crore Vs Rs 873 crore
EBITDA loss narrows to Rs 379 crore vs loss of Rs 435 crore
Ola Electric Mobility Q2 (Consolidated QoQ)
Loss widens to Rs 495 crore Vs Rs 347 crore
Revenue drops 26.2% to Rs 1,214 crore Vs Rs 1,644 crore
EBITDA loss increases to Rs 379 crore Vs loss of Rs 205 crore
Metropolis Healthcare Q2 (Consolidated YoY)
Profit jumps 31.2% to Rs 46.5 crore Vs Rs 35.5 crore
Revenue grows 13.4% to Rs 349.8 crore Vs Rs 308.5 crore
Fortis Healthcare Q2 (Consolidated YoY)
Profit rises 1.6% to Rs 176.5 crore Vs Rs 173.7 crore
Revenue increases 12.3% to Rs 1,988.4 crore Vs Rs 1,770 crore
Exceptional loss at Rs 60 crore Vs exceptional gain of Rs 3.7 crore
CE Info Systems Q2 (Consolidated YoY)
Profit falls 8.3% to Rs 30.4 crore Vs Rs 33.1 crore
Revenue grows 13.8% to Rs 103.7 crore Vs Rs 91.1 crore
Aarti Industries Q2 (Consolidated YoY)
Profit plunges 42.9% to Rs 52 crore Vs Rs 91 crore
Revenue jumps 12% to Rs 1,628 crore Vs Rs 1,454 crore
EBITDA declines 15.5% to Rs 197 crore Vs Rs 233 crore
Margin drops 390 bps to 12.1% Vs 16%
Welspun Corp Q2 (Consolidated YoY)
Profit tanks 26.8% to Rs 283 crore Vs Rs 386.6 crore
Revenue falls 18.7% to Rs 3,301.8 crore Vs Rs 4,059.5 crore
EBITDA rises 0.02% to Rs 399.6 crore Vs Rs 399.5 crore
Margin expands 230 bps to 12.1% Vs 9.8%
Archean Chemical Industries Q2 (Consolidated YoY)
Profit plunges 76.2% to Rs 15.7 crore Vs Rs 66 crore
Revenue declines 17.2% to Rs 240.5 crore Vs Rs 290.5 crore
EBITDA slips 21.7% to Rs 74.7 crore Vs Rs 95.5 crore
Margin drops 190 bps to 31% Vs 32.9%
Advanced Enzyme Technologies Q2 (Consolidated YoY)
Profit declines 4.6% to Rs 32.8 crore Vs Rs 34.4 crore
Revenue slips 7.4% to Rs 146.1 crore Vs Rs 157.8 crore
EBITDA drops 17.3% to Rs 42.4 crore Vs Rs 51.3 crore
Margin dips 350 bps to 29% Vs 32.5%
Utkarsh Small Finance Bank Q2 (YoY)
Profit falls 55% to Rs 51.4 crore Vs Rs 114.4 crore
Net interest income rises 26.4% to Rs 558.2 crore Vs Rs 441.5 crore
Provisions and contingencies spike to Rs 208.3 crore Vs Rs 83.3 crore
Tax expenses decline to Rs 16.7 crore Vs Rs 40 crore
Aurobindo Pharma Q2 (Consolidated YoY)
Profit grows 8.6% to Rs 817 crore Vs Rs 752 crore
Revenue increases 8% to Rs 7,796 crore Vs Rs 7,219.4 crore
EBITDA jumps 11.6% to Rs 1,566 crore Vs Rs 1,403 crore
Margin expands 65 bps to 20.1% Vs 19.4%
Akums Drugs and Pharmaceuticals Q2 (Consolidated YoY)
Profit spikes 103.9% to Rs 66.7 crore Vs Rs 32.7 crore
Revenue declines 12.5% to Rs 1,033 crore Vs Rs 1,181.3 crore
DOMS Industries Q2 (Consolidated YoY)
Profit surges 42.5% to Rs 51.3 crore Vs Rs 36 crore
Revenue increases 19.7% to Rs 457.8 crore Vs Rs 382.4 crore
Data Patterns (India) Q2 (YoY)
Profit drops 10.4% to Rs 30.3 crore Vs Rs 33.8 crore
Revenue declines 16% to Rs 91 crore Vs Rs 108.31 crore
Ratnaveer Precision Engineering Q2 (YoY)
Profit zooms 54% to Rs 12.3 crore Vs Rs 8 crore
Revenue surges 61.4% to Rs 230 crore Vs Rs 142.5 crore
Affle India Q2 (Consolidated YoY)
Profit jumps 38% to Rs 92 crore Vs Rs 66.8 crore
Revenue increases 26% to Rs 542.9 crore Vs Rs 431.3 crore
Atul Auto Q2 (Consolidated YoY)
Profit declines 35.9% to Rs 4.57 crore Vs Rs 7.13 crore
Revenue jumps 18.6% to Rs 181.7 crore Vs Rs 153.2 crore
Archean Chemical Industries Q2 (consolidated YoY)
Profit drops 76.2% to Rs 15.7 crore Vs Rs 66 crore
Revenue declines 17.2% to Rs 240.5 crore Vs Rs 290.5 crore
Stocks to Watch
The company has received an export order worth Rs 460.3 crore from Lockheed Martin Global Inc., USA, for the supply of electronic assemblies.
The Ministry of Coal has terminated the Coal Block Development and Production Agreement with JSW Steel for the Banai & Bhalumuda coal block in Mand-Raigarh. After acquiring the block and conducting a detailed feasibility study, the company concluded that the mine was not suitable from a techno-commercial perspective. Consequently, it decided not to proceed with the investment to develop the coal block. JSW Steel had been declared the preferred bidder in the auction of this coal block in March 2023.
The company has emerged as the lowest bidder for BSNL’s BharatNet Phase 3 project, valued at Rs 867.54 crore. The project involves the design, supply, construction, installation, upgradation, operation, and maintenance of the middle-mile network for BharatNet in Kerala.
The telecom manufacturing company with consortium partner has emerged as the lowest bidder for Package number 15 of the BharatNet Phase-3 project, which includes Arunachal Pradesh, Nagaland, and Manipur, with an order value of Rs 1,537 crore. Additionally, it has also been awarded the lowest bid for Package number 8 in Himachal Pradesh and Package number 9 in West Bengal and the Andaman and Nicobar Islands, with a total order value of Rs 3,022 crore. BSNL had invited tenders for the design, supply, construction, installation, upgradation, operation, and maintenance of the middle-mile network of the BharatNet Phase-3 project under a design, build, operate, and maintain (DBOM) model.
The company in partnership with ITI as a consortium partner, has participated in the bids for the BharatNet Phase-3 project. The company emerged as the lowest bidder for the project in Himachal Pradesh (Package 8), West Bengal, and Andaman & Nicobar (Package 9), with a total order value of Rs 3,022 crore.
The company has signed an enabling Memorandum of Understanding (MoU) with the Government of Rajasthan to establish a 1,000 MW ultra mega solar park project with integrated battery storage. This project is expected to take 2-3 years to execute and will contribute to RMC’s target of implementing 1 GW of greenfield projects.
The product engineering and digital transformation services company is set to acquire the hardware and software services business of Borqs Technologies, Inc., a global provider of embedded software and products for the Internet of Things (IoT).
The company has entered into an agreement with the Department of Agriculture, Uttar Pradesh Government, for the implementation of a weather information network and data system (WINDS).
The company has received export orders worth Rs 580 crore for the supply of defence products. These products will be delivered over a period of 5 years.
Krishna Institute of Medical Sciences (KIMS)
The company has entered into an operations and management agreement with Insignia Healthcare for an initial term of 15 years, with an option to extend for a further 10 years. This agreement pertains to the operation and management of a newly constructed super specialty hospital with a capacity of approximately 150 beds in Guntur, Andhra Pradesh.
Zaggle has signed an agreement with Can Fin Homes to provide an expense management platform and employee benefits (Zaggle Zoyer Petty Cash & Zaggle Save) for the branches and employees of Can Fin Homes, respectively.
The Board has approved the company’s expansion of production capacity for chlorinated polyvinyl chloride resin (CPVC Resin) and epichlorohydrin at its facility in Dahej, Gujarat.
Stocks Turn Ex-Dividend
DCM Shriram, TD Power Systems
F&O ban
Aditya Birla Fashion & Retail, Granules India, Manappuram Finance
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