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:
Mahindra & Mahindra, Lupin, Alembic Pharmaceuticals, Escorts Kubota, Indian Hotels, NHPC, Aavas Financiers, Abbott India, Aditya Birla Fashion and Retail, Astral, Bajaj Electricals, Cochin Shipyard, Cummins India, Emami, Emcure Pharmaceuticals, Innova Captab, IRCON International, ITD Cementation, NCC, Page Industries, Rail Vikas Nigam, SAIL, Baazar Style Retail, Trent, Vijaya Diagnostic Centre, and Va Tech Wabag will announce September quarter earnings on November 7.
Tata Steel Q2 (Consolidated YoY)
Profit stands at Rs 758.8 crore Vs loss of Rs 6,511.2 crore
Revenue falls 3.25 to Rs 53,904.7 crore Vs Rs 55,681.9 crore
EBITDA spikes 43.9% to Rs 6,141.3 crore Vs Rs 4,267.8 crore
Margin expands 370 bps to 11.4% Vs 7.7%
Power Grid Corporation of India Q2 (Consolidated YoY)
Profit rises 0.3% to Rs 3,793 crore Vs Rs 3,781.4 crore
Revenue increases 0.09% to Rs 11,277.8 crore Vs Rs 11,267.1 crore
EBITDA falls 2.1% to Rs 9,701.3 crore Vs Rs 9,908.4 crore
Margin drops 190 bps to 86% Vs 87.9%
Apollo Hospitals Enterprise Q2 (Consolidated YoY)
Profit zooms 59% to Rs 395.7 crore Vs Rs 248.8 crore
Revenue grows 15.3% to Rs 5,589.3 crore Vs Rs 4,846.9 crore
EBITDA jumps 30% to Rs 815.5 crore Vs Rs 627.5 crore
Margin expands 170 bps to 14.6% Vs 12.9%
Chambal Fertilisers and Chemicals Q2 (Consolidated YoY)
Profit surges 40.8% to Rs 536.4 crore Vs Rs 381 crore
Revenue falls 19.3% to Rs 4,346.2 crore Vs Rs 5,385.5 crore
EBITDA zooms 28.5% to Rs 790.2 crore Vs Rs 615 crore
Margin expands 680 bps to 18.2% Vs 11.4%
Gujarat Gas Q2 (Standalone QoQ)
Profit falls 6.92% to Rs 307 crore Vs Rs 329.8 crore
Revenue declines 15% to Rs 3,781.8 crore Vs Rs 4,450.3 crore
EBITDA drops 4% to Rs 514.2 crore Vs Rs 535.6 crore
Margin expands 160 bps to 13.6% Vs 12%
Novelis Q2 (YoY)
Net income drops 18% to $128 million
Net income excluding special items falls 1% to $179 million
Adjusted EBITDA declines 5% to $462 million
Rolled product shipments grow 1% to 945 kilotonnes
India Pesticides Q2 (Consolidated YoY)
Profit zooms 32.9% to Rs 25.9 crore Vs Rs 19.5 crore
Revenue grows 13.3% to Rs 228.8 crore Vs Rs 202 crore
Delta Corp Q2 (Consolidated YoY)
Profit plunges 61.1% to Rs 27 crore Vs Rs 69.4 crore
Revenue falls 28.1% to Rs 187.7 crore Vs Rs 261.1 crore
Kirloskar Ferrous Industries Q2 (Consolidated YoY)
Profit declines 5% to Rs 77.6 crore Vs Rs 81.7 crore
Revenue increases 6.8% to Rs 1,666 crore Vs Rs 1,559.7 crore
Kansai Nerolac Paints Q2 (Consolidated YoY)
Profit plunges 31.8% to Rs 120 crore Vs Rs 175.5 crore
Revenue falls 0.3% to Rs 1,951.4 crore Vs Rs 1,956.5 crore
Sonata Software Q2 (Consolidated QoQ)
Profit increases 0.8% to Rs 106.5 crore Vs Rs 105.6 crore
Revenue falls 14.1% to Rs 2,169.8 crore Vs Rs 2,527.4 crore
Blue Star Q2 (Consolidated YoY)
Profit jumps 35.7% to Rs 96.1 crore Vs Rs 70.8 crore
Revenue increases 20.4% to Rs 2,276 crore Vs Rs 1,890.4 crore
Usha Martin Q2 (Consolidated YoY)
Profit falls 0.2% to Rs 109.3 crore Vs Rs 109.5 crore
Revenue grows 13.6% to Rs 891.2 crore Vs Rs 784.7 crore
Endurance Technologies Q2 (Consolidated YoY)
Profit zooms 31.3% to Rs 203 crore Vs Rs 154.6 crore
Revenue increases 14.4% to Rs 2,912.7 crore Vs Rs 2,545 crore
Avalon Technologies Q2 (Consolidated YoY)
Profit surges 140.1% to Rs 17.5 crore Vs Rs 7.3 crore
Revenue jumps 36.8% to Rs 275 crore Vs Rs 201 crore
Rain Industries Q2 (Consolidated YoY)
Loss widens to Rs 154.9 crore Vs Rs 65.8 crore
Revenue declines 5.4% to Rs 3,934.3 crore Vs Rs 4.160.3 crore
Stocks To Watch
The pharma company announced the opening of its Qualified Institutions Placement (QIP) issue on November 6. The floor price for the issue has been set at Rs 1,162.25 per share.
Polycab has emerged as the lowest bidder for a contract worth Rs 1,549.66 crore from Bharat Sanchar Nigam Limited (BSNL). The contract involves the development of the middle-mile network of BharatNet on a Design, Build, Operate, and Maintain (DBOM) model for Package 7 (Bihar).
The company has signed a technical collaboration agreement with Kunshan GLVAC Yuantong New Energy Technology, a wholly owned subsidiary of China's Kunshan Guoli Electronic Technology. The collaboration is for manufacturing advanced high-voltage direct current (HVDC) contactors and relays in India.
The company has received a drug manufacturing license for its upcoming facility in Jammu, from the Government of Jammu and Kashmir.
Bulk Deals
International Combustion (India)
Pegasus Growth Fund 1 sold a 0.56% stake in the company at an average price of Rs 1,085.81 per share.
Stocks Turn Ex-Dividend
Glaxosmithkline Pharmaceuticals, Navin Fluorine International, Nuvama Wealth Management, Share India Securities, Shriram Finance, Symphony
Stock Trades Ex-Date for Split
Hazoor Multi Projects
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