Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, fund raising and appointments, here’s a quick look at which stocks will be in focus in today's trade:
Quarterly Earnings (Q2 Provisional Numbers)
Titan Company Q2 (YoY)
Total business grows 25%
Jewellery segment rises 26%
Watches & wearables segment shows 20% growth
EyeCare division reports 6% growth
Emerging businesses increase 14%
CaratLane grows 28%
Company adds 75 stores, taking the Group’s retail network to 3,171 stores
Induslnd Bank Q2 (YoY)
Net advances grow 13% to Rs 3.57 lakh crore Vs Rs 3.15 lakh crore
Deposits up 15% at Rs 4.13 lakh crore Vs Rs 3.6 lakh crore
CASA ratio moderates to 35.9% Vs 39.4%
Bandhan Bank Q2 (YoY)
Loans and advances grow 21.4% to Rs 1.31 lakh crore Vs Rs 1.07 lakh crore
Total deposits increase 27.2% to Rs 1.42 lakh crore Vs Rs 1.12 lakh crore
Retail deposits (including CASA) up 16.4% at Rs 96,603 crore Vs Rs 82,981 crore
Bulk deposits increase 57.8% to Rs 45,908 crore Vs Rs 29,098 crore
CASA ratio declines to 33.2% Vs 38.5%
Board approves extension of term of Ratan Kumar Kesh as Interim MD & CEO of the bank, for one-month, effective October 10
Poonawalla Fincorp Q2 (YoY)
Assets under management grow 40% to Rs 28,350 crore
Liquidity stands at Rs 5,700 crore
Jammu & Kashmir Bank Q2 (YoY)
Total business increases 9.2% to Rs 2.34 lakh crore Vs Rs 2.14 lakh crore
Deposits grow 8.96% to Rs 1.38 lakh crore Vs Rs 1.26 lakh crore
Gross advances up 8.3% at Rs 99,344 crore Vs Rs 91,727 crore
CASA ratio moderates to 48.61% Vs 50.61%
AU Small Finance Bank Q2 (QoQ)
Total deposits grow 12.7% to Rs 1.09 lakh crore Vs Rs 97,290 crore
Gross advances jump to Rs 96,030 crore Vs Rs 90,702 crore
CASA deposits increase 10.9% to Rs 35,520 crore Vs Rs 32,035 crore
CASA ratio drops to 32.4% Vs 32.9%
IDBI Bank Q2 (YoY)
Total business surges 15% to Rs 4.78 lakh crore Vs Rs 4.17 lakh crore
Total deposits up 11% at Rs 2.77 lakh crore Vs Rs 2.49 lakh crore
Net advances grow 19% to Rs 2.01 lakh crore Vs Rs 1.68 lakh crore
CASA deposits increase 4% YoY to Rs 1.34 lakh crore Vs Rs 1.28 lakh crore
RBL Bank Q2 (YoY)
Total deposits jump 20% to Rs 1.08 lakh crore Vs Rs 89,780 crore
Advances increase 15% to Rs 89,786 crore Vs Rs 78,170 crore
Retail advances grow 24%
Wholesale advances increases 3%
CASA ratio moderates to 33.5% Vs 35.7%
Godrej Properties Q2 (YoY)
Booking value increases 3% to Rs 5,200 crore from sale of over 5.1 million square feet
Sales growth driven by some key new project launches - Godrej Vrikshya in NCR (Rs 1,500 crore), Godrej Woodside Estate in MMR (Rs 600 crore)
Collections up 68% at over Rs 4,000 crore
OCF jumps 120% to over Rs 1,800 crore
L&T Finance Q2 (YoY)
Retailisation estimated at 96% Vs 88%
Retail disbursements grow 12% to Rs 15,070 crore Vs Rs 13,499 crore
Retail loan book increases 28% to Rs 88,950 crore Vs Rs 69,417 crore
Macrotech Developers Q2 (YoY)
Pre-sales grows 21% to Rs 4,290 crore Vs Rs 3,530 crore
Collections increase 11% to Rs 3,070 crore Vs Rs 2,750 crore
Federal Bank Q2 (YoY)
Advances grow 19.3% to Rs 2.34 lakh crore Vs Rs 1.96 lakh crore
Deposits increase 15.6% to Rs 2.69 lakh crore Vs Rs 2.33 lakh crore
CASA grows 11.5% to Rs 80,923 crore Vs Rs 72,589 crore
CASA ratio moderates to 30.07% Vs 31.17%
Metropolis Healthcare Q2 (YoY)
Revenue grows 13% driven by patient volume growth, test volume growth and change in product mix coupled with realization benefits
B2C revenue up 20% on industry-leading testing capabilities and strong brand appeal among end consumers
Company adds 6 labs and 120 centers
Company is debt free with cash reserves in excess of Rs 180 crore as of September 2024
Indian Bank Q2 (YoY)
Total business increases 9.8% to Rs 12.44 lakh crore Vs Rs 11.33 lakh crore
Deposits grow 8.1% to Rs 6.93 lakh crore Vs Rs 6.41 lakh crore
Gross advances jump 12% to Rs 5.51 lakh crore Vs Rs 4.92 lakh crore
Union Bank of India Q2 (YoY)
Global deposits grow 9.17% to Rs 12.41 lakh crore Vs Rs 11.37 lakh crore
Global gross advances increase 9.63% to Rs 9.28 lakh crore Vs Rs 8.47 lakh crore
Domestic CASA deposits up 2.06% at Rs 3.96 lakh crore Vs Rs 3.88 lakh crore
Domestic deposits jump 8.12% to Rs 12.11 lakh crore Vs Rs 11.2 lakh crore
Domestic advances increase 8.88% to Rs 8.94 lakh crore Vs Rs 8.21 lakh crore
Utkarsh Small Finance Bank Q2 (YoY)
Gross loans grow 28.3% to Rs 19,101 crore Vs Rs 14,892 crore
Deposits increase 39.6% to Rs 19,496 crore Vs Rs 13,965 crore
CASA deposits rise 37.1% to Rs 3,819 crore Vs Rs 2,785 crore
CASA ratio drops to 19.6% Vs 19.9%
Equitas Small Finance Bank Q2 (YoY)
Deposits grow 29.3% to Rs 39,859 crore Vs Rs 30,839 crore
Gross advances up 15.4% at Rs 36,050 crore Vs Rs 31,229 crore
CASA increases 17.4% to Rs 12,184 crore Vs Rs 10,380 crore
CASA ratio declines to 31% Vs 34%
Dhanlaxmi Bank Q2 (YoY)
Advances grow 6.9% to Rs 11,018 crore Vs Rs 10,311 crore
Deposits increase 5.9% to Rs 14,631 crore Vs Rs 13,817 crore
CASA jumps 7.97% to Rs 4,633 crore Vs Rs 4,291 crore
Gold loan rises 29.9% to Rs 3,373 crore Vs Rs 2,596 crore
Ujjivan Small Finance Bank Q2 (YoY)
Deposits grow 17% to Rs 34,046 crore Vs Rs 29,139 crore
CASA increases 26% to Rs 8,822 crore Vs Rs 7,012 crore
CASA ratio improves to 25.9% Vs 24.1%
Gross loan book jumps 14% to Rs 30,344 crore Vs Rs 26,574 crore
Disbursements drop 7% to Rs 5,374 crore Vs Rs 5,749 crore
Adani Wilmar Q2 (YoY)
Edible oil business maintains strong momentum with double-digit volume growth
Food & FMCG segment records revenue growth of 36% led by increased outlet penetration, repeat purchases of food products
Food & FMCG segment excluding G2G business (sales to government-appointed export agencies) revenue growth at 26%
In south zone, its market share reaches 5.5% & touches almost 23% in one of the major metros
Branded sales of pulses, besan, soya nuggets, sugar, poha, and soap show strong double-digit growth
Edible oil volume grows 15%
Food & FMCG volume increases 31%
Industry essentials volume down 16%
Stocks To Watch
SEBI has granted in-principle approval to the company and BlackRock Financial Management Inc to act as co-sponsors and set up the proposed mutual fund.
The company has signed an MoU with AM Green to jointly develop renewable energy projects of up to 2.5 GW and green chemical projects. The partnership focuses on the long-term supply of carbon dioxide (CO2) for eMethanol production and the exploration of hybrid renewable energy projects across India.
The US FDA has issued five observations to the company’s biotech facility in Pune following an inspection conducted between September 25 and October 4. The regulator completed a pre-approval inspection of this facility.
The company’s material subsidiary, AG Enviro Infra Projects, has secured a contract worth Rs 908 crore for door-to-door collection and transportation (C&T) of municipal solid waste from Navi Mumbai Municipal Corporation. The contract is for a duration of nine years.
Sandhya Rani Koochana has resigned as Chief Financial Officer of the company with immediate effect due to personal reasons and preoccupation.
The company has completed the acquisition of a 100% stake in Citizenship Invest, a Dubai-based firm specializing in fast-track investor programs for residency and citizenship across more than 15 countries, for $31 million (Rs 260 crore).
One 97 Communications (Paytm)
Manmeet Singh Dhody has stepped down as Chief Technology Officer - Payments, effective October 4, and has transitioned to a new role as an AI Fellow at the company. The board has approved the appointment of Deependra Singh Rathore as Chief Technology Officer - Payments, effective October 4. Previously, Deependra Singh Rathore served as Senior Vice President - Technology at Paytm.
The board has approved raising up to Rs 1,000 crore through the issuance of equity shares. Additionally, the board has appointed Sunil Kansal as Whole Time Director, effective October 4, re-designated Rajat Agrawal as Chairman and Managing Director, and accepted the resignation of Mahavir Prasad Agarwal as Chairman and Whole Time Director, effective October 5.
Vinay Srivastav has resigned from his position as President of the company, effective October 4.
Mahanagar Telephone Nigam (MTNL)
The State Bank of India has downgraded MTNL's term loan account to a non-performing asset (NPA) as of September 28, due to non-payment of interest and installments. The total outstanding amount is over Rs 325.52 crore as of September 30, with an overdue amount of Rs 281.62 crore.
The public sector lender has closed its Qualified Institutions Placement (QIP) issue on October 4. The board has approved the allotment of 61.01 crore equity shares to eligible qualified institutional buyers (including LIC, ICICI Prudential Life Insurance Company, and Aditya Birla Sun Life Insurance) at a price of Rs 57.36 per share, amounting to Rs 3,500 crore.
CG Power & Industrial Solutions
The company has signed an Asset Purchase Agreement with Renesas Electronics Corporation to acquire its radio frequency components business for $36 million, marking its entry into semiconductor design.
The company has received a work order worth Rs 186.7 crore from the Maharashtra Maritime Board.
Life Insurance Corporation of India has increased its stake in the tyre company from 4.983% to 5.030%. LIC acquired 3 lakh shares, or a 0.047% stake, in Apollo Tyres through open market transactions on October 3.
Netherlands-based parent company Akzo Nobel NV has decided to conduct a strategic review of its portfolio to redeploy capital towards growing its core coatings businesses. The initial focus will be on its decorative paints positions in South Asia. The portfolio review will explore various strategic options, ranging from partnerships or joint ventures to mergers or divestments.
The logistics company has signed an inter-corporate loan agreement with its wholly owned subsidiary, FIT 3PL Warehousing. Through this transaction, the company aims to maximize cash flow within the group to achieve interest cost savings and improve overall profitability.
The company has received a Letter of Intent from Mercedes-Benz India for a dealership in Patna. This dealership will cater to the high-potential geographies of Bihar and Jharkhand, offering sales and after-sales services for Mercedes-Benz cars.
Adani Energy Solutions has incorporated a wholly owned subsidiary, Adani Energy Solutions Global, to explore new business opportunities in transmission projects outside India.
Bulk Deals
Alternate investment fund 3P India Equity Fund 1 has acquired an additional 2.94% stake in the company at an average price of Rs 202.76 per share. Trade Corner also acquired a 0.99% stake in the company at an average price of Rs 193.5 per share.
Foreign portfolio investor ACM Global Fund VCC sold a 0.68% stake in the company at an average price of Rs 455.24 per share.
Non-Resident Indian Bhavook Tripathi sold an 8.45% stake in the company at an average price of Rs 465.15 per share, amounting to Rs 465.15 crore. However, DSP Mutual Fund, Carnelian Bharat Amritkaal Fund, TCSBL as Trustee for Global New Generation Stock Fund, and Sundaram Mutual Fund collectively acquired a 7.1% stake in the company at the same price, valued at Rs 391.89 crore.
Nihar Nandan Nilekani sold 40,000 equity shares in the company at an average price of Rs 8,650.01 per share, amounting to Rs 34.6 crore.
Block Deals
BNP Paribas Financial Markets sold 43.75 lakh equity shares in the private sector lender at an average price of Rs 1,726.2 per share, valued at Rs 755.3 crore, to Morgan Stanley Asia (Singapore) Pte and Citigroup Global Markets Mauritius. Morgan Stanley purchased 17.5 lakh shares, and Citigroup Global acquired 26.25 lakh shares at the same price.
SME Listing on October 7
HVAX Technologies, Saj Hotels
Stocks Turn Ex-Dividend
Jupiter Wagons, KP Energy
Stocks Trade Ex-Bonus
NBCC (India)
Stock Trades Ex-Date for Rights
Geojit Financial Services
F&O Ban
GNFC, Bandhan Bank, Birlasoft, Granules India, Hindustan Copper, Manappuram Finance, RBL Bank
Disclaimer: MoneyControl is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
