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:
Tata Steel, Power Grid Corporation, Apollo Hospitals Enterprise, Aadhar Housing Finance, Jindal Steel & Power, Blue Star, Chambal Fertilisers, Delta Corp, Endurance Technologies, Gandhar Oil Refinery, GE Power India, Gujarat Pipavav Port, Granules India, Gujarat Gas, JB Chemicals, JK Lakshmi Cement, RITES, Sonata Software, TeamLease Services, Thangamayil Jewellery, and Trident will announce quarterly earnings on November 6.
Titan Company Q2 (Consolidated YoY)
Profit plunges 25% to Rs 705 crore Vs Rs 940 crore
Revenue grows 13.3% to Rs 13,215 crore Vs Rs 11,660 crore
EBITDA drops 16.4% to Rs 1,133 crore Vs Rs 1,355 crore
Margin falls 300 bps to 8.6% Vs 11.6%
Dr Reddy’s Laboratories Q2 (Consolidated YoY)
Profit declines 9% to Rs 1,341.5 crore Vs Rs 1,480 crore
Revenue grows 17% to Rs 8,016.2 crore Vs Rs 6,880 crore
Global generics business jumps 17% to Rs 7,157.6 crore Vs Rs 6,108.4 crore
North America revenue rises 17% to Rs 3,728.1 crore Vs Rs 3,177.5 crore
Oil India Q2 (Standalone QoQ)
Profit surges 25% to Rs 1,834.1 crore Vs Rs 1,466.8 crore
Revenue declines 1.6% to Rs 5,246.2 crore Vs Rs 5,331.9 crore
EBITDA falls 11.5% to Rs 2,183.2 crore Vs Rs 2,466 crore
Margin drops 460 bps to 41.6% Vs 46.2%
GAIL India Q2 (Standalone QoQ)
Profit declines 1.9% to Rs 2,671.9 crore Vs Rs 2,724 crore
Revenue dips 2.3% to Rs 32,911.7 crore Vs Rs 33,673.8 crore
EBITDA slips 17.3% to Rs 3,745 crore Vs Rs 4,528.1 crore
Margin drops 200 bps to 11.4% Vs 13.4%
Mankind Pharma Q2 (Consolidated YoY)
Profit zooms 29% to Rs 658.9 crore Vs Rs 511.2 crore
Revenue grows 13.6% to Rs 3,076.5 crore Vs Rs 2,708.1 crore
EBITDA increases 24.5% to Rs 850 crore Vs Rs 682.7 crore
Margin expands 240 bps to 27.6% Vs 25.2%
JK Tyre and Industries Q2 (Consolidated YoY)
Profit tanks 43.8% to Rs 139.8 crore Vs Rs 248.6 crore
Revenue declines 7.08% to Rs 3,621.6 crore Vs Rs 3,897.5 crore
Max Healthcare Institute Q2 (Consolidated YoY)
Profit grows 1.9% to Rs 281.8 crore Vs Rs 276.7 crore
Revenue jumps 25.3% to Rs 1,707.5 crore Vs Rs 1,363.2 crore
Manappuram Finance Q2 (Consolidated YoY)
Profit increases 2% to Rs 572.1 crore Vs Rs 560.7 crore
Revenue climbs 17.4% to Rs 1,727.4 crore Vs Rs 1,471.2 crore
Berger Paints Q2 (Consolidated YoY)
Profit falls 7.6% to Rs 270 crore Vs Rs 292.1 crore
Revenue rises 0.3% to Rs 2,774.6 crore Vs Rs 2,767.3 crore
Datamatics Global Services Q2 (Consolidated YoY)
Profit declines 13.8% to Rs 42.2 crore Vs Rs 48.9 crore
Revenue grows 8% to Rs 406.8 crore Vs Rs 376.8 crore
Stocks To Watch
The Board has given investment approval for the Telangana Super Thermal Power Project Phase-II (3x800 MW), Gadarwara Super Thermal Power Project Stage-II (2x800 MW), and Nabinagar Super Thermal Power Project Stage-II (3x800 MW), at an appraised current estimated cost of Rs 79,738.45 crore.
The world’s largest two-wheeler manufacturer unveiled a range of new motorcycles and an electric scooter at EICMA 2024. The company also announced its plans to enter multiple European and UK markets by the second half of 2025. Additionally, it plans to expand its range to include high-capacity premium internal combustion engine (ICE) motorcycles.
The company has received an order worth Rs 89.20 crore from the state-run Singareni Collieries Company for the supply of SME explosives, LDC explosives, and accessories for use in overburden (OB) blasting at various opencast projects of Singareni Collieries. The order will be delivered over a period of 2 years.
Southwark Council has partnered with Infosys to provide digital learning platforms for residents, colleges, and schools. The Infosys Springboard digital inclusion platform will help residents gain critical digital and employability skills.
The stock exchanges have suspended the trading of Coffee Day Enterprises securities, effective November 5. The company has met the criteria for additional surveillance measures (ASM) under the Insolvency and Bankruptcy Code (IBC). The securities will be traded only once a week (every Monday or the first trading day of the week) until further review by the stock exchanges, following a minimum period of 1 month in IBC Stage I.
Block Deals
Motilal Oswal Financial Services
Tata Mutual Fund has acquired a 0.06% stake in Motilal Oswal Financial Services from Motilal Oswal Foundation, at an average price of Rs 933.3 per share, amounting to Rs 35 crore.
Stocks Turn Ex-Dividend
Hindustan Unilever, Cyient, ADF Foods, Ajanta Pharma, Alldigi Tech, Laurus Labs, LT Foods, Nippon Life India Asset Management, RailTel Corporation of India, Siyaram Silk Mills
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