Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, and appointments, here’s a quick look at which stocks will be in focus in today's trade:
Larsen & Toubro, Tata Power, Dabur India, Biocon, Aditya Birla Capital, 3i Infotech, Aeroflex Industries, AGS Transact Technologies, AIA Engineering, Automotive Axles, DCM Shriram, Grindwell Norton, IRB Infrastructure Developers, KRN Heat Exchanger and Refrigeration, The New India Assurance Company, Paisalo Digital, Procter & Gamble Hygiene & Health Care, Protean eGov Technologies, Prudent Corporate Advisory Services, Sterlite Technologies, and TTK Prestige will announce their September quarter earnings on October 30.
Marico Q2 (Consolidated YoY)
Profit jumps 20.3% to Rs 433 crore Vs Rs 360 crore
Revenue increases 7.6% to Rs 2,664 crore Vs Rs 2,476 crore
EBITDA rises 5% to Rs 522 crore Vs Rs 497 crore
Margin drops 50 bps to 19.6% Vs 20.1%
Voltas Q2 (Consolidated YoY)
Profit zooms 272.6% to Rs 132.8 crore Vs Rs 35.7 crore
Revenue grows 14.2% to Rs 2,619.1 crore Vs Rs 2,292.8 crore
EBITDA jumps 130.8% to Rs 162.2 crore Vs Rs 70.3 crore
EBITDA margin expands 314 bps to 6.2% Vs 3.06%
Profit plunges 60.3% to Rs 132.8 crore Vs Rs 335 crore (QoQ)
Revenue tanks 46.8% to Rs 2,619.1 crore Vs Rs 4,921 crore (QoQ)
Glaxosmithkline Pharmaceuticals Q2 (Consolidated YoY)
Profit jumps 16.1% to Rs 252.5 crore Vs Rs 217.5 crore
Revenue increases 5.6% to Rs 1,010.8 crore Vs Rs 957 crore
EBITDA rises 11.1% to Rs 321.7 crore Vs Rs 289.5 crore
Margin expands 150 bps to 31.8% Vs 30.3%
Company announces special interim dividend of Rs 12 per share
Hitachi Energy India Q2 (YoY)
Profit soars 111.4% to Rs 52.3 crore Vs Rs 24.7 crore
Revenue grows 26.5% to Rs 1,553.7 crore Vs Rs 1,228 crore
EBITDA jumps 68% to Rs 109.7 crore Vs Rs 65.3 crore
Margin expands 174 bps to 7.06% Vs 5.32%
Container Corporation of India Q2 (Consolidated YoY)
Profit falls 0.6% to Rs 366.3 crore Vs Rs 368.5 crore
Revenue rises 4.2% to Rs 2,287.8 crore Vs Rs 2,194.9 crore
Exceptional loss at Rs 33.32 crore Vs Nil
Prestige Estates Projects Q2 (Consolidated YoY)
Profit sinks 77.4% to Rs 192.2 crore Vs Rs 850.9 crore
Revenue rises 3% to Rs 2,304.4 crore Vs Rs 2,236.4 crore
Other income plunges sharply to Rs 119.4 crore Vs Rs 1,019.6 crore
Tax write-back at Rs 51.9 crore Vs tax expenses at Rs 256.4 crore
Capri Global Capital Q2 (Consolidated YoY)
Profit jumps 48.7% to Rs 97 crore Vs Rs 65.2 crore
Net interest income grows 22.2% to Rs 305 crore Vs Rs 249.6 crore
Redington Q2 (Consolidated YoY)
Profit declines 3.5% to Rs 292.9 crore Vs Rs 303.5 crore
Revenue rises 12% to Rs 24,895.6 crore Vs Rs 22,220.2 crore
Motisons Jewellers Q2 (YoY)
Profit jumps 100.6% to Rs 10.4 crore Vs Rs 5.2 crore
Revenue grows 21.3% to Rs 109.3 crore Vs Rs 90.1 crore
Honeywell Automation Q2 (YoY)
Profit declines 5.6% to Rs 115.1 crore Vs Rs 121.9 crore
Revenue slips 7.3% to Rs 1,023.9 crore Vs Rs 1,104.2 crore
MTAR Technologies Q2 (Consolidated YoY)
Profit falls 8.2% to Rs 18.8 crore Vs Rs 20.5 crore
Revenue grows 14% to Rs 190.2 crore Vs Rs 166.8 crore
GHCL Q2 (Consolidated YoY)
Profit increases 8.4% to Rs 154.8 crore Vs Rs 142.8 crore
Revenue falls 1.6% to Rs 792.8 crore Vs Rs 806.1 crore
Other income rises to Rs 17.44 crore Vs Rs 10.56 crore
Tax expenses drop to Rs 41.5 crore Vs Rs 48.62 crore
Welspun Enterprises Q2 (Consolidated YoY)
Profit increases 7.7% to Rs 70.1 crore Vs Rs 65.1 crore
Revenue jumps 22.1% to Rs 788.5 crore Vs Rs 645.7 crore
Board appoints Abhishek Chaudhary as Chief Executive Officer of the company, effective November 4
Board approves acquisition of additional 9.99% equity stake in Welspun Michigan, from Patel Engineering
Godrej Agrovet Q2 (Consolidated YoY)
Profit falls 7.8% to Rs 95.8 crore Vs Rs 103.9 crore
Revenue declines 4.8% to Rs 2,448.8 crore Vs Rs 2,570.9 crore
Linc Q2 (Standalone YoY)
Profit grows 13.9% to Rs 8.8 crore Vs Rs 7.7 crore
Revenue increases 2.6% to Rs 134.6 crore Vs Rs 131.2 crore
Board approves stock split in 1:2 ratio
Board approves 1:1 bonus issue
Laxmi Organic Industries Q2 (Consolidated YoY)
Profit zooms 162.2% to Rs 28.1 crore Vs Rs 10.7 crore
Revenue jumps 18.2% to Rs 771.3 crore Vs Rs 652.3 crore
Laxmi Organic to set n-Butyl Acetate plant at Dehej, Gujarat and Ethyl Acetate plant at Lote, Maharashtra
Kaynes Technology Q2 (Consolidated YoY)
Profit zooms 86.4% to Rs 60.2 crore Vs Rs 32.3 crore
Revenue surges 58.5% to Rs 572.1 crore Vs Rs 360.8 crore
Stocks To Watch
Promoter Torrent Investments is likely to sell up to 2.9% of its stake in Torrent Pharma via block deals, reports CNBC-TV18, quoting sources. The floor price is set at Rs 3,022.71 per share, with a base size of the issue at Rs 2,500 crore and an upsize option of Rs 500 crore. Torrent Investments held a 71.25% stake in Torrent Pharma as of September 2024.
The company's subsidiary, Reliance New Energy, presently holds a 92.01% equity stake in Faradion. Reliance New Energy has acquired the remaining equity stake from the existing shareholders of Faradion on October 28. With this acquisition, Faradion has now become a wholly-owned subsidiary of Reliance New Energy.
The transport infrastructure consultancy has signed a Memorandum of Understanding (MoU) with SAIL-Bokaro Steel Plant (SAIL-BSL), under the Ministry of Steel, to collaborate on project management consultancy for rail connectivity works. These consultancy works involve both existing and new railway tracks across various sites within the Bokaro Steel Plant in Jharkhand.
The company has received approval from the Competition Commission of India (CCI) for the acquisition of the entire stake held by the International Finance Corporation, NYLIM Jacob Ballas India Fund III LLC, and Resurgence PE Investments in Agilus Diagnostics. Agilus is a material subsidiary of the company.
The Board has given its approval for the company to acquire a 91% stake in Tikona Infinet from the existing shareholders for Rs 669.04 crore. The amount will be paid via a cash payout of Rs 374.85 crore and a share swap of Rs 294.19 crore. Tikona provides wireless broadband services for home and enterprise customers in India.
Bulk Deals
Citigroup Global Markets Mauritius sold a 0.53% stake in Ideaforge at an average price of Rs 555.35 per share.
Foreign company Aion Jyoti LLC sold a 0.58% stake in the company at an average price of Rs 34.72 per share.
Block Deals
HDFC Standard Life Insurance Company acquired a 0.38% stake in PNB Housing from Asia Opportunities V (Mauritius) at an average price of Rs 900 per share, valued at Rs 90 crore.
Mainboard Listing on October 30
Godavari Biorefineries
Stocks Turn Ex-Dividend
Mazagon Dock Shipbuilders, CRISIL, Gabriel India, Supreme Industries, India Grid Trust, Anzen India Energy Yield Plus Trust, Mindspace Business Parks REIT
Stock Trades Ex-Date for Ex-Split
Master Trust
Stock Trades Ex-Date for Rights
Asian Petroproducts & Exports
F&O Ban
IDFC First Bank, IndiaMART InterMESH, L&T Finance, Manappuram Finance, Punjab National Bank, 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.
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