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, Coal India, Hindustan Petroleum Corporation, LIC Housing Finance, PB Fintech, APL Apollo Tubes, Apollo Pipes, Bharat Heavy Electricals, Brigade Enterprises, CG Power and Industrial Solutions, Fino Payments Bank, Five-Star Business Finance, PNGS Gargi Fashion Jewellery, HeidelbergCement India, Le Travenues Technology, Laxmi Organic Industries, Mahanagar Gas, NLC India, NMDC, NTPC Green Energy, Quess Corp, Radico Khaitan, RailTel Corporation of India, Steel Authority of India, Sanofi India, United Breweries, and Varun Beverages will announce their quarterly earnings on October 29.
Shree Cement Q2 (Consolidated YoY)
Profit zooms 303.6% to Rs 308.5 crore Vs Rs 76.44 crore
Revenue grows 17.4% to Rs 4,761 crore Vs Rs 4,054.2 crore
EBITDA soars 58.8% to Rs 974 crore Vs Rs 613.5 crore
EBITDA margin expands to 20.45% Vs 15.13%
Jindal Steel Q2 (Consolidated YoY)
Profit falls 25.9% to Rs 638.2 crore Vs Rs 860.9 crore
Revenue grows 4.2% to Rs 11,685.9 crore Vs Rs 11,213.3 crore
Board approves appointment of Gautam Malhotra as Chief Executive Officer
Tata Capital Q2 (Consolidated YoY)
Profit rises 17% to Rs 1,128 crore Vs Rs 965 crore
Net interest income increases 23% to Rs 2,637 crore Vs Rs 2,139 crore
Net total income jumps 28% to Rs 3,330 crore Vs Rs 2,599 crore
Assets under management soars 22% to Rs 2.15 lakh crore Vs Rs 1.76 lakh crore
Mahindra and Mahindra Financial Services Q2 (Consolidated YoY)
Profit zooms 45.1% to Rs 566 crore Vs Rs 390 crore
Net interest income grows 18% to Rs 2,829 crore Vs Rs 2,403 crore
Premier Energies Q2 (Consolidated YoY)
Profit soars 71.6% to Rs 353.4 crore Vs Rs 205.9 crore
Revenue grows 20.3% to Rs 1,836.9 crore Vs Rs 1,527.2 crore
DCM Shriram Q2 (Consolidated YoY)
Profit surges 151.2% to Rs 158 crore Vs Rs 62.9 crore
Revenue increases 9.7% to Rs 3,432.4 crore Vs Rs 3,130 crore
Ideaforge Technology Q2 (Consolidated YoY)
Loss widens to Rs 19.6 crore Vs Rs 13.7 crore
Revenue grows 9.9% to Rs 40.8 crore Vs Rs 37.1 crore
Happiest Minds Technologies Q2 (Consolidated YoY)
Profit rises 9% to Rs 54 crore Vs Rs 49.5 crore
Revenue soars 10% to Rs 573.6 crore Vs Rs 521.6 crore
Novartis India Q2 (YoY)
Profit spikes 18.7% to Rs 24.2 crore Vs Rs 20.4 crore
Revenue increases 3.7% to Rs 90.3 crore Vs Rs 87.1 crore
Sundram Fasteners Q2 (Consolidated YoY)
Profit rises 5.9% to Rs 150.9 crore Vs Rs 142.5 crore
Revenue grows 2.4% to Rs 1,521 crore Vs Rs 1,486 crore
CreditAccess Grameen Q2 (Consolidated YoY)
Profit falls 32.4% to Rs 125.8 crore Vs Rs 186 crore
Net interest income rises 6.2% to Rs 1,028.8 crore Vs Rs 968.7 crore
Star Health and Allied Insurance Company Q2 (YoY)
Profit sinks 50.7% to Rs 54.9 crore Vs Rs 111.3 crore
Gross premium written rises 1.2% to Rs 4,423.8 crore Vs Rs 4,371.3 crore
Net premium earned grows 10.2% to Rs 4,080.8 crore Vs Rs 3,703.9 crore
Net commission zooms 25.9% to Rs 690.9 crore Vs Rs 548.9 crore
Blue Dart Express Q2 (Consolidated YoY)
Profit jumps 29.5% to Rs 81.4 crore Vs Rs 62.8 crore
Revenue increases 7% to Rs 1,549.3 crore Vs Rs 1,448.5 crore
Go Digit General Insurance Q2 (YoY)
Profit spikes 30.2% to Rs 116.5 crore Vs Rs 89.5 crore
Gross premium written grows 12.6% to Rs 2,667.5 crore Vs Rs 2,368.6 crore
Net premium earned increases 10.4% to Rs 2,088.2 crore Vs Rs 1,891.2 crore
Net commission rises 5.2% to Rs 602.6 crore Vs Rs 572.6 crore
Adani Total Gas Q2 (Consolidated YoY)
Profit falls 11.9% to Rs 163.5 crore Vs Rs 185.6 crore
Revenue jumps 19.6% to Rs 1,576.4 crore Vs Rs 1,318.4 crore
Adani Green Energy Q2 (Consolidated YoY)
Profit grows 25% to Rs 644 crore Vs Rs 515 crore
Revenue rises 0.1% to Rs 3,008 crore Vs Rs 3,005 crore
TVS Holdings Q2 (Consolidated YoY)
Profit zooms 59.2% to Rs 442.9 crore Vs Rs 278.3 crore
Revenue increases 27.1% to Rs 14,549.2 crore Vs Rs 11,450 crore
Stocks to Watch
The real estate developer has raised Rs 875 crore through a private placement of non-convertible debentures (NCDs) to the International Finance Corporation (IFC). The proceeds will be used for the development of mid-income and sustainable housing projects and for the reduction of existing debt.
The company has signed a partnership with Bharat Petroleum Corporation (BPCL) and Numaligarh Refinery (NRL) to boost growth across refining, petrochemicals, and logistics infrastructure.
Oil India and BPCL have entered into a collaborative framework for building the Rs 1 lakh crore integrated Ramayapatnam Greenfield Refinery & Petrochemical project, the first of its kind in South India. Additionally, Oil India has signed a pact with BPCL and NRL for a Rs 3,500 crore cross-country product evacuation pipeline following the NRL refinery expansion.
Girish Kousgi, Managing Director and CEO of the company, has vacated his office on October 28. Regulatory approvals are currently underway for the appointment of a new Managing Director & CEO.
In the meantime, Jatul Anand, Executive Director, will lead the team under the guidance of the Board, chaired by D Surendran, Nominee Director from Punjab National Bank.
V Prasada Raju has resigned as Managing Director and Director of the company, effective October 28.
The Board has approved the appointment of Himanshu Agarwal, currently serving as Chief Financial Officer, as an Additional Director of the company for a five-year term, effective October 29. He will also be designated as Whole-time Director and Chief Financial Officer of the company.
The company, through its subsidiary ArisUnitern RE Solutions, has announced strategic partnerships with Mumbai-based Transcon Group and Bengaluru-based Amogaya Projects. These partnerships further strengthen its integrated model across material supply and value-added services and aim to unlock over Rs 12,000 crore in real estate value.
Swan Defence and Heavy Industries
Mazagon Dock Shipbuilders has signed an exclusive Teaming Agreement (TA) with Swan Defence for collaboration in the design and construction of Landing Platform Docks (LPDs) for the Indian Navy.
Block Deals
Jomei Investments, a special purpose vehicle owned by Advent International Corporation, has exited Aditya Birla Capital by selling its entire 5.32 crore equity shares (2.04% stake) via two block deals at Rs 308 per share, valued at Rs 1,638.6 crore.
These 5.32 crore shares were bought by a total of 15 foreign and domestic institutional investors, including Goldman Sachs, Plutus Wealth Management, Morgan Stanley, Norges Bank (on account of the Government Pension Fund Global), Société Générale, Viridian Asia Opportunities Master Fund, HDFC Life Insurance Company, ICICI Prudential Life Insurance Company, ITI Mutual Fund, Motilal Oswal AMC, and SBI Mutual Fund.
Bulk Deals
India Opportunities Growth Fund – Pinewood Strategy sold 1.53 lakh shares (0.54% stake) at Rs 87.76 per share, amounting to Rs 1.3 crore.
BofA Securities Europe SA acquired 2.1 lakh shares (0.53% stake) in Tolins Tyres at Rs 189.99 per share, valued at Rs 3.98 crore.
Stock in F&O ban
Sammaan Capital
Stock Out of F&O ban
SAIL
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