On October 29, the Sensex and Nifty bounced back in the latter half of the trading session, finishing higher thanks to gains in financial and construction stocks. In contrast, the auto, IT, and pharma sectors faced selling pressure. At close, the Sensex was up 363.99 points or 0.45 percent at 80,369.03, and the Nifty was up 127.60 points or 0.52 percent at 24,466.80. About 2,171 shares rose, 1,533 fell, and 121 remained unchanged.
2/11
Kalpataru Projects International | CMP: Rs 1,259 | Shares soared 7 percent, buoyed by the company's strong earnings for the September quarter. Aided by its robust order book, the company's net profit surged close to 40 percent on year to Rs 125.6 crore for the July-September quarter while revenue grew 9.1 percent to Rs 4,930 crore. Operational performance also significantly improved as EBITDA margin swelled up to 6.9 percent in the quarter gone by, as against 5.3 percent in the corresponding period of the previous fiscal.
3/11
JSW Infrastructure | CMP: Rs 316.05 | Shares soared as much as 10 percent after the company reported an impressive set of earnings for the July-September quarter. The company's net profit surged 46 percent on year to Rs 372 crore in Q2, up from Rs 254.4 crore in the year ago period. Revenue from operations climbed 18 percent to Rs 1,001.4 crore, up from Rs 848.3 crore in Q2 of the previous fiscal. Operational performance also significantly improved as EBITDA margin swelled up to 67.5 percent in the quarter gone by, as against 53.8 percent in the corresponding period of the previous fiscal.
4/11
Bharat Electronics | CMP: Rs 283.40 | Shares surged 5 percent after the defence and aerospace company's fiscal second-quarter earnings beat Street estimates, driven by better-than-expected margin performance. BEL posted a standalone net profit of Rs 1,091.27 crore in Q2FY25, a 34 percent on-year. Revenue from operations rose 14.8 percent YoY to Rs 4,583.41 crore, led by a strong order book. The company reported an EBITDA of Rs 1,399 crore with a margin of 30.4 percent.
Gillette India | CMP: Rs 9,399 | Shares soared over 10 percent after the grooming products maker reported a 43.5 percent rise in net profit to Rs 133.01 crore for the quarter ended September 2024, led by a broad-based growth. The company's revenue from operations increased 17.11 per cent YoY to Rs 781.82 crore. "The growth has been broad-based amidst continuing green shoots in rural markets," the company said in its statement. Gillette India's total expenses rose 11 percent in the July-September quarter to Rs 611.62 crore.
6/11
Spandana Sphoorty | CMP: Rs 377.90 | Shares plunged 18 percent after the microfinance (MFI) lender reported a net loss of Rs 204 crore for the quarter ended September 30, 2024, compared to a net profit of Rs 116 crore in the year-ago period. Nuvama Institutional Equities has cut its target price on Spandana Sphoorty stock by 42 percent to Rs 520 from Rs 900 earlier, citing MFI stress that is likely to continue in in the current quarter with respite likely only in Q4FY25.
7/11
Suzlon Energy | CMP: Rs 68.90 | Shares fell 3 percent following its earnings results for the quarter ended September. Suzlon Energy reported 96% jump in net profit at Rs 201 crore for the quarter ended September 30, 2024 due to record order wins and robust margins. The renewable energy firm said its revenue rose 48% to Rs 2,093 crore in Q2FY25. The company said its EBITDA rose 31% to Rs 294 crore and order book was at all‐time high 5.1 GW including "India’s largest wind order from NTPC". But EBITDA margin declined to 14.1 per cent from 15.9 per cent in the same quarter last year.
8/11
J.Kumar Infraprojects | CMP: Rs 750.55 | Shares rose 4 percent following the company's strong quarterly earnings for Q2FY25. The consolidated net profit increased by 23 percent year-on-year to Rs 90.2 crore, while revenue from operations rose 17 percent to Rs 1,292 crore. The company reported an 18 percent year-on-year increase in EBITDA to Rs 188 crore, with EBIT rising 26 percent to Rs 155 crore. J.Kumar Infra's debt-to-equity ratio remains manageable at 0.28x as of September 30.
Ola Electric | CMP: Rs 76.64 | Shares of the recently listed firm fell over 2 percent to slip below their IPO price, for the first time ever since its listing. The stock has declined in three out of the last four trading sessions and in eight out of the last 11 trading sessions.
10/11
Ami Organics | CMP: Rs 1,810 | Shares of the company zoomed over 12 percent after reporting its September quarter results. The stock witnessed buying interest after the company registered a profit in the second quarter of FY25, compared to a loss in Q2 of FY24.
11/11
Federal Bank | CMP: Rs 200.80 | The stock jumped over 8 percent after the private lender surged 11 percent on-year to Rs 991 crore. Total income also increased to Rs 7,541 crore in Q2FY25, compared to Rs 6,186 crore.
![Gillette India | CMP: rs xxx | Shares soared up to 10 percent after the grooming products maker reported a 43.5 percent rise in net profit to Rs 133.01 crore for the quarter ended September 2024, led by a broad-based growth. The company's revenue from operations increased 17.11 per cent YoY to Rs 781.82 crore. "The growth has been broad-based amidst continuing green shoots in rural markets," the company said in its statement. Gillette India's total expenses rose 11 percent in the July-September quarter to Rs 611.62 crore.](https://images.moneycontrol.com/static-mcnews/2017/03/Gillette-Fusion-ProGlide-Manual-Razor-With-FlexBall-Technology.jpg "Gillette India | CMP: rs xxx | Shares soared up to 10 percent after the grooming products maker reported a 43.5 percent rise in net profit to Rs 133.01 crore for the quarter ended September 2024, led by a broad-based growth. The company's revenue from operations increased 17.11 per cent YoY to Rs 781.82 crore. "The growth has been broad-based amidst continuing green shoots in rural markets," the company said in its statement. Gillette India's total expenses rose 11 percent in the July-September quarter to Rs 611.62 crore.")
![Suzlon Energy | CMP: Rs xxx | Shares gained x percent following its earnings results for the quarter ended September. Suzlon Energy reported 96% jump in net profit at Rs 201 crore for the quarter ended September 30, 2024 due to record order wins and robust margins. The renewable energy firm said its revenue rose 48% to Rs 2,093 crore in Q2FY25. The company said its EBITDA rose 31% to Rs 294 crore and order book was at all‐time high 5.1 GW including "India’s largest wind order from NTPC". But EBITDA margin declined to 14.1 per cent from 15.9 per cent in the same quarter last year.](https://images.moneycontrol.com/static-mcnews/2024/06/20240619140812_Suzlon-Energy.jpg "Suzlon Energy | CMP: Rs xxx | Shares gained x percent following its earnings results for the quarter ended September. Suzlon Energy reported 96% jump in net profit at Rs 201 crore for the quarter ended September 30, 2024 due to record order wins and robust margins. The renewable energy firm said its revenue rose 48% to Rs 2,093 crore in Q2FY25. The company said its EBITDA rose 31% to Rs 294 crore and order book was at all‐time high 5.1 GW including "India’s largest wind order from NTPC". But EBITDA margin declined to 14.1 per cent from 15.9 per cent in the same quarter last year.")
