18 Nov , 2024 By : Debdeep Gupta
Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, and fund-raising, here’s a quick look at which stocks will be in focus in today's trade:
Results Today
Godavari Biorefineries, Waaree Energies, Valecha Engineering, and Samyak International will release quarterly earnings on November 18.
Quarterly Earnings
Hero MotoCorp Q2 (Standalone YoY)
Profit grows 14.2% to Rs 1,203.5 crore Vs Rs 1,053.8 crore
Revenue increases 10.8% to Rs 10,463.2 crore Vs Rs 9,445.4 crore
EBITDA jumps 14.1% to Rs 1,515.9 crore Vs Rs 1,328.3 crore
Margin expands 40 bps to 14.5% Vs 14.1%
Grasim Industries Q2 (Standalone YoY)
Profit declines 9.3% to Rs 721 crore Vs Rs 794.7 crore
Revenue increases 18.3% to Rs 7,623.3 crore Vs Rs 6,442 crore
EBITDA tanks 45.2% to Rs 325.2 crore Vs Rs 593.6 crore
Margin drops 490 bps to 4.3% Vs 9.2%
Other income zooms to Rs 1,293.6 crore Vs Rs 760.3 crore
Exceptional loss at Rs 50 crore Vs Nil
Sobha Q2 (Consolidated YoY)
Profit spikes 74.6% to Rs 26.1 crore Vs Rs 14.9 crore
Revenue grows 26% to Rs 933.6 crore Vs Rs 741.2 crore
EBITDA climbs 2.2% to Rs 77.1 crore Vs Rs 75.4 crore
Margin drops 190 bps to 8.3% Vs 10.2%
Finance cost declines to Rs 49.4 crore Vs Rs 63.9 crore
Nazara Technologies Q2 (Consolidated YoY)
Profit falls 19.6% to Rs 18.1 crore Vs Rs 22.5 crore
Revenue grows 7.3% to Rs 318.9 crore Vs Rs 297.2 crore
Board approves merger of Paperboat Apps with Nazara
Lemon Tree Hotels Q2 (Consolidated YoY)
Profit jumps 32.8% to Rs 35 crore Vs Rs 26.4 crore
Revenue increases 24% to Rs 284.4 crore Vs Rs 229.4 crore
Glenmark Pharma Q2 (Consolidated YoY)
Profit stands at Rs 354.5 crore Vs loss of Rs 180.3 crore
Revenue increases 7.1% to Rs 3,433.8 crore Vs Rs 3,207.4 crore
Balaji Amines Q2 (Consolidated YoY)
Profit rises 18.1% to Rs 41 crore Vs Rs 34.7 crore
Revenue falls 8.8% to Rs 346.9 crore Vs Rs 380.5 crore
Honasa Consumer Q2 (Consolidated YoY)
Loss stands at Rs 18.6 crore Vs profit of Rs 29.4 crore
Revenue declines 6.9% to Rs 461.8 crore Vs Rs 496.1 crore
Muthoot Finance Q2 (Standalone YoY)
Profit grows 26.3% to Rs 1,251.1 crore Vs Rs 991 crore
Net interest income jumps 35.5% to Rs 2,518 crore Vs Rs 1,858.4 crore
ITI Q2 (Consolidated YoY)
Loss narrows to Rs 70.3 crore Vs loss of Rs 126 crore
Revenue zooms 312.3% to Rs 1,016.2 crore Vs Rs 246.5 crore
Crompton Greaves Consumer Electricals Q2 (Consolidated YoY)
Profit zooms 28.5% to Rs 124.9 crore Vs Rs 97.2 crore
Revenue increases 6.4% to Rs 1,896 crore Vs Rs 1,782.3 crore
Easy Trip Planners Q2 (Consolidated YoY)
Profit plunges 45.2% to Rs 25.9 crore Vs Rs 47.2 crore
Revenue rises 2.1% to Rs 144.7 crore Vs Rs 141.7 crore
Swan Energy Q2 (Consolidated YoY)
Profit declines 39.4% to Rs 51.3 crore Vs Rs 84.6 crore
Revenue slips 15.6% to Rs 1,032.2 crore Vs Rs 1,223.3 crore
Delhivery Q2 (Consolidated YoY)
Profit stands at Rs 10.2 crore Vs loss of Rs 102.9 crore
Revenue grows 12.8% to Rs 2,189.7 crore Vs Rs 1,941.7 crore
Mahanagar Telephone Nigam Q2 (Consolidated QoQ)
Loss widens to Rs 890.3 crore Vs loss of Rs 773.5 crore
Revenue declines 5.2% to Rs 174.2 crore Vs Rs 183.9 crore
Avanti Feeds Q2 (Consolidated YoY)
Profit spikes 53.1% to Rs 113.7 crore Vs Rs 74.2 crore
Revenue grows 6% to Rs 1,355.1 crore Vs Rs 1,278.5 crore
Anupam Rasayan Q2 (Consolidated YoY)
Profit declines 37.1% to Rs 30.6 crore Vs Rs 48.7 crore
Revenue drops 25% to Rs 294 crore Vs Rs 392.1 crore
Stocks To Watch
Reliance Industries
Reliance Industries, Viacom18, and Disney announced that the merger of the media and JioCinema businesses of Viacom18 into Star India has become effective, following approvals from the NCLT Mumbai, the Competition Commission of India, and other regulatory authorities. RIL has invested Rs 11,500 crore into the joint venture (JV) to support its growth. The JV has allotted shares to Viacom18 and RIL as consideration for the assets and cash, respectively. The JV will be led by three CEOs who will guide the company into a new era of ambition and disruption. Nita Ambani will serve as the Chairperson of the JV, with Uday Shankar as Vice Chairperson.
ACME Solar Holdings
The company's subsidiary, ACME Sun Power, has secured a Rs 3,753 crore term loan financing from REC for the development and construction of 320 MW of Firm and Dispatchable Renewable Energy (FDRE) projects in collaboration with SJVN, in Rajasthan and Gujarat.
Hindustan Zinc
The world’s second-largest integrated zinc producer has been awarded a composite license for a gold mining block in Rajasthan through state government auctions. The company has been declared the preferred bidder for the Dugocha gold block.
Cyient
The company has announced the expansion of its partnership with Allegro MicroSystems Inc to develop next-generation magnetic sensors and power semiconductor products for the automotive industry.
Adani Total Gas
GAIL India has announced a further 13% reduction in the allocation of APM gas to the company, effective November 16. This reduction applies across the city gas distribution (CGD) industry and is expected to hurt the company's profitability. The company will adjust retail prices for consumers to mitigate the impact of the lower allocation while continuing to provide an uninterrupted gas supply to its consumers.
Indraprastha Gas
GAIL India, the nodal agency for domestic gas allocation, has announced a further reduction in the domestic gas allocation to Indraprastha Gas, effective November 16. The revised allocation is approximately 20% lower than the previous allocation, which is expected to hurt the company's profitability.
Nureca
The company has entered into a Distribution Agreement to make its products available on Zepto, a quick-commerce platform in India. Based on ongoing business discussions, it is anticipated that the volume of orders and sales on this platform may exceed the materiality threshold in upcoming quarters.
Block Deals
Ramkrishna Forgings
Think India Opportunities Master Fund LP purchased a 0.11% stake in the forging company at an average price of Rs 922.8 per share, from Societe Generale - ODI.
PNB Housing Finance
BNP Paribas Financial Markets purchased a 0.05% stake in PNB Housing Finance at an average price of Rs 914.75 per share, from Goldman Sachs (Singapore) Pte - ODI.
SME Listing on November 18
Neelam Linens and Garments (India)
Stocks Trade Ex-Dividend
Emami, Manappuram Finance, Sundram Fasteners, CFF Fluid Control
F&O Ban
Aarti Industries, Aditya Birla Fashion & Retail, GNFC, Granules India, Hindustan Copper
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