Stocks in News

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:

Results Today

Coal India, JSW Steel, Bharat Petroleum Corporation, Bank of Baroda, Bandhan Bank, Bharat Electronics, InterGlobe Aviation, Aegis Logistics, Balkrishna Industries, Cholamandalam Investment, DLF, Hindustan Petroleum Corporation, IDBI Bank, Inox Wind, Jammu & Kashmir Bank, Krsnaa Diagnostics, Microtech Developers, NLC India, Nuvama Wealth Management, Poonawalla Fincorp, Praj Industries, Shriram Finance, Texmaco Rail & Engineering, Torrent Pharmaceuticals, and UTI Asset Management Company will release quarterly earnings scorecard on October 25.

Results on October 26

ICICI Bank, IDFC First Bank, Yes Bank, Godawari Power & Ispat, JK Cement, Meghmani Organics, REC, SBFC Finance, Titagarh Rail Systems, and Voltamp Transformers will announce their earnings for the July-September quarter on October 26.

Quarterly Earnings

ITC Q2 (Standalone YoY)

Profit grows 3.07% to Rs 5,078.3 crore Vs Rs 4,927 crore

Revenue jumps 16.8% to Rs 19,327.7 crore Vs Rs 16,550 crore

EBITDA increases 4.9% to Rs 6,335.2 crore Vs Rs 6,041.6 crore

Margin declines 370 bps to 32.8% Vs 36.5%

IndusInd Bank Q2 (Standalone YoY)

Profit drops 39.2% to Rs 1,325.5 crore Vs Rs 2,181.5 crore

Net interest income grows 5.3% to Rs 5,347.3 crore Vs Rs 5,076.7 crore

Provisions and contingencies jump 87% to Rs 1,820.1 crore Vs Rs 973.8 crore

Provisions and contingencies spike 73.4% to Rs 1,820.1 crore Vs Rs 1,049.8 crore (QoQ)

Gross NPA rises to 2.11% Vs 2.02% (QoQ)

Net NPA increases to 0.64% Vs 0.60% (QoQ)

Godrej Consumer Products Q2 (Consolidated YoY)

Profit grows 13.5% to Rs 491.3 crore Vs Rs 432.8 crore

Revenue increases 1.8% to Rs 3,666.3 crore Vs Rs 3,602 crore

EBITDA rises 7.9% to Rs 759.6 crore Vs Rs 704.2 crore

Margin expands 120 bps to 20.7% Vs 19.5%

Company announces interim dividend of Rs 5 per share

Indian Energy Exchange Q2 (Standalone YoY)

Profit jumps 28% to Rs 106.1 crore Vs Rs 82.9 crore

Revenue grows 28.3% to Rs 139.2 crore Vs Rs 108.5 crore

EBITDA surges 30.5% to Rs 120.3 crore Vs Rs 92.2 crore

Margin increases 140 bps to 86.4% Vs 85%

Cyient Q2 (Consolidated QoQ)

Profit zooms 26.4% to Rs 186.6 crore Vs Rs 147.6 crore

Revenue grows 10.3% to Rs 1,849.1 crore Vs Rs 1,675.7 crore

EBIT jumps 15.8% to Rs 230.7 crore Vs Rs 199.2 crore

Margin expands 60 bps to 12.5% Vs 11.9%

The company declares an interim dividend of Rs 12 per share for FY25

Cyient acquires Abu Dhabi & Gulf Computer Est, and a 27.3% stake in Azimuth AI, a fabless custom ASIC company

NTPC Q2 (Standalone YoY)

Profit jumps 19.66% to Rs 4,649 crore Vs Rs 3,885 crore

Revenue declines 1.3% to Rs 40,327.6 crore Vs Rs 40,875.3 crore

EBITDA falls 8.2% to Rs 9,676.3 crore Vs Rs 10,537.5 crore

Margin drops 180 bps to 24% Vs 25.8%

United Breweries Q2 (Consolidated YoY)

Profit grows 23.5% to Rs 132.33 crore Vs Rs 107.2 crore

Revenue increases 12% to Rs 2,116.72 crore Vs Rs 1,890 crore

JSW Energy Q2 (Consolidated YoY)

Profit increases 2.3% to Rs 876.8 crore Vs Rs 856.8 crore

Revenue declines 0.7% to Rs 3,237.7 crore Vs Rs 3,259.4 crore

PNB Housing Finance Q2 (Consolidated YoY)

Profit grows 22.6% to Rs 470 crore Vs Rs 383 crore

Net interest income rises 1.2% to Rs 669 crore Vs Rs 661 crore

Mahanagar Gas Q2 (Standalone QoQ)

Profit slips 0.6% to Rs 282.8 crore Vs Rs 284.5 crore

Revenue increases 7.7% to Rs 1,711.6 crore Vs Rs 1,589.6 crore

Dixon Technologies Q2 (Consolidated YoY)

Profit jumps 263.2% to Rs 411.7 crore Vs Rs 113.4 crore

Revenue spikes 133.3% to Rs 11,534 crore Vs Rs 4,943.2 crore

Exceptional gain at Rs 209.6 crore Vs Nil

Chalet Hotels Q2 (Consolidated YoY)

Loss stands at Rs 138.5 crore Vs profit at Rs 36.4 crore

Revenue grows 20% to Rs 377 crore Vs Rs 314.5 crore

Tax expenses at Rs 217.93 crore Vs Rs 8 crore

CIE Automotive India Q2 (Consolidated YoY)

Profit increases 4.3% to Rs 194.7 crore Vs Rs 186.7 crore

Revenue falls 6.4% to Rs 2,134.6 crore Vs Rs 2,279.4 crore

Petronet LNG Q2 (Standalone QoQ)

Profit plunges 26% to Rs 847.6 crore Vs Rs 1,141.6 crore

Revenue declines 3% to Rs 13,021.8 crore Vs Rs 13,415.1 crore

Nippon Life India Asset Management Q2 (Consolidated YoY)

Profit surges 47.3% to Rs 360.1 crore Vs Rs 244.4 crore

Revenue spikes 43.7% to Rs 571.3 crore Vs Rs 397.5 crore

Le Travenues Technology (IXIGO) Q2 (Consolidated YoY)

Profit tanks 51% to Rs 13.1 crore Vs Rs 26.7 crore

Revenue grows 26% to Rs 206.5 crore Vs Rs 163.9 crore

Tax expenses at Rs 5.26 crore Vs tax writeback of Rs 0.43 crore

Exceptional gain at Rs 0.83 crore Vs 29.7 crore

DCB Bank Q2 (YoY)

Profit jumps 22% to Rs 155 crore Vs Rs 127 crore

Net interest income rises 7% to Rs 509 crore Vs Rs 476 crore

Gross NPA falls to 3.29% Vs 3.33% (QoQ)

Net NPA drops to 1.17% Vs 1.18% (QoQ)

Patanjali Foods Q2 (Standalone YoY)

Profit jumps 21.4% to Rs 309 crore Vs Rs 254.5 crore

Revenue grows 4.25 to Rs 8,154.2 crore Vs Rs 7,821.9 crore

Oracle Financial Services Software Q2 (Consolidated YoY)

Profit spikes 38.4% to Rs 577.7 crore Vs Rs 417.4 crore

Revenue soars 15.9% to Rs 1,673.9 crore Vs Rs 1,444.5 crore

Stocks To Watch

Axis Bank

The Reserve Bank of India has given its approval for the re-appointment of Amitabh Chaudhry as the Managing Director & CEO of Axis Bank for a further three years, effective January 1, 2025.

Ujjivan Small Finance Bank

The Board has appointed S. Balakrishna Kamath as the Chief Financial Officer of the bank. Kamath will take charge on or before January 3, 2025.

Jubilant Pharmova

Jubilant Pharma's subsidiary, Jubilant Pharma Holdings Inc., USA, has voluntarily prepaid a $25 million term loan, equivalent to Rs 210 crore, from its internal accruals on October 23. Jubilant Pharma is a wholly-owned subsidiary of Jubilant Pharmova.

Kansai Nerolac Paints

The company has entered into definitive agreements for the conveyance or assignment of the lease with Aethon Developers (a subsidiary of Runwal Developers) for the sale of its land parcel at Lower Parel, Mumbai, together with the building thereon, for Rs 726 crore.

Shriram Properties

Enforcement Directorate officials conducted search activities at the company's office premises in Bengaluru and Chennai. The search process has been completed without any material developments. The company has provided necessary clarifications or details sought by the officials to their satisfaction by extending full cooperation.

Bulk Deals

Freshara Agro Exports

Tropical Agro System India acquired a 0.84 percent stake, and HDFC Bank bought a 1.27 percent stake in Freshara Agro at an average price of Rs 135 per share.

Rane Engine Valves

Unique Asset Management LLP sold a 0.7 percent stake in the company at an average price of Rs 490.02 per share.

Arihant Foundations & Housing

Singularity Equity Fund I bought a 1.24 percent stake in the company at an average price of Rs 630.25 per share. However, HI-Tech Housing Projects sold a 0.98 percent stake at the same price.

Stocks Turn Ex-Dividend

LTIMindtree, L&T Technology Services, Allcargo Logistics, Dalmia Bharat, DB Corp

Stocks Trade Ex-Date for Rights

Hindware Home Innovation, PMC Fincorp

Stock Trades Ex-Date for Buyback

Matrimony.com

Stocks Trade Ex-Date for Ex-Split

Mayukh Dealtrade, POCL Enterprises, Sukhjit Starch & Chemicals

F&O Ban

Escorts Kubota, Aarti Industries, Bandhan Bank, Indian Energy Exchange, IndiaMART InterMESH, Manappuram Finance, NMDC, Piramal Enterprises, RBL Bank