Stocks to Watch, 13 October: Stocks like Avenue Supermarts, Waaree Renewable Technologies, Signature Global India, Phoenix Mills, Lupin, Mahindra Lifespace Developers, Hindustan Construction Company, Travel Food Services, NTPC Green Energy, Zen Technologies, Axis Bank, Computer Age Management Services,and Tata Capital will be in focus on October 13.

Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, appointments, acquisitions and order wins, here’s a quick look at which stocks will be in focus in today's trade:

Results Today

HCL Technologies, Anand Rathi Wealth, Den Networks, Just Dial, Lotus Chocolate Company, and Stallion India Fluorochemicals will release their quarterly earnings today.

Quarterly Earnings

Avenue Supermarts (DMart) Q2 (Consolidated YoY)

Profit grows 3.85% to Rs 684.85 crore Vs Rs 659.44 crore

Revenue jumps 15.5% to Rs 16,676.3 crore Vs Rs 14,444.5 crore

EBITDA soars 11% to Rs 1,213.65 crore Vs Rs 1,093.8 crore

Margin drops 29 bps to 7.28% Vs 7.57%

Waaree Renewable Technologies Q2 (Consolidated YoY)

Profit zooms 117.4% to Rs 116.3 crore Vs Rs 53.5 crore

Revenue surges 47.7% to Rs 774.8 crore Vs Rs 524.5 crore

Quarterly Business Update

Signature Global Q2 (YoY)

Pre-sales declines 28% to Rs 2,010 crore Vs Rs 2,780 crore

Area sold drops 44% to 1.34 million square feet Vs 2.38 million square feet

Collections grow 2% to Rs 940 crore Vs Rs 920 crore

Adani Energy Solutions Q2

System availability remains robust at 99.63% with a minor YoY decline due to unscheduled outage in WKTL line

Collection efficiency remains robust at 100.59%

Transmission business' order book over 13 projects now stands at Rs 60,004 crore

Phoenix Mills Q2 (YoY)

Retailer consumption across all operational malls grows 13%

Gross residential sales zooms to Rs 139 crore Vs Rs 27 crore

Collections surge to Rs 115 crore Vs Rs 60 crore

Monthly Business Update

Bajaj Finserv (September)

Bajaj Life Insurance total premium stands to Rs 1,374.6 crore

Bajaj General Insurance gross direct premium underwritten stands at Rs 2,218.8 crore

Stocks to Watch

Lupin

The US Food and Drug Administration (US FDA) conducted a pre-approval inspection at the company's manufacturing facility in Somerset, New Jersey. The inspection took place from September 29 to October 10 and concluded with one observation.

Kotak Mahindra Bank

Kotak Mahindra Bank announced that Sonata Finance has merged with BSS Microfinance and, as a result, has ceased to be a subsidiary of the bank, effective October 11. Both entities are wholly owned subsidiaries of the bank.

Mahindra Lifespace Developers

The company has been selected as the preferred partner for the redevelopment of four residential societies in Malad (West), Mumbai. This project offers an estimated development potential of Rs 800 crore.

Additionally, Mahindra Lifespace has acquired 13.46 acres of land in Pune, estimated to yield a development potential of Rs 3,500 crore.

Hindustan Construction Company

HCC has secured a Rs 204 crore contract from Hindalco Industries for the fabrication, supply, and erection of pot shells and superstructures as part of the Aditya Aluminium smelter expansion project in Odisha.

Sanofi Consumer Healthcare India

Narahari Naidu has resigned as Chief Financial Officer (CFO) of the company, effective October 15, to explore new opportunities outside the organisation.

Travel Food Services

The company’s subsidiary, TFS Gurgaon Airport Services, has entered into a License Agreement with Delhi International Airport for setting up, operating, managing, and maintaining Food & Beverage (F&B) outlets at Terminal 2 of Indira Gandhi International Airport, New Delhi.

Mankind Pharma

The company has executed a Business Transfer Agreement with its subsidiary Bharat Serums and Vaccines (BSV) for the acquisition of its branded generic business related to the women’s health Rx portfolio, on a going concern basis, by way of slump sale for Rs 797 crore.

NTPC Green Energy

NTPC Green Energy has signed a Memorandum of Understanding (MoU) with Japan’s ENEOS Corporation for supplying green methanol and green hydrogen derivative products to ENEOS.

Allied Blenders and Distillers

The company has appointed Jayant Bhalchandra Manmadkar as its Chief Financial Officer (CFO), effective October 10.

Infosys

The digital services and consulting company has announced a comprehensive suite of solutions — the Infosys Customer Experience Suite for Salesforce — to deliver advanced Agentforce solutions and support enterprises in their digital transformation initiatives.

Zen Technologies

The company has received an order from the Ministry of Defence, valued at approximately Rs 37 crore, for the supply of anti-drone systems with Hard Kill capabilities.

Asian Paints

The company’s subsidiary, Asian White Inc. FZE, has commenced commercial production at its manufacturing facility in Fujairah, UAE, effective October 12.

In FY24, the company had incorporated a joint venture, Asian White Cement Holding (AWCHL), in Dubai International Financial Centre (DIFC), UAE, and a wholly owned subsidiary, Asian White Inc. FZE, in the Fujairah Free Zone, for manufacturing and exporting white cement and white cement clinker, with an initial capacity of 2,65,000 tons per annum.

Axis Bank

The Reserve Bank of India (RBI) has issued a 'Letter of Caution' to Axis Bank, advising the bank to exercise extreme caution and diligence and ensure strict compliance with RBI's KYC norms. Axis Bank has stated that it has already implemented corrective measures.

Computer Age Management Services

The Board has approved the sub-division of the existing one equity share (face value of Rs 10) into five equity shares (face value of Rs 2 each), subject to shareholder approval via postal ballot.

Bulk Deals

Cartrade Tech

Plutus Wealth Management LLP, founded by Arpit Khandelwal, has acquired 3.75 lakh shares (0.78% stake) in Cartrade, the multi-channel auto platform, at Rs 2,445.04 per share, amounting to a transaction value of Rs 91.68 crore.

Meanwhile, Goldman Sachs India sold 3.61 lakh shares (0.76% stake) at Rs 2,445 per share, totalling Rs 88.41 crore.

WeWork India

Plutus Wealth Management acquired 11.46 lakh shares (0.85% stake) in WeWork, the workspace solutions provider, at Rs 630.17 per share, for a total of Rs 72.27 crore.

However, CLSA Global Markets - ODI sold 12.5 lakh shares at Rs 631.76 per share for Rs 78.97 crore, and BofA Securities Europe SA offloaded 9.44 lakh shares at Rs 643.17 per share, totaling Rs 60.73 crore.

As per the latest shareholding pattern published on October 9, CLSA Global Markets - ODI held a 1.74% stake (23.31 lakh shares) in WeWork.

Mainboard Listing

Tata Capital

Stock Trades Ex-Date for Rights

Suraj Industries

Stocks in F&O ban

RBL Bank

Sammaan Capital