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Stock Radar: TCS, IREDA, Krsnaa Diagnostics, Oberoi Realty, Bandhan Bank, Mazagon Dock in focus on Friday

11 Oct , 2024   By : Debdeep Gupta


Stock Radar: TCS, IREDA, Krsnaa Diagnostics, Oberoi Realty, Bandhan Bank, Mazagon Dock in focus on Friday


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


Results Today


Just Dial, Reliance Industrial Infrastructure, Plastiblends India, Hathway Cable, Jagsonpal Finance, Jaypee Infratech, Atishay, PVV Infra, Universal Arts, and Sangam Finserv will release quarterly earnings on October 11.


Results on Saturday


Avenue Supermarts, Network18 Media & Investments, Narmada Macplast Drip Irrigation Systems, SPA Capital Services, and Trident Texofab will announce a quarterly earnings scorecard on October 12.


Quarterly Earnings


Tata Consultancy Services Q2 (Consolidated QoQ)


Profit falls 1.1% to Rs 11,909 crore Vs Rs 12,040 crore


Revenue rises 2.6% to Rs 64,259 crore Vs Rs 62,613 crore


Dollar revenue increases 2.2% to $7,670 million Vs $7,505 million


Attrition rate inches to 12.3% Vs 12.10%


Net headcount addition at 5,726 Vs 5,452


TCS announces interim dividend of Rs 10 per share


Tata Elxsi Q2 (QoQ)


Profit surges 24.6% to Rs 229.4 crore Vs Rs 184.1 crore


Revenue grows 3.1% to Rs 955.1 crore Vs Rs 926.5 crore


EBIT rises 6.2% to Rs 239.2 crore Vs Rs 225.2 crore


Margin expands 70 bps to 25% Vs 24.3%


Indian Renewable Energy Development Agency (IREDA) Q2 (YoY)


Profit grows 36% to Rs 388 crore Vs Rs 285 crore


Revenue from operations increases 38.5% to Rs 1,629.5 crore Vs Rs 1,176.6 crore


Net interest income jumps 52% to Rs 546.8 crore Vs Rs 359.8 crore


Anand Rathi Wealth Q2 (Consolidated YoY)


Profit grows 32.4% to Rs 76.1 crore Vs Rs 57.5 crore


Revenue jumps 32.8% to Rs 242.5 crore Vs Rs 182.6 crore


EBITDA surges 34.4% to Rs 104.1 crore Vs Rs 77.5 crore


EBITDA margin expands 50 bps to 42.9% Vs 42.4%


Den Networks Q2 (Consolidated YoY)


Profit rises 13.94% to Rs 52 crore Vs Rs 45.7 crore


Revenue declines 10% to Rs 249 crore Vs Rs 276.6 crore


EBITDA is down 35.4% at Rs 27.8 crore Vs Rs 43.1 crore


Margin drops sharply to 11.2% Vs 15.6%


Stocks To Watch


Mazagon Dock Shipbuilders


The company has received an order worth Rs 121.7 crore from the Maharashtra State Power Generation Company. The order involves the supply, installation, and commissioning of an AI-based comprehensive infrastructure project at GTPS-Uran and KGSC-Pophali.


Active Clothing


The company has expanded its customer base by entering into a manufacturing agreement with Adidas India Marketing as a T-1 supplier.


Krsnaa Diagnostics


The company has received a signed agreement from Sadar Hospital, Ranchi (Jharkhand), to commission, install, operate, and maintain radiology services (CT and MRI) on a public-private partnership basis.


Dr Reddy’s Laboratories


Shareholders have approved the voluntary liquidation of the company's subsidiary, Imperial Owners and Land Possessions. The liquidation is subject to applicable regulatory approvals. Imperial is not a material subsidiary of the company, and the liquidation of this subsidiary will have no material impact on the consolidated financials of the company.


Bank of Baroda


The public sector lender has kept the marginal cost of funds-based lending rate unchanged, effective October 12.


Ugro Capital


The NBFC has crossed the Rs 10,000 crore AUM milestone in the quarter ended September 2025, reaching over Rs 10,200 crore, up from Rs 2,970 crore in March 2022.


Diksha Greens


The Board has appointed Avinash Ramnath Shetye as Chief Financial Officer (CFO) of the company after the resignation of Biswanath Singha, effective October 9. The Board also appointed Somnath Nanda as the Additional Executive Director, Swapnil Nitin Kasar as the Additional Non-Executive Independent Director, and Manju Sanghamitra Nikale as the Non-Executive Director of the company.


Maruti Suzuki India


ESG rating provider SES ESG Research has upgraded the company's ESG score from 68.5 (Grade B) in 2023 to 74 (Grade 3 ) in 2024.


Oberoi Realty


The Board has approved raising funds of up to Rs 6,000 crore via the issuance of equity shares, eligible securities, and other securities, in one or more tranches, by way of private placement, including a qualified institutions placement.


Allied Blenders and Distillers


Ankur Sachdeva has resigned as Chief Revenue Officer of the company, effective December 8, to pursue other professional opportunities.


Aarti Industries


The company's wholly-owned subsidiary, Aarti Chemical Trading - FZCO (Dubai), has incorporated its overseas wholly-owned subsidiary, Aarti Chem Trading USA Inc. Aarti Chem Trading USA Inc. becomes a step-down subsidiary of Aarti Industries.


Dish TV India


The Corporate Affairs Ministry has approved the incorporation of the company's subsidiary, Dish Bharat Ventures. Dish Bharat Ventures will undertake the business of distributing products and services through a digital platform and will also provide ancillary services.


Uno Minda


Toyoda Gosei Uno Minda India, the joint venture of Uno Minda, has started commercial production at its manufacturing facility in Neemrana, Rajasthan.


Bandhan Bank


The Reserve Bank of India has approved the appointment of Partha Pratim Sengupta as MD & CEO of Bandhan Bank.


Bulk Deals


Idea forge Technology


Foreign portfolio investor Goldman Sachs India Equity Portfolio exited Ideaforge by selling its entire shareholding of 1.51% at an average price of Rs 657.67 per share, valued at Rs 42.7 crore. However, Citigroup Global Markets Mauritius bought a 1.54% stake in the company at an average price of Rs 656 per share.


Sanofi Consumer Healthcare India


Promoter Hoechst GMBH exited the company by selling its entire 60.37% stake at an average price of Rs 4,982.05 per share, amounting to Rs 6,927.4 crore, to Opella Healthcare Participations B V.


Nitco


JM Financial Asset Reconstruction Company sold a 0.55% stake in the company at an average price of Rs 92.06 per share. JM Financial had held a 14.04% stake in Nitco as of June 2024.


SME Listing on October 11


Khyati Global Ventures


Stocks Trade Ex-Dividend


Coforge, Blue Cloud Softech Solutions, IndInfravit Trust


Stock Trades Ex-Date for Split


Rajnish Retail


Stock Turns Ex-Rights


Kretto Syscon


Stocks Trade Ex-Date for Spin-Off


Hercules Hoists, Softsol India


F&O Ban


Chambal Fertilisers and Chemicals, Bandhan Bank, Birlasoft, GNFC, Granules India, Hindustan Copper, IDFC First Bank, Manappuram Finance, Punjab National Bank, RBL Bank, SAIL, Tata Chemicals


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