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Stock Radar: Hyundai Motor India, Bajaj Housing Finance, Union Bank, Ola Electric, Epigral, Balu Forge in focus on Tuesday

22 Oct , 2024   By : Debdeep Gupta


Stock Radar: Hyundai Motor India, Bajaj Housing Finance, Union Bank, Ola Electric, Epigral, Balu Forge in focus on Tuesday

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


Results Today


Bajaj Finance, Zomato, One 97 Communications (Paytm), Indus Towers, Coforge, ICICI Prudential Life Insurance Company, Mahindra & Mahindra Financial Services, Aditya Birla Real Estate, Adani Energy Solutions, Adani Green Energy, Amber Enterprises India, Chennai Petroleum Corporation, IIFL Securities, ICICI Securities, Jubilant Ingrevia, Max Financial Services, Olectra Greentech, Persistent Systems, Shoppers Stop, SRF, Ugro Capital, Varun Beverages, and Zensar Technologies will announce their quarterly earnings on October 22.


Quarterly Earnings


Bajaj Housing Finance Q2 (YoY)


Profit grows 21% to Rs 546 crore Vs Rs 451 crore


Net interest income increases 13% to Rs 713 crore Vs Rs 632 crore


Disbursement declines to Rs 12,014 crore Vs Rs 12,154 crore


AUM grows 26% to Rs 1.02 lakh crore Vs Rs 81,215 crore


Net interest margin drops to 4.1% Vs 4.4%


Net interest margin expands to 4.1% Vs 3.9% (QoQ)


Jana Small Finance Bank Q2 (YoY)


Profit drops 21.1% to Rs 97 crore Vs Rs 123 crore


Net interest income increases 13% to Rs 594 crore Vs Rs 526 crore


Provisions and contingencies jump to Rs 210 crore Vs Rs 160 crore


Gross NPA rises to 2.97% Vs 2.62% (QoQ)


Net NPA remains unchanged at 0.99% (QoQ)


Cyient DLM Q2 (Consolidated YoY)


Profit grows 5.5% to Rs 15.5 crore Vs Rs 14.65 crore


Revenue jumps 33.4% to Rs 389.5 crore Vs Rs 291.8 crore


EBITDA surges 34.4% to Rs 31.6 crore Vs Rs 23.5 crore


Margin expands 6 bps to 8.1% Vs 8%


Union Bank of India Q2 (Standalone YoY)


Profit jumps 34.4% to Rs 4,720 crore Vs Rs 3,511 crore


Net interest income falls 0.9% to Rs 9,047 crore Vs Rs 9,126 crore


Gross NPA drops to 4.36% Vs 4.54% (QoQ)


Net NPA rises to 0.98% Vs 0.90% (QoQ)


Supreme Petrochem Q2 (YoY)


Profit grows 15.7% to Rs 90.3 crore Vs Rs 78.05 crore


Revenue rises 17.8% to Rs 1,505.6 crore Vs Rs 1,277.7 crore


EBITDA jumps 17.9% to Rs 125.2 crore Vs Rs 106.3 crore


Margin remains unchanged at 8.3%


City Union Bank Q2 (YoY)


Profit rises 2% to Rs 285.2 crore Vs Rs 280.6 crore


Net interest income grows 8% to Rs 582.5 crore Vs Rs 538.4 crore


Net interest margin falls to 3.67% Vs 3.74%


Gross NPA declines to 3.54% Vs 3.88% (QoQ)


Net NPA drops to 1.62% Vs 1.87%


Mahindra Logistics Q2 (Consolidated YoY)


Loss narrows to Rs 10.7 crore Vs loss of Rs 15.9 crore


Revenue grows 11.45 to Rs 1,521 crore Vs Rs 1,365 crore


EBITDA jumps 22.2% to Rs 66 crore Vs Rs 54 crore


Margin expands to 4.3% Vs 4%


Bhansali Engineering Polymers Q2 (Consolidated YoY)


Profit drops 3.9% to Rs 46.3 crore Vs Rs 48.2 crore


Revenue jumps 16.8% to Rs 366.9 crore Vs Rs 314.2 crore


EBITDA declines 7.8% to Rs 53.03 crore Vs Rs 57.5 crore


Margin drops sharply to 14.5% Vs 18.3%


Rajratan Global Wire Q2 (Consolidated YoY)


Profit declines 2.2% to Rs 19.05 crore Vs Rs 19.48 crore


Revenue jumps 14.5% to Rs 245.3 crore Vs Rs 214.3 crore


360 ONE WAM Q2 (YoY)


Profit surges 33.4% to Rs 247 crore Vs Rs 185 crore


Revenue zooms 37.7% to Rs 589 crore Vs Rs 427 crore


Balu Forge Industries Q2 (Consolidated YoY)


Profit surges 107% to Rs 48.1 crore Vs Rs 23.3 crore


Revenue jumps 60.1% to Rs 222.9 crore Vs Rs 139.2 crore


Authum Investment and Infrastructure Q2 (Consolidated YoY)


Profit plunges 56.6% to Rs 842.8 crore Vs Rs 1,939.8 crore


Revenue declines 49.2% to Rs 1,092.7 crore Vs Rs 2,151.8 crore


Stocks To Watch


Eicher Motors


Royal Enfield has commenced operations of its manufacturing unit (Category 2) and flagship showroom in Bangladesh. The company has set up business in collaboration with IFAD Motors in Bangladesh. The new manufacturing facility is Royal Enfield’s sixth assembly unit outside India, following Nepal, Brazil, Thailand, Colombia, and Argentina.


Epigral


The company opened its Qualified Institutions Placement (QIP) issue on October 21. The floor price has been fixed at Rs 2,203.29 per share.


Lemon Tree Hotels


The company has signed a License Agreement for a hotel property with 72 rooms in Kalaburagi, Karnataka. The property will be managed by its subsidiary, Carnation Hotels, and is expected to open in FY27.


Sona BLW Precision Forgings


The company has inaugurated its new plant in Manesar, Haryana. This is the company's second plant for the driveline business in IMT Manesar. This plant will assist in catering to the growing demand for the company's driveline products.


Sunteck Realty


Mahesh Sheregar has retired as Chief Executive Officer of International Operations, effective October 21.


MAS Financial Services


The company has entered into a strategic co-lending partnership with UCO Bank for lending to micro, small, and medium enterprises (MSMEs).


Sterling and Wilson Renewable Energy


Bahadur Dastoor has resigned from the position of Chief Financial Officer, effective October 21.


Rail Vikas Nigam


The company has incorporated its wholly owned subsidiary, 'Company Rail Vikas Nigam' in Saudi Arabia, effective October 18.


Ola Electric Mobility


Ola Electric has reported that 99.1% of the 10,644 complaints received from the Central Consumer Protection Authority (CCPA) have been resolved. The company has provided the requested information and clarifications in response to the Show Cause Notice from the CCPA. Ola has a robust mechanism in place to address complaints related to its vehicles.


Mainboard Listing on October 22


Hyundai Motor India


Stocks Turn Ex-Dividend


HCL Technologies, Gopal Snacks


Stock Trades Ex-Date for Rights


DMR Hydroengineering & Infrastructures


F&O Ban


IndiaMART InterMESH, Manappuram Finance, Piramal Enterprises, Aarti Industries, Bandhan Bank, Birlasoft, Chambal Fertilisers and Chemicals, GNFC, Granules India, Hindustan Copper, IDFC First Bank, Indian Energy Exchange, L&T Finance, Punjab National Bank, RBL Bank, SAIL

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