22 Oct , 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 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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