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Stock Radar: Tata Steel, Apollo Hospitals, Power Grid, Polycab India, Wockhardt, Avalon Tech, Delta Corp in focus on Thursday

07 Nov , 2024   By : Debdeep Gupta


Stock Radar: Tata Steel, Apollo Hospitals, Power Grid, Polycab India, Wockhardt, Avalon Tech, Delta Corp in focus on Thursday

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


Results Today


Mahindra & Mahindra, Lupin, Alembic Pharmaceuticals, Escorts Kubota, Indian Hotels, NHPC, Aavas Financiers, Abbott India, Aditya Birla Fashion and Retail, Astral, Bajaj Electricals, Cochin Shipyard, Cummins India, Emami, Emcure Pharmaceuticals, Innova Captab, IRCON International, ITD Cementation, NCC, Page Industries, Rail Vikas Nigam, SAIL, Baazar Style Retail, Trent, Vijaya Diagnostic Centre, and Va Tech Wabag will announce September quarter earnings on November 7.


Quarterly Earnings


Tata Steel Q2 (Consolidated YoY)


Profit stands at Rs 758.8 crore Vs loss of Rs 6,511.2 crore


Revenue falls 3.25 to Rs 53,904.7 crore Vs Rs 55,681.9 crore


EBITDA spikes 43.9% to Rs 6,141.3 crore Vs Rs 4,267.8 crore


Margin expands 370 bps to 11.4% Vs 7.7%


Power Grid Corporation of India Q2 (Consolidated YoY)


Profit rises 0.3% to Rs 3,793 crore Vs Rs 3,781.4 crore


Revenue increases 0.09% to Rs 11,277.8 crore Vs Rs 11,267.1 crore


EBITDA falls 2.1% to Rs 9,701.3 crore Vs Rs 9,908.4 crore


Margin drops 190 bps to 86% Vs 87.9%


Apollo Hospitals Enterprise Q2 (Consolidated YoY)


Profit zooms 59% to Rs 395.7 crore Vs Rs 248.8 crore


Revenue grows 15.3% to Rs 5,589.3 crore Vs Rs 4,846.9 crore


EBITDA jumps 30% to Rs 815.5 crore Vs Rs 627.5 crore


Margin expands 170 bps to 14.6% Vs 12.9%


Chambal Fertilisers and Chemicals Q2 (Consolidated YoY)


Profit surges 40.8% to Rs 536.4 crore Vs Rs 381 crore


Revenue falls 19.3% to Rs 4,346.2 crore Vs Rs 5,385.5 crore


EBITDA zooms 28.5% to Rs 790.2 crore Vs Rs 615 crore


Margin expands 680 bps to 18.2% Vs 11.4%


Gujarat Gas Q2 (Standalone QoQ)


Profit falls 6.92% to Rs 307 crore Vs Rs 329.8 crore


Revenue declines 15% to Rs 3,781.8 crore Vs Rs 4,450.3 crore


EBITDA drops 4% to Rs 514.2 crore Vs Rs 535.6 crore


Margin expands 160 bps to 13.6% Vs 12%


Novelis Q2 (YoY)


Net income drops 18% to $128 million


Net income excluding special items falls 1% to $179 million


Adjusted EBITDA declines 5% to $462 million


Rolled product shipments grow 1% to 945 kilotonnes


India Pesticides Q2 (Consolidated YoY)


Profit zooms 32.9% to Rs 25.9 crore Vs Rs 19.5 crore


Revenue grows 13.3% to Rs 228.8 crore Vs Rs 202 crore


Delta Corp Q2 (Consolidated YoY)


Profit plunges 61.1% to Rs 27 crore Vs Rs 69.4 crore


Revenue falls 28.1% to Rs 187.7 crore Vs Rs 261.1 crore


Kirloskar Ferrous Industries Q2 (Consolidated YoY)


Profit declines 5% to Rs 77.6 crore Vs Rs 81.7 crore


Revenue increases 6.8% to Rs 1,666 crore Vs Rs 1,559.7 crore


Kansai Nerolac Paints Q2 (Consolidated YoY)


Profit plunges 31.8% to Rs 120 crore Vs Rs 175.5 crore


Revenue falls 0.3% to Rs 1,951.4 crore Vs Rs 1,956.5 crore


Sonata Software Q2 (Consolidated QoQ)


Profit increases 0.8% to Rs 106.5 crore Vs Rs 105.6 crore


Revenue falls 14.1% to Rs 2,169.8 crore Vs Rs 2,527.4 crore


Blue Star Q2 (Consolidated YoY)


Profit jumps 35.7% to Rs 96.1 crore Vs Rs 70.8 crore


Revenue increases 20.4% to Rs 2,276 crore Vs Rs 1,890.4 crore


Usha Martin Q2 (Consolidated YoY)


Profit falls 0.2% to Rs 109.3 crore Vs Rs 109.5 crore


Revenue grows 13.6% to Rs 891.2 crore Vs Rs 784.7 crore


Endurance Technologies Q2 (Consolidated YoY)


Profit zooms 31.3% to Rs 203 crore Vs Rs 154.6 crore


Revenue increases 14.4% to Rs 2,912.7 crore Vs Rs 2,545 crore


Avalon Technologies Q2 (Consolidated YoY)


Profit surges 140.1% to Rs 17.5 crore Vs Rs 7.3 crore


Revenue jumps 36.8% to Rs 275 crore Vs Rs 201 crore


Rain Industries Q2 (Consolidated YoY)


Loss widens to Rs 154.9 crore Vs Rs 65.8 crore


Revenue declines 5.4% to Rs 3,934.3 crore Vs Rs 4.160.3 crore


Stocks To Watch


Wockhardt


The pharma company announced the opening of its Qualified Institutions Placement (QIP) issue on November 6. The floor price for the issue has been set at Rs 1,162.25 per share.


Polycab India


Polycab has emerged as the lowest bidder for a contract worth Rs 1,549.66 crore from Bharat Sanchar Nigam Limited (BSNL). The contract involves the development of the middle-mile network of BharatNet on a Design, Build, Operate, and Maintain (DBOM) model for Package 7 (Bihar).


Sterling Tools


The company has signed a technical collaboration agreement with Kunshan GLVAC Yuantong New Energy Technology, a wholly-owned subsidiary of China's Kunshan Guoli Electronic Technology. The collaboration is for manufacturing advanced high-voltage direct current (HVDC) contactors and relays in India.


Innova Captab


The company has received a drug manufacturing license for its upcoming facility in Jammu, from the Government of Jammu and Kashmir.


Bulk Deals


International Combustion (India)


Pegasus Growth Fund 1 sold a 0.56% stake in the company at an average price of Rs 1,085.81 per share.


Stocks Turn Ex-Dividend


GlaxoSmithKline Pharmaceuticals, Navin Fluorine International, Nuvama Wealth Management, Share India Securities, Shriram Finance, Symphony


Stock Trades Ex-Date for Split


Hazoor Multi Projects

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