Stocks to Watch: Here’s a quick round-up of the latest developments in the stock market — from major quarterly earnings and boardroom changes to strategic deals and bulk transactions.
Earnings to Watch Today
A packed earnings calendar awaits investors, with several large- and mid-cap companies set to announce their Q2 results.
Among them: Larsen & Toubro, Coal India, Hindustan Petroleum Corporation, LIC Housing Finance, PB Fintech, APL Apollo Tubes, Apollo Pipes, Bharat Heavy Electricals, Brigade Enterprises, CG Power, Fino Payments Bank, Five-Star Business Finance, PNGS Gargi Fashion Jewellery, HeidelbergCement India, Le Travenues Technology, Laxmi Organic Industries, Mahanagar Gas, NLC India, NMDC, NTPC Green Energy, Quess Corp, Radico Khaitan, RailTel Corporation, Steel Authority of India, Sanofi India, United Breweries, and Varun Beverages.
Quarterly Earnings Highlights
Shree Cement (Q2 YoY)
- Profit jumped 303.6% to ₹308.5 crore (vs ₹76.4 crore)
- Revenue rose 17.4% to ₹4,761 crore
- EBITDA surged 58.8% to ₹974 crore
- EBITDA margin improved to 20.45% (from 15.13%)
Jindal Steel (Q2 YoY)
- Profit declined 25.9% to ₹638.2 crore
- Revenue increased 4.2% to ₹11,685.9 crore
- Gautam Malhotra appointed as new CEO
Tata Capital (Q2 YoY)
- Profit up 17% to ₹1,128 crore
- NII grew 23% to ₹2,637 crore
- Total income rose 28% to ₹3,330 crore
- AUM climbed 22% to ₹2.15 lakh crore
Mahindra & Mahindra Financial Services (Q2 YoY)
- Profit surged 45.1% to ₹566 crore
- NII up 18% to ₹2,829 crore
Premier Energies (Q2 YoY)
- Profit up 71.6% to ₹353.4 crore
- Revenue grew 20.3% to ₹1,836.9 crore
DCM Shriram (Q2 YoY)
- Profit jumped 151.2% to ₹158 crore
- Revenue rose 9.7% to ₹3,432.4 crore
Ideaforge Technology (Q2 YoY)
- Net loss widened to ₹19.6 crore
- Revenue up 9.9% to ₹40.8 crore
Happiest Minds Technologies (Q2 YoY)
- Profit increased 9% to ₹54 crore
- Revenue up 10% to ₹573.6 crore
Novartis India (Q2 YoY)
- Profit rose 18.7% to ₹24.2 crore
- Revenue up 3.7% to ₹90.3 crore
Sundram Fasteners (Q2 YoY)
- Profit up 5.9% to ₹150.9 crore
- Revenue increased 2.4% to ₹1,521 crore
CreditAccess Grameen (Q2 YoY)
- Profit fell 32.4% to ₹125.8 crore
- NII up 6.2% to ₹1,028.8 crore
Star Health and Allied Insurance (Q2 YoY)
- Profit declined 50.7% to ₹54.9 crore
- Gross premium written up 1.2% to ₹4,423.8 crore
- Net commission increased 25.9% to ₹690.9 crore
Blue Dart Express (Q2 YoY)
- Profit rose 29.5% to ₹81.4 crore
- Revenue up 7% to ₹1,549.3 crore
Go Digit General Insurance (Q2 YoY)
- Profit surged 30.2% to ₹116.5 crore
- Gross premium written increased 12.6% to ₹2,667.5 crore
Adani Total Gas (Q2 YoY)
- Profit down 11.9% to ₹163.5 crore
- Revenue up 19.6% to ₹1,576.4 crore
Adani Green Energy (Q2 YoY)
- Profit grew 25% to ₹644 crore
- Revenue steady at ₹3,008 crore
TVS Holdings (Q2 YoY)
- Profit jumped 59.2% to ₹442.9 crore
- Revenue rose 27.1% to ₹14,549.2 crore
Stocks in Focus
Signature Global India
Raised ₹875 crore via private placement of NCDs to the International Finance Corporation (IFC) to fund mid-income and sustainable housing projects and reduce debt.
Oil India
Signed strategic partnerships with BPCL and Numaligarh Refinery (NRL) for refinery, petrochemical, and logistics infrastructure projects.
- Collaborative plan with BPCL for ₹1 lakh crore Ramayapatnam Greenfield Refinery & Petrochemical Project.
- Pact with BPCL and NRL for a ₹3,500 crore product evacuation pipeline.
PNB Housing Finance
MD & CEO Girish Kousgi stepped down effective October 28.
Jatul Anand, Executive Director, to lead operations under Board oversight until a new CEO is appointed.
Cohance Lifesciences
MD V Prasada Raju resigned.
Himanshu Agarwal, current CFO, appointed as Whole-time Director & CFO for five years starting October 29.
ArisInfra Solutions
Through subsidiary ArisUnitern RE Solutions, announced partnerships with Transcon Group (Mumbai) and Amogaya Projects (Bengaluru) to unlock over ₹12,000 crore in real estate value.
Swan Defence and Heavy Industries
Mazagon Dock Shipbuilders signed a teaming agreement with Swan Defence to jointly design and build Landing Platform Docks (LPDs) for the Indian Navy.
Block & Bulk Deals
Aditya Birla Capital
Private equity firm Jomei Investments (Advent International) exited its 2.04% stake by selling 5.32 crore shares worth ₹1,638.6 crore at ₹308/share.
Buyers included Goldman Sachs, Morgan Stanley, Norges Bank, Société Générale, HDFC Life, ICICI Prudential Life, SBI MF, and others.
Aarey Drugs & Pharmaceuticals
India Opportunities Growth Fund – Pinewood Strategy sold 1.53 lakh shares (0.54%) at ₹87.76/share, totaling ₹1.3 crore.
Tolins Tyres
BofA Securities Europe SA bought 2.1 lakh shares (0.53%) at ₹189.99/share, worth ₹3.98 crore.
F&O Updates
- In F&O Ban: Sammaan Capital
- Out of F&O Ban: SAIL
