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Stocks to watch: Shares of firms like Tata Power, Wipro, Biocon, RVNL, Adani Green, Biocon, and others will be in focus on Thursday’s trade
Stocks To Watch
Stocks To Watch on October 31: Domestic markets experienced volatility on Wednesday and ended down nearly half a percent amid mixed signals. In today’s trade, shares of Tata Investment, Tata Power, L&T, Wipro, Biocon among others will be in focus due to news developments and second quarter results.
Results Today: BF Utilities Ltd., Narayana Hrudayalaya Ltd.,Sudarshan Pharma Industries, Sonalis Consumer Products and Tata Investment Corporation Ltd, are set to announce their results on Thursday for the second quarter of the current financial year.
L&T: Revenue up 20.63 per cent at Rs 61,554 crore versus Rs 51,024 crore. Ebitda up 12.94 per cent at Rs 6,362 crore versus Rs 5,633 crore. Ebitda margin down 70 bps at 10.33 per cent versus 11.03 per cent. Net profit up 6.69 per cent at Rs 4,113 crore versus Rs 3,855 crore.
Tata Power: Revenue down 0.26 per cent at Rs 15,698 crore versus Rs 15,738 crore. Ebitda up 21.19 per cent at Rs 3,746 crore versus Rs 3,091 crore. Ebitda margin up 422 bps at 23.86 per cent versus 19.64 per cent. Net profit up 7.47 per cent at Rs 1,093 crore versus Rs 1,017 crore.
DCM Shriram: Revenue up 9.09 per cent at Rs 2,940 crore versus Rs 2,695 crore. Ebitda up 62.37 per cent at Rs 164 crore versus Rs 101 crore. Ebitda margin up 183 bps at 5.57 per cent versus 3.74 per cent. Net profit up 96.87 per cent at Rs 63 crore versus Rs 32 crore. Approved Rs 310 crore capex proposal for new facilities.
Biocon: Revenue up 3.69 per cent at Rs 3,590 crore versus Rs 3,462 crore. Ebitda down 7.54 per cent at Rs 686 crore versus Rs 742 crore. Ebitda margin down 232 bps at 19.1 per cent versus 21.43 per cent. Net profit down 84.3 per cent at Rs 27 crore versus Rs 172 crore.
IRB Infrastructure Developers: Revenue down 9.12 per cent at Rs 1,586 crore versus Rs 1,745 crore. Ebitda down at Rs 767 crore versus Rs 794 crore. Ebitda margin up 285 bps at 48.36 per cent versus 45.5 per cent. Net profit up 5.26 per cent at Rs 100 crore versus Rs 95 crore.
New India Assurance: Net premium earned up 3.9 per cent at Rs 8,567 crore versus Rs 8,245 crore. Net profit at Rs 73.6 crore versus loss of Rs 195 crore.
RVNL: The company has received a letter of acceptance worth Rs 284 crore for construction work from East Coast Railway.
Zydus Wellness: The company will acquire a 100 per cent stake in Naturell (India) for Rs 390 crore, marking a strategic move into the healthy consumer snacking space.
Biocon: The pharma company’s drug substance facility in Bengaluru has been classified as voluntary action indicated by the US FDA.
Ujjivan Small Finance Bank: S. Balakrishna Kamath will take charge as CFO of the bank effective December 5.
Adani Green: The company’s unit has entered into power purchase agreements with Maharashtra State Electricity Distribution Company for the supply of 5 GW of solar power.
Sonata Software: The company has signed a contract with a Fortune 50 American multinational technology conglomerate for global retail operations.
Jupiter Wagons: Jupiter Electric Mobility, the company’s arm, has acquired Log9’s Railway and electric truck battery divisions.
Tata Investment: Shares of Tata Investment will be in focus in Thursday’s trade as the company will announce quarterly numbers for the July-September 2024 period.
Godavari Biorefineries: Ace investor Madhuri Madhusudan Kela on Wednesday bought 5 lakh shares in debutant Godavari Biorefineries through a block deal.
Disclaimer:Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
