Stock Market Today: All You Need To Know Before Going Into Trade On November 4

Good Morning!

Gift Nifty Check

The Indian stock market is expected to open lower on Wednesday after a sharp four-session rally amid mixed global market cues, as investors await the US midterm election results. The trends on Gift Nifty also signal a negative start for the Indian benchmark indices, Nifty 50 and Sensex, today. 

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The Gift Nifty was trading around 23,734 level, a discount of nearly 46 points from the Nifty futures' previous close.

Asian Market Check

Asia-Pacific markets were trading mixed on Wednesday, November 4, tracking mixed cues from Wall Street. Investors also remained focused on the US midterm election results, with early indications pointing towards a potential Democratic victory over Republicans.

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South Korea's Kospi rebounded from the previous session's decline, rising 1.6%. Japan's Nikkei 225 tumbled 1.56%, while the Topix slipped 0.55%. Australia's ASX 200 also fell 0.52%.

Commodity Check

Oil prices resumed their northward move on Wednesday, November 4, despite falling for two consecutive sessions, as investors weighed the uncertainty surrounding peace efforts between the US and Iran. Last checked, Brent crude was up 0.74% at $104.30 a barrel.

Qatar's Foreign Ministry spokesperson said the two sides were considering fresh proposals from mediators to resolve their differences. However, Iran's national security chief said in a social media post that Washington's response to the proposals was still not satisfactory.

US Market Recap

US market opened mixed on Tuesday, ahead of the US Midterms polls today on November 3. The Nasdaq rose as investors tuned back into tech stocks after the recent sell-off. It opened in the green, 0.4% higher. 

The S&P 500 climbed 0.1% higher at open, while Dow Jones opened lower by 0.4%, or nearly 200 points down

The indices settled on a split note, with Dow down 0.38% at 51,786.72, while S&P 500 was up 0.36% at 7,568.92, and Nasdaq Composite was up 0.83% at 25,372.01. 

India Stock Market Recap

Nifty closed in the positive territory  for fourth day in a row, climbing over 1.5% today. The indices extended gains on Tuesday, November 3, led by gains in FMCG, Financials and Realty stocks. The BSE Sensex index ended 1.62% or 1225.07 points higher at 76,917, while NSE Nifty 50 index ended 1.58% or 370.05 points higher at 23,810 levels.

Earnings In Focus

63 Moons Technologies
Afcons Infrastructure
All Time Plastics
Alembic Pharmaceuticals
Apollo Hospitals Enterprise
Apollo Tyres
Aptus Value Housing Finance India
Ashiana Housing
Aurobindo Pharma
Balkrishna Industries
Balrampur Chini Mills
BASF India
Mrs. Bectors Food Specialities
Biocon
Capacite Infraprojects
Carysil
Centum Electronics
Century Plyboards (India)
Cera Sanitaryware
Chalet Hotels
Chemplast Sanmar
Cummins India
Dabur India
Ellenbarrie Industrial Gases
eMudhra
Entero Healthcare Solutions
EPL
Esab India
Exide Industries
Galaxy Surfactants
GMM Pfaudler
Gujarat Pipavav Port
G R Infraprojects
Housing & Urban Development Corporation
Indo Count Industries
Interarch Building Solutions
IRCON International
ISGEC Heavy Engineering
Jash Engineering
Jain Irrigation Systems
JK Lakshmi Cement
JM Financial
JSW Dulux
Jtekt India
Jyothy Labs
Kansai Nerolac Paints
Krishna Institute of Medical Sciences
Kirloskar Oil Engines
Dr. Lal PathLabs
C.E. Info Systems
Marksans Pharma
Max Estates
Mayur Uniquoters
Meghmani Organics
Navneet Education
NHPC
Niva Bupa Health Insurance Company
NLC India
NRB Bearings
FSN E-Commerce Ventures
PDS
Power Finance Corporation
PI Industries
Premier Energies
Pricol
Physicswallah
Ramco Industries
Redington
Redtape
RITES
Rolex Rings
Keystone Realtors
Saksoft
Sanathan Textiles
Saregama India
Shivalik Bimetal Controls
Shipping Corporation of India
Shringar House of Mangalsutra
SIS
S.J.S. Enterprises
SKF India (Industrial)
SMS Pharmaceuticals
Somany Ceramics
Stove Kraft
Sundaram-Clayton
Swan Corp
Thangamayil Jewellery
Torrent Power
Unichem Laboratories
Varroc Engineering
Vintage Coffee And Beverages
Websol Energy System
Zydus Lifesciences

Earnings
Neuland Labs Q2 (Consolidated)

• Revenue declined 12.6% YoY to Rs. 450 crore from Rs. 514 crore.
• EBITDA declined 37.3% YoY to Rs. 97.6 crore from Rs. 156 crore.
• EBITDA margin declined to 21.7% from 30.2% YoY.
• Net profit declined 46.7% YoY to Rs. 51.6 crore from Rs. 96.9 crore.

ASK Automotive Q2 (Consolidated)

• Revenue grew 47.6% YoY to Rs. 1,555 crore from Rs. 1,054 crore.
• EBITDA grew 30.2% YoY to Rs. 178.6 crore from Rs. 137.2 crore.
• EBITDA margin declined to 11.5% from 13% YoY.
• Net profit grew 27.3% YoY to Rs. 101.6 crore from Rs. 79.8 crore.

Harsha Engineers Q2 (Consolidated)

• Revenue grew 16.3% YoY to Rs. 440.1 crore from Rs. 378.3 crore.
• EBITDA grew 39.6% YoY to Rs. 74.7 crore from Rs. 53.5 crore.
• EBITDA margin improved to 17% from 14.1% YoY.
• Net profit grew 23.7% YoY to Rs. 45 crore from Rs. 36.4 crore.

Global Health Q2 (Consolidated)

• Revenue grew 33.6% YoY to Rs. 1,469 crore from Rs. 1,099 crore.
• EBITDA grew 60.3% YoY to Rs. 370.1 crore from Rs. 230.9 crore.
• EBITDA margin improved to 25.2% from 21% YoY.
• Net profit grew 39.3% YoY to Rs. 221 crore from Rs. 158 crore.

SEAMEC Q2 (Consolidated)

• Revenue stood at Rs. 198 crore against Rs. 97.4 crore YoY.
• EBITDA stood at Rs. 38.1 crore against Rs. 7.9 crore YoY.
• EBITDA margin improved to 19.2% from 8.1% YoY.
• Net profit stood at Rs. 50.3 crore against a loss of Rs. 27.5 crore YoY.
• Reported a one-time gain of Rs. 42.4 crore in Q2.

GNG Electronics Q2 (Consolidated)

• Revenue grew 51.5% YoY to Rs. 625 crore from Rs. 413 crore.
• EBITDA grew 86.3% YoY to Rs. 92.8 crore from Rs. 49.8 crore.
• EBITDA margin improved to 14.8% from 12.1% YoY.
• Net profit grew 95.2% YoY to Rs. 56.4 crore from Rs. 28.9 crore.

SEDEMAC Mechatronics Q2 (Consolidated)

• Revenue grew 39.8% YoY to Rs. 401 crore from Rs. 287 crore.
• EBITDA grew 23.7% YoY to Rs. 75.6 crore from Rs. 61.1 crore.
• EBITDA margin declined to 18.9% from 21.3% YoY.
• Net profit grew 30.2% YoY to Rs. 39.2 crore from Rs. 30.1 crore.

Chambal Fertilisers Q2 (Consolidated)

• Revenue grew 9.1% YoY to Rs. 6,999 crore from Rs. 6,413 crore.
• EBITDA grew 6.9% YoY to Rs. 900.4 crore from Rs. 841.9 crore.
• EBITDA margin declined to 12.9% from 13.1% YoY.
• Net profit declined 2.6% YoY to Rs. 632 crore from Rs. 649 crore.
• To pay an interim dividend of Rs. 5 per share.

Dreamfolks Services Q2 (Consolidated)

• Revenue declined 84.9% YoY to Rs. 31.1 crore from Rs. 205.6 crore.
• Reported a net loss of Rs. 10.5 crore against a profit of Rs. 11.2 crore YoY.

Linde India Q2 (Consolidated)

• Revenue grew 12.3% YoY to Rs. 723 crore from Rs. 644 crore.
• EBITDA declined 18% YoY to Rs. 232 crore from Rs. 282 crore.
• EBITDA margin declined to 32% from 43.8% YoY.
• Net profit declined 30.5% YoY to Rs. 119 crore from Rs. 171 crore.

Xpro India Q2 (Consolidated)

• Revenue grew 47.4% YoY to Rs. 177 crore from Rs. 120 crore.
• EBITDA declined 11.9% YoY to Rs. 43.7 crore from Rs. 49.6 crore.
• EBITDA margin declined to 24.7% from 41.4% YoY.
• Net profit grew 50% YoY to Rs. 7.5 crore from Rs. 5 crore.

V-Mart Retail Q2

• Revenue grew 18.1% YoY to Rs. 953 crore from Rs. 807 crore.
• EBITDA grew 20.1% YoY to Rs. 86.1 crore from Rs. 71.7 crore.
• EBITDA margin improved to 9% from 8.9% YoY.
• Net loss widened to Rs. 16.3 crore from Rs. 8.9 crore YoY.

Northern Arc Capital Q2 (Consolidated)

• Total income grew 39% YoY to Rs. 874 crore from Rs. 629 crore.
• Net profit grew 41% YoY to Rs. 129.3 crore from Rs. 91.7 crore.

Bajaj Holdings Q2 (Consolidated)

• Total income declined 55.2% YoY to Rs. 184 crore from Rs. 410 crore.
• Profit grew 27.9% YoY to Rs. 1,993 crore from Rs. 1,559 crore.

Sai Silks Q2

• Revenue declined 2.3% YoY to Rs. 434 crore from Rs. 444 crore.
• EBITDA declined 14.1% YoY to Rs. 61.6 crore from Rs. 71.7 crore.
• EBITDA margin declined to 14.2% from 16.1% YoY.
• Net profit declined 22.4% YoY to Rs. 31.1 crore from Rs. 40.1 crore.

Datamatics Global Q2 (Consolidated)

• Revenue grew 11.5% YoY to Rs. 546.6 crore from Rs. 490.2 crore.
• EBITDA grew 30% YoY to Rs. 115.4 crore from Rs. 88.8 crore.
• EBITDA margin improved to 21.1% from 18.1% YoY.
• Net profit grew 16.1% YoY to Rs. 73.4 crore from Rs. 63.2 crore.

Awfis Space Q2 (Consolidated)

• Revenue grew 19.6% YoY to Rs. 439 crore from Rs. 367 crore.
• EBITDA grew 31.2% YoY to Rs. 174 crore from Rs. 132 crore.
• EBITDA margin improved to 39.6% from 36.1% YoY.
• Net profit grew 93.7% YoY to Rs. 30.8 crore from Rs. 15.9 crore.

Pokarna Q2 (Consolidated)

• Revenue grew 35.9% YoY to Rs. 161 crore from Rs. 119 crore.
• EBITDA stood at Rs. 59.4 crore against Rs. 23.9 crore YoY.
• EBITDA margin improved to 36.9% from 20.2% YoY.
• Net profit stood at Rs. 34.3 crore against Rs. 6.3 crore YoY.

Subros Q2 (Consolidated)

• Revenue grew 36% YoY to Rs. 1,199 crore from Rs. 880 crore.
• EBITDA grew 23% YoY to Rs. 84.1 crore from Rs. 68.4 crore.
• EBITDA margin declined to 7% from 7.8% YoY.
• Net profit grew 9.6% YoY to Rs. 44.6 crore from Rs. 40.7 crore.

HG Infra Q2 (Consolidated)

• Revenue grew 7.6% YoY to Rs. 973.5 crore from Rs. 904.5 crore.
• EBITDA grew 21% YoY to Rs. 249.4 crore from Rs. 206.1 crore.
• EBITDA margin improved to 25.6% from 22.8% YoY.
• Net profit grew 51.5% YoY to Rs. 79.1 crore from Rs. 52.2 crore.

Manipal Payment Q2 (Consolidated)

• Revenue grew 2.6% QoQ to Rs. 430 crore from Rs. 418.9 crore.
• EBITDA grew 5.6% QoQ to Rs. 131.1 crore from Rs. 124.1 crore.
• EBITDA margin improved to 30.5% from 29.6% QoQ.
• Net profit grew 4% QoQ to Rs. 80.8 crore from Rs. 77.7 crore.

NSE Q2 (Consolidated)

• Revenue declined 10.8% QoQ to Rs. 4,067 crore from Rs. 4,560 crore.
• EBITDA declined 13.3% QoQ to Rs. 3,079 crore from Rs. 3,551 crore.
• EBITDA margin declined to 75.7% from 77.9% QoQ.
• Net profit declined 17.4% QoQ to Rs. 2,578 crore from Rs. 3,120 crore.

Bata India Q2 (Consolidated)

• Revenue grew 7.5% YoY to Rs. 861.7 crore from Rs. 801.3 crore.
• EBITDA declined 0.8% YoY to Rs. 143.7 crore from Rs. 144.9 crore.
• EBITDA margin declined to 16.7% from 18.1% YoY.
• Net profit grew 31.2% YoY to Rs. 18.1 crore from Rs. 13.8 crore.

Anthem Biosciences Q2 (Consolidated)

• Revenue grew 7.9% YoY to Rs. 594 crore from Rs. 550.5 crore.
• EBITDA grew 24.4% YoY to Rs. 271.5 crore from Rs. 218.3 crore.
• EBITDA margin improved to 45.7% from 39.7% YoY.
• Net profit grew 21.9% YoY to Rs. 211 crore from Rs. 173 crore.

Sandur Manganese Q2 (Consolidated)

• Revenue grew 9.5% QoQ to Rs. 1,506 crore from Rs. 1,375 crore.
• EBITDA grew 10% QoQ to Rs. 377.8 crore from Rs. 343.5 crore.
• EBITDA margin improved to 25.1% from 25% QoQ.
• Net profit grew 14.5% QoQ to Rs. 260 crore from Rs. 227 crore.

Nephrocare Health Q2 (Consolidated)

• Revenue grew 23.4% YoY to Rs. 303.3 crore from Rs. 245.7 crore.
• EBITDA grew 4.7% YoY to Rs. 67 crore from Rs. 64 crore.
• EBITDA margin declined to 22.1% from 26% YoY.
• Net profit stood at Rs. 33.5 crore against a loss of Rs. 9.4 crore YoY.

Shalby Q2 (Consolidated)

• Revenue grew 9.7% YoY to Rs. 313.1 crore from Rs. 285.4 crore.
• EBITDA declined 0.5% YoY to Rs. 41.3 crore from Rs. 41.5 crore.
• EBITDA margin declined to 13.2% from 14.5% YoY.
• Net profit declined 1.2% YoY to Rs. 8.2 crore from Rs. 8.3 crore.

Bayer CropScience Q2

• Revenue declined 19.5% YoY to Rs. 1,251 crore from Rs. 1,553 crore.
• EBITDA grew 6% YoY to Rs. 217.7 crore from Rs. 205.3 crore.
• EBITDA margin improved to 17.4% from 13.2% YoY.
• Net profit grew 8.8% YoY to Rs. 166.2 crore from Rs. 152.7 crore.
• To pay an interim dividend of Rs. 90 per share.

SAMHI Hotels Q2 (Consolidated)

• Revenue grew 15.4% YoY to Rs. 338 crore from Rs. 293 crore.
• EBITDA grew 11.3% YoY to Rs. 119.2 crore from Rs. 107.1 crore.
• EBITDA margin declined to 35.3% from 36.6% YoY.
• Net profit declined 63.7% YoY to Rs. 33.5 crore from Rs. 92.4 crore.

Timex Group Q2

• Revenue grew 46.9% YoY to Rs. 358 crore from Rs. 243.7 crore.
• EBITDA grew 51.2% YoY to Rs. 64.4 crore from Rs. 42.6 crore.
• EBITDA margin improved to 18% from 17.5% YoY.
• Net profit grew 56% YoY to Rs. 47.1 crore from Rs. 30.2 crore.

V2 Retail Q2 (Consolidated)

• Revenue grew 27.8% YoY to Rs. 906 crore from Rs. 709 crore.
• EBITDA grew 41.7% YoY to Rs. 121 crore from Rs. 85.6 crore.
• EBITDA margin improved to 13.4% from 12.1% YoY.
• Net profit grew 5.8% YoY to Rs. 18.2 crore from Rs. 17.2 crore.

Arisinfra Solutions Q2 (Consolidated)

• Revenue grew 27.8% YoY to Rs. 308 crore from Rs. 241 crore.
• EBITDA grew 60.7% YoY to Rs. 36 crore from Rs. 22.4 crore.
• EBITDA margin improved to 11.7% from 9.3% YoY.
• Net profit grew 45.5% YoY to Rs. 20.8 crore from Rs. 14.3 crore.

GSK Pharma Q2 (Consolidated)

• Revenue grew 20.8% YoY to Rs. 1,184 crore from Rs. 980 crore.
• EBITDA grew 19.8% YoY to Rs. 402 crore from Rs. 336 crore.
• EBITDA margin was 34% against 34.2% YoY.
• Net profit grew 30.4% YoY to Rs. 336 crore from Rs. 258 crore.

Dalmia Bharat Sugar Q2 (Consolidated)

• Revenue grew 7.3% YoY to Rs. 1,061 crore from Rs. 989 crore.
• EBITDA stood at Rs. 113.8 crore against Rs. 56.2 crore YoY.
• EBITDA margin improved to 10.7% from 5.7% YoY.
• Net profit stood at Rs. 69.5 crore against Rs. 23.3 crore YoY.

Transrail Lighting Q2 (Consolidated)

• Revenue grew 31.7% YoY to Rs. 2,056 crore from Rs. 1,561 crore.
• EBITDA grew 28.7% YoY to Rs. 236.6 crore from Rs. 183.9 crore.
• EBITDA margin declined to 11.5% from 11.8% YoY.
• Net profit grew 12.4% YoY to Rs. 103.9 crore from Rs. 92.4 crore.

INOX India Q2 (Consolidated)

• Revenue grew 27.4% YoY to Rs. 456 crore from Rs. 358 crore.
• EBITDA grew 13.3% YoY to Rs. 87.9 crore from Rs. 77.6 crore.
• EBITDA margin declined to 19.3% from 21.7% YoY.
• Net profit grew 9.5% YoY to Rs. 66.6 crore from Rs. 60.8 crore.

Aarti Drugs Q2 (Consolidated)

• Revenue grew 26.5% YoY to Rs. 826 crore from Rs. 653 crore.
• EBITDA grew 58.8% YoY to Rs. 135 crore from Rs. 85 crore.
• EBITDA margin improved to 16.3% from 13% YoY.
• Net profit grew 83.2% YoY to Rs. 82.8 crore from Rs. 45.2 crore.

KSB Q2 (Consolidated)

• Revenue grew 19% YoY to Rs. 773 crore from Rs. 650 crore.
• EBITDA declined 3.8% YoY to Rs. 81.6 crore from Rs. 84.8 crore.
• EBITDA margin declined to 10.6% from 13.1% YoY.
• Net profit declined 10.2% YoY to Rs. 60.6 crore from Rs. 67.5 crore.

Lloyds Metals Q2 (Consolidated)

• Revenue declined 20.7% QoQ to Rs. 5,673 crore from Rs. 7,150 crore.
• EBITDA declined 35.4% QoQ to Rs. 1,804 crore from Rs. 2,792 crore.
• EBITDA margin declined to 31.8% from 39% QoQ.
• Profit declined 39.5% QoQ to Rs. 1,046 crore from Rs. 1,728 crore.

IndiQube Spaces Q2

• Revenue grew 34.8% YoY to Rs. 472 crore from Rs. 350 crore.
• EBITDA grew 42.6% YoY to Rs. 296.4 crore from Rs. 207.8 crore.
• EBITDA margin improved to 62.8% from 59.4% YoY.
• Net loss narrowed to Rs. 5.9 crore from Rs. 29.9 crore YoY.

Novartis India Q2 (Consolidated)

• Revenue declined 37.8% YoY to Rs. 56 crore from Rs. 90 crore.
• Net loss stood at Rs. 77.5 crore against a profit of Rs. 24.2 crore YoY.
• Reported a one-time loss of Rs. 68.3 crore in Q2.

Metropolis Health Q2 (Consolidated)

• Revenue grew 15.8% YoY to Rs. 497 crore from Rs. 429 crore.
• EBITDA grew 23.9% YoY to Rs. 133.9 crore from Rs. 108.1 crore.
• EBITDA margin improved to 27% from 25.2% YoY.
• Net profit grew 42.9% YoY to Rs. 75.3 crore from Rs. 52.7 crore.
• To pay an interim dividend of Rs. 1 per share.

SKF India Q2 (Consolidated)

• Revenue declined 54.5% YoY to Rs. 596 crore from Rs. 1,309 crore.
• EBITDA declined 65.3% YoY to Rs. 57.6 crore from Rs. 166 crore.
• EBITDA margin declined to 9.7% from 12.7% YoY.
• Net profit declined 50.5% YoY to Rs. 52 crore from Rs. 105 crore.

Endurance Technologies Q2 (Consolidated)

• Revenue grew 33.6% YoY to Rs. 4,786 crore from Rs. 3,583 crore.
• EBITDA grew 17.3% YoY to Rs. 559 crore from Rs. 477 crore.
• EBITDA margin declined to 11.7% from 13.3% YoY.
• Net profit grew 20.7% YoY to Rs. 274 crore from Rs. 227 crore.

Embassy Developments Q2 (Consolidated)

• Revenue declined 40.8% YoY to Rs. 292 crore from Rs. 494 crore.
• EBITDA loss stood at Rs. 149.9 crore against a loss of Rs. 51.2 crore YoY.
• Net loss widened to Rs. 271 crore from Rs. 153 crore YoY.

DAM Capital Q2 (Consolidated)

• Total income grew 81% QoQ to Rs. 54.3 crore from Rs. 30 crore.
• Net profit stood at Rs. 13.5 crore against Rs. 0.2 crore QoQ.

MCX Q2 (Consolidated)

• Revenue grew 14% QoQ to Rs. 800 crore from Rs. 702 crore.
• EBITDA grew 23.8% QoQ to Rs. 612 crore from Rs. 494 crore.
• EBITDA margin improved to 76.4% from 70.4% QoQ.
• Net profit grew 10% QoQ to Rs. 454.6 crore from Rs. 413.4 crore.

Vijaya Diagnostic Q2 (Consolidated)

• Revenue grew 26.2% YoY to Rs. 255 crore from Rs. 202 crore.
• EBITDA grew 36.8% YoY to Rs. 112.3 crore from Rs. 82.1 crore.
• EBITDA margin improved to 44% from 40.6% YoY.
• Net profit grew 37.41% YoY to Rs. 59.5 crore from Rs. 43.3 crore.

Utkarsh SFB Q2

• NII grew 24.2% YoY to Rs. 435 crore from Rs. 350 crore.
• Net NPA stood at 2.74% against 2.86% QoQ.
• Gross NPA stood at 5.96% against 6.09% QoQ.
• Provisions stood at Rs. 166 crore against Rs. 109 crore QoQ and Rs. 462 crore YoY.
• Net loss narrowed to Rs. 69.9 crore from Rs. 348.5 crore YoY.

Glass Wall Q2 (Consolidated)

• Revenue grew 3.3% YoY to Rs. 131.5 crore from Rs. 127.3 crore.
• EBITDA grew 32.4% YoY to Rs. 37.6 crore from Rs. 28.4 crore.
• EBITDA margin improved to 28.6% from 22.3% YoY.
• Net profit grew 31.2% YoY to Rs. 28.6 crore from Rs. 21.8 crore.

Kolte-Patil Developers Q2 (Consolidated)

• Revenue stood at Rs. 334 crore against Rs. 139 crore YoY.
• EBITDA loss stood at Rs. 0.9 crore against a loss of Rs. 36.5 crore YoY.
• Net profit stood at Rs. 5.3 crore against a loss of Rs. 10.4 crore YoY.

Shanti Gold Q2 (Consolidated)

• Revenue grew 73.5% YoY to Rs. 746 crore from Rs. 430 crore.
• EBITDA grew 16.1% YoY to Rs. 42.5 crore from Rs. 36.6 crore.
• EBITDA margin declined to 5.7% from 8.5% YoY.
• Net profit grew 13.8% YoY to Rs. 29.6 crore from Rs. 26 crore.

Authum Investments Q2 (Consolidated)

• Total income grew 12.6% YoY to Rs. 685 crore from Rs. 609 crore.
• Net profit declined 45.6% YoY to Rs. 417.3 crore from Rs. 767 crore.

R Systems Q2 (Consolidated)

• Revenue grew 23.4% YoY to Rs. 615 crore from Rs. 499 crore.
• EBITDA grew 63.5% YoY to Rs. 117.9 crore from Rs. 72.1 crore.
• EBITDA margin improved to 19.2% from 14.5% YoY.
• Net profit grew 81.9% YoY to Rs. 64.2 crore from Rs. 35.3 crore.

Clean Max Enviro Q2 (Consolidated)

• Revenue grew 37.1% YoY to Rs. 727.6 crore from Rs. 530.6 crore.
• EBITDA grew 56.3% YoY to Rs. 524.5 crore from Rs. 335.5 crore.
• EBITDA margin improved to 72.1% from 63.2% YoY.
• Net profit grew 85.8% YoY to Rs. 47 crore from Rs. 25.3 crore.

Ion Exchange Q2 (Consolidated)

• Revenue declined 8.1% YoY to Rs. 674.7 crore from Rs. 733.9 crore.
• EBITDA loss stood at Rs. 84.8 crore against a profit of Rs. 68.5 crore YoY.
• Net loss stood at Rs. 81.1 crore against a profit of Rs. 49.5 crore YoY.

MPS Q2 (Consolidated)

• Revenue grew 15.4% YoY to Rs. 224.3 crore from Rs. 194.4 crore.
• EBITDA grew 27.5% YoY to Rs. 77 crore from Rs. 60.4 crore.
• EBITDA margin improved to 34.3% from 31.1% YoY.
• Net profit declined 6.1% YoY to Rs. 52.1 crore from Rs. 55.5 crore.

Allcargo Logistics Q2 (Consolidated)

• Revenue grew 3.4% YoY to Rs. 555 crore from Rs. 537 crore.
• EBITDA grew 24.2% YoY to Rs. 77 crore from Rs. 62 crore.
• EBITDA margin improved to 13.9% from 11.5% YoY.
• Net profit stood at Rs. 18 crore against a loss of Rs. 4 crore YoY.

Business Updates

IEX - October Business Update

• Monthly real-time market volume grew 23.7% YoY to 5.7 BU.
• Monthly traded volume grew 16.5% YoY to 13.1 BU.

Stocks In News
Patanjali Foods

• Clarified that the Maharashtra FDA action was addressed to a distributor, not the company.
• Said it has not received any direct FDA order.
• Said no lab report confirms violations.
• Company is seeking documents from the FDA and distributor.
• Maharashtra FDA has restricted the distributor-held stock.

Hinduja Global

• Sale of stake in two arms is under process and will take some more time.

Hindustan Aeronautics

• To acquire the remaining 50% stake in HATSOFF from CAE Canada.
• HATSOFF will become a wholly owned subsidiary.
• To acquire 3.84 crore HATSOFF shares from CAE.

Motilal Oswal

• Appointed Padmanabh Sinha as MD and CEO of the alternate business.
• Ajay Menon resigned as CEO of the wealth management business.
• Appointed Suresh Shukla as CEO of the wealth management business.
• Appointed Pratik Oswal as Chairman of the private wealth business.
• Ashish Shankar resigned as MD and CEO of the private wealth business.
• Appointed Anupam Guha and Akash Hariani as MDs and CEOs of the private wealth business.

Sri Lotus Developers

• Promoter increased the OFS size to 2.65 crore shares.
• Promoter to sell up to 5.42% stake through an OFS.
• OFS expanded by an additional 27.04 lakh shares.

Avenue Supermarts

• Opened a new store in Pune.
• Total number of stores stands at 520.

NSE

To divest a 40% stake in its arm National Coal of India.
JNK India

• Received an order worth Rs. 300-600 crore from JNK Global.
• Order is for the design and supply of a heater package.

Hindustan Zinc

 Launched alloys VedAZ and VedAyush.
Clean Max Enviro

• NFAC deleted a Rs. 62.15 crore tax order against its arm.
• NFAC ruled in favour of the Surya Energy unit.

SKF India

• Approved capacity expansion through new channels.
• Launched the SKF Vertevo brand across the organisation.

Lloyds Metals

• To invest Rs. 625 crore in arm Triveni Earthmovers.
• To raise up to $300 million through senior notes.
• To set up a 360 MW thermal power plant in Maharashtra.

Lupin
Launched Raltegravir tablets USP 600 mg in the US.
Prestige Estates Projects
Acquired Gloind for an enterprise value of Rs. 519 crore.
Easy Trip Planners
Received a show-cause notice for a tax demand of Rs. 67.4 crore from the Mumbai tax body.
Equitas SFB
Appointed Balaji Nuthalpadi as interim CEO.
Amber Enterprises
Arm IL JIN Electronics (India) now holds a 100% stake in Ascent Circuits.
Windsor Machines
Board to meet on November 6 to consider raising funds.
Vikran Engineering
Approved allotment of NCDs worth Rs. 10 crore.
Power Grid
Government appointed Anupam Kumar as government nominee director.

 
IPO offering: NA

IPO Listing
M.K.Sons Fine Jewels
Co is engaged in the retail sale of gold, diamond, and CZ jewellery through its showroom network across Mumbai and Ahmedabad.

IPO to open: NA

Bulk & Block Deals 
Gallantt Ispat: Suryalaxmi Infracon bought 50lk shares & DINESH R AGARWAL sold 50 lk shares at Rs. 501 per share.
Ratnaveer Precision Eng: Jainam Broking sold 10.5 lk shares & Thakkar Nileshkumar Nileshkumar Harshutam HUF sold 5 lk shares at Rs. 379 per share.
Restaurant Brands Asia: Monet Securities bought 40.14 lk shares at Rs. 86.99 & Rajasthan Global Securities sold 50 lk shares at Rs. 86.98 per share.
SFC Environmental Tech: Sanjay Popatlal Jain bought 5 lk shares at Rs. 368.57 per share; Trust Mutual Fund bought 6.02 lk shares at Rs. 426.1 per share; Carnelian Asset Management & Advisors bought 10.70 lk shares at Rs. 393.01 per share; Abakkus Investment Managers bought 13.15 lk shares at Rs. 379 per share; Rajasthan Global Securities sold 7.17 lk shares at Rs. 355.1 per share.
          
          
Corporate Actions
Concord Biotech: 1:1 bonus

Board Meeting 
Apollo Tyres - Fund Raising
Creative Newtech - Fund Raising
NLC India - Fund Raising
Shivalik Bimetal Controls - Bonus
Sundaram Clayton - Fund Raising 

LOCK IN OPENING: NA

Insider trade
Gallantt Ispat: Dinesh R. Agarwal, Promoter & Director, sold 3.89 lk shares
Gandhar Oil Refinery (India): Samir Ramesh Parekh, Promoter & Director, bought 19,500 shares; Ramesh Babulal Parekh, Promoter & Director, bought 50,000 shares; Gandhar Coals & Mines Private, Promoter Group, bought 50,000 shares.
Jindal Stainless: JSL OVERSEAS HOLDING, Promoter Group, bought 4.60 lk shares
Indoco Remedies: ADITI M. PANANDIKAR, Promoter & Director, bought 4,000 shares; MADHURA SURESH KARE, Promoter, bought 4,004 shares

List of securities shortlisted in Short - Term ASM Framework Stage: Agi Infra, Borosil, Marsons
List of securities to be excluded from ASM Framework: NA

Price Band Changes: NA

F&O Cues
Nifty Oct futures is up 1.59% to 23,780.00 at a discount of 30 points.
Nifty Options 9th Oct Expiry: Maximum Call open interest at 24,000 and Maximum Put open interest at 23,000.                       

Securities in ban period: Kaynes Technology, SAIL
 

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